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☆ EU Commission head von der Leyen elected for second term
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: +2 min

Ursula von der Leyen reacts after being chosen President of the European Commission for a second term, at the European Parliament in Strasbourg, France, July 18, 2024. European Commission President Ursula von der Leyen was elected for a second term on Thursday after pledging to create a continental "defence union" and stay the course on Europe's green transition while cushioning its burden on industry. It will decide whether we shape our own future or let it be shaped by events or by others," von der Leyen said ahead of a secret ballot on her candidacy. Von der Leyen, a centre-right former German defence minister, pledged to create "a true European Defence Union", with flagship projects on air and cyber defence. Von der Leyen also promised a raft of climate policies including a legally-binding EU target to cut emissions 90% by 2040, compared to 1990 levels.

Persons: Ursula von der Leyen, von der, von der Leyen, Von der, Von der Leyen, Viktor Orban's, Vladimir Putin, Donald Trump Organizations: European Commission, Green, Russia, European Defence Union, Hungarian, Defence, NATO, U.S Locations: Strasbourg, France, Ukraine, Moscow, Europe, United States

☆ Europe's climate ambitions thrown into doubt as Green vote collapses
▼ + stars: | 2024-06-10 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

That's significantly lower than the 71 seats the Greens/EFA secured when the green faction enjoyed its strongest ever showing five years ago. Nationalist and far-right parties — traditionally skeptical of climate issues — have also been vocal critics of green policies. Bas Eickhout Lead candidate for the Green PartyBas Eickhout, lead candidate for the Green Party, said that support for the far-right parties across the bloc could jeopardize Europe's progress on climate action. Green Deal 'cannot go back'Ahead of the vote, researchers warned that the outcome of the European elections was likely to put significant pressure on the European Green Deal, the region's showcase carbon neutrality program. Which means [the] Green Deal cannot go back, but we are prepared to give it this additional twist, which is a Green Deal, but taking care of the transitions," Marques told CNBC's Silvia Amaro.

Persons: Emmanuel Macron, —, we're, Eickhout, CNBC's Silvia Amaro, Ricarda Lang, Grünen, Terry Reintke, Omid, Reintke, Pedro Marques, Marques, Jorg Asmussen, Asmussen, CNBC's Annette Weisbach, John Macdougall Organizations: Afp, Getty, European Free Alliance, Greens, EFA, Democracy, European Union, European Conservatives, Social Democrats, Free Democrats, French, Union, Nationalist, Bas Eickhout, Green Party, Green, Green Deal, Socialist, Democrats Group, German Insurance Association Locations: The Hague, Germany, Austria, France, Bas, China, United States, Europe, European, Berlin's Columbiahalle, Denmark, Netherlands, Sweden, Finland, Croatia, Latvia, Slovenia, Lithuania, EU, den Linden, Berlin

☆ The right-wing surge in EU Parliament could have implications for Europe and beyond
▼ + stars: | 2024-06-09 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Right-wing parties across Europe have seen a surge in support over recent years and are set for record gains in the 2024 European Parliament elections. Meanwhile, an emboldened ID party could apply pressure on Parliament to alter its stance on other contentious issues. Here's a look at how these shifts could impact EU policy. "The incoming Commission and Parliament are likely to continue the trend towards greater protectionism and intervention in strategic industries, although the EU will remain an open, trade-dependent economy," they wrote. EU enlargementElsewhere, enlargement of the EU could face further setbacks with a larger euroskeptic presence in Parliament.

Persons: Sean Gallup, Armida van Rij, Chatham House thinktank, Verisk, Mario Bikarski, Laurent Balt, van Rij, Dorien Rookmaker, Balt Organizations: Getty, Populist, Sunday, Greens, European Free Alliance, European People's Party, EPP, European Conservatives, Eurasia Group, Chatham House, CNBC, Immigration, Citi, ECR, EU Locations: Europe, Ukraine, Russia, China, U.S

☆ EU elections: How Russian trolls are meddling in the world’s second-biggest democratic vote
▼ + stars: | 2024-06-04 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +11 min

There is a focus on fake stories to influence attitudes on subjects like the wars in Ukraine and Gaza. But for the past year, the climate crisis has been the second-most targeted subject, according to the European Digital Media Observatory (EDMO). Official statistics, however, tell a different story: In 2022, renewables accounted for 23% of the energy consumed in the EU. The EU is considered a global leader in tackling planet-heating pollution, but climate disinformation could undermine the bloc’s ambitious goal to reduce carbon emissions by 90% by 2040, compared with 1990 levels. Its community standards policy in the past had only targeted video, but in April, it was expanded to include audio.

