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Politicians and auto executives on both sides of the Atlantic are calling for more protectionist measures. After Tesla lost its crown to BYD as the world’s biggest E.V. Otherwise, the Tesla C.E.O. said, Chinese E.V. The continent’s auto sector employs 13 million people and generates 8 percent of the bloc’s G.D.P.
Persons: China Tesla, , Warren Buffett, Tesla, Elon Musk, ” Luca de Meo, Vivienne Walt, DealBook, , June’s E.U Organizations: Renault Group’s, Airbus Locations: China, Europe, June’s
The UK statement, which was shared on X, said: “Russian forces have maintained a gradual advance West of Avdiivka. Their apparent fall in just over a month after a prolonged and brutal Russian assault is indicative not only of Russian momentum, but also the fragility of Ukraine’s defensive lines. Ukraine’s military declined to comment on who is currently in control of Tonenke in response to a question from CNN. Troops CNN spoke to in frontline areas expressed concerns about the lack of Ukrainian defensive positions, personnel and munitions. The ISW said the Ukrainian forces appeared to have repelled the Russian mechanized assault, an apparent reference to the Umanske attack.
Persons: Kostiantyn, Donald Trump, Zelensky, , Yuriy Butusov, Butusov, Vlada, ISW, Chasiv Yar, Victoria Butenko, Svitlana Vlasova, Yulia Kesaieva Organizations: CNN, Kyiv, GOP, Washington, European Union, Ukraine’s, Staff, Russian, Troops CNN Locations: Russian, Avdiivka, Russia, Ukraine, Ukrainian, Washington, Kyiv, Umanske, Tonenke, Berdychi, US, Bakhmut
AdvertisementFor the leading voices in the uncommitted movement, that's missing the point — and it's insulting. The "Listen to Michigan" campaign was originally conceived in a memo drafted by Waleed Shahid, a progressive strategist and former spokesman for the left-wing group Justice Democrats. "There is an entire menu of things that President Biden could do to move in the direction of discontinuing the funding of the killing," he said. What uncommitted voters are ultimately looking for is a sense of seriousness and clarity that they feel has been lacking from Biden. Uncommitted movement organizers do not seem to be taking glee in embarrassing Biden.
Persons: Joe Biden, Biden, Layla Elabed, Abbas Alawieh, Donald Trump, Mitch Landrieu, uncommitted, Trump, Abdullah Hammoud, Waleed Shahid, Jeff Kowalsky, Rashida Tlaib, , Cori Bush, Missouri —, Elabed, Mayor Hammoud, that's, Hammoud, haven't, I've, James Zogby, We're, Alawieh, Benjamin Netanyahu's, Andy Levin, Zogby, Ronald Reagan, Menachem Begin, Seth Meyers, he's, Benjamin Netanyahu Organizations: Service, Democratic, Democratic National Convention, United Nations Relief, Works Agency, Dearborn, Biden, Movement, Michigan, Democrats, Getty, Democratic Party, Trump, Arab American Institute and, Union, UN, Democrat, Israel Locations: Gaza, Detroit, Michigan, Israel, American, United States, Dearborn, AFP, Missouri, Dearborn Heights, Hamtramck, , Biden's, Arab, Chicago, Paterson, Rafah, Beirut, New York
SOFIA, Bulgaria (AP) — Romania and Bulgaria partially joined Europe’s ID-check-free travel zone on Sunday, marking a new step in the two countries’ integration with the European Union. After years of negotiations to join the Schengen area, there is now free access for travelers arriving by air or sea from both countries. The Schengen Area was established in 1985. Before Bulgaria and Romania’s admission, it was comprised of 23 of the 27 EU member countries, along with Switzerland, Norway, Iceland and Liechtenstein. Truck drivers are frequently stuck in kilometers-long queues at the borders of both Romania and Bulgaria.
Persons: Ursula von der Leyen, Siegfried Muresan, , Marcel Ciolacu, ” Kalin, , ___ McGrath Organizations: , European Union, EU, Schengen, Associated Press, European Commission, The Union of International Carriers Locations: SOFIA, Bulgaria, — Romania, Austria, Switzerland, Norway, Iceland, Liechtenstein, Romania, Croatia, Romanian, Europe, Sofia, The, Sighisoara
The men who killed Maksim Kuzminov wanted to send a message. This was obvious to investigators in Spain even before they discovered who he was. Not only did the killers shoot him six times in a parking garage in southern Spain, they ran over his body with their car. They also left an important clue to their identity, according to investigators: shell casings from 9-millimeter Makarov rounds, a standard ammunition of the former Communist bloc. “It was a clear message,” said a senior official from Guardia Civil, the Spanish police force overseeing the investigation into the killing.
