Navigating a world of rapid change and instability poses huge challenges for businesses, policymakers and investors. The Bloomberg New Economy Gateway Europe near Dublin is focusing on the theme of “Reglobalization” — exploring the forces transforming trade and industry, from banking to aviation and energy to semiconductors.
(Bloomberg) — Navigating a world of rapid change and instability poses huge challenges for businesses, policymakers and investors. The Bloomberg New Economy Gateway Europe near Dublin is focusing on the theme of “Reglobalization” — exploring the forces transforming trade and industry, from banking to aviation and energy to semiconductors.
Join us today for conversations with UniCredit’s Andrea Orcel, DeepMind’s Lila Ibrahim, the European Central Bank’s Pablo Hernandez de Cos, Eurogroup President Paschal Donohoe and Magic Leap’s Peggy Johnson, among many others. We also have exclusive Bloomberg TV interviews with Ryanair’s Michael O’Leary and IATA Director General Willie Walsh.
Key Developments
- ECB’s Lane Sees Rate Hike in May, Data to Determine Size
- ‘Reglobalization’ Is Rising Around the World: New Economy Daily
(All times CET)
UK Lagging on Innovation: AstraZeneca (10 a.m.)
AstraZeneca’s decision to site a $360 million manufacturing facility in Ireland instead of the UK was motivated by a more attractive Irish operating environment that enables the drugmaker to drive innovation and pursue its climate agenda, according to the company’s head of operations.
The UK government should “act faster around innovation” and “really give incentive for companies to be driving that innovation,” AstraZeneca’s Pam Cheng said in an interview with Bloomberg TV. The choice of Ireland did not only depend on tax and other financial implications, Cheng said, adding that “the more important thing is that overall operating environment.”
IDA’s Lohan Sees Investment Headwinds (9 a.m.)
Ireland still has a “very strong, robust pipeline” of foreign investment but is facing headwinds and the volume of incoming business is set to decline compared with the past two years, according to the new head of the country’s investment promotion agency.
While some sectors, including financial services, biopharmaceuticals and medical devices, are “continuing to forge ahead,” technology companies are suffering in part due to a deterioration in consumer sentiment, the agency’s CEO, Michael Lohan, said in his first interview since taking over on Monday.
ECB’s Lane Sees Rate Hike in May (9 a.m.)
Another increase in interest rates is appropriate next month, with data due in the coming weeks to determine the size of the move, according to ECB Chief Economist Philip Lane.
“As of now, two weeks away, I think the baseline is that we should indeed increase interest rates in May,” Lane said in a TV interview before Bloomberg’s New Economy Gateway Europe conference near Dublin. “Exactly what we do — I’m going to wait until we have that data before deciding.”
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–With assistance from Peter O’Dwyer and Morwenna Coniam.
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