Persons: Morgan Wright, “, streetlights, Paula Gori, ”, Gori, EU DisinfoLab, Wright, Gaizka Iroz, they’ve, “ They’ve, ” Gori, Pallavi Sethi, ’, —, Facebook —, ” Wright Organizations: CNN, European Union, EU, Guardian, Bild, European Digital Media, Facebook, Getty, West, Grantham Research, London School of Economics, stoke, Services, European, Meta Locations: European, Russia, United States, United Kingdom, American, Europe, Germany, Ukraine, Gaza, EU, Spain, France, Biriatou, AFP, Africa, Asia, industrializing, Gori, Italy, Croatia, Poland, England, Grantham, Prague, Russian, Slovakia, Moscow

☆ EU Commission unveils a plan to slash emissions by 90%. Can it deliver?
▼ + stars: | 2024-02-06 | by ( Angela Dewan | ) edition.cnn.com time to read: +6 min

The announcement will kick off months of talks that could take up to a year before the European Parliament rubber stamps the target. The European Greens — a faction of environmentally conscious lawmakers from several countries — are expecting big losses in the vote, after making sweeping gains in the 2019 election. “We’re looking at a European Parliament that is more in favor of regulatory freedom for member states,” Dufour said. The Greens had been successful in achieving a strong climate agenda through the EU parliament, he added. She said new conservative or even far-right lawmakers may also back some ambitious climate policies because so many make sense in terms of economics and security, as well.

Persons: —, Wopke Hoekstra, Andreas Solaro, Manon Dufour, ” Dufour, Dufour, Bas Eickhout, ”, Eickhout, Olivier Chassignole, ” Eickhout, I’m, Linda Kalcher, Kalcher Organizations: CNN, European Commission, EU, Parliament, European Greens —, Getty, Conservative, European People’s Party, EPP, Deal, European Greens, Greens, European Greens Party, ”, Green Locations: Lugo , Italy, AFP, Brussels, Bas, Dutch, Lyon, France, Brussel, Ukraine

☆ Farmers’ protests have erupted across Europe. Here’s why
▼ + stars: | 2024-02-03 | by ( Sophie Tanno | Chris Liakos | ) edition.cnn.com time to read: +10 min

This week, the farmers’ protests struck at the heart of the European Union, when they rolled into Brussels on Thursday as leaders held a major summit on Ukraine. The EU has waived quotas and duties on Ukrainian imports in light of Russia’s invasion of Ukraine. “In Germany, it was really focused on diesel, so starting to tax diesel for tractors. France this week announced a series of measures for farmers in light of the protests. This has already been seen in Germany, when the far-right Alternative for Germany (AfD) involved itself in the protests and expressed solidarity with the farmers.

Persons: ”, Sebastien Bozon, Kay Nietfeld, Hugo Auge, Chancellor Olaf Scholz’s, Dimitar Dilkoff, Emmanuel Mathé, “, we’re, Anger, Renaud Foucart, Sakis Mitrolidis, Stefano Guidi, Gabriel Attal, Attal, Ursula von Der Leyen, Rob Engelaar Organizations: CNN — Farmers, CNN, European Union, Toulouse, BFMTV, Getty Images Farmers, AP, Farmers, Getty, ” Farmers, EU, Lancaster University, Deal, Green, European Commission, French, Farmer, Citizen Locations: Europe, Paris, France, Italy, Spain, Romania, Poland, Greece, Germany, Portugal, Netherlands, Eastern Europe, EU, Brussels, Ukraine, Zandvliet, Meer, Lyon, Vesoul, AFP, Berlin, Thessaloniki, Spanish, Hamburg, Cologne, Bremen, Nuremberg, Munich, Eastern, Bulgaria, Yvelines, French, Noisy, Seine et Marne, England, Novara, Belgium, Arendonk, Dutch

☆ The EU has to improve engagement with citizens: European Commission official
▼ + stars: | 2024-01-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe EU has to improve engagement with citizens: European Commission officialMaroš Šefčovič, European Commission executive vice president for European green deal, discusses how the bloc should tackle the geopolitical and economic challenges of 2024.

