Honesty and political trust would help EU-U.S. trade negotiations, says political advisor to Hungary's PM
Balázs Orbán, the political director for Hungarian Prime Minister Viktor Orbán, discusses EU-U.S. trade negotiations and EU sanctions against Russia.
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Associated Press
an hour ago
- Associated Press
Europe Recommerce Intelligence Report 2025: Market to Grow by a CAGR of 10.6% to 2029 - Acquisitions, Logistics Control, and Compliance Driving Expansion
DUBLIN--(BUSINESS WIRE)--Jun 27, 2025-- The 'Europe Recommerce Market Intelligence Databook - 60+ KPIs, Market Size, Share & Forecast by Channel, Category & Consumer Segment - Q2 2025 Update' report has been added to offering. The recommerce market in Europe is expected to grow by 12.6% on annual basis to reach US$43.0 billion in 2025. The recommerce market in the region experienced robust growth during 2020-2024, achieving a CAGR of 15.6%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 10.6% during 2025-2029. By the end of 2029, the recommerce market is projected to expand from its 2024 value of USD 38.2 billion to approximately USD 64.4 billion. This regional report provides a detailed data-centric analysis of the recommerce market Europe, covering market opportunities and risks across consumer segments (peer-to-peer and business-led resale); product categories; sales channels; and resale formats. With over 60+ KPIs at the regional and country level, this report provides a comprehensive understanding of recommerce market dynamics. Europe's recommerce landscape is advancing through a combination of policy enforcement, digital platform integration, and consumer alignment with sustainability. While maturity levels differ across Western, Northern, and Eastern Europe, several region-wide trends are influencing the next wave of recommerce growth. Unlike early-stage or informal resale markets, Europe's recommerce ecosystem is being shaped by coordinated action between government, enterprise, and platforms. Over the next 2-4 years, resale will shift from a secondary channel to a compliance-anchored, consumer-facing business model embedded in the product lifecycle. Europe's recommerce market is becoming structurally competitive across verticals such as electronics, fashion, and furniture. While the regulatory environment is harmonized at the EU level, execution varies by country, resulting in local champions and regional consolidators. The competitive edge in Europe will belong to players that combine resale infrastructure, compliance capability, and cross-country scale. With sustainability mandates hardening and consumer trust in structured resale rising, recommerce will shift from experimentation to institutionalization by 2027. Key Insights Competitive Landscape in Europe Is Organizing Around Verticals, Compliance Readiness, and Platform Integration Electronics Recommerce Is Formalizing Through OEM, Retail, and Policy-Driven Trade-In Models Apparel Recommerce Is Being Integrated Into Brand and Retail Operations Platform-Centric Models Are Scaling With Verification and Cross-Border Logistics Regulatory Alignment Is Structuring the Economics of Reuse Sustainability Goals Are Converging Across Retail, Government, and Finance Sectors Electronics Recommerce Is Driven by Brand-Led Programs and Platform Ecosystems Fashion Recommerce Is Consolidating Through Branded Channels and Regional Marketplaces Furniture and Lifestyle Recommerce Is Expanding via Retail Pilots and Reverse Logistics Strategic Moves: Acquisitions, Logistics Control, and Compliance-Driven Expansion Key Attributes: For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: EUROPE INDUSTRY KEYWORD: RETAIL OTHER RETAIL SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 06/27/2025 10:01 AM/DISC: 06/27/2025 10:01 AM
Yahoo
an hour ago
- Yahoo
What role will geopolitics play in automotive security?
