Tim Cook wrote a winning recipe for AppleWill it work for his successor? Published on: Apr 26, 2026 3:43 PM IST The Economist Share via Copy link SOMETIMES A COMPANY encapsulates its times. Ford and its Model T captured the go-getting mood of the Roaring Twenties
Dressed in a black tuxedo just hours after he was at the centre of yet another major security incident, US President Donald Trump told reporters: "I can't imagine that there's any profession that is more dangerous." While a small army of Secret Service agents make the president arguably the world's
There’s a flavour movement quietly brewing in Indian kitchens and it isn’t smoky or spicy, but umami. Once considered a foreign concept, Indian chefs are now tapping into the country’s own rich legacy of umami-forward ingredients and techniques to reimagine comfort food for a cleaner, deeper
Violence erupted in West Bengal's Howrah and Haroa districts before the second phase of polling. Clashes between Trinamool Congress and BJP supporters occurred in Howrah. In Haroa, a police sub-inspector was injured during a confrontation between Trinamool Congress and Indian Secular Front
Mann Ki Baat: PM Modi praises Great Indian Bustard conservationPopulation of Great Indian Bustard has declined to fewer than 200 individuals, with the majority found in Rajasthan Published on: Apr 26, 2026 5:31 PM IST By Vijay Mathrani, Barmer/Jaisalmer Share via Copy link Prime Minister Narendra
The Mexican government says two US agents who died last weekend in a car crash had not been authorised to operate in the country. The officials, who reportedly worked for the CIA, had taken part in a raid on suspected drug labs in the northern state of Chihuahua before their vehicle skidded off a
Perhaps clay hasn’t been kind to him this time. But Carlos Alcaraz is already looking ahead. In a significant blow to the clay-court season, the World No. 2 has officially withdrawn from the French Open due to a wrist injury sustained during the opening round of the Barcelona Open
PM Modi in Mann Ki Baat said that ongoing Census exercise is not just a government task but a responsibility of all citizens and participation of everyone is vital. PM Modi’s Mann Ki Baat: Prime Minister Narendra Modi on Sunday highlighted India’s growing achievements across sectors ranging
Europe must shape up or will lose to US and China, say CEOs
Business leaders at the World Economic Forum are sounding an alarm for Europe. They warn that excessive rules and slow processes are hindering growth. Competition from the US and China is intensifying. Europe risks falling behind in key future industries.
Davos: Whether it's in pharmaceuticals, artificial intelligence, or defense, executives attending the World Economic Forum this week had a stark warning for Europe: Get your house in order or lose out to the US and China.
Citing everything from over-regulation and clunky bureaucracies to the inability of the continent to leverage its market of about 450 million people, the executives said Europe risks being left behind in many of the industries of the future, and called on the region to present a unified front and pool resources to drive its competitiveness.
“It makes no sense to build an Italian corvette ship, a French corvette ship, a Spanish corvette ship, a Swedish corvette ship, a German corvette ship and a UK corvette ship,” Pierroberto Folgiero, chief executive officer of defense firm Fincantieri SpA, said in an interview in Davos. “We need to spend more in defense but we need to spend better. We must share platforms and projects.”
Although these issues have hurt European business for a long time, things are coming to a head as US President Donald Trump's trade war and intensifying competition from China across many of Europe's key industrial sectors are adding greater urgency, with the CEOs saying a change in the narrative is critical. At stake are economic growth, jobs and social cohesion in Europe.
The WEF in Davos gathered more than 800 executives from all over the world this week, with businesses seeking clarity on pressing issues including high energy costs, the AI race, supply chains amid military conflicts and a shifting new world order.
Leaders in several industries echoed the sentiment that Europe may fall behind, with Novartis AG CEO Vas Narasimhan saying innovative drug launches were being hindered in some European countries as the US puts pressure on drug prices.
“If Europe wants to attract investment like the US and China right now, it has to step up,” Narasimhan said, citing the ease of doing business in the US, where his company is plowing billions of dollars into new plants and research and development. He called on European countries to “value our medicines, value the impact they have on patients.”
The world is getting “progressively divided into geopolitical blocs and there's a need to create as much self-sufficiency as possible within these blocs, certainly on the energy and the defense side,” Fincantieri CEO Folgiero said. “In these strategic sectors, the supply chains will have to become shorter.”
In the drugs industry, shorter supply chains will mean Europe needs to shore up the availability of key ingredients as global trade tensions mount, said Michael Sen, the CEO of German health-care company Fresenius SE.
After years of outsourcing production, Europe has developed an “unhealthy” dependence on China for so-called active pharmaceutical ingredients, he said in an interview Monday in Davos. That carries the risk of a “weaponization of active drug ingredients in this new world order,” he said. “You are in deep trouble if you have shortages of key drugs. Drugs can be used as a power play.”
The high cost of doing business in Europe is another major hindrance, the executives said. Steep energy costs in the region are resulting in China and the US winning in some key industries like automotive and AI.