Persons: Maroš Organizations: European

☆ EU's von der Leyen to attend Britain's AI summit
▼ + stars: | 2023-10-27 | by ( Martin Coulter | ) www.reuters.com time to read: +2 min

Ursula von der Leyen, president of the European Commission, and Vera Jourova, a vice president, will attend the summit, according to an update to their official calendars published on Friday. While Sunak hopes to secure Britain's role as a world leader in AI regulation, some have questioned what the summit will achieve in practice. Last week, Bloomberg reported a number of world leaders - including Germany's Olaf Scholz and Canada's Justin Trudeau - would not be attending. While several world leaders, including U.S. Vice President Kamala Harris, are expected to attend the summit, the full guest list has not been made public. Matt Clifford, a tech investor and one of two chief organisers of the event, recently told Reuters the aim of the summit was to kickstart international dialogue on AI regulation.

Persons: Ursula von der Leyen, Vera Jourova, Rishi Sunak, Alan Turing, Sunak, Germany's Olaf Scholz, Canada's Justin Trudeau, Kamala Harris, Matt Clifford, Clifford, We're, Martin Coulter, Christina Fincher, Sharon Singleton Organizations: U.S, European Commission, British, Bletchley, Bloomberg, Reuters, Thomson Locations: England

☆ Time is ripe for another push on carbon pricing
▼ + stars: | 2023-10-24 | by ( Hugo Dixon | ) www.reuters.com time to read: +8 min

Other technologies, such as green hydrogen and carbon capture, are still a long way from maturity. Around 50 countries have some form of carbon price, double the number 10 years ago, and another 23 countries are planning to introduce one. The snag is that China’s carbon price is low and the United States doesn’t have a federal levy. Others argue that governments should combine carbon pricing with financial support for the most vulnerable and targeted subsidies for fledgling technologies. To hit climate targets, the carbon price would need to be $135 a tonne in advanced economies and $45 a tonne in large emerging ones by 2030.

Persons: Jin Mao, Aly, Joe Biden’s, There’s, Rishi Sunak, Michael Jacobs, it’s, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Financial, REUTERS, Reuters, International Energy Agency, European Union, Global, International Monetary Fund, Reuters Graphics Reuters, British, Pew Research, University of Sheffield, IMF, Africa Climate, United, European, Climate Leadership Council, Thomson Locations: Shanghai, Pudong, China, United States, Paris, Africa, European Union, U.S

☆ Umicore, Volkswagen present Ionway battery parts joint venture
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 6 (Reuters) - The $2.9 billion battery parts joint venture between Volkswagen's (VOWG_p.DE) PowerCo and Belgian materials firm Umicore will be called Ionway, the companies said on Friday. Through the joint venture, first flagged in December 2021, the companies are joining a number of European automakers that have brought battery supplies closer to home in the shift towards electric vehicles. "The founding of Ionway sends a strong signal for the rollout of battery cell technology in Europe. We are convinced that this company will provide some important building blocks with which the European Union can implement its Green Deal goals," said Ionway Chief Executive Thomas Jansseune. Ionway is intended to supply PowerCo's European battery cell factories with key battery materials and cover a large portion of PowerCo's needs in the European Union.

Persons: PowerCo, Ionway, Thomas Jansseune, Umicore, Miranda Murray, Friederike Heine Our Organizations: European Union, Deal, Thomson Locations: Volkswagen's, Europe

☆ Would-Be EU Climate Policy Chief Seeks Green Light From Lawmakers
▼ + stars: | 2023-10-02 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

But lawmakers want to test him - particularly those from left-leaning groups that have recently clashed with centre-right lawmakers seeking to weaken some green policies. "We must ensure that the Commission sticks to its commitments on the Green Deal and avoids backsliding as right-wing politicians up their attacks on climate policies," Green lawmaker Philippe Lamberts said. Some lawmakers have questioned whether his previous roles equip him to lead climate policy. It is not uncommon, however, for EU commissioners to take on new portfolios and work with the EU civil service to master them. "I've met with him on the areas that I work on, and I've been very impressed," one EU official said.

