Germany and France warned that European businesses will need to unleash investments on a nearly unparalleled scale to keep from falling behind US and Chinese firms as countries revamp their economies to make them more climate friendly.
German Chancellor Olaf Scholz and French President Emmanuel Macron met in Paris on Sunday to discuss how the EU should respond to President Joe Biden’s Inflation Reduction Act, which includes roughly $500bn in new spending and tax breaks over a decade to benefit US companies...
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