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Analysts said the probe could slow capacity expansion and the capital spending cycle of China's battery suppliers, although the move should not pose a big downside risk for Chinese EVs. Hong Kong shares of market leader BYD fell more than 3%. Nio and Geely declined to comment on the EU probe, while BYD, Xpeng and SAIC did not respond to requests for comment. GROWING MARKET SHAREEU officials believe Chinese EVs are undercutting the prices of local models by about 20% in the European market, piling pressure on European automakers to produce lower-cost electric vehicles. It accounted for 40.25% of EV exports from China between January and April 2023, up from 36.5% in 2022.

Persons: Angelika Warmuth, Ursula von der Leyen, BYD, CATL, der Leyen, Li Qiang, Cui Dongshu, EVs, Donny Kwok, Brenda Goh, Ryan Woo, Anne Marie Roantree, Tom Hogue, Jamie Freed Organizations: BYD Company, REUTERS, China, EV, European Commission, EU . European, Analysts, HK, Geely, SAIC, EU, Chamber of Commerce, China Passenger Car Association, Center, Strategic, Internal Studies, Volvo, Thomson Locations: Munich, Germany, Europe, HONG KONG, SHANGHAI, Hong Kong, Beijing, Shanghai, Xpeng, Shenzhen, SZ, China, Moscow, Russian, Ukraine, New Delhi, Brussels, U.S

☆ China auto industry body 'firmly opposes' EU probe on Chinese EV subsidies, urges objectivity
▼ + stars: | 2023-09-14 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

Employees work on the assembly line of C11 electric SUV at a factory of Chinese EV startup Leapmotor on April 26, 2023 in Jinhua, Zhejiang Province of China. Vcg | Visual China Group | Getty ImagesThe European Union should "objectively" consider China's electric vehicle industry and its highly competitive industrial supply chain, the head of a China automobile industry body on Thursday. This comes a day after the European Commission, the executive arm of the European Union, unexpectedly launched an "anti-subsidy" investigation into China's EV makers. "The EU should view the development of China's electric vehicle industry objectively, rather than arbitrarily employing unilateral economic and trade tools to restrict the development or increase operating costs of China's electric vehicle products in Europe," he added. He added that Chinese cars exported to Europe are generally retailing at nearly double the prices in mainland Chinese markets.

Persons: Cui Dongshu, Cui, Ursula von der Leyen Organizations: Visual China, Getty, European Commission, European Union, China's, China Passenger Car Association, CNBC, of Locations: Jinhua, Zhejiang Province, China, Europe, Strasbourg, EU, U.S, Beijing

The United States also offers tax credits of up to $7,500 for buyers of new electric cars, and several more for manufacturers of EVs and EV components. And each government views the support they provide as merely also doing "whatever it takes" to keep their own industries competitive. The mere threat of a probe into China's subsidies might actually be enough to slow the pace of imports from China while allowing sales of European cars to pick up further. Shares of major European car producers have heavily lagged U.S. and China EV rivalsIn that way, the EU Commissioner will have provided a valuable service to Europe's manufacturers without needing to actually dig too deeply into China's subsidy practices. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Ursula von der Leyen, von der Leyen, Gavin Maguire, Josie Kao Organizations: EU Commission, European EV, European Union, EV, United, Volkswagen, BMW, Renault, China EV, Reuters, Thomson Locations: LITTLETON , Colorado, Europe, Beijing, European, United States, Germany, China, EU

☆ 'Blatantly protectionist': China sharply rebukes EU probe on Chinese EV subsidies
▼ + stars: | 2023-09-14 | by ( Clement Tan | ) www.cnbc.com time to read: +3 min

Vcg | Visual China Group | Getty ImagesChina has accused the European Union of "blatant protectionism" after its executive arm unexpectedly launched an "anti-subsidy" investigation into China's electric vehicle makers. The Chinese Commerce Ministry urged dialogue to safeguard the interests of Chinese companies and commit to global efforts to address climate change and achieve carbon neutrality. If the EU finds harm from Chinese subsidies, Brussels is likely to impose tariffs on Chinese EVs despite the risk of political and economic backlash from Beijing. "If the EU finds harm from Chinese subsidies, Brussels is likely to impose tariffs on Chinese EVs despite the risk of political and economic backlash from Beijing." EU members are demanding the regional bloc shield European carmakers from Chinese EVs that they say are heavily subsidized by the Chinese government.

Persons: Ursula von der Leyen Organizations: Visual China, Getty, European Union, Chinese Commerce Ministry, CNBC, EU, Beijing . Eurasia, of, Eurasia Group Locations: Jinhua, Zhejiang Province, China, EU, Brussels, Beijing, U.S, Europe, Strasbourg

☆ EU to investigate 'flood' of Chinese electric cars, weighing tariffs
▼ + stars: | 2023-09-13 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +6 min

"Global markets are now flooded with cheaper electric cars. It is also unusual in that it is brought by the European Commission itself, rather than in response to an industry complaint. GRINDING GEARSThe influx of cheaper Chinese electric vehicles has already prompted some European carmakers to take action. At the same time Von der Leyen stressed the importance of electric vehicles to the EU's ambitious environmental objectives. The founder of Nio warned in April that Chinese EV makers should brace for the possibility that foreign governments would impose protectionist policies.

Persons: Ursula von der Leyen, BYD, EVs, Nio, Mercedes Benz, Stellantis, France's, Tesla, VDA, Von der Leyen, Simone Tagliapietra, Kingsmill Bond, Foo Yun Chee, Philip Blenkinsop, Kim Miyoung, Brenda Goh, Anne Marie Roantree, Nick Carey, Kate Abnett, Gabriela Baczynska, Louise Heavens Organizations: EU, Investigation, European EV, European Commission, European Union, Renault, BMW, HK, China Passenger Car Association, Dynamics, Volvo, EV, VW, France's Renault, Japan, Rocky Mountain Institute, Thomson Locations: BRUSSELS, Brussels, China, Moscow, Ukraine, Germany, France, Europe, U.S

☆ EU to assess whether to hit Chinese electric cars with tariffs
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +1 min

European Commission President Ursula von der Leyen delivers the State of the European Union address to the European Parliament, in Strasbourg, France, September 13, 2023. REUTERS/Yves Herman Acquire Licensing RightsBRUSSELS, Sept 13 (Reuters) - The European Commission started an investigation on Wednesday to assess whether the European Union needs to impose tariffs to protect itself against Chinese electric vehicle producers benefiting from state subsidies. And their price is kept artificially low by huge state subsidies," European Commission President Ursula von der Leyen said in her annual address to the bloc's parliament. Von der Leyen stressed the importance of electric vehicles to the EU's ambitious environmental objectives. "So I can announce today that the Commission is launching an anti-subsidy investigation into electric vehicles coming from China.

Persons: Ursula von der Leyen, Yves Herman Acquire, Von der Leyen, Foo Yun Chee, Philip Blenkinsop, Gabriela Baczynska Organizations: European Union, REUTERS, Rights, European Commission, Thomson Locations: Strasbourg, France, Rights BRUSSELS, China, Europe

☆ VIEW Reactions to EU probe of Chinese electric cars imports
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +6 min

EUROPEAN COMMISSION PRESIDENT URSULA VON DER LEYEN"Global markