The EU unveils EU Inc., a single bloc-wide incorporation regime that it says takes 48 hours, to help European startups compete with US and Chinese rivals (Samuel Stolton/Bloomberg)

Samuel Stolton / Bloomberg: The EU unveils EU Inc., a single bloc-wide incorporation regime that it says takes 48 hours, to help European startups compete with US and Chinese rivals   —  The European Union has unveiled a red-tape-cutting plan dubbed “EU Inc.” to boost the emergence of companies that could compete on the world stage with US and Chinese rivals.