Persons: Kate Abnett BRUSSELS, Wopke Hoekstra, Hoekstra, Ursula von der, Philippe Lamberts, I've, Kate Abnett, Kevin Liffey Organizations: European Commission, Green, Shell, EU Locations: Dutch, Europe, China, United States, Netherlands

☆ EU Commission VP says EV competition must be 'free but fair'
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU Commission VP says EV competition must be 'free but fair'Maroš Šefčovič, European Commission VP of the Green Deal, discusses pushback against the EU's green agenda and the China EV anti-subsidy probe announced last week.

Organizations: Email EU, European, Green, China EV Locations: China

☆ Opinion: My 12-year-old son is cutting school… and I couldn’t be prouder
▼ + stars: | 2023-09-12 | by ( Opinion Paul Hockenos | ) edition.cnn.com time to read: +7 min

Berlin CNN —My 12-year-old son is cutting school on September 15 — an act of non-violent civil disobedience that his mother and I approve of entirely. Then-15-year-old Swedish student Greta Thunberg leads a school strike in Stockholm, 2018. Irish schools students demand immediate action on climate change during the "Global School Strike for Climate Action" march from St Stephen's Green to Leinster House in 2019. An array of climate activist groups surged in the slipstream of the global climate strikes, and now campaign on their own and together with it. The majority must mobilize and the global climate marches are one, high-profile, legitimate way to do it.

Persons: Paul Hockenos, ”, Paul Hockenos Hayyan, Greta Thunberg, Michael Campanella, Essien, ” They’ve, Stephen's Green, Artur Widak, — Organizations: CNN, Berlin CNN, Leinster House, Deal, Biden, Future, Entrepreneurs for Future, Twitter, Facebook Locations: Berlin, Europe, New Berlin, Stockholm, Sweden, Montana, Stephen's, Germany, California, Greece

☆ Europe has dodged Putin’s gas bullet. But it’s still thirsty for cheap energy
▼ + stars: | 2023-09-07 | by ( Luke Mcgee | ) edition.cnn.com time to read: +9 min

For Europe, energy security has always been a trade-off: Cheap, imported energy comes with the risk of dependency on the countries from which it originates. Europe had an especially mild winter while governments and citizens made a concerted effort to use less gas. Despite these efforts, officials and analysts are fearful that however impressive these advancements have been, Europe’s energy is far from secure in the long term. And when it comes to energy security, dependency ultimately brings us back to that classic trade-off: economics versus risk. China is not the only threat when it comes to energy security in Europe.

Persons: guzzled, Vladimir Putin, –, Sean Gallup, Koen van Weel, ”, Milan Elkerbout, Kevin Frayer, Ursula von der Leyen, Von der, Adam Bell, it’s, Ursula von der, Yves Herman, Velina Tchakarova, ” Tchakarova Organizations: CNN, Ukraine, European Union, EU, Getty, Center for European Policy Studies, China . Workers, China Locations: Ukraine, Europe, Russia, Moscow, European, Lubmin, Germany, Port, Rotterdam, Netherlands, Qatar, Nigeria, China, Huainan, Anhui province, Brussels, Beijing, Belgium, Taiwan, cyberattacks . China, Saudi Arabia, Khazakstan, Libya

☆ Dutch pick for EU climate job to face tough hearing
▼ + stars: | 2023-08-25 | by ( Kate Abnett | ) www.reuters.com time to read: +3 min

Hoekstra needs to win a positive assessment from the EU Parliament and pass a potentially close vote in the assembly with majority support. If appointed, Hoekstra is expected to assume responsibility for climate change policies in the EU Commission. He belongs to the Dutch Christian-Democratic CDA party, part of the European People's Party group in the EU Parliament. Bas Eickhout, a Green EU lawmaker, said Hoekstra would need to prove his commitment to Europe's climate change agenda. He'll have a tough time convincing the European Parliament that he's the right man for the job," said Paul Tang, a Dutch Socialist member of the EU Parliament.

