Search Results for: Trade

Press statement by President von der Leyen following the trilateral meeting with French President Macron and President of the People’s Republic of China Xi Jinping

This article is brought to you in association with the European Commission. Good afternoon, Today was the third time I met President Xi in just over one year, and I think this reflects the importance we both attribute to EU-China relations. Once again, we had an open and honest exchange and discussion on points where we […]

Multilateral development banks can bridge the trust gap between emerging economies and private investors

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Christian Klebot, Head of Debt Mobilisation , European Bank for Reconstruction and Development (EBRD) We hear it at every conference (certainly the ones I go to): Emerging markets desperately need more private investment to close the finance gap […]

Albania: €90 million EU financial package for Durrës – Rrogozhina railway upgrade

This article is published in association with European Investment Bank.This article is published in association with European Investment Bank. During High Representative for Foreign Affairs and Security Policy and European Commission Vice-President Kaja Kallas’ official visit to Albania, an EU financial package worth €90.5 million for the reconstruction of the Durrës – Rrogozhina railway section was signed by the European Investment Bank (EIB Global) and the […]

Commission presents EU-Chile agreement to Council for signature authorisation

This article is brought to you in association with the European Commission. The modernised EU-Chile agreement has today taken a step towards ratification, with the Commission sending the Advanced Framework Agreement (AFA) and the Interim Trade Agreement (iTA) to the Council for authorising its signature. Once the Council gives its green light, the EU would sign […]

EBRD supports sustainable real estate redevelopment and repositioning in Greece

This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is investing €21.7 million in the P&E Investments Axiopoiisis & Anaptyxis Akiniton consortium in Greece, alongside Dimand – a longstanding partner of the Bank – and Premia Properties, in exchange for a 20 per cent share of the […]

UN forum calls for overhaul of agrifood systems

ESCAP/Jophel Botero Ybiosa A woman farmer tends to her paddy field in the Batad region of the Philippines.This article is published in association with United Nations. Rising food prices and declining farm incomes are putting increasing pressure on the global food system, with up to 720 million people facing hunger last year, and billions more struggling to afford healthy diets. These numbers point to an even deeper crisis: in 2024, an estimated 2.3 […]

Commission orders recovery of around €14 million in incompatible German State aid from Frankfurt-Hahn airport and Ryanair 

This article is brought to you in association with the European Commission. Today, the European Commission has concluded that three German measures in favour of Ryanair and the Frankfurt-Hahn airport are incompatible with EU State aid rules. Germany must now recover the incompatible aid, including interest. The Commission has also found in separate decision that other public funding measures for Frankfurt-Hahn […]

Joint UN meeting tackles small arms control to foster sustainable development

This article is published in association with United Nations. On Monday, during a meeting of the General Assembly and the Economic and Social Council, UN officials and disarmament experts emphasized the urgent need to tackle the widespread issue of small arms and light weapons. They warned that the stakes are higher than ever in a world […]

The first 10 years of the Belt and Road Initiative (BRI): Can a China-led global economy balance out Washington’s imperialism and find the world’s equilibrium?

Yesterday, the third Belt and Road Forum for International Cooperation (BRF) concluded in Beijing, with the attendance of officials from 130 countries, including heads of state and the Secretary General of the United Nations, Antonio Gutteres. China presented the accomplishments of the BRI around the world during the past decade nurturing global growth. The third […]

EU introduces customs duties on low-value e-commerce packages

EU introduces customs duties on low-value e-commerce packagesThis article is brought to you in association with the European Commission. The Commission welcomes today’s decision by EU Member States to introduce a €3 customs duty per item on e-commerce parcels valued below €150, starting in July 2026. The new duty will help protect the competitiveness of European businesses by levelling the playing field between e-commerce and traditional retail.   Given the rapid increase in e-commerce goods being imported into the […]

Why recycling metal is an opportunity too good to waste

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Nick Pickens, Research Director, Global Mining, Wood Mackenzie, Julian Kettle, Senior Vice President, Vice Chair Metals and Mining, Wood Mackenzie A scrap revolution is coming. Extraordinary demand growth for energy-transition metals will underpin significant investment in recycling. There […]

EU and Kenya conclude negotiations for an ambitious Economic Partnership Agreement with strong sustainability provisions

This article is brought to you in association with the European Commission. The EU and Kenya have announced today the political conclusion of the negotiations for an Economic Partnership Agreement (EPA). The Agreement will boost trade in goods and create new economic opportunities, with targeted cooperation to enhance Kenya’s economic development. It is the most ambitious […]

The state of global business activity, and other economic news to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Forum Agenda This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: Economic opportunities for LatAm; Global business activity slows; Food commodity prices fall. 1. Economic opportunities […]

What is a geopolitical recession and how could we avoid one? 

