BiotechPolicy

European Food Biotech Alliance Aims to Overcome Regulatory and Investment Hurdles

A new cross-sector alliance aims to transform Europe’s food biotechnology sector by aligning research, regulation and investment. The initiative comes as Brussels drafts its Biotech Act, which stakeholders say underrepresents food applications despite their potential for food security.

Europe’s Food Biotechnology Challenge

According to reports from industry experts, Europe is positioning to harness biotechnology to address growing food security concerns amid climate disruption and supply chain instability. Sources indicate that while Brussels is drafting comprehensive biotechnology legislation, food applications risk being overlooked despite their significant potential.

EconomyTrade

US and South Korea Negotiate Financial Safeguards in $350 Billion Investment Partnership

Senior South Korean officials are in Washington negotiating final terms of a major $350 billion investment commitment. The discussions reportedly include establishing currency swap mechanisms to protect against financial market volatility.

High-Stakes Financial Negotiations Underway

South Korea and the United States are engaged in intensive discussions to finalize terms of a substantial $350 billion investment pledge, according to reports from diplomatic sources. The negotiations, occurring ahead of this month’s Asia-Pacific Economic Cooperation summit, reportedly include potential currency swap arrangements designed to safeguard South Korea from potential financial instability.