Persons: Wopke Hoekstra, Hoekstra, Frans Timmermans, Timmermans, Maros Sefcovic, Eickhout, Hoekstra's, Paul Tang, Kate Abnett, Bart Meijer, Giles Elgood Organizations: EU, Parliament, Dutch Christian, Democratic CDA, European People's Party, EPP, EPP Group, Green Deal, European, Socialist, Dutch Finance, Socialists, Thomson Locations: BRUSSELS, Netherlands, Dutch, Europe, EU, The Hague, New EU, Bas, Southern Europe, Spain, Italy

☆ European Climate Czar Steps Down to Take Part in Dutch Elections
▼ + stars: | 2023-08-22 | by ( Claire Moses | More About Claire Moses | ) www.nytimes.com time to read: 1 min

Frans Timmermans, the European Union’s climate chief, will leave his position in Brussels to become a candidate in coming elections in the Netherlands, the European Commission announced on Tuesday. Mr. Timmermans’s immediate departure comes as the European Union is focusing on meeting climate goals, reducing emissions on the continent as well as transitioning to clean energy. Mr. Timmermans served as the executive vice president for the European Green Deal, a set of proposals that aims to make the E.U.’s climate, energy, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55 percent by 2030, compared with 1990 levels. Last month, European lawmakers approved a key element of the Green Deal that would require member nations to restore 20 percent of natural areas within their borders on land and at sea.

Persons: Frans Timmermans, Timmermans’s, Timmermans Organizations: European Commission, European Union, Green Deal, Green Locations: Brussels, Netherlands

Poland's government, which faces October elections, is even suing Brussels over climate policies. Britain has already quickly gone from being a leader on the world stage to looking quite weak on green policies, he said. CITIZENS, BUSINESSESEurope's green policies are still more credible than U.S. ones, given see-sawing between electoral cycles in the United States, some analysts said. Rows over green policies have propelled right-wing populist parties to second place in both Dutch and German polls. "Otherwise citizens might start to feel that climate policy is always financially overwhelming and bad, and that sentiment is then exploited by populists."

Persons: Timm Reichert, Virginijus Sinkevicius, Sinkevicius, Anna Moskwa, Nathalie Tocci, Mats Engström, GREEN, Bob Ward, Ward, Rishi Sunak, Rob Jetten, Nina Scheer, Simone Tagliapietra, Tagliapietra, Kate Abnett, Sarah Marsh, Gloria Dickie, Anthony Deutsch, Angelo Amante, Pawel, Susanna Twidale, William James, Alexnder Smith Organizations: REUTERS, European Union, Reuters, European People's Party, European Council, Foreign, United States, Grantham Research, London School of Economics, Political, Climate, Energy, Democrats, Thomson Locations: Gruenberg, Germany, EU, BERLIN, BRUSSELS, Netherlands, Brussels, Europe, United States, Grantham, India, China, Britain, Berlin, London, Amsterdam, Rome, Warsaw

The extreme heat is prompting violent typhoons in Asia and flash floods in the United States. But to the pragmatist, extreme heat is the new normal. The good news: Investors are spending big on climate projects. Global warming helps make periods of extreme heat more frequent, longer and more intense, and it will continue getting worse unless humans essentially stop adding carbon dioxide to the atmosphere, scientists say. “There’s been huge, huge progress” in developing green technologies and bringing down their costs, said Bella Tonkonogy, the U.S. director of Climate Policy Initiative whose funders include the Bloomberg Foundation and the German government.

Persons: it’s, El Niño, Carl, Friedrich Schleussner, ” “, ”, DealBook, “ There’s, Bella Tonkonogy Organizations: Analytics, Global, Venture, Initiative, Biden, Bloomberg Foundation Locations: Asia, United States, Berlin, U.S

☆ EU climate chief Timmermans to run in Dutch election
▼ + stars: | 2023-07-20 | by ( Tosterling Kate Abnett | Kate Abnett | ) www.reuters.com time to read: +2 min

AMSTERDAM/BRUSSELS, July 20 (Reuters) - EU climate chief Frans Timmermans on Thursday said he wants to become the next Dutch prime minister and will contest a parliamentary election in the Netherlands in November. The four-party coalition government of Dutch Prime Minister Mark Rutte resigned earlier this month after failing to reach an agreement on restricting immigration, triggering a vote on Nov. 22. Timmermans had been tipped as a top candidate to lead the Dutch parties following his campaign for European social democrats in the 2019 European election, which was widely regarded as a success. Timmermans, who speaks English, German, French, Italian and Russian in addition to his native Dutch, is known as a skilled negotiator during international climate negotiations and his departure from EU politics will cause shockwaves. How well he may perform in Dutch politics is an open question, but a poll published on Thursday indicated that 39% of Dutch voters said they trusted him to lead the next government.

