Promising a "simplification shock", the EU will unveil a much-anticipated blueprint to revamp Europe's economic model on Wednesday, as the bloc struggles to keep up with China and the United States.

Coming early in EU chief Ursula von der Leyen's second term, the publication of the "competitiveness compass" aims to mark a change of tack towards a more business-friendly Brussels.

Faced with US President Donald Trump's tariff threats and China's fast ascent in key industrial and digital sectors, as well as the need to make giant investments in artificial intelligence, the 27-nation bloc is under pressure to make life easier for its firms.

It hopes to get back in the race by implementing recommendations made last year by former Italian leaders Enrico Letta and Mario Draghi.

The European Commission's recent focus on climate change and business ethics has left many companies complaining about excessive regulation compounding high energy costs and weak investments.

Commission Vice-President Stephane Sejourne has promised "a simplification shock without affecting environmental targets".

Dozens of laws will be revised, with........

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