The automotive industry is changing fast, thanks to advancements in AI, connectivity and autonomous technology. Modern vehicles not only include software and AI models from many different players, but they increasingly collect significant amounts of sensitive user data, and leverage cloud-based systems, to help enhance the driving experience and service delivery. As geopolitical tensions increase, security concerns are now influencing how vehicles are designed and manufactured. There are concerns over back-doors, kill switches and potential monitoring of vehicles – and by extension individuals. Equally important, standards around the globe differ, raising questions about the relative security of different players in the supply chain. Geopolitical dynamics are constantly evolving and, while the developments outlined in this piece reflect the state of play at the time of writing, circumstances can shift rapidly. For automotive leaders, the key is to stay agile and prepared, as global policy and security priorities continue to move. China: The world's largest EV market and producer China has solidified its position as the global leader in electric vehicle [EV] production and sales. As of 2023, more than half of the world's EVs were in China, making it the largest EV market and producer. This rapid expansion has largely been driven by strong, and long-term, government support, including subsidies, infrastructure investment and favourable regulations. Beyond domestic sales, China's EV exports have skyrocketed. Between 2019 and 2023, exports, including foreign brands like Tesla manufactured in China, have surged 160-fold. This rapid growth has sparked concerns over 'overcapacity', with Western markets fearing an influx of low-cost Chinese EVs. The EU, US, and Canada have responded by announcing tariffs on EVs made in China, and some analysts are calling the situation the start of a potential 'trade war'. As geopolitical tensions rise, China's dominance in the EV industry continues to reshape global trade dynamics. Despite the ever complex and growing US tariffs, Chinese innovators are continuing to push forward with their global ambitions, undeterred by the ongoing geopolitical challenges US tariffs and security concerns US tariffs on Chinese EVs have been framed as a way to combat unfair trade practices and protect domestic manufacturers, but security considerations weigh heavily on such a move. Connectivity of modern EVs, many of which rely on AI-driven software and data collection, has raised fears of potential cybersecurity threats and data privacy risks. US officials have become concerned that Chinese-made EVs, with advanced sensors and internet connectivity, might be used to collect sensitive data on American infrastructure, road networks, and even consumers. Some policymakers are concerned the Chinese government could access this data, posing a national security risk. Similar concerns have been raised in the past about Chinese telecommunications companies and surveillance technology. Apart from the potential cyber risks, the US is also wary of its growing dependence on Chinese battery supply chains. Given China's monopoly on lithium-ion batteries and key raw materials, policymakers are calling for greater investment in domestic manufacturing to reduce reliance on imports from China. As a result, tariffs on Chinese EVs are not just about protecting American automakers, they also serve, to some extent, as a wider strategy to limit China's influence in the high-tech automotive sector under the guise of national security concerns. US-UK trade agreement: Implications for the automotive sector On 8th May 2025, US President Donald Trump and UK Prime Minister Sir Keir Starmer announced a comprehensive trade agreement. This deal significantly reduces tariffs on key UK exports to the US, including slashing car tariffs from 27.5 per cent to 10 per cent for up to 100,000 vehicles. This agreement provides a reprieve for UK automakers, particularly Jaguar Land Rover, which had paused shipments to the US due to the previously imposed tariffs. However, the broader implications for global trade dynamics and automotive security remain complex, as the deal doesn't fully restore pre-tariff conditions and maintains certain baseline tariffs. EVs and evolving security requirements Although political alliances and tariff regimes may change, cybersecurity threats remain a constant, and the risk of cyberattacks, system vulnerabilities and data breaches is ever present — and growing. By nature of having more electronics and software, EVs are exposed to a wider range of cyber security threats and attacks and, as the vehicles become more popular, cybercriminals eagerly await exploitation of digital connectivity these cars rely on. EVs today are exposed to many different types of cyber risks. For example, hackers can intercept wireless key fob signals to launch replay attacks and gain unauthorised access. Compromised charging stations may also serve as entry points for malicious software, jeopardizing vehicle safety – as demonstrated at Pwn2Own Automotive 2024, which identified multiple Zero Day vulnerabilities in a range of EV charging points. Such security vulnerabilities in charging equipment can expose sensitive user data, including credentials, and public charging infrastructure is also at risk of malware attacks, potentially disrupting essential operations. Additionally, grid-connected EV charging systems are prime targets for cyberattacks. This could lead to widespread disruptions in the electric distribution network, affecting many users and potentially causing disruption far beyond just EV owners. Ultimately, these risks clearly highlight the urgent need for robust cybersecurity measures to protect both lives and safety. Although concerns are often raised about Chinese EV imports, it's worth noting that many Chinese manufacturers are leading the way in cybersecurity implementation. In contrast, some U.S. and European vendors have been slower to adopt strong cybersecurity standards, which could introduce vulnerabilities into the EV ecosystem. To mitigate these risks, policymakers might impose stricter regulations, conduct security audits, and require compliance with cybersecurity frameworks before allowing widespread deployment of foreign-made EVs and charging systems. Final thoughts The automotive industry is navigating a complex array of regulations, trade restrictions, and security challenges. As cybersecurity threats in the EV sector escalate, alongside growing supply chain vulnerabilities, it's clear that a new, software-centric approach is essential. EVs are increasingly reliant on software, and geopolitical actors are targeting everything from infotainment systems to network gateways and operating systems. The risks of espionage, intellectual property theft and cyber sabotage are no longer just potential dangers - they are active threats. And while global politics may shift from month to month, cybersecurity risk does not wait for policy. The digital attack surface in EVs is expanding, and attackers remain constantly active. As global tensions reshape the EV market, security must be proactive, not reactive, and OEMs must now build next-generation automotive platforms with security and geopolitical resilience in mind. Only then can the industry confidently drive into the future. Claire Maslen is senior vice president of commercial and operations for Secure Platforms at "What role will geopolitics play in automotive security?" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
