EU COMMISSION
China's Xi Jinping greets EU Council president ahead of EV tariffs taking effect
China's President Xi Jinping conveyed his congratulations to incoming European Council President Antonio Costa, emphasizing the importance of China-EU relations. This comes ahead of the European Commission's decision to impose tariffs of up to 37.6% on Chinese electric vehicles (EVs), citing state subsidies benefiting Chinese firms. Xi reaffirmed China's commitment to its partnership with the EU, rejecting accusations of unfair subsidies on Chinese EVs. The EU faces internal divisions over supporting these tariffs, with Germany leaning towards opposing them due to significant automotive sales in China, while France supports them firmly.
EU leaders pick Von der Leyen for second term
European Union leaders have nominated Ursula von der Leyen for a second five-year term as president of the European Commission. The bloc's 27 national leaders also selected former Portuguese premier Antonio Costa as future European Council chair and Estonian Prime Minister Kaja Kallas as the next EU foreign policy chief.
Apple charged with violating EU's antitrust tech law, may have to pay fine of $38 billion.
Apple has become the first US tech giant to be charged under the European Union’s tough new antitrust tech law. If found guilty, its fine may soar up to $38 billion.
EU defers ban on Russian diamonds by six months
A few other relaxations, like ring-fencing old stocks, announced by the European Commission, the executive arm of the EU, would give a further breather to the local diamantaires which constitute the world's largest importer of rough diamonds. According to a statement issued by the Commission on Monday, the ban on import of Russian diamonds would not extend to either rough or polished stones which were there in the EU and other countries (like India) before the beginning of the sanctions in March 2024.
Explained: What happens next in the EU investigation into Chinese EVs?
China and the European Commission plan talks to address proposed tariffs on Chinese-made electric vehicles entering the EU, potentially easing tensions. The EU intends to impose provisional duties on these vehicles, ranging from 17.4% to 38.1%, with the deadline set for July 4. Negotiations between the EU and China are expected, with stakeholders having until July 18 to provide feedback. The Commission will publish its findings by July 4, and decisions on provisional duties will follow.
EU and China set for talks on planned electric vehicle tariffs
The confirmation came after China's commerce ministry said its head Wang Wentao, and Dombrovskis, executive vice president of the European Commission, had agreed to start consultations over the EU's anti-subsidy investigation into Chinese EVs.
- Go To Page 1
Meloni camp pulls ahead of Macron's in EU parliament
Parliamentary insiders however say the balance of power in the 720-seat European legislature remains essentially unchanged from the last legislature. It lies with a centrist tie-up made up of the conservative European People's Party (EPP), the biggest group with 189 seats, the leftist Socialists & Democrats (S&D) with 136, and the liberal Renew Europe that includes the French president's party.
China says escalation by EU over EV imports could trigger 'trade war'
Last week, the European Commission proposed tariffs of up to 38.1% on electric vehicle imports from China despite Beijing's protest, plunging trade ties to a new low and risking punitive retaliatory action. "The European side continues to escalate trade frictions and could trigger a 'trade war'," a statement attributed to the commerce ministry's spokesperson said. "The responsibility lies entirely with the European side."
What happens next in the EU investigation into Chinese EVs?
The European Commission plans to impose provisional duties on electric vehicles (EVs) from China, ranging from 17.4% to 38.1%, in addition to the existing 10% tariff. These duties are set to take effect by July 4 as part of an anti-subsidy investigation to protect EU industry. Following publication of findings on July 4, interested parties have until July 18 to comment before final duties are determined.
EU envoys agree on more Russia sanctions. LNG imports are among the targets
EU ambassadors have agreed on new sanctions in response to Russia's invasion of Ukraine. The measures will target imports of Russian LNG and freeze assets of more officials and entities.
German deputy leader visits China to manage fears of trade war with EU
Robert Habeck, who has personally spoken out against punitive tariffs as a last resort, took with him a low-key business delegation and will address trade relations while also pressing China on hot-button issues like Russia's war in Ukraine.
Tesla expects to hike price of China-made cars in EU due to tariffs
Tesla plans to raise the price of its Model 3 due to E.U. import duties on Chinese-made cars, without specifying the increase. It urged customers in select European countries to order by June as the new pricing will take effect on July 1, 2024. The E.U. will impose up to 38.1% extra duties on Chinese electric cars in July, potentially sparking retaliation from Beijing to protect its interests.
China warns EU tariffs on EVs would 'harm' Europe's interests
China criticised the EU's planned additional tariffs on Chinese electric vehicles, warning of harm to Europe's own interests and condemning it as protectionism. The EU Commission is expected to impose fresh duties, potentially up to 25 per cent on top of the existing 10 per cent, sparking concerns about global automobile production and supply chain stability. China urged the EU to uphold free trade commitments and collaborate for mutual economic and trade interests.