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Spencer Feingold, Digital Editor, Public Engagement, World Economic Forum, Simon Torkington, Senior Writer, Forum Agenda The financial crash of 2008 and the business shocks of the COVID-19 pandemic gave the world unwelcome reminders of how painful a classic economic recession […]

EU-US Trade and Technology Council: strengthening our renewed partnership in turbulent times

This article is brought to you in association with the European Parliament. The EU and the US have today reaffirmed their close cooperation to address global trade and technology challenges in line with their shared commitment to democracy, freedom and human rights. Meeting at the second Ministerial Meeting of the Trade and Technology Council (TTC) in […]

Strategic Dialogue on the Future of the European Automotive Industry will be launched on 30 January

The Commission today presented the Automotive Package to support the sector's efforts in the transition to clean mobility. It sets an ambitious yet pragmatic policy framework to ensure 2050 climate neutrality and strategic independence while providing more flexibility to manufacturers. It also responds to calls by EU industry to simplify rules. The automotive sector has been key to Europe's industrial strength for decades, sustaining millions of jobs and driving technological innovation. As the world is changing, the car industry is transforming through new technologies and actors. Today's package maintains a strong market signal for zero-emission vehicles (ZEV) while giving the industry more flexibility to achieve CO2 targets, and supports vehicles and batteries made in the European Union. The corporate vehicles initiative will support the uptake of zero- and low-emission vehicles. The automotive omnibus enhances competitiveness by saving costs, expected to be approximately €706 million per year, and cutting red tape, while providing greater investment certainty. Commission President von der Leyen said: “Innovation. Clean mobility. Competitiveness. This year, these were top priorities in our intense dialogues with automotive sector, civil society organisations and stakeholders. And today, we are addressing them all together. As technology rapidly transforms mobility and geopolitics reshapes global competition, Europe remains at the forefront of the global clean transition.” Staying the course towards clean mobility with pragmatism The Commission presents a package that addresses both supply and demand of the automotive sector's transition: on the supply side, it presents a review of the existing CO2 emission standards for cars and vans and a targeted amendment to those for heavy-duty vehicles (HDVs). On the demand side, it proposes an initiative to decarbonise corporate vehicles with binding national targets for zero- and low-emission vehicles. The CO2 standards now provide further flexibilities to support the industry and enhance technological neutrality, while providing predictability to manufacturers and maintaining clear market signal towards electrification. From 2035 onwards, carmakers will need to comply with a 90% tailpipe emissions reduction target, while the remaining 10% emissions will need to be compensated through the use of low-carbon steel Made in the Union, or from e-fuels and biofuels. This will allow for plug-in hybrids (PHEV), range extenders, mild hybrids, and internal combustion engine vehicles to still play a role beyond 2035, in addition to full electric (EVs) and hydrogen vehicles. Prior to 2035, car manufacturers will be able to benefit from “super credits” for small affordable electric cars made in the European Union. This will incentivise the deployment on the market of more small EV models. For the 2030 target for cars and vans, additional flexibility is introduced by allowing “banking & borrowing” for 2030-2032. An additional flexibility is granted for the vans segment, where the electric vehicle uptake has been structurally more difficult, with a reduction of the 2030 CO2 vans target from 50% to 40%. The Commission is also proposing a targeted amendment to the CO2 emission standards for heavy-duty vehicles with a flexibility easing the compliance with the 2030 targets. Regarding corporate vehicles, mandatory targets are set at the Member State level to support the zero- and low-emission vehicle uptake by large companies. Having more zero- and low-emission vehicles on the market, both first- and second-hand markets – will benefit all customers. As companies' cars cover higher yearly mileages, it also means more emission reductions. It will also make zero- or low- emissions and “Made in the EU” a pre-requisite for vehicles benefitting from public financial support. Strengthening Europe's own battery industry With €1.8 billion, the Battery Booster will accelerate the development of a fully EU-made battery value chain. As part of the Battery Booster, €1.5 billion will support European battery cell producers through interest-free loans. Additional targeted policy measures will support investments, create a European battery value chain and foster innovation and coordination across Member States. These measures will enhance the cost competitiveness of the sector, secure upstream supply chains and support sustainable and resilient production in the EU, contributing to the derisking from dominant global market players. Less red tape and stronger enabling conditions for the transition The Automotive Omnibus will ease administrative burden and cut costs for European manufacturers, boosting their global competitiveness, and freeing up resources for decarbonisation. Businesses are expected to save approximately €706 million per year, bringing the administrative savings thanks to all omnibuses and simplification initiatives the Commission has presented so far to around €14.3 billion per year. Among other things, it proposes to reduce the number of secondary legislation that will be adopted in the upcoming years and to streamline testing for new passenger vans and trucks. This will reduce costs while maintaining highest environmental and safety standards. The roll-out of electric vans in domestic transport is supported by measures that place them on an equal footing with internal combustion vans regarding drivers' rest times and rules. The Omnibus also introduces a new vehicle category under the Small Affordable Cars initiative, covering electric vehicles up to 4.2 meters in length. This will enable Member States and local authorities to develop targeted incentives, stimulating demand for small EVs made in the EU. The Commission is also updating and harmonising car labelling rules, for customers to have complete information about the cars' emissions when making purchases. Background Today's proposals build on the Automotive Action Plan, and input from industry and key stakeholders gathered during the Strategic Dialogue under President von der Leyen's leadership since January 2025. In January 2025, President von der Leyen launched a Strategic Dialogue on the Future of the Automotive Industry, bringing together industry representatives, social partners, Member States, regions and civil society. Three Dialogue meetings have taken place to date, providing a platform to discuss the challenges and opportunities the sector faces. For more information Questions and answers Factsheet - Taking action for a clean and competitive European automotive sector Factsheet – Revision of the CO2 standards and Corportate vehicles Proposal Automotive Package – webpage (all proposals will be available) Automotive Action Plan – webpage Clean Industrial Deal Net-Zero Industry ActThis article is brought to you in association with the European Commission. As announced by President Ursula von der Leyen to the European Parliament on November 27, 2024, the European Commission is launching a Strategic Dialogue with the European automotive industry, social partners and other key stakeholders on 30 January. This initiative underscores the Commission’s commitment to safeguarding […]

