German carmakers: EU electric car tariffs on China will raise prices
After EU countries approved a tariff of up to 35.3 percent on electric cars from China, German carmakers warn that the decision will distort competition and damage global trade.
NATO chief Rutte wants EU to remain “unique and essential partner” amid rocky times
Former Dutch Prime Minister Mark Rutte has become the new Secretary General of NATO. With Russia’s war against Ukraine raging on and Donald Trump’s possible return to the US White House, Rutte faces a tough balancing act between the military alliance’s 32 members and other international partners such as the European Union.
EU-UK: British prime minister in Brussels in pursuit of EU relations reset
In a first visit, UK Prime Minister Keir Starmer met with European Commission President Ursula von der Leyen in an effort to reset the relations between the UK and the European Union. It remained unclear how Britain aims to improve ties with the EU but the Labour prime minister identified migration, among others, as an area for cooperation with the bloc.
European car industry in crisis: Falling sales and competition from China
Slowing the production of cars with internal combustion engines down and at the same time drive the production of cars with electric engines forward – these are the goals set by the European Union and its member states. Despite subsidies for EVs introduced in some countries, sales of electric cars are crashing and the European car market is plunging into crisis.
ECB’s Lagarde hints at further rate cut as inflation moderates
The European Central Bank president stated earlier this week that inflation could soon return to the bank’s target level. The ECB’s mid-term inflation target stands at 2 percent.