Europe losing tech race to China and US, Nobel Prize winner warns

Written by on October 14, 2025

French economist Philippe Aghion issued a stark warning to Europe shortly after winning this year’s Nobel Prize, saying the continent was losing the technology race to China and the United States.
“Europe needs to wake up. We’re falling behind technologically compared to the United States and now China,” the newly minted laureate said during public broadcaster France 2’s evening news programme on Monday.
“Since the 1990s, they’ve been developing breakthroughs, hi-tech innovations, while we’ve…

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