Persons: Maksim Kuzminov, , Organizations: Communist, Guardia Civil, Spanish Locations: Spain
“Bob Good didn’t come here to govern. Rep. Derrick Van Orden talks with reporters after a meeting of the House Republican Conference in the US Capitol on Tuesday, November 7, 2023. Asked if Good’s vote to oust McCarthy prompted the House GOP effort to defeat him, Georgia Rep. Austin Scott said: “It has something to do with that. Rep. Bob Good speaks with reporters at the US Capitol on January 12, in Washington, DC. Bob Good leads the fighters.”CNN’s Sheden Tesfaldet contributed to this report.
Persons: Bob Good’s, Manu Raju ”, Derrick Van Orden, Bob Good, Kevin McCarthy, Van Orden, propping, John McGuire –, “ Bob Good didn’t, ” Van Orden, “ Bob Good’s, he’s, Matt Gaetz, Andy Biggs of, Chip Roy, Texas, Good, Tom Williams, They’ve, , , Gaetz, McCarthy, Bob, McGuire –, , ” McGuire, Austin Scott, we’ve, McGuire, John McGuire, John C, Clark, Nancy Pelosi, Mike Rogers, Rogers didn’t, Donald Trump, Ron DeSantis, Trump, “ Trump, Trump’s, Mark Meadows, ” Meadows, that’s, Kent Nishimura, Joe Biden, won’t, “ I’m, Ryan Zinke of, Marjorie Taylor Greene, ” “ John McGuire, she’s grandstanding, Chris LaCivita, “ Bob Good won’t, LaCivita, ” LaCivita, doesn’t, “ I’ve, ” Gaetz, Sheden Tesfaldet Organizations: Republican, Virginia CNN —, Caucus, House Republicans, GOP, Wisconsin Republican, CNN, House Republican Conference, “ Conservative, Navy, Democrat, Denver, Georgia Rep, Capitol, , Republicans, Pentagon, House Armed, Good, Florida Gov, DeSantis, Virginians, Conservative Leadership PAC, Trump, Mar, Trump Cabinet, Republican Party Locations: Appomattox, Virginia, tatters, Wisconsin, Florida, Andy Biggs of Arizona, Washington, Virginia –, Georgia, Richmond , Virginia, Congress, Alabama, Trump, Washington , DC, Iowa, Ryan Zinke of Montana, United States
Most Jewish men are required to serve nearly three years in the military, followed by years of reserve duty. Netanyahu asked the court Thursday for a 30-day extension to find a compromise. Israel’s Channel 12 reported Friday that the state provides only 7.5% of all funding for the institutions. “Without the Torah, we have no right to exist," said Yitzchak Goldknopf, leader of the ultra-Orthodox party United Torah Judaism. But the powerful bloc of ultra-Orthodox parties — longtime partners of Netanyahu — want draft exemptions to continue.
Persons: , Benjamin Netanyahu's, Netanyahu, David Ben Gurion, Anshel Pfeffer, Israel's, , , Aryeh Deri, Haredim, Yitzchak Goldknopf, NETANYAHU, Benny Gantz, Netanyahu — Organizations: JERUSALEM, Jewish, Haaretz, Shas, Cabinet Locations: Gaza, Israel, Jewish
Wild brown bear populations across Europe have bounced back from the brink of extinction, and animal conservationists are thrilled. Some countries are arguing that law lies too far in the bears’ favor at the expense of human lives. Several European Union (EU) countries who are in favor of watering down bear protections are now taking their fight to the bloc’s headquarters in Brussels. How to deal with bear attacks have been on the political agenda of some of the EU’s 27 member countries for years. But some people argue that there are more humane ways to prevent bear attacks.
