EU REPORT
Next round of talks for proposed trade, investments agreement between India, EU likely in September
India had started negotiations for a trade pact with the EU in 2007, but the talks stalled in 2013 as both sides failed to reach an agreement on key issues, including customs duties on automobiles and spirits and the movement of professionals.
Chinese EV manufacturer BYD expands with $1 Billion Turkey factory. Will it threaten Elon Musk's Tesla?
Chinese EV manufacturer BYD is building a new factory in Turkey to grow its global footprint amid trade challenges, aiming to strengthen its position in the international electric vehicle market.
EU tariffs hit growth in China's electric car exports, industry body official says
Last week, the European Union introduced provisional tariffs of up to 37.6% on China-made electric vehicles (EVs) to safeguard against what it described as a potential flood of unfairly subsidised EVs - a move China strongly opposes.
France's allies relieved by Le Pen loss but wonder what's next
France's allies were relieved as Marine Le Pen's far-right party failed to win in the snap election, averting fears of a far-right government. However, a hung parliament has created a complex coalition, potentially destabilizing France's role in Europe. The outcome raises questions about future policy directions and parliamentary cohesion.
Court says social media influencer Andrew Tate can leave Romania but remain in EU as he awaits trial
Romania court allows influencer Andrew Tate to leave country but remain in EU during trial for human trafficking and rape charges. Tate's spokesperson sees decision as a win. Legal proceedings ongoing with multiple cases against Tate and co-defendants.
EU governments waver over Chinese EV tariffs as trade spat escalates
EU countries debate supporting tariffs on Chinese electric vehicles in Brussels amid concerns over Beijing's possible retaliation affecting EU exports like cognac and pork.
EU approves Sanofi's Dupixent for 'smoker's lungs'
Sanofi and Regeneron received EU approval for broader use of Dupixent in treating chronic obstructive pulmonary disease (COPD), a significant step achieved faster than in the U.S. The EU Commission approved Dupixent for COPD patients not responsive to standard treatments, marking its expanded use beyond conditions like asthma and eczema.
China hopes for EV tariff deal with EU that suits both sides
China aims to find a "mutually acceptable solution" with the EU regarding preliminary tariffs on Chinese electric vehicles set to begin on July 4, seeking to avoid escalating trade tensions. Beijing wants the EU to drop the tariffs, while Brussels insists on addressing alleged subsidisation in China's EV industry. Negotiations are ongoing, with both sides working towards a resolution to protect economic relations.
‘Father’ of China EV industry calls for investment talks with EU
The panic coming from the EU is caused partly by the fact that Chinese foreign investment hasn’t kept up with the pace of exports, Wan Gang said. One way to improve relations would be to resume talks on the Comprehensive Agreement on Investment, he said.
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.
China wants EU to scrap EV tariffs on EVs by July 4
Beijing urges the European Union to revoke its preliminary tariffs on Chinese electric vehicles (EVs) by July 4, as reported by China's state-controlled Global Times. The EU plans to impose provisional duties of up to 38.1% on Chinese-made EVs while investigating alleged excessive and unfair subsidies to Chinese EV makers. China is willing to negotiate to avoid another tariff war, reminiscent of U.S. tariffs imposed during the Trump administration, but will protect its firms if necessary.
China and European Union agree to talks in bid to head off trade war
China and the European Union have decided to initiate talks aimed at resolving an increasingly tense tariff dispute, with billions of dollars in trade hanging in the balance. According to the Chinese Commerce Ministry, discussions will be held between China's commerce minister, Wang Wentao, and the European Union's trade commissioner, Valdis Dombrovskis. The focus will be on addressing the European Union's proposal to impose tariffs on electric cars imported from China, a move that has sparked significant concern.
EU sanctions target Russian gas for the first time, diplomats say
The European Union has agreed on a new sanctions package against Russia, marking its first restrictions on Russian gas since the war in Ukraine began. This 14th package bans the re-export of Russian liquefied natural gas (LNG) within EU waters, although imports continue. While intended to curb Russia's revenue and access to technologies, experts suggest limited impact on overall Russian LNG exports.
Chinese automakers seek retaliatory tariffs on EU cars, state media reports
Industry insiders say both Europe and China have reasons for wanting to strike a deal in the months ahead to de-escalate tensions and avoid the addition of billions of dollars in new costs for Chinese EV makers, as the EU process allows for review.
EU's new AI rules ignite battle over data transparency
Europe focuses on AI innovation to lead globally, balancing transparency and copyright protection under the new AI laws, emphasizing the need for innovation before regulation to avoid dependency on American and Chinese products.
Tesla seeks from EU lower tariffs on EVs shipped in from China: Report
Electric vehicle maker Tesla has asked the European Union to subject its cars to a lower tariff than other manufacturers shipping into the bloc from China, Bloomberg reported.
Microsoft to pay off cloud industry group to end EU antitrust complaint: report
Microsoft is close to finalizing a multimillion-euro deal with an Amazon-backed cloud lobby to resolve an antitrust complaint with the European Commission. The deal involves withdrawing the investigation request, potential payments, and agreements to not file legal complaints worldwide.
EU to probe Meta over handling of Russian disinformation: report
EU regulators may investigate Meta Platforms for insufficient content moderation against disinformation, especially from Russia. Concerns include political advertising's impact on elections. Multiple countries, including Georgia, Britain, and Austria, have upcoming elections in 2024.
EU threatens to suspend TikTok Lite's reward programme
A key feature of TikTok Lite may be suspended in the European Union on Thursday, the European Commission said, if TikTok does not provide a satisfactory response to regulators' concerns about the new app's impact on users' mental health.
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