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☆ EU leaders pick von der Leyen for second term as Commission chief
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: +2 min

European Union leaders agreed to nominate Ursula von der Leyen of Germany for a second five-year term as president of the European Commission, the EU's powerful executive body. Hungarian Prime Minister Viktor Orban, another right-winger, voted against von der Leyen and did not vote for Kallas, diplomats said. Von der Leyen's nomination still needs approval from the European Parliament in a secret ballot - widely seen as a trickier proposition than her endorsement by EU leaders. "It is a matter of convincing - if possible - a broad majority for a strong Europe," von der Leyen said. Von der Leyen hails from the centre-right, Costa from the centre-left and Kallas from Europe's liberal group.

Persons: Ursula von der Leyen, Antonio Costa, Kaja Kallas, Charles Michel, Giorgia Meloni, von der Leyen, Costa, Meloni, Viktor Orban, Von der, Von der Leyen, there's, Kallas Organizations: Union, European Commission, Estonian, European, Italian, Kallas, EU, Kyiv, U.S Locations: Germany, Brussels, Portuguese, Hungarian, Europe, Ukraine, Russia

☆ Ukraine's Zelenskyy expresses hope that countries will be on the 'right side of history, our side' as elections take place
▼ + stars: | 2024-06-27 | 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 EmailUkraine's Zelenskyy expresses hope that countries will be on the 'right side of history, our side' as elections take placeUkrainian President Volodymyr Zelenskyy answers a question from CNBC at the European Council in Brussels.

Persons: Volodymyr Zelenskyy Organizations: CNBC, European Locations: Brussels

European Commission President and EPP lead candidate standing for re-election, Ursula von der Leyen greets delegates before giving a speech at the congress of Germany's conservative Christian Democratic Union (CDU) party at the Estrel Berlin Hotel in Berlin, on May 8, 2024. The European Union's three main political groups have come to an agreement on who will hold the bloc's top jobs, three officials told CNBC, leading to disgruntlement from some lawmakers in the continent. European Commission President Ursula von der Leyen is set to remain in her post for a second five-year term under a deal struck Tuesday by EU leaders from the center-right European People's Party (EPP), the Socialists and the Liberals, the sources told CNBC. The commission president is in charge of the EU executive arm and holds responsibility over regulating the world's single market, proposing new legislation, and directing the bloc's policy agenda over the next five years. "There's an understanding between the three main parties," one of the three EU officials told CNBC.

Persons: Ursula von der Leyen, Kaja Kallas, Antonio Costa Organizations: EPP, Christian Democratic Union, CDU, CNBC, European, EU, European People's Party, Socialists, Liberals, Estonian, European Council Locations: Berlin, Portuguese

☆ The world’s future energy wars will be fought under the sea
▼ + stars: | 2024-06-26 | by ( Angela Dewan | ) edition.cnn.com time to read: +12 min

The technology to store renewable energy for long periods hasn’t quite been mastered, either. The interconnector would send renewable energy both east and west, taking advantage of the sun’s diurnal journey across the sky. The transatlantic interconnector is still a proposal, but networks of green energy cables are starting to sprawl across the world’s sea beds. They are fast becoming part of a global climate solution, transmitting large amounts of renewable energy to countries struggling to make the green transition alone. Not all of them carry renewable power exclusively — that’s sometimes determined by what makes up each country’s energy grid — but new ones are typically being built for a green energy future.

Persons: there’s, ”, Simon Ludlam, “ We’ve, we’ve, Fadel Senna, Paul Ellis, Biden, Laurent Segalen, Energy’s Ludlam, “, you’ve, you’re, Trump, Dmitry Peskov, George Dyson, Dyson, Morten Kruger, Frank Schneider, Alberto Rizzi, ” Rizzi Organizations: London CNN, Etchea Energy, Getty, Burbo, Sun Cable, Initiative, NATO, European Council, Foreign Relations, United, European Union Locations: New York, California, Britain, Europe, North America, Canada, France, East Coast, United States, Paris, Belgium, Norway, Netherlands, Denmark, Morocco, Moroccan, Ouarzazate, AFP, English, New Brighton, Australia, Singapore, India, Saudi Arabia, Asia, East, Beijing, London, Russia, China, Germany, Ukraine, Finland, Sweden, Baltic, Western Europe, North, Russian, Aqaba, Jordan, Taba, Egypt, Red, America, EU

