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The European Union’s proposal for the EU-INC aims to create a single company structure to enhance cross-border growth for startups, addressing fragmentation in company laws. The initiative has gained support from over 23,000 in the tech startup community.

The German government, represented by a spokesperson from the Federal Foreign Office, has reiterated its opposition to reopening diplomatic channels with Russian President Vladimir Putin amid ongoing discussions among European leaders on negotiating an end to the war in Ukraine.