Persons: CNN —, Liptovský Mikuláš, John Linnell, , , Dominika Zarzycka, ” Linnell, “ It’s, Robin Rigg, Bruno, there’s, Linnell Organizations: CNN, Authorities, European Union, EU Environment Council, Norwegian Institute for Nature Research, , Getty, Slovak Wildlife Society, EU Locations: Slovakian, Liptovský, Slovakia, Europe, Brussels, Romania, Finland, EU’s, attractants, Germany, Italy, Hungary, Spain, Ireland, Malta, Cyprus, Japan
"As it is negotiated today, it is a very bad deal, for you and for us," Macron told businessmen in Sao Paulo while on a three-day trip to Latin America's largest economy, amid troubled talks over a free trade deal between the two economic blocs. "There is nothing that takes into consideration the subject of biodiversity and climate; nothing," Macron said. "Let's forge a new deal in light of our goals and reality, a trade deal that is responsible on development, climate and biodiversity." "It's true we lost an opportunity at the end of last year, but we should not give up on this deal." At upcoming G20 and COP summits in Brazil, Macron said he planned to push for more international standards to financially incentivize banks, firms and investors to decarbonize industrial processes and better preserve the environment.
Persons: Sarah Morland, Emmanuel Macron, Macron, Fernando Haddad, Haddad, Luiz Inacio Lula da Silva, Lula, Jair Bolsonaro, Eduardo Simoes, Jonathan Oatis, Kylie Madry, Kim Coghill Organizations: Reuters, European Union, South American Mercosur, Brazilian Finance Locations: Brazil, Sao Paulo, France, Africa, Mexico City
Former President Donald Trump can now add “Bible Salesman” to his resume, after he filmed what amounts to an infomercial for a $59.99 version of the Good Book. "Religion and Christianity are the biggest things missing from this country,” Trump said in a video posted to his Truth Social account this week. “And I truly believe that we need to bring them back, and we have to bring them back fast. “I think it's one of the biggest problems we have,” he said, adding that he has “many” Bibles and that the Bible is his favorite book. Best Cartoons on the Republican Party View All 206 ImagesThe entrepreneurial endeavor comes as Trump’s legal fees are piling sky-high.
Persons: Donald Trump, , ” Trump, James, Lee Greenwood, Trump, E, Jean Carroll, they’ll, it's, Jesus Christ, he’d, , ‘ Let’s Organizations: Trump, United, Constitution, CIC Ventures LLC, Ventures, Washington Post, The New York Times, Republican Party, New, Republicans, Liberty University, House Locations: Independence, New York, cologne, Georgia, U.S
Evelyn Hockstein | David Swanson | ReutersAmericans' views on the economy have improved modestly, according to the latest CNBC All-America Economic Survey, helping President Biden pull even with Donald Trump in a head-to-head matchup. But former President Trump holds a commanding lead on several economic issues, like inflation, taxes and immigration, that voters say are most important in this election. The survey of 1,001 Americans across the country showed 46% of voters choose Trump and 45% picking Biden in a one-on-one match with 10% undecided. Younger Democrats, in fact, are evenly split on the presidents handling of foreign policy. While those issues look to be dragging on the president's approval, he has received a boost from somewhat better overall views on the economy.
Persons: Joe Biden, Donald Trump, Evelyn Hockstein, David Swanson, Biden, Trump, Jay Campbell, Hart, Micah Roberts, it's, they've Organizations: Reuters, CNBC, America Economic Survey, Trump, Biden, Hart Research, Democratic, Republican
The farmers were protesting anything from what they see as excessive red tape to increased environmental measures, cheap imports and unfair trading practices. “Let us make a living from our profession,” read one billboard on a huge tractor blocking a main thoroughfare. Environmentalists and climate activists say the change in EU policies under the duress of protesting farmers is regrettable. Photos You Should See View All 60 ImagesPolitically, the bloc has moved to the right over the past year. The plight of farmers has become a rallying cry for populists and conservatives who claim EU climate and farm policies are little more than bureaucratic bungling from elitist politicians who have lost any feeling for soil and land.
Persons: Organizations: European Union, Belgian, EU, European Commission Locations: BRUSSELS, Brussels, Finland, Greece, Poland, Ireland
CNN —There was an interesting and telling exchange recently between Sen. Lisa Murkowski, the Alaska Republican, and CNN’s Manu Raju. In the hallway exchange, Murkowski expressed frustration that former President Donald Trump is her party’s presidential nominee. CNNWhen Raju pushed Murkowski about whether she might leave the Republican Party, she said this: “I am navigating my way through some very interesting political times. Moreno won the Republican nomination in last week’s primary and he did so by aligning himself with Trump. Gallagher follows Rep. Ken Buck, the hardline Colorado Republican who resigned early in frustration over Republican election denialism and because House lawmakers are unable to set aside differences to get much done.