☆ EU countries approve landmark nature law after delays
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: +2 min

The nature restoration law is among the EU's biggest environmental policies, requiring member states to introduce measures restoring nature on a fifth of their land and sea by 2030. EU countries' environment ministers backed the policy at a meeting in Luxembourg, meaning it can now pass into law. "I know I will face opposition in Austria on this, but I am convinced that this is the time to adopt this law," Gewessler told reporters. Belgium, which holds the EU's rotating presidency and chairs meetings of ministers, said the Austrian government dispute would not affect the legality of the EU ministers' vote. EU countries and the European Parliament negotiated a deal on the law last year but it has come under fire from some governments in recent months amid protests by farmers angry at costly EU regulations.

Persons: Leonore Gewessler, Gewessler, Chancellor Karl Nehammer's, Karoline Edtstadler Organizations: Climate, Energy, Mobility, Innovation, European Union, European, Union, Greens, People's Party, EU Locations: European, Brussels, Luxembourg, Austria, Belgium, Austrian

A simple principle underpins a contentious Thursday decision by the U.S. and key allies to tap profits from Russian sovereign assets in support of Ukraine: Moscow must make reparations. Questions have also been raised over the legality of setting such a precedent: Russia has been cut off from its frozen assets, but retains their ownership. The proposal must now pass various legal hurdles and be backed by European states, where the majority of frozen Russian assets are held. Further loans secured against the interest accrued by Russian frozen assets could be forthcoming, U.S. Treasury Secretary Janet Yellen signaled on Thursday. The annual summit comes as most of the G7 leaders face their own domestic upheavals including national elections and falling approval ratings.

Persons: Charles Michel, CNBC's Steve Sedgwick, Joe Biden, Volodymyr Zelenskyy, Putin, we're, Biden, Michel, Janet Yellen, Yellen, We're, Russia's, Ursula von der Leyen, Georgia Meloni Organizations: U.S, West, . Security, Kyiv, Treasury, Bank, European Commission Locations: Ukraine, Moscow, Russia, Russian, Canada, France, Germany, Italy, Japan . U.S, Kuwait, U.S, Borgo Egnazia, Puglia

☆ Opinion: The G7 ‘family photo’ of world leaders tells a bigger story
▼ + stars: | 2024-06-13 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +9 min

CNN —The annual G7 summit, a gathering of leaders of some of the world’s wealthiest democracies, used to be a staid, predictable affair. Tensions were about to explode in 2018, when G7 leaders met in Canada. Behind the smiles and waves, a fraught 2018 G7 summit in Canada. German Chancellor Angela Merkel deliberates with US president Donald Trump on the sidelines of the 2018 G7 summit in Canada. German Chancellor Angela Merkel chats with a relaxed US President Barack Obama outside during the 2015 G7 summit in southern Germany.

Persons: Frida Ghitis, Read, Joe Biden, Pope Francis, Volodymyr Zelensky –, —, Donald Trump, Justin Trudeau, Cole Burston, Trump, Angela Merkel, Merkel, Angela Merkel deliberates, Jesco Denzel, Barack Obama, Michael Kappeler, George W, Bush, backrub, Vladimir Putin, Putin, Covid, ” Biden, ” Macron, Boris Johnson, Ludovic Marin, Biden, Emmanuel Macron’s, autocrats, Lady Melania Trump, Trudeau, Andrew Parsons, Giorgia Meloni, ” Organizations: CNN, Washington Post, Politics, Frida Ghitis CNN, European Council, Canadian, Bloomberg, Trump, Getty, Deutschland, Kremlin, Parliamentary, United, Brothers Locations: Puglia, Italy, Canada, France, Germany, Japan, Bavarian, AFP, St Petersburg, Russia, Russian, St . Petersburg, Handout, Crimean, Washington, United States, British, Ukraine, Biarritz, Italian, Europe

☆ European Council president: G7 has sent a very powerful signal to the Kremlin
▼ + stars: | 2024-06-13 | 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 EmailEuropean Council president: G7 has sent a very powerful signal to the KremlinCharles Michel, the president of the European Council, speaks to CNBC's Steve Sedgwick at the G7 summit at Borgo Egnazia in Italy.

Persons: Kremlin Charles Michel, Steve Sedgwick Organizations: European, Kremlin, European Council Locations: Borgo, Italy

☆ Saudi Arabia is seeking billions in Chinese investment for Neom. But it comes with a massive risk.
▼ + stars: | 2024-06-13 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

Read previewAt a recent exhibition in Hong Kong, Saudi Arabia showcased its futuristic vision for its planned Neom megacity. It was part of Saudi Arabia's drive to secure billions in new investment for the project, which is the centerpiece of Saudi ruler Mohammed bin Salman's Vision 2030 strategy. China sees Saudi Arabia as not just a business opportunity but a way of undercutting the influence of its longtime Saudi ally, the US. AdvertisementIn April, Saudi Arabia's Public Investment Fund-subsidiary Alat signed a deal with Dahua Technology, one of China's most important surveillance technology firms. "The main risk today to Saudi Arabia's tech cooperation with China is the growing China-US tech war.

Persons: —, Mohammed bin Salman's, Xi Jinping, Mohammed bin Salman Al Saud, Yue Yuewei, Leonard Chan, Robert Mogielnicki, Abdullah Al, Crown Prince Mohammed, Alat, GREG BAKER, Camille Lons, Neom that's, Saudi Arabian Crown Prince Mohammed bin Salman, Saudi Arabia's, Biden Organizations: Service, Business, Saudi, Saudi Crown Prince, Getty, Hong Kong Innovative Technology Development Association, Gulf States Institute, Crown, Public Investment Fund, Dahua Technology, US, European Council, Foreign Relations, Saudi Arabian Crown, New York Times Locations: Hong Kong, Saudi Arabia, Saudi, Riyadh, Xinhua, China, Washington, Neom, Riyadh Tower, Beijing, Israel

☆ US intelligence suggests Sinwar believes Hamas has upper hand in negotiations with Israel, officials say
▼ + stars: | 2024-06-11 | by ( Katie Bo Lillis | Alex Marquardt | ) edition.cnn.com time to read: +5 min

The goal for Hamas is to survive, these sources say — that would be victory for the group. Sinwar likely believes Hamas can hold out while Israel’s global standing deteriorates as the war in Gaza, which has killed thousands of civilians, continues. For US negotiators pursuing a ceasefire deal between Hamas and Israel, it’s a discouraging assessment. Both Sinwar and Hamas’ top military official, Mohammed Deif, are still alive. He was elected to Hamas’ main decision-making body, the Politburo, in 2017 as the political leader of Hamas in Gaza.

Persons: Yahya Sinwar, he’s, it’s, Antony Blinken, Blinken, Sinwar, ” Blinken, ” Sinwar, ”, John Kirby, Mohammed Deif, —, “ Organizations: CNN, Biden, Street, National Security, ’, Hamas, European Council, Foreign Relations Locations: Gaza, Israel, Tel Aviv, Gulf, Qatar

☆ Here’s what we learned from the European elections as a far-right surge upends national politics
▼ + stars: | 2024-06-10 | by ( Rob Picheta | ) edition.cnn.com time to read: +7 min

Far-right parties across the continent had strong showings, but their momentum did not cause the center ground of European politics to cave in – as many had predicted. Those gains did materialize; far-right groups were expected to secure a record number of seats in the European Parliament, dealing a major blow to the continent’s establishment leaders. Most of the far-right gains were concentrated in countries that elect large numbers of seats: France, Italy and Germany. Several other far-right parties are among the non-aligned (NI) group, predicted to secure 45 seats. The center holdsDespite a far-right surge, the centrist European People’s Party (EPP) was the biggest single winner on Sunday night.

