Author: staff

The CO2 regulation allows automakers to pool their emissions, meaning a manufacturer that doesn’t meet its emissions goals can pay a carmaker that overshoots those targets. Such transactions have been particularly lucrative for Tesla — although its collapsing sales caused by Musk’s close association with Trump may make that provision less useful. “We definitely don’t want the money to go to the Chinese or to Elon Musk,” said MEP Peter Liese of the European People’s Party at a press conference on Wednesday. “That is more important than a few months ago — that we don’t make the richest man in…

“Russia’s invasion of Ukraine and China’s unofficial support for Russia have only heightened concerns about the security of the EU’s ports,” says a recent report from the Warsaw-based Centre for Eastern Studies think tank. Transport Commissioner Apostolos Tzitzikostas on Thursday told industry leaders that Europe’s ports must “reconsider security … and examine foreign presence more carefully.” | Marcin Obara/EPA One example of the kind of strategic entanglement the EU is now confronting is playing out in Poland, at the Gdynia Container Terminal, where Hutchison has held a stake for over 20 years. That situation could change. Under pressure from U.S.…

“He says that we have to talk to the Russians, that we have to exercise diplomacy. He got the opportunity to go, and he is now going to practice it,” the advisor added. “He goes on the adventure to document what he sees.” The advisor said the visit was organized by non-attached German lawmaker Michael von der Schulenburg, close to Panayiotou, and other MEPs belonging to the Sarah Wagenknecht Alliance (BSW), an offshoot movement from Die Linke, Germany’s traditional leftist party. As Brussels Playbook reported, BSW’s MEP Ruth Firmenich is attending too. Earlier on Thursday, Panayiotou posted a video of…

Trump has previously said the EU was created to “screw” the United States. His tariffs are currently on hold until July, giving the bloc an opportunity to strike a deal similar to the one secured by the U.K. that was announced on Thursday.Baseline 10 percent tariffs are still in place on the EU, along with 25 percent on cars, steel, and aluminum. The Commission revealed its new retaliatory list Thursday, worth nearly €100 billion of imports.  Trump and von der Leyen have met briefly once before ― during the funeral for Pope Francis on April 26, where they were seen…

“He’s like a dual passport holder, he’s the perfect pontiff for the present moment,” said Miles Pattenden, papal historian and lecturer at Oxford University. Prevost’s predecessor Pope Francis, née Jorge Mario Bergoglio, wrestled with widening divisions in a Church split along geographical and ideological lines. Traditionalists who continued to see the institution as a fundamentally Western one were pitted against the millions of new Catholics being minted outside the Old Continent — as well as progressives who ached for the Church to adapt to the modern, liberal world.  While he made some headway, Francis’ efforts to please everyone wrought theological…

Industry figures suspected something was afoot on Apr. 30, when senior figures — including Bryant Trick, assistant U.S. trade representative, and Graham Floater, the DBT’s director for U.S. trade — failed to show at a dialogue for the two nations’ small and medium-sized businesses in Charlotte, North Carolina. Officially the reason was a transport hiccup, but one person with knowledge of the meeting said: “I thought it was one of the signs that significant progress was being made. It really, really tightened up over the last couple of weeks.” Several people said a key figure in sealing the deal was…

The mayor of Nagasaki has announced the city will invite representatives “of all countries” and regions to the peace memorial marking the 80th anniversary of the atomic bombing of the city.The invitation to the 157 countries and regions that have diplomatic missions in Japan will include Russia, Belarus and Israel, who were excluded last year.Mayor Shiro Suzuki said he wants all representatives to see the brutal consequences of atomic weapons use as a lesson at a time of growing divisions and conflicts.The United States dropped its second atomic bomb on Nagasaki on 9 August 1945, three days after the first bombing of Hiroshima, together…

Moscow and Beijing also said nuclear states must “reject Cold War mentality” and avoid seeking military superiority “at the expense of the security of other States.” According to the Russian press agency, 26 documents were signed during the meeting, including a joint declaration on strengthening cooperation on supporting international law. After nearly four hours of talks, Xi described his meeting with his Russian counterpart as “in-depth, friendly and fruitful.” Putin said the talks were “warm and substantive,” and claimed ties between Russia and China were stronger than ever before. Flights into Moscow were disrupted Wednesday after Ukrainian drone strikes forced…

The US and the UK have announced a trade deal, the first agreement secured with the Trump administration after it announced a raft of tariffs on foreign goods in early April.”The final details are being written up,” US President Donald Trump told reporters. “In the coming weeks, we’ll have it all very conclusive.”The rapidly-negotiated deal is not a wide ranging trade pact but it instead focuses on specific sectors, easing trade barriers on agricultural, automobile, aluminium and steel products.Although Trump is referring to the breakthrough as a “full and comprehensive” deal, experts stress that this exaggerates the scope of the…

Crucially, however, any imported meat must comply with U.K. food standards, meaning British farmers can breathe a sigh of relief that hormone-treated beef won’t be darkening their doors anytime soon. Food standards have been a hot potato since U.K.-U.S. negotiations on a free trade agreement kicked off under the first Trump administration in May 2020.  In a surprise move, the U.S. was also granted a new tariff-free quota for ethanol, applying to the first 1.4 billion liters. Previously, U.S. ethanol imported to the U.K. was subject to a tariff of between 10 and 50 percent depending on its use.  Speaking…