Persons: Sen, Lisa Murkowski, CNN’s Manu Raju, Murkowski, Donald Trump, , , Raju, ’ Murkowski, Trump, ” Sen, Raju, Let’s, Bernie Moreno, Moreno, “ We’ve, Mitch McConnell, McConnell, it’s, Kyrsten, Joe Manchin, Kyrsten Sinema, Sinema, Manchin, Jon Tester, Sherrod Brown, CNN RAJU, Mitt Romney, Joe Biden –, Rob Portman, Lamar Alexander, Bob Corker, Mitch McConnell’s, Mike Gallagher, Alejandro Mayorkas, Gallagher, Ken Buck, CNN’s Dana Bash, he’d Organizations: CNN, Alaska Republican, Capitol, Republican Party, Trump, Republican, Capitol Hill, GOP, Republicans, Kentucky Republican, Democratic, Senate, Getty, Democratic Party, Montana Democrat, Sen, Homeland, Colorado Republican Locations: Alaska, Cleveland, Ohio, Sens, Arizona, West Virginia, Montana, Wisconsin
Alphabet, Apple and Meta were told by European Union regulators on Monday that they were under investigation for a range of potential violations of the region’s new competition law. The law requires Alphabet, Apple, Meta and other tech giants to open up their platforms so smaller rivals can have more access to their users. The investigations center on whether Apple and Alphabet, the parent company of Google, are unfairly favoring their own app stores to box out rivals. Meta will be questioned about a new ad-free subscription service and the use of data for selling advertising. The European Commission, the European Union’s executive arm, can fine the companies up to 10 percent of their global revenue, which for each runs into the hundreds of billions of dollars each year.
Organizations: Meta, European Union, Apple, Google, European Commission
Yet the moment that history is likely to remember most clearly unfolded in a Manhattan courtroom where Trump sat seething as a judge thwarted his latest delaying tactics and set a date for his hush money trial. Of course, it’s also possible that Trump could be acquitted in this criminal case. It is a mark of the depth of Trump’s legal hole that a reduced requirement to post a bond worth $175 million counts as a big win. Already clashing with another judgeTurning to Judge Juan Merchan, who took the gloss off of the ex-president’s day by scheduling the trial date, Trump issued another bitter complaint. Trump’s looming criminal trial presents a challenge and an opportunity for the Biden campaign.
Persons: Donald Trump staved, Trump, it’s, Stormy Daniels, isn’t, ” Trump, , he’d, he’ll, Arthur Engoron, Letitia James, , Juan Merchan, Attorney Alvin Bragg, ” Ryan Goodman, CNN’s Erica Hill, Jack, Fani Willis, Willis, Aileen Cannon, Biden, Nikki Haley, she’s, Joe Biden, Trump’s, “ Donald Trump, James Singer, Donald Trump, , Merchan, ” Merchan Organizations: CNN, Trump, New York, , Manhattan, Attorney, Department of Defense, Fulton, GOP, South Carolina Gov, Biden, Arab American, Israel, Engoron, Monday Locations: Manhattan, New York, Fulton County, Georgia, Lago, Florida, Trump, Atlanta, Michigan, Gaza, York
James Carville told the Times that "preachy females" have chased some men from the Democratic Party. "The message is too feminine," he told Times columnist Maureen Dowd. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn a freewheeling conversation with New York Times columnist Maureen Dowd, longtime Democratic strategist James Carville suggested that the party's struggles with male voters are driven by "preachy females" who aren't speaking to their concerns.
Persons: James Carville, Maureen Dowd, Carville, , Bill Clinton's, Dowd, Joe Biden Organizations: Times, Democratic Party, Service, New York Times, Democratic, Business Locations: Louisiana, New Orleans
CNN —Can Europe fill the gap left by the United States in Ukraine? Over the course of the war, European thinking has evolved. Should EU money be spent outside the bloc? So, can Europe fill the funding void in Ukraine left by Washington DC? Yes, Europe can fill the gap left by the US - and in some respects is trying to do just that.
Persons: Donald Trump, Alexander De Croo, Volodymyr Zelensky, Serhii, it’s, , Vladimir Putin, Jens Stoltenberg Organizations: CNN, European Union, Ukraine, Belgian, Radio Free, Radio Liberty, Reuters, NATO, Diplomats, EU, Ukraine’s, Washington DC Locations: United States, Ukraine, European, Europe, Russia, Kyiv, Kiel, Radio Free Europe, EU, Moscow, Brussels, Russian, Zaporizhzhia, Czech Republic, Hungary, Czech, Eastern, Western Europe, Athens, Rome
Kevin Lamarque | ReutersThe Biden administration announced new automobile emissions standards Wednesday that officials called the most ambitious plan ever to cut planet-warming emissions from passenger vehicles. The rules come as sales of electric vehicles, which are needed to meet the standards, have begun to slow. The agency is finalizing the rule as sales of clean vehicles, including plug-in hybrid and fully electric vehicles, hit record highs last year. At the same time, the Democratic president needs cooperation from the auto industry and political support from auto workers, a key political voting bloc. White House press secretary Karine Jean-Pierre said Tuesday that White House officials "don't have any concerns" about the final EPA rule.