Persons: –, Maximilian Krah, Ursula von der Leyen, ”, Von der Leyen, ” Von der Leyen, Emmanuel Macron, Marine Le, ” Macron, Marion Maréchal, Jordan Bardella, Alexander De Croo, ” De Croo, Meloni, Tusk, Giorgia Meloni, Brothers, Benito Mussolini, von der Leyen, Donald Tusk’s, Viktor Orbán, Bas Organizations: CNN, Green, Nazi, European People’s Party, EPP, Progressive Alliance of Socialists, Commission, Ukraine, Marine, Assembly, French, Ministry, Italy’s, Italy, Law and Justice, PiS, European, Fidesz, Greens, Bas Eickhout, EFA, European Green Party, European Commission Locations: –, France, Europe, Italy, Germany, Brussels, France’s, “, Ukraine, Poland

Members of European Parliament attend a plenary session in Brussels on April 10. John Thys/AFP/Getty ImagesThe European Parliament is the legislative branch of the European Union and one of the bloc’s three main institutions, along with the European Commission, which is the executive branch, and the European Council, which is made up of ministers from the governments of the 27 member states. In order for any legislation to be implemented, both the council and parliament have to agree. It often has the final word on major policy issues such as the budget, trade and sanctions on foreign nationals. For example, A comprehensive mutual investment agreement between the EU and China is effectively on hold while some MEPs are under sanctions from China.

Persons: John Thys, Germany’s Ursula von der Leyen Organizations: European, Getty, European Union, European Commission, European Council, EU Locations: Brussels, AFP, Belgium, Strasbourg, France, China

☆ European elections 2024: What’s at stake in the world’s biggest multi-country vote
▼ + stars: | 2024-06-06 | by ( Luke Mcgee | ) edition.cnn.com time to read: +11 min

CNN —One of the world’s largest democratic exercises gets underway this week, with some 373 million people across the European Union eligible to vote in elections for the next European Parliament. Pedestrians walk past a banner displayed on the building of the European Parliament in Brussels on May 17, 2024. The European Parliament sits primarily in Brussels, Belgium, but moves roughly once a month to Strasbourg, France. National elections are set to take place in France in 2027, in which right-wing populist Le Pen could emerge victorious. There are EPP members (and certainly ECR members) who will agree with ID members on matters such as immigration and climate change.

Persons: Kenzo Tribouillard, Germany’s Ursula von der Leyen, Ursula von der Leyen, Giorgia Meloni, Yara Nardi, Pen, Emmanuel Macron’s, What’s, Simona Granati, der Leyen, Von der Leyen, it’s Organizations: CNN, European Union, Voters, EU, Getty, European Commission, European Council, Italian, European, European People’s Party, EPP, Progressive Alliance of Socialists, European Conservatives, ECR, Corbis, Von Locations: Ukraine, Gaza, EU, Brussels, AFP, European, Belgium, Strasbourg, France, Lampedusa, China, Europe, Italian, Rome, Italy, Germany

☆ Global powers are helping Ukraine by giving it money frozen from Russia. That spells bad news for companies still doing business there.
▼ + stars: | 2024-06-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Western firms in Russia risk losing their assets if the US touches Russia's frozen reserves, a think tank expert wrote. Instead, Moscow could target foreign holdings that remain in Russia, making Western companies vulnerable to costly expropriation risk. That's on top of previous measures Russia introduced in retaliation to Western sanctions, such as the freezing of bank accounts owned by "unfriendly" non-residents. Taking the Kremlin at its word, $290 billion worth of Western assets are liable for seizure. "Earlier this month, Russia seized more than €700m ($757m) from three Western banks after a construction project fell apart as a result of Western sanctions.

Persons: Elisabeth Braw, —, Braw, That's, David O'Sullivan Organizations: Service, Atlantic, Center for, West, Reuters, Carlsberg, Danone, European, RBC Ukraine Locations: Russia, West, Moscow, Russian, Ukraine

☆ With shake-up at defense ministry, ‘Putin’s chef’ gets his wish from beyond the grave
▼ + stars: | 2024-06-02 | by ( Sebastian Shukla | ) edition.cnn.com time to read: +9 min

Berlin CNN —Removing a long-time defense minister from his post is nothing out of the ordinary. Arresting five of his senior staff, however, is clearly more than just a search for fresh blood — especially in Vladimir Putin’s Russia. Analysts who spoke to CNN described the defense ministry as one of the most corrupt in the country. Putin was likely awaiting his reelection by the Russian people in March before making moving in on the defense ministry. The defense ministry is central to how that war ends.

