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China and the European Union have agreed to discuss the bloc’s restrictions on imports of inverters, a key piece of clean technology, offering potential relief to Chinese firms facing curbs on sales to a major overseas market.
The EU said China agreed to slash millions of hybrid car exports after talks that spanned trade, investment and intellectual property rights. Bloomberg's Minmin Low discusses the implications. (Source: Bloomberg)
Claim marks the first time a UK prime minister has publicly acknowledged Russia's interference in the vote to leave EU.
Britain’s Prime Minister Andy Burnham has said the UK is “clear” there was Russian interference in the Brexit referendum. He said that when he entered No 10 Downing Street a few months ago, he had asked whether Moscow interfered in the 2016 vote on whether to leave the EU and was given “the clear answer that yes there was”. The prime minister said he believes it is important to put this “clearly on the record” to help voters in Germany and France understand that “some of this politics is...
In September, the Jaecoo 7 – a budget SUV from China’s Chery Automobile – made headlines when it shifted more than 10,000 units to become Britain’s bestselling car. Christened the “Temu Range Rover” online, a nod to the cheap goods available on the Chinese online marketplace and the luxury 4X4 made by Jaguar Land Rover that it resembles, its success showed British drivers’ new-found taste for cut-price Chinese cars. Overall, 23 per cent of new cars bought in Britain last month were Chinese...
For decades, French farmers sprayed pesticides they were told were harmless. Many have since fallen ill, grappling with cancers and other diseases caused by exposure. As the EU prepares to vote on a package that would end regular safety reviews of most pesticides, victims, doctors and scientists warn it could keep harmful products on the market for longer.
Another day, another hardline statement from the European Union. This week, the European Parliament voted by a landslide for a significantly tougher China position, despite long-standing Beijing lobbying. The report labels China a “decisive enabler” of Russia, calls for a “continuous” European naval presence and joint exercises in and around the Taiwan Strait, and describes Beijing’s industrial policy as an “existential threat to the EU”. “[T]his parliament can send a clear message: no more...
2020 was an annus horribilis. Covid stalked the land. Lockdowns, curfews and social distancing were the order of the day. But there was a silver lining: European countries showed themselves to be capable of great solidarity, jointly procuring vaccines and then agreeing on a mammoth post-Covid recovery fund, the Recovery and Resilience Facility (RRF). That fund has disbursed €450 billion in grants and loans to EU member states since 2021. As the RRF enters its crucial final phase, we take stock of the situation with Pierre Moscovici, the French member of the European Court of Auditors (ECA).
The European Union and China “reached an understanding” on trade in hybrid electric vehicles during marathon negotiations in Beijing on Friday, China’s commerce ministry said in a statement. Beijing is “willing to continue” fast-tracking licenses for rare earth mineral exports to Europe, while the sides will continue negotiations on reducing tariffs and creating minimum price deals that would allow Chinese electric vehicles to enter the EU market at a lower duty rate, according to the...
The EU removed Panama from its tax havens blacklist on Friday after the country made progress on sharing tax information and reformed a “harmful” regime of exemptions for foreign-source income. Vietnam was also removed after undertaking a series of reforms. The updated list now contains eight “non-cooperative” jurisdictions: American Samoa, Anguilla, Guam, Palau, Russia, Turks and Caicos Islands, US Virgin Islands and Vanuatu. “This update reflects a positive trend in compliance with...
Deborah Elms, head of trade policy at the Hinrich Foundation, says EU-China trade talks face sharp friction over vehicle imports and currency valuations. She warns that with both sides holding key leverage and competing positions, resolving these trade imbalances will be difficult. (Source: Bloomberg)