an hour ago
- Yahoo
'A graveyard of companies': Climate tech startups are feeling the heat from Trump 2.0
Trump's new bill affects tax credits that benefited the clean energy sector and climate startups. It's spooked some climate founders who worked in industries relying on government subsidies. Many are now pivoting to new brands and geographies, and investors expect a reset. The Trump administration's proposed overhaul of green energy tax credits has jolted the climate tech sector — and investors and founders in the ecosystem are scrambling to make fallback plans. Cleantech stocks tumbled in May after a bill cutting tax credits for clean energy incentives passed through the Republican-controlled House of Representatives. Now, founders and investors are concerned about the knock-on impact this could have on the country's climate tech ecosystem, which was burgeoning under the Biden-era Inflation Reduction Act, or IRA. They told Business Insider that Trump's bill has stifled startup growth ambitions, pushing them to scale back, pivot to new geographies, or shut down entirely. "There will be a graveyard of companies," Matthew Nordan, general partner at clean tech fund Azolla Ventures, told BI. "And a lot of startups will hibernate to try to weather the storm." Early-stage startups are already beginning to feel the heat. In April, Spencer Gore, founder and CEO of Bedrock Materials, a sodium-ion battery startup, made an unusual announcement on LinkedIn: the startup would be returning most of its $9 million raised to investors and ceasing operations. The company had plenty of operational cash, but "it was the techno-economics that led us to pull the plug," Gore told BI, adding that the market conditions for climate tech startups in the US were hampered by waning industrial policy. A byproduct of the new tax bill — and growing political backlash against ESG incentives — is that Europe is becoming more attractive for climate techs to set up shop. "There's a dramatic retrenchment to Europe occurring within climate tech startups now. It's broad-based, and the EU is doing the opposite of what the US is doing right now," Nordan told BI. Sam Kanner, the CEO of floating wind turbine startup Aikido, an Azolla portfolio company, told BI he's considering moving his company to Europe. Trump's executive orders have "put a chill on investor sentiment and project development in the US," he said. There are "no longer any grant opportunities" through the Department of Energy or other agencies, he added, which means its "go-to-market strategy is now completely focused on Europe." Matthew Blain, an investor at Voyager Ventures, told BI that startups in the EU could turn to government funding from bodies such as the European Investment Fund, adding that "energy prices make the Nordics very attractive" as a hub. Europe, in particular, has made significant headway in aligning regulatory frameworks with climate targets, which de-risks early-stage tech, said Todd Khozein, the CEO of SecondMuse. Kanner said that the UK, France, and Norway had "enacted supportive policies which have had the opposite effect on investors in those ecosystems", encouraging private equity, infrastructure, and venture investors to back wind projects. Startups are also eager to look beyond Europe for expansion. "Generally speaking, the EU has made itself unattractive from a manufacturing standpoint, by over-relying on Russia. We'd look to Brazil, India, and the Middle East," Max Kufner, the cofounder of carbon capture and utilization startup Again, told BI. "The Middle East is proving to be a viable partner in decarbonization." Right now, "a lot of climate tech entrepreneurs are asking themselves what it means to be an entrepreneur in the United States, and whether this is really the best place to attract and retain talent," Gore said. "What we're seeing right now with startups is similar to the playbook we saw with Trump 1.0. A lot of companies will make a push to rebrand themselves as energy security and resilience funds," Nordan said. The aftermath of a global tech downturn, rising interest rates, and mounting backlash against ESG incentives has made it increasingly difficult for climate tech startups to fundraise. In the first quarter of 2025, climate startups secured $10 billion, down 50% from the $20 billion raised in Q1 of 2024, per PitchBook data. Biden's IRA offered climate companies billions of dollars worth of subsidies, tax credits, and rebates. The Trump administration is now attempting to roll back parts of the $369 billion initiative. "Anything that relied on grants, that came out of the IRA, for first-of-a-kind (FOAK) projects, will be hit the hardest," Nordan said. For example, direct air capture startup Climeworks — which received a $50 million US government grant in 2024 — laid off over 100 employees in May. Its CEO told Bloomberg that the startup's upcoming Louisiana plant would be delayed in light of the Trump administration's green policy decisions. Nordan anticipates more layoffs and shutdowns of companies that were dependent on government grants. Offshore wind and solar projects have also been in Trump's crosshairs. While these aren't usually venture-backed categories, the steep reduction in staff at the Department of Energy's loan program office, which provided debt funding to clean energy startups, will have a more debilitating impact on companies in these sectors, Voyager Ventures' Blain said. Still, investor appetite for nuclear fusion, long-duration energy storage, and startups making data centers more efficient has accelerated, partly due to the AI boom, which requires immense energy. Read the original article on Business Insider