Persons: Joe Biden, Kevin Lamarque, Michael Regan, Regan, Biden, Karine Jean, Pierre, , we're, Manish Bapna, Amanda Leland, Dan Becker, Donald Trump, Becker, Trump, Biden's Organizations: Detroit Auto, Reuters, Biden, Environmental Protection Agency, EPA, Democratic, United Auto Workers union, White, Natural Resources Defense, Environmental Defense Fund, Center for Biological Diversity Locations: America, Detroit , Michigan, EVs, Detroit, China
"What we see right now is the unfolding of a slow-motion train accident," he told reporters at a briefing last week. "That's when trade becomes a security question and I think that is perhaps not fully appreciated in China just yet." There needs to be an honest conversation between Europe and China about what this is going to mean. The EU was China's largest regional trading partner until Southeast Asia recently surpassed it. The U.S. is China's largest trading partner on a single-country basis.
Persons: Jens Eskelund, Eskelund, I've, Markus Herrmann Chen Organizations: Future Publishing, Getty, European Union Chamber of Commerce, EU, of Commerce, Investment, China Macro Locations: Hefei, Anhui province, BEIJING, Europe, Beijing, China, Southeast Asia, U.S
In today’s newsletter, I’m going to tell you about some fascinating primary races that will shed light on some broader trends in U.S. politics. Mike Bost, a Republican and Marine Corps veteran, was first elected to the House in 2014. Don’t say ‘age’Democrats have their own issues that are captured in races in their stronghold of greater Chicago. But to the Democratic establishment, “age” is a word not spoken aloud, not with President Biden in the White House. But similar issues driving their primary fights will play out in swing House districts and swing states across the country.
Persons: Mike Bost, He’d, Darren Bailey, Donald J, J.B, Pritzker, Bailey, Bost, Mike, , Trump’s, Matt Gaetz, Trump, Danny Davis, he’s, Melissa Conyears, Ervin, Kina Collins, Biden, Davis, Davis’s, , Jesús, García, Raymond Lopez of, Lopez, Jennifer Medina, Ruth Igielnik, Krystle Kaul, Jennifer Wexton, Eileen, Jennifer Boysko, Dan Helmer, Helmer, Kaul, Suhas, , Kaul bristled Organizations: Illinois’s, Congressional, Republican, Marine Corps, State Legislature, Committee, Veterans ’ Affairs, Trump, Trump Republican, Democratic, House, The Chicago Tribune, Congressional District, American Democrats, Chicago, Mexican American, Republicans, Washington , D.C, Virginia, Army, Democrat Locations: Illinois, Lincoln, Washington, Chicago, Lake Michigan, Illinois’s, Chuy, Raymond Lopez of Chicago, García, Mexican, Virginia, exurbs, Washington ,, Virginia’s 10th, America
BRUSSELS (AP) — The European Union is pressing ahead with a plan to use the profits generated from billions of euros of Russian assets frozen in Europe to help provide weapons and other funds for Ukraine, a senior official said Tuesday. The move comes as Ukraine runs dangerously low on munitions, and U.S. efforts to get new funds for weapons have stalled in Congress. A small group of member countries, notably Hungary, refuse to supply weapons to Ukraine, so these windfall profits would be divided up. The European Central Bank, or ECB, has warned in the past against seizing Russian assets as this could undermine confidence in the euro currency and EU markets. But Borrell said that no assets would be taken, only the windfall profits they make.
Persons: Josep Borrell, , ” Borrell, Borrell, Alexander De Croo Organizations: Ukraine, EU, European, Parliament, European Central Bank, ECB, Belgian Locations: BRUSSELS, Europe, Brussels, Ukraine, U.S, Russian, Belgium, Hungary, russia, ukraine
A stable relationship with Moscow, too, allows Beijing to focus on other areas of concern such as Taiwan and the South China Sea. “Xi sees Putin as a genuine strategic partner,” said Steve Tsang, director of the SOAS China Institute at the University of London, ahead of the Russian election results, adding that anything less than a landslide win for Putin would be “a disappointment” for Beijing. The Russian leader has weathered an apparent miscalculation that what his government still calls a “special military operation” in Ukraine would be a swift success. Jose Colon/Anadolu Agency/Getty ImagesWatchful BeijingBut that doesn’t mean countries tied to Moscow aren’t also watching the conflict in Ukraine carefully. That may be especially true for China, Russia’s most powerful strategic partner.
