Tech leaders, global corporations, universities and financial institutions have joined the European Commission in two initiatives to nurture Europe's tech and digital startups into global internet companies.
At the end of 2012, the EU27 held Foreign Direct Investment (FDI) stocks of 5 207 billion euro in the rest of the world, while stocks held by the rest of the world in the EU27 amounted to 3 947 bn, meaning that the EU27 continues to be a net investor in the rest of the world.
Renewable energy incentives have run out in Italy, while the United Arab Emirates (UAE) are mulling their introduction. Italian solar panel manufacturers are hunting Middle Eastern investment opportunities at the World Future Energy Summit in Abu Dhabi.
Unexpectedly strong deliveries in the United States lifted global oil demand for the final quarter of last year by 135 000 barrels per day (135 kb/d) higher than originally forecast, the IEA Oil Market Report (OMR) for January estimated.
European industry has maintained its global market position thanks to relatively low energy intensity levels and high renewables penetration, according to a study into the continent's competitiveness due to be released by the European Commission as part of its clean energy package.
Airbus, one of Britain's largest employers, has voiced concerns over the possibility of the country leaving the European Union, saying the benefits of an alternative economic model needed to be proven.
Experts warn that more than 13 million personal computers in Japan will be exposed to higher risk of virus and other attacks starting in mid-April, when Microsoft will cease to support Windows XP operating system.