Brussels

The approaches to reducing bureaucracy between DOGE in the United States and the Omnibus package in the European Union could hardly be more different. This is partly due to cultural factors.

Just before the application deadline, Berlin raised its hand in Brussels in favor of Frankfurt as the location for the planned EU Anti-Money Laundering Authority (AMLA). Finance Minister Lindner actively promoted the financial hub.

In the trade showdown between China and the EU, Beijing must exercise caution to avoid further alienating foreign investors.