European Parliament spotlights disability rights

Aysu Gurbanlı is an 18-year-old Azerbaijani medical student, born in Istanbul and currently based in Baku.This article is brought to you in association with the European Parliament. Taking place from 2-6 December, Disability Rights Week will advocate for the rights of people with disabilities, and for their voices to be heard. Coinciding with the International Day of Persons with Disabilities on 3 December, Disability Rights Week will include Parliament committees across […]

While Blinken blinks on betterment of US-China relations, the EU promulgates Cold War II?

What is striking is that the US and EU don’t seem aligned at this point in time. Blinken’s recent visit in Beijing went super well creating fertile ground for catching up US-China relations and making them stronger, with both sides leaving ample space for betterment and restoration of the fragile ties of the world’s biggest […]

Davos 2024: Here’s the impact on-ground across AI, climate, growth and global security

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Pooja Chhabria, Digital Editor, World Economic Forum, Sophia Akram, Writer, Forum Agenda Davos 2024, the recently concluded Annual Meeting of the World Economic Forum in Switzerland, cut across four ambitious themes dominating today’s global landscape: Achieving Security and Cooperation in a […]

EU welcomes final ruling of Arbitration Tribunal on EU-UK sandeel dispute

This article is brought to you in association with the European Commission.This article is brought to you in association with the European Commission. The European Commission welcomes the final ruling by the Arbitration Tribunal, established under the EU-UK Trade and Cooperation Agreement (TCA) to settle the EU-UK sandeel dispute, which agreed with the EU’s interpretation of several key issues. The Arbitration Tribunal’s ruling provides clarity on the […]

Multilateralism: What is it, and why does it matter?

