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Search resuls for: "Christian Kraemer David Lawder"


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☆ G7 finance leaders pledge financial stability, supply chain diversity
  + stars: | 2023-04-12 | by ( Christian Kraemer David Lawder | Christian Kraemer | David Lawder | ) www.reuters.com   time to read: +4 min
They reiterated that the financial system is resilient, supported by prompt government responses to the turmoil and reforms implemented after the 2008 financial crisis. "We will continue to closely monitor financial sector developments and stand ready to take appropriate actions to maintain the stability and resilience of the global financial system," the G7 finance leaders said. 'SHARED VALUES'The ministers said that supply chains needed to achieve both efficiency and resilience, helping to maintain macroeconomic stability and make economies more sustainable. The statement cited the need to diversify the "highly concentrated" supply chains for clean energy technologies. JOINT RESEARCHIn addition to working more closely with developing countries on supply chains, the G7 finance officials pledged to encourage joint research and development efforts among G7 members and other "interested parties."
☆ France, Germany protest U.S. green subsidies on Washington trip
  + stars: | 2023-02-08 | by ( Christian Kraemer David Lawder | Christian Kraemer | David Lawder | ) www.reuters.com   time to read: +4 min
[1/6] German Economy Minister Robert Habeck and French Minister for Economy, Finance, Industry and Digital Security Bruno Le Maire hold a joint news conference in Washington, U.S., February 7, 2023. "It's a process, and in a process you go step by step," Le Maire told reporters. After meetings with Yellen, Commerce Secretary Gina Raimondo and White House officials, Habeck and Le Maire emerged with few specifics other than pledges to be clear about their competing green subsidies. Noting the agreement on both sides on the need for transparency on subsidies, Habeck said, "We will (create) a technical group to make this transparency work." But Commerce said she applauded the TTC's work to promote transparency for U.S. and EU semiconductor subsidies and support supply chains.
☆ France, Germany protest U.S. subsidies on Washington trip
  + stars: | 2023-02-07 | by ( Christian Kraemer David Lawder | Christian Kraemer | David Lawder | ) www.reuters.com   time to read: +2 min
WASHINGTON, Feb 7 (Reuters) - France and Germany's economy ministers said they would push for the U.S. Inflation Reduction Act to embrace European companies as fully as possible as they headed into talks with their Washington counterparts on Tuesday. While Canadian and Mexican companies are eligible to benefit from many of its provisions, the act does not help European competitors. Le Maire and his German counterpart Robert Habeck, who are due to put their case to Treasury Secretary Janet Yellen, trade representative Katherine Tai and Commerce Secretary Gina Raimondo, fear European companies could be disadvantaged. "A strong green industrial market in the U.S. and a strong green industrial market in Europe will help each other," Habeck told reporters from a noisy Washington street corner before they headed into their meetings. Le Maire said Europe needed transparency on the exact subsidies and tax credits that were on offer to ensure "fair competition" between industries on both sides of the Atlantic.
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