Chinese EVs to be hit with multi-billion-euro tariffs at European Union toll gates
The European Union plans to increase tariffs on Chinese electric vehicles to 25%, despite German warnings of a trade war. France and Spain support the move to protect European manufacturers and generate revenue. Currently, the EU imposes a 10% duty on Chinese EVs, while China taxes European imports at 15%. This decision follows the U.S. raising duties on Chinese EVs to 100% and will see BYD, Geely, and Tesla, which export from China to Europe, hurt in the process.
Millions join EU vote finale as far right eyes gains
Twenty-one of the bloc's 27 countries, including heavy hitters France and Germany, were voting on the election's biggest day to help shape the European Union's direction over the next five years. "In the current world situation, where everyone is trying to isolate each other, it's important to keep standing up for peace and democracy," said Berling voter Tanja Reith, 52.
Millions will vote on Europe's super Sunday, with surveys suggesting a shift to the right
Voters across 20 European nations are casting their ballots in the EU election super Sunday, with concerns over a potential shift to the political right impacting the bloc's decision-making amidst ongoing conflicts and rising anti-migrant sentiment. Populist parties are expected to make gains, potentially reshaping the European Parliament's dynamics. The elections mark a pivotal moment for the EU's future trajectory and international relationships.
Slovaks and others go to the polls in EU elections under the shadow of an assassination attempt
Voters in Slovakia, Italy, and other European Union nations are casting their ballots for the European Parliament on the third day of elections. In Slovakia, an attempt to assassinate populist Prime Minister Robert Fico on May 15 has reverberated throughout Europe. Analysts believe the attack could boost the chances of the premier's leftist Smer party, the senior partner in the governing coalition, to win the vote.
Denmark's Prime Minister Frederiksen assaulted in central Copenhagen, man arrested
Two eyewitnesses, Anna Ravn and Marie Adrian, told the daily BT that they saw a man walking toward Frederiksen and then "pushing her hard on the shoulder so she was shoved aside." They stressed that the premier did not fall down.
India's mammoth general election followed by Europe's big polls
The world's largest general election concluded with Prime Minister Narendra Modi-led NDA winning a third term. Around 450 million European Union citizens began voting to choose 720 members of the European Parliament from 27 countries in the second biggest electoral exercise.
Dutch voters kick off marathon EU elections
Dutch voters kick off EU election marathon, testing far-right shift in EU parliament amid geopolitical uncertainty after Russia's invasion of Ukraine.
France's far right may win big in EU elections. That's worrying for migrants, Macron and Ukraine
The June 6-9 elections in all 27 EU countries will shift the makeup of the European Parliament and policymaking in the European Commission, the EU's executive arm, likely further toward the right and far right. And that could boost Le Pen's chances of winning France's presidency in 2027, a long-time dream.
Temu will have to comply with tougher EU online content rules, EU says
Temu, a fast-fashion e-commerce retailer under the PDD Group, is required to comply with strict EU online content rules as a very large online platform (VLOP) under the Digital Services Act (DSA), facing penalties of up to 6% of their global annual turnover for violations.
What's at stake in the European Parliament election next month
EU elections are held every five years across the 27-member bloc. This year marks the 10th parliamentary election since the first polls in 1979, and the first after Brexit.
Top EU data regulator says tech giants working closely on AI compliance
Des Hogan, Data Protection Commissioner in Ireland, highlighted the broad powers of national regulators to enforce changes in AI products for data privacy compliance.
EU in touch with Telegram as it nears criterion for EU tech rules
The Digital Services Act (DSA) which kicked in last year applies to all online intermediaries and platforms, but with tougher obligations on Big Tech to do more to police illegal and harmful online content on their platforms.
France looks to elusive EU capital market to fix startup funding
A hodgepodge of local regulations and oversight has kept Europe's financial markets largely shaped by national borders, preventing the emergence of deep capital markets to rival the United States.
Apple fights €1.8 billion EU antitrust fine for curbs on Spotify
The iPhone maker has filed a suit at the EU’s General Court in Luxembourg to topple the March decision, according to people familiar with the matter who spoke on condition of anonymity.
Emmanuel Macron, von der Leyen press China's Xi on trade in Paris talks
Xi arrived in Europe for the first time in five years, at a time of growing business tensions that include the European Union investigating Chinese industries such as electric vehicle exports, while Beijing probes mostly French-made brandy imports. The European Union "cannot absorb massive over-production of Chinese industrial goods flooding its market," von der Leyen said after the three held talks under the gilded ceilings of the Elysee Palace.
EU ready for 'tough decisions to protect economy', von der Leyen tells China
European Commission President Ursula von der Leyen emphasized the EU's commitment to protecting its economy and security amid strained trade relations with China. Following talks with Chinese President Xi Jinping and French President Emmanuel Macron in Paris, she stated that while fair play from China benefits everyone, Europe will not hesitate to take tough measures to safeguard its economy and security.
Load More