This article is published in association with United Nations. Multilateralism is a term frequently used at the United Nations, but it’s not a concept that is only relevant to the corridors and conference rooms where international diplomacy takes place. Beyond the UN, it affects people’s daily lives in many ways. It helps reduce conflicts, grow our […]

Carbon intensity: This overlooked metric is key to the green transition

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Hannah Hauman, Global Head, Carbon Trading, Trafigura Group, Bassam Fattouh, Director, Oxford Institute for Energy Studies; Professor, School of Oriental and African Studies, Tatsuya Terazawa, Chairman and Chief Executive Officer, The Institute of Energy Economics, Japan Not all commodities are created […]

New recombinant mpox strain detected in UK and India, WHO urges continued monitoring

© CDC/Cynthia S. Goldsmith, Russell Regnery Mpox (previously known as monkeypox) is a viral disease caused by an orthopoxvirus called monkeypox virus (MPXV).This article is published in association with United Nations. The detection of a newly identified recombinant mpox virus containing genetic material from two known strains underscores the need for continued genomic surveillance, the UN World Health Organization (WHO) said on Saturday, as the overall global public health risk assessment remains unchanged. WHO confirmed that two cases […]

Parliament approves €90 billion Ukraine support loan package

MEPs approve “enhanced cooperation” for €90 biThis article is brought to you in association with the European Parliament. MEPs voted in favour of three pieces of legislation to make a €90 billion EU loan available for Ukraine as it faces Russia’s continued war of aggression. On Wednesday Parliament adopted a package of proposals aimed at supporting Ukraine with a €90 billion EU […]

EBRD, BNP Paribas Finansal Kiralama join forces for green push

This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Türkiye’s BNP Paribas Finansal Kiralama for gender-responsive on-lending to sub-borrowers that are making green economy investments in areas such as energy efficiency, renewable energy and climate resilience. The loan is being issued under […]

Commission annual report on Single Market and competitiveness calls for joint action in light of unprecedented challenges

This article is published in association with European Investment Bank.This article is brought to you in association with the European Commission. Today, the European Commission adopted the 2026 Annual Single Market and Competitiveness Report, the sixth in an annual series, evaluating the functioning of the Single Market and assessing the conditions for businesses to innovate, grow, and compete while delivering sustainable prosperity for European citizens. […]

EU-Canada Summit 2023 – Joint Statement

This article is published in association with European Investment Bank.This article is brought to you in association with the European Commission. I. Building a more prosperous, secure, and sustainable future 1. We, the leaders of Canada and the European Union (EU), met today in St. John’s, Newfoundland and Labrador to reaffirm our strategic partnership, advance our cooperation to seize the opportunities of our time and […]

The forgotten economics of EU enlargement

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mirek Dušek, Managing Director, World Economic Forum, Andrew Caruana Galizia, Deputy Head of Europe and Eurasia, World Economic Forum Two decades since the European Union’s “big bang” enlargement in 2004, the bloc’s long-stalled ambition to accept new members has experienced […]

MEPs propose stricter rules on dog and cat welfare and traceability  

This article is brought to you in association with the European Parliament. The draft law approved by Parliament on Thursday lays down the first ever minimum EU standards for the breeding, housing, and handling of cats and dogs. MEPs want all dogs and cats kept in the EU to be individually identifiable with a microchip. They […]

‘Reparatory justice’ key to ending racism against Africans and their descendants

This article is published in association with United Nations. Governments, academia and other stakeholders must “double down on delivering reparatory justice” for people from the African diaspora, the UN human rights office, OHCHR, said in a report published on Wednesday.  Doing so is key to dismantling systemic racism that is rooted in legacies of slavery and […]

‘Reparatory justice’ key to ending racism against Africans and their descendants

This article is published in association with United Nations. Governments, academia and other stakeholders must “double down on delivering reparatory justice” for people from the African diaspora, the UN human rights office, OHCHR, said in a report published on Wednesday.  Doing so is key to dismantling systemic racism that is rooted in legacies of slavery and […]

EIB Group showcases progress of European Tech Champions Initiative boosting European scale-ups at event in Madrid

This article is published in association with European Investment Bank. The EIB Group outlined the progress of the European Tech Champions Initiative (ETCI) – the fund of funds promoted by the European Union and participating EU Member States to foster the growth of cutting-edge technology startups with high growth potential (scale-ups) – today in Madrid. This […]

Commission approves €61 million Belgian rescue aid for Lineas Group

This article is brought to you in association with the European Commission.This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a Belgian €61 million rescue loan to rail freight operator Lineas Group SA/NV. In parallel, following a complaint the Commission received from a stakeholder, it has concluded that two past measures relating to Lineas […]
Go back up

The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology – europeansting.com