Tag: EUROPEAN UNION
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EU Companies Outpace Global R&D Investment Growth in 2023
The EU’s investment in R&D increased by 9.8% in 2023, surpassing both the US and China for the first time since 2013. Despite global R&D growth slowing to 7.8%, the top 2000 companies invested a record €1257.7 billion. The EU led in automotive R&D investments, claimed 18.7% of global private R&D, and emphasized the necessity…
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Tech Council of Australia Urges Increased Investment in Technology for Economic Growth
A report by the Tech Council of Australia urges businesses to enhance technology investments to drive economic growth and productivity. It proposes increasing total tech investment from 3.7% to 4.6% of GDP, potentially unlocking AUD $39 billion in productivity gains by 2035. The Council emphasizes the need for better technology adoption, especially in comparison to…