EU ‘should cut costs or see businesses flee’

The EU must urgently lower energy prices and ease regulations to stop industry fleeing the continent, European businesses said yesterday, as Brussels prepares plans to stimulate the green economy.

The European Union is racing to make Europe more attractive for the companies that could be tempted by massive U.S. and Chinese subsidies and lower energy costs.

Americans can 'have confidence' in banking system: Biden

President Joe Biden on Monday reassured Americans that their banking system is safe in the wake of the sudden collapse of SVB and the federal takeover of a second bank.

"Americans can have confidence that the banking system is safe. Your deposits will be there when you need them," he said in televised remarks from the White House.

Labena Ventures to foster biotech, pharmacy and healthcare ideas

Labena, a Ljubljana-based family-run business, is launching a new platform to link start-up companies and disruptive ideas with venture capital and investment funds in medicine, biotechnology and the food and pharmaceutical industries. More than €100 million will be available, with applications expected from 14 March.

Why banks postponed dividend pay

The road banks still have to travel to approach normalcy is strewn with pitfalls, despite the high profitability recorded in 2022. This is confirmed by the shift in their intention to distribute dividends by one year.

There are three main reasons for that decision, the first being banks' need to protect their profitability through stable and recurring profits.