Persons: Vladimir Putin’s, Sergei Shoigu, Yevgeny Prigozhin, Wagner, ”, Shoigu, Valery Gerasimov, Prigozhin, Putin, Vladimir Putin, Alexander Kazakov, Stanovaya, Andrey Belousov, – Shamarin, Ivanov Mikhail Komin, Vadim Shamarin, General Vadim Shamarin, Reuters Shamarin, Ria Novosti, Timur Ivanov, Ivanov, Alexey Navalny, —, Turar Kazangapov, Oleg Savelyev, ” Komin, Prigozhin’s, Gerasimov, ” Stanovaya, Komin, “ it’s Organizations: Berlin CNN, CNN, West ., Reuters, Sputnik, Kremlin, Getty, Carnegie Russia Eurasia Center, Putin, European Council of Foreign Affairs, Main, Russian Armed Forces, “, Russian Defence Ministry . Russian Defence Ministry, Ria, Benz, Corruption Foundation, Russian, Shanghai Cooperation Organisation, Staff, Armed Forces Locations: Vladimir Putin’s Russia, Ukraine, Russia, Kharkiv, Donbas, Saint Petersburg, Moscow, Russian, AFP, Vienna, Courchevel, France, Astana, Kazakhstan

☆ Live updates: Israel-Hamas war in Gaza, ICJ ruling, Rafah invasion looms
▼ + stars: | 2024-05-24 | by ( Chris Lau | Sana Noor Haq | ) edition.cnn.com time to read: +1 min

European Union flags fly outside the European Commission building in Brussels, Belgium, on April 12. They add: “It was precisely to avert such a grim world order that our grandparents, witnesses of the horrors of World War II, created Europe. The calls come in the same week that three European countries – Ireland, Spain and Norway - announced plans to formally recognize a Palestinian state. Although Norway is not an EU member, the plans do have the potential to exert greater pressure on the countries’ western allies to take a tougher stance on the Israel-Hamas conflict. But the move is not a coordinated European effort and the bloc has long struggled to speak with one voice.

Persons: Kenzo Tribouillard, “, ” Organizations: European Commission, Getty, European, EU Locations: Brussels, Belgium, AFP, Gaza, Israel, Europe, Ireland, Spain, Norway, Palestinian

☆ European leaders are planning a $4.3 billion Iron Dome-style defense system
▼ + stars: | 2024-05-22 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewEuropean countries are preparing to reveal plans for a $4.3 billion Iron Dome-style air and missile defense system, Poland's prime minister announced on Monday. The European Sky Shield Initiative, or ESSI, is conceived as a means to jointly procure ground-based interoperable air defense systems. There is no reason for Europe not to have its missile defense shield," Tusk said, per The Telegraph. Related storiesIsrael's Iron Dome has long been seen as one of the world's most advanced air defense systems, protecting the country's skies from rockets and other projectiles. AdvertisementWhile a direct hot-war attack by Russia on NATO Europe is not considered an immediate likelihood, many countries — particularly those that border Russia — are deeply alarmed.

Persons: —, . Donald Tusk, Tusk, ESSI, Olaf Scholz, It's, Andrzej Duda Organizations: Service, AVN, European Council, Kyiv Post, Business, Sky Shield Initiative, Telegraph, NATO, Patriots, IRIS Locations: Kyiv, Israel, Europe, Russia, Iran, NATO Europe, Ukraine, Germany, Austria, Switzerland, Turkey, Greece, German, ESSI

☆ Slovakia's prime minister no longer in life-threatening condition after assassination attempt
▼ + stars: | 2024-05-16 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Slovakia's Prime Minister Robert Fico walks during the European Council summit at the EU headquarters in Brussels, on April 18, 2024. Slovakia's populist Prime Minister Robert Fico is expected to survive a multiple-shot assassination attempt following surgery, according to the country's deputy prime minister. The Slovakian premier's condition has stabilized but remains serious, Reuters cited a hospital official as saying on Thursday. "The shooting of the prime minister is first and foremost an attack against an attack on a human being – but it's also an attack on democracy," she said in an officially translated video. Fico has served as prime minister of Slovakia for around 10 years across three mandates, heading the Smer (Direction) party.

