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Search resuls for: "Bernd von Jutrczenka"


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Christian Lindner (FDP), Federal Minister of Finance, is on his way to a bilateral meeting with US Treasury Secretary Yellen at the headquarters of the World Bank. Bernd von Jutrczenka | Picture Alliance | Getty ImagesGerman carmakers do not have to fear competition from China and are still considered the best in the world, German Finance Minister Christian Lindner told CNBC. "German car manufacturers are world leading, they do not have to fear Chinese competition," Lindner said. Competition in the electric vehicle, or EV, market in China and Europe, as well as the U.S., has been heating up in recent months. This came ahead of Scholz's visit to China earlier this month, during which he warned against unfair competitive and trade practices.
Persons: Christian Lindner, Yellen, Bernd von Jutrczenka, CNBC's Karen Tso, Lindner, China's BYD, Tesla, Janet Yellen, Ursula von der, Wang Wentao, Olaf Scholz Organizations: Federal, of Finance, US, World Bank, Getty, German, CNBC, Washington , D.C, European Union . U.S, Treasury, European Commission, European Union, Commerce, EV, Reuters Locations: China, Washington ,, Europe, U.S, EVs, EU
An element of that strong defense, experts argue, could be one of the cheapest naval tactics: sea mines. Experts say that naval mines could be very useful for stopping China's People's Liberation Army Navy or, at the very least, creating major headaches during an invasion. "Naval mines are such a capability, complementing various other weapons." AdvertisementThat speaks to larger problems naval mines pose. But, additional capabilities would be required to fully employ a naval mine defense.
Persons: , China's, Jonathan Dorsey, Kelly Grieco, Jennifer Kavanagh, Scott Savitz, Bernd von Jutrczenka, Hsu Shu, Dorsey, Grieco, Kavanagh Organizations: Service, Business, China's People's Liberation Army Navy, PLA, RAND, Getty, Second Mining Operations Squadron, Taiwan Locations: China, Taiwan, Baltic, Latvia, Tamsui, Azov, Ukraine, Russia, Taipei
Bernd von Jutrczenka/picture alliance/Getty ImagesAs Russia's war in Ukraine nears its second anniversary, world leaders continue to urge for support and aid in Ukraine. “We have learned, unfortunately, over the two years, this is not only a war against Ukraine, it's a war against the European peace order. United Kingdom Prime Minister Rishi Sunak said the free world must renew its determination to stand behind Ukraine. “When Putin launched his illegal invasion two years ago, the free world was united in its response. And on this grim anniversary, we must renew our determination," Sunak said, according to a statement released late Friday.
Persons: Annalena Baerbock, Bernd von Jutrczenka, Vladimir, Putin, ” Baerbock, Baerbock, Rishi Sunak, , Sunak, Laurent Bili, , Justin Trudeau, Canada’s Organizations: United Nations Security, Ukraine, United Nations, United, Prime, European Union, NATO, Canadian Locations: Ukraine, New York, Here's, Europe, United States, it's, Kyiv, Trudeau, Canada, Russia
Transportation experts say the Paris ban doesn't necessarily mean much for the growth of micromobility. The diverging approaches to rental e-scooters by major cities around the world reflects the technology's chaotic rollout over the last few years and an inability for cities to keep up with sufficient regulations, experts say. Either way, experts say the regulatory environment in Paris and many other places just hasn't been able to keep up. Transportation experts say Paris' ban isn't necessarily reflective of how the public in that city — or any — feels about e-scooters. Despite the setback in Paris, transportation experts say electric vehicles of all sorts, from e-scooters, to e-bikes, to electric buses, are the future of transport in cities around the world.
South Korea posts the worst trade deficit in its history
  + stars: | 2023-02-01 | by ( Jihye Lee | ) www.cnbc.com   time to read: +1 min
05 November 2022, South Korea, Pusan: Containers are loaded from the container freighter "Alula Express" at Busan Newport International Terminal, one of the largest container ports in the world. Photo: Bernd von Jutrczenka/dpa (Photo by Bernd von Jutrczenka/picture alliance via Getty Images)It marked the worst trade deficit since the agency started compiling data in 1956 and far more than the $20.6 billion trade deficit in 1996. South Korea recorded a trade deficit of $47.5 billion for 2022, official data from the customs agency showed. January exports fell $46.3 billion, or 16.6% – declining more than expectations for a drop of 11.3%. That resulted in a deficit of $12.7 billion for January, more than the $9.27 billion expected by economists polled by Reuters.
Ukraine is reportedly slated to receive a US-made Patriot missile defense battery. The US is poised to send Ukraine a Patriot missile defense battery that is already stationed overseas. According to the Center for Strategic and International Studies' Missile Defense Project, it is the primary air and missile defense system that the US has in its arsenal. Patriot missile defense system at Schwesing military airport in Germany on March 17, 2022. A NATO Patriot air defense missile system stands at Slovakia's Sliac air base on April 27, 2022.
NATO now has some 40,000 troops under its direct command in Eastern Europe — 30,000 of them in those eight battlegroups. More than a tripwireUS soldiers at a base in Latvia to support NATO's battlegroup there on February 25. Hungary had refused to accept NATO troops, with its foreign minister saying before Russia attacked Ukraine that Hungary's military could defend the country. Following Russia's invasion, Hungary was persuaded to host a few hundred NATO troops in a battlegroup that it would lead. Accommodating and integrating an influx of NATO troops is not easy, even for countries that are eager to counter Russia.
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