Persons: Hong Kong CNN —, Vladimir Putin’s, Xi Jinping, Xi, Putin, Jens Stoltenberg, , Steve Tsang, Mao Zedong, won’t, Putin’s, Kim Jong Un, Kim, Kim Jong, Sergei Shoigu, Yevgeny Prigozhin, he’s, Alexey Navalny, , BRICS, Jose Colon, Moscow aren’t, , Eurasia Li Hui, Wang Yiwei, Putin –, Li Organizations: Hong Kong CNN, Ukraine grinds, Kremlin, NATO, Washington, SOAS China Institute, University of London, Putin, Russia's, KCNA, Reuters, United Arab Emirates, Russian, Anadolu Agency, Getty, Moscow, Renmin University, Beijing, CNN Locations: China, Hong Kong, Russia, Taiwan, Beijing, Moscow, South China, North Korea, Russia’s Far, Washington, Pyongyang, South Korea, Iran, India, Ukraine, Vladivostok, Russian, United States, Brazil, South Africa, UAE, Ethiopia, Egypt, Russia’s Kazan, Crimea, Sochi, West, Israel, Gaza, Ukrainian, Eurasia, Europe, Beijing –
The Republican Main Street Partnership, a group that supports center-leaning House Republicans, plans to direct half a million dollars into a bid to defeat Representative Bob Good, a hard-right lawmaker from Virginia, making an unusual push to oust a sitting Republican member of Congress. The move is notable not just because the group, through its campaign giving arm, is inserting itself into the kind of intramural fight against an incumbent that it typically avoids. Its Capitol Hill headquarters serve as something of a counterweight to the Conservative Partnership Institute, which operates nearby as the nerve center of the right. But as the Republican Party has veered toward the extreme right, purging itself of what was once a sizable and influential bloc of centrists, the Main Street Partnership has also shed the “moderate” label and changed the nature of its mission. The group has recently expanded its membership to include far more conservatives, and has begun focusing less on centrism and bipartisanship and more on ridding Congress of G.O.P.
Persons: Bob Good, — John J, McGuire, Donald J, Trump, Organizations: Republican Main Street, House Republicans, Republican, Navy SEALs, Main, Capitol, Conservative Partnership Institute, Republican Party, centrists Locations: Virginia, G.O.P
We saw them coming up a bit towards the end of the quarter, and then of course, the Red Sea crisis ... which again changed the market." Rolf Habben Jansen, CEO of Hapag-Lloyd, the world's fifth-largest ocean carrier, tells CNBC he has an improved view on trade for the rest of 2024. "It's a concerning situation and I think the [Red Sea] outlook is very difficult," Jansen said. In addition to the added costs, according to Sea-Intelligence, the Red Sea diversions could increase carbon dioxide emissions by 260%–354%. New ocean alliance with MaerskThe reduction in global freight and schedule reliability are headwinds ocean carriers have been facing for months.
Persons: Lloyd, Jansen, Rolf Habben Jansen, Hapag Lloyd, Hansen, it's, Lars Østergaard Nielsen, Nielsen, " Hansen Organizations: CNBC, Intelligence, EU, Trading, Maersk, Hapag, Gemini, Sea, MSC Locations: U.S, Asia, West Coast, East Coast, Gulf Coast, Red, Aden, Yemen, Africa, Europe, Suez, Panama, California
The European Union’s upcoming ban on imports linked to deforestation has been hailed as a “gold standard” in climate policy: a meaningful step to protect the world’s forests, which help remove planet-killing greenhouse gases from the atmosphere. The law requires traders to trace the origins of a head-spinning variety of products — beef to books, chocolate and charcoal, lipstick and leather. To the European Union, the mandate, set to take effect next year, is a testament to the bloc’s role as a global leader on climate change. Developing countries have expressed outrage — with Malaysia and Indonesia among the most vocal. Together, the two nations supply 85 percent of the world’s palm oil, one of seven critical commodities covered by the European Union’s ban.
Organizations: European Union Locations: Malaysia, Indonesia
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