Persons: Robert Fico, Tomas Taraba, Šutaj Eštok, Zuzana Caputova, it's, Fico Organizations: Slovakia's, EU, BBC, Reuters, CNBC, Slovakian Ministry of Interior, Ministry of Foreign Affairs, Slovakian, Sky News, Russia, RTVS Locations: Brussels, Slovakian, Slovak, Handlova, Banska Bystrica, Slovakia, Ukraine

☆ Robert Fico: Slovakia’s prime minister out of ‘life-threatening situation’ following assassination attempt
▼ + stars: | 2024-05-16 | by ( Jessie Yeung | Ivana Kottasová | ) edition.cnn.com time to read: +3 min

CNN —Slovakia’s prime minister, Robert Fico, is out of danger after being shot five times and undergoing surgery, officials say, following an assassination attempt that rocked the central European country and sparked global condemnation. Footage from the scene showed the injured prime minister being bundled into a vehicle by his staff, before it speeds away with him inside. undefined — Slovakia's Prime Minister Robert Fico walks during the European Council summit at the EU headquarters in Brussels, on April 18, 2024. Unlike the president, whose role has limited scope, the prime minister holds rank as the decision-making head of government. Fico previously served as Slovakia’s prime minister for more than a decade, first between 2006 and 2010 and then again from 2012 to 2018.

Persons: CNN —, Robert Fico, Fico, Tomáš Taraba, “, Zuzana Čaputová, Kenzo Tribouillard, Šutaj Eštok, ” Fico Organizations: CNN, EU, Getty, Ukraine, Kyiv, NATO, Reuters Locations: Handlova, Banská Bystrica, Brussels, AFP, Slovakia

☆ Slovakian PM Fico in ‘life-threatening’ condition after being shot; EU leaders decry 'brutal attack'
▼ + stars: | 2024-05-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Prime Minister of Slovakia Robert Fico attends a press conference during a Special European Council Meeting on April 18, 2024 in Brussels, Belgium. Slovakia's populist Prime Minister Robert Fico on Wednesday was shot multiple times in an assassination attempt that has sent shockwaves across the continent. The 59-year-old has been transported by helicopter to hospital in the central Slovakian city of Banska Bystrica to receive treatment. A post on Fico's official Facebook page said the prime minister was "shot multiple times and is in a life-threatening state" after an "attempted assassination." Slovakian President Zuzana Čaputová "strongly" condemned the "brutal and ruthless attack" in a Google-translated Facebook post, without supplying further details of the nature of the attack.

Persons: Slovakia Robert Fico, Robert Fico, Fico, Zuzana Čaputová Organizations: NBC, Reuters, CNBC Locations: Slovakia, Brussels, Belgium, Slovakian, Banska Bystrica, Bratislava, Handlova

☆ Robert Fico: Slovakia’s PM in life-threatening condition after being shot multiple times
▼ + stars: | 2024-05-15 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +3 min

CNN —Slovakia’s Prime Minister Robert Fico was in a life-threatening condition in hospital Wednesday after he was shot multiple times in an assassination attempt. Slovakia's Prime Minister Robert Fico attends a European Council summit in Brussels, on April 18, 2024. Kenzo Tribouillard/AFP via Getty Images/FILEFico previously served as Slovakia’s prime minister for more than a decade, first between 2006 and 2010 and then again from 2012 to 2018. European Commission President Ursula von der Leyen, tweeted: “I strongly condemn the vile attack on Prime Minister Robert Fico. My thoughts are with PM Fico, his family.”And Hungarian Prime Minister Orban added: “I was deeply shocked by the heinous attack against my friend, Prime Minister Robert Fico.