Persons: Frans Timmermans, Mark Rutte, Timmermans, Rutte, Toby Sterling, Kate Abnett, Bart Meijer, Andrew Cawthorne, Bernadette Baum, Alex Richardson Organizations: Dutch, Labour, Green Left, Labour and Green Left, de Volkskrant, EU, Thomson Locations: AMSTERDAM, BRUSSELS, Netherlands, EU, Dutch, Timmermans, Rutte's, Limburg, Brussels

☆ EU has to come clean on costs of green transition
▼ + stars: | 2023-07-18 | by ( Pierre Briancon | ) www.reuters.com time to read: +8 min

European Union governments have agreed on the strategy, but they tend to paper over the short-term economic costs of the green transition. French economist Jean Pisani-Ferry has compared the impact of the green transition to an economic shock equivalent to the sharp spikes in oil prices in the 1970s. But unlike previous shocks triggered by geopolitical instability or trade wars, the green transition has been initiated and managed by governments, and largely financed by them. Germany looks like the country most able to afford the green transition, but its over-emphasis on regulation on environmental matters is running into fierce opposition. On Sunday Paolo Gentiloni, the EU economy commissioner, told the Financial Times that Europe will have to fund its own industrial green transition.

Persons: Jean Pisani, won’t, Pisani, Selma Mahfouz, Paolo Gentiloni, Bruno Le Maire, Christian Lindner, Keir Starmer, –, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Union, Reuters Graphics Reuters, International Energy Agency, Ferry, Social Democrats, Greens, Opposition, Financial Times, French Finance, German, Labour Party, Twitter, Southern, European Commission, Deal, Zero, Thomson Locations: Europe, France, Italy, Germany, EU, Paris, Southern Europe, Spain, Greece

Lawmakers and member countries will now negotiate the final text, aiming for a deal before EU Parliament elections in 2024. REUTERS/Pascal Rossignol"Restoring nature brings numerous benefits to farmers," EU lawmaker Mohammed Chahim said. Lawmakers and scientists have rejected the EPP's claims, accusing the group of using misinformation to court votes ahead of EU Parliament elections next year. "This is a law on behalf of nature, not against any person whatsoever." EU lawmakers voted earlier this week to weaken another law to cut pollution from farms.

Persons: Cesar Luena, Manfred Weber, Remy, Pascal Rossignol, Mohammed Chahim, Luena, Greta Thunberg, Kate Abnett, Marine Strauss, Bart Meijer, Charlotte Van Campenhout, Mark Potter, Devika Syamnath, Ed Osmond Organizations: European, European People's Party, EPP, EU Parliament's, REUTERS, EU, Thomson Locations: BRUSSELS, Europe, Neuville, France, Brussels

☆ Siemens to invest $2.2 bln to ramp up global production
▼ + stars: | 2023-06-15 | by ( John Revill | ) www.reuters.com time to read: +3 min

[1/4] Siemens CEO Roland Busch announces their plans for a new Singapore plant, at their office in Singapore June 15, 2023. Siemens will also increase its research and development spending by 500 million euros this year, the company said on Thursday. The company, which employs 311,000, is seen as a bellwether for the health of the global industrial economy. Siemens also wants to grow faster than rivals and increase market share, Busch told analysts last month. Still, on Thursday Siemens said it was also investing 140 million euros to expand its digital factory in the Chinese city of Chengdu and building a new R&D centre in Shenzhen.

Persons: Roland Busch, Edgar Su, Busch, Wirtschaftswoche, John Revill, Tomasz Janowski Organizations: Siemens, REUTERS, Company, Deal, Thomson Locations: Singapore, ZURICH, United States, Europe, Beijing, Washington, China, Chengdu, Shenzhen

☆ Towns submerged, villages evacuated as dam breach floods southern Ukraine
▼ + stars: | 2023-06-12 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

Around 170 countries agreed to develop a first draft of what could become the first global treaty to curb plastic pollution by the end of next year, the most significant green deal since the Paris climate accord.

Locations: Paris

☆ Best of Tony Awards
▼ + stars: | 2023-06-12 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

Locations: Paris

☆ Red carpet style at the Tony Awards
▼ + stars: | 2023-06-12 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

Locations: Paris

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