“This is a challenging environment for business leaders to make long-term decisions,” said Conrad Keijzer, CEO of Swiss chemicals maker Clariant AG, highlighting high gas prices in Europe for chemical makers, which are squeezing margins and forcing them to put a hold on future investments in sustainability projects.
In contrast, North American businesses are “all positioned for growth,” said Jan Jenisch, chairman of US and Canada focused cement firm Amrize Ltd., citing the build out of data centers in the US. “What's happening in the US market – they are the leaders with the big tech companies, they are the leaders with all the satellite systems in the sky, they became energy positive, they are the leaders in AI,” he said.
Europe's seemingly never-ending regulations drew a fair share of criticism. Nicola Mendelsohn, the head of Facebook owner Meta Platforms Inc's global business group, said that the regulatory regime in Europe has made it harder to roll out and adopt new AI products, and that business leaders are becoming increasingly frustrated.
“It's very clear the link between complicated regulation and the ability to allow innovation to flourish and grow,” she said in an interview with Francine Lacqua on Bloomberg Television.
Some European leaders have acknowledged the region's shortcomings. French President Emmanuel Macron said Europe needs to simplify the regulations that put undue burdens on businesses — something they don't have to contend with in other parts of the world. In his Davos speech, he said policymakers and companies should give preference to “Made in Europe” products, and said a capital markets union is becoming urgent to bankroll the financing needs of businesses.
Europe's efforts to become self-sufficient won't be easy, according to the head of Swedish telecom equipment maker Ericsson AB.
“This whole sovereignty narrative in Europe is dangerous,” Borje Ekholm said in an interview in Davos. “I don't think Europe has the capability to be sovereign today.”
Add as a Reliable and Trusted News Source Add Now!
Source: EconomicTimes
Related Posts: World Economic Forum economists expect global economic conditions to weaken in 2026 At Packed India-Russia Business Forum World Economic Forum 2026 Day 2 LIVE World Economic Forum LIVE What to know about the annual World Economic Forum meeting in Davos World Economic Forum 2026 LIVE Davos under lockdown as World Economic Forum opens today World Economic Forum Can Japan get more female business leaders Business leaders agree AI is the future
Police in Kolkata found approximately 100 crude bombs at a residence in Bhangar. The house belonged to an individual reportedly affiliated with the TMC. This discovery occurred just days before the second phase of the West Bengal assembly elections
4 hours ago
Pakistan Prime Minister Shehbaz Sharif spoke with Iranian President Masoud Pezeshkian and discussed the evolving regional situation. During the telephonic conversation on Saturday (April 25, 2026) evening, which coincided with Foreign Minister Abbas Araghchi's visit to Islamabad
4 hours ago
The man arrested after shots were fired inside the hotel where the White House Correspondents' Dinner was being held on Saturday night has been named to the BBC's US news partner CBS by law enforcement sources as Cole Tomas Allen. The 31-year-old suspect is from Torrance in the Los Angeles region
4 hours ago
Can Raghav Chadha, others lose RS seats over BJP merger? AAP seeks their removal amid legal complexitiesSeven AAP Rajya Sabha MPs exited the party on Friday and merged with the BJP, citing the 2/3rds exception to the Anti-Defection Law. Updated on: Apr 26
4 hours ago
People in the UK could face higher energy, food, and flight ticket prices for at least eight months after the end of the US-Israel war with Iran, a senior minister has said. Darren Jones, Chief Secretary to the Prime Minister, told the BBC the government was "looking at all of those things" as it
4 hours ago
Srinagar Khel Sankalp document outlines national vision to strengthen sports cultureSrinagar Khel Sankalp document outlines national vision to strengthen sports culture Updated on: Apr 26, 2026 4:38 PM IST PTI Share via Copy link Srinagar, Sports Minister Mansukh Mandaviya on Sunday released
4 hours ago
Nikola Jokic was ejected after an altercation with Jaden McDaniels as the Minnesota Timberwolves beat the Denver Nuggets to move to the brink of victory in the NBA play-offs first round. With the Timberwolves 14 points ahead in game four with 1.3 seconds of the match remaining
4 hours ago
![New Delhi [India], April 26 (ANI): Team India’s head coach, Gautam Gambhir, on Sunday, shared adorable fam-jam pictures. As his daughter Anaiza turned nine](http://newsorbit360.com/files/news/en/imgs/gautam-gambhir-s-daughter-anaiza-turns-9.webp?height=520)
New Delhi [India], April 26 (ANI): Team India’s head coach, Gautam Gambhir, on Sunday, shared adorable fam-jam pictures. As his daughter Anaiza turned nine, Gambhir flaunted his fatherly side on social media. In one of the images, he and his wife Natasha could be seen posing with their daughters
4 hours ago
Union Finance Minister has flagged concerns over an emerging cyber challenge linked to Anthropic’s AI model Mythos, and described it as a threat as big as war.Speaking at the ET Awards for Corporate Excellence on Saturday, Sitharaman said the scale and nature of the development had caught
4 hours ago
If Christian Horner wanted to keep a low profile after his Red Bull exit, he picked the wrong paddock. The ousted Formula 1 boss made a surprise appearance at the Spanish Grand Prix in Jerez on Saturday, instantly sparking chatter: is MotoGP his next move?If Christian Horner wanted to keep a low
4 hours ago
Hundreds of protesters in Imphal clashed with security forces on Saturday after being stopped from marching to the chief minister’s residence, The Hindu reported. They were demanding justice for two children killed in a recent attack and permanent peace in Manipur
4 hours ago
Ambani family hosts Rihanna at Antilia in Mumbai, photos of warm welcome go viralThe Ambani family hosted Rihanna at their Mumbai home Antilia, and the pictures quickly went viral online. Published on: Apr 26, 2026 3:43 PM IST By Mahipal Singh Chouhan Share via Copy link The Ambani family hosted
4 hours ago
A hilarious video from Thailand is taking the internet by storm, showing a massive wild elephant casually strolling into a small convenience store like it’s doing its weekly grocery run. In the video shared on X, a elephant calmly walks through the shop’s open door
4 hours ago
A 43-year-old share trader, Debdeep Chatterjee, was beaten to death allegedly by a mob in Asansol on Saturday after an argument broke out when his car brushed against a parked motorbike near his home, The Telegraph reported. His wife, Piyali Chatterjee
4 hours ago
Ishan Kishan emphasized that consistent batting performances were key to his return to the Indian team after a period out. He focused on scoring runs rather than dwelling on disappointment, highlighting that selection hinges on performance. Kishan also shared insights from Sunrisers Hyderabad's win
4 hours ago
Dhoni isn’t part of the Chennai unit for the game against GT, amid reports that he does not want to meddle with the team composition that seems to be working. Chennai Super Kings take on Gujarat Titans at the MA Chidambaram Stadium in Chennai on Sunday in a blockbuster encounter between the sides
4 hours ago
The richest one percent of people are earning a larger share of total income than at any point in the last four decades — and in India, the concentration is almost back to pre-independence levels. Data from the World Inequality Database tracking 1910 to 2024 shows a clear U-shaped pattern:
4 hours ago
The minimum temperatures are expected to remain in the range of 25-27°C, and maximum temperatures are likely to hover around 43-45°C The India Meteorological Department on Saturday predicted that heat wave conditions are likely over northwest and central India during the next 3 days
4 hours ago
A car bomb exploded near a police station in Dunmurry, Northern Ireland. Police have declared a security alert and evacuated homes. This incident follows a similar attempted attack last month. Dissident Republican groups are suspected of carrying out these attacks
4 hours ago
Meta will lay off around 8,000 employees, roughly 10% of its global workforce, starting May 20, according to an internal memo sent to staff by chief people officer Janelle Gale. The company said the move is part of a broader effort to improve efficiency while continuing to invest heavily in
4 hours ago
The Securities and Exchange Board of India (SEBI) has proposed a major change in how stock brokers’ capital requirements are calculated. The move aims to better match broker net worth with the scale of their operations and the risks they handle
4 hours ago
Central government employees and pensioners have been waiting for the release of Dearness Allowance (DA) and Dearness Relief (DR) arrears withheld during the COVID-19 pandemic ahead of the 8th Pay Commission. The arrears, which remained unpaid for 18 months during the pandemic period
4 hours ago
Cole Thomas Allen family: Here's all we know about WH dinner shooting suspectCole Tomas Allen, 31, from Torrance, California, is suspected of discharging firearms during the WH Correspondents' Dinner, injuring a Secret Service agent. Published on: Apr 26
4 hours ago
Diksha drops to T-26 on a windy day in Women’s SA OpenDiksha drops to T-26 on a windy day in Women’s SA Open Published on: Apr 26, 2026 5:09 PM IST PTI Share via Copy link Cape Town, Indian golfer Diksha Dagar managed just one birdie against four bogeys on a rough and windy day at the Investec
4 hours ago
Indiana University campus mass shooting: Here's what happened in Bloomington after ‘Little 500’A mass shooting near Indiana University's campus resulted in nine injuries during the Little 500 race celebrations. Published on: Apr 26, 2026 5:48 PM IST By Shweta Kukreti Share via Copy link Nine
4 hours ago
As the U.S. sanctions waiver for Iran’s Chabahar port ends on Sunday (April 26, 2026), the government faces a major test in strategic autonomy, as it may have to choose between exiting the 23-year-old port project or facing American sanctions
4 hours ago
President Donald Trump addressing reporters at the White House after he and other top leaders of the United States were evacuated from an annual dinner of White House correspondents on Saturday (April 25, 2026) night after a shooting incident outside the ballroom
4 hours ago