Persons: CNN —, Robert Fico, Fico, Zuzana Čaputová, “ I’m, Roberto Fico, ” Čaputová, upend, “, ”, Vladimir Putin, Viktor Orban, Kenzo Tribouillard, Jan Kuciak, Martina Kušnírová, Kuciak, Ursula von der Leyen, Orban Organizations: CNN, CNN — Slovakia’s, Facebook, Ukraine, NATO, Kremlin, Hungary’s, European Union, Slovakia's, Getty Locations: Handlova, Banska Bystrica, Bratislava, Slovak, Ukraine, Brussels, AFP, Hungarian

☆ China is engaged in ‘deliberate' efforts to undermine the U.S. and Europe, says EU envoy Gitenstein
▼ + stars: | 2024-05-14 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +1 min

Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods. Speaking to CNBC's Silvia Amaro on Tuesday, Gitenstein said China was "engaged in a deliberate effort to undermine economic sectors in both Europe and the United States." The Chinese Embassy in London did not immediately respond to a request for comment when contacted by CNBC. It comes amid growing concerns over a raft of cheap Chinese "green" goods — such as EVs, batteries and solar panels — flooding international markets. White House officials have already warned Beijing to amend certain trade practices that it argues have weakened global supply chains.

Persons: Mark Gitenstein, CNBC's Silvia Amaro, Gitenstein, Biden, Ursula von der Leyen, Charles Michel, — CNBC's Rebecca Picciotto Organizations: Embassy, CNBC, White, European Commission, European Locations: U.S, China, Europe, United States, London, Beijing, People's Republic of China, PRC

☆ The EU will soon get a new leadership team. Here are the names currently in the mix
▼ + stars: | 2024-05-09 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

BRUSSELS, Belgium — European diplomats have already started key negotiations on who will take the main jobs at the European Union following elections next month. Voters across the 27-member EU are heading to the polls between June 6 and 9 to choose the next set of representatives in the European Parliament. The very top EU jobs, which aren't directly elected, then get dished out in the weeks following. Diplomats within the EU are already trying to figure out who will be leading the three big institutions in the coming years: The European Commission, the European Council and the European Parliament. "Von der Leyen has a lot of support from European heads of state," one of the three sources told CNBC via telephone.

Persons: aren't, Ursula von der Leyen, Von der Leyen, Emmanuel Macron, Christine Lagarde Organizations: European, Voters, EU, Parliament, Diplomats, European Commission, European Council, CNBC, European Central Bank Locations: BRUSSELS, Belgium, policymaking, Brussels

☆ Ukraine is defying the US over strikes on Russian oil refineries. Experts say it's a necessary risk.
▼ + stars: | 2024-04-29 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +8 min

While the US dithered over aid, Ukraine had a robust argument for prosecuting the war pretty much as it pleased. "Taking out a particular refinery is not going to immediately undermine Russia's war effort," said Dailey, the RAND strategist. "But consistently putting pressure on Russia's oil sector would have a significant impact on Russia's ability to fight this war." AdvertisementVakulenko, in his article, also noted that that strikes on Russian oil refineries have "little impact on Russian export earnings." Later, Ukraine said that its attacks had reduced Russian oil production and processing by 12%.

Persons: —, Ann Marie Dailey, Rafael Loss, Joe Biden's, Marina Miron, Dailey, Volodymyr Zelenskyy, Olga Tokariuk, Tokariuk, Donald Trump, Miron, Whittling, Celeste Wallander, Lloyd Austin, Sergey Vakulenko, There's, Sir Tony Radakin, Biden, James Patton Rogers, Patton Rogers Organizations: Service, White, Telegraph, Business, RAND Corporation, European Council, Foreign Relations, Washington Post, Department of, King's College, London's, House, Carnegie, RAND, Financial, Cornell Brooks Tech Policy Institute, Ukraine Locations: Ukraine, Krasnodar, King's College London, Russia

☆ U.S. $61 billion aid package will make a 'big difference' for Ukraine, think tank says
▼ + stars: | 2024-04-23 | 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 EmailU.S. $61 billion aid package will make a 'big difference' for Ukraine, think tank saysJames Crabtree, distinguished visiting fellow at the European Council on Foreign Relations, says it is unlikely to make a "material, decisive difference … but it does mean the danger that Ukraine was going to be pushed back over the second half of this year is now much less likely."

Persons: James Crabtree Organizations: U.S, European Council, Foreign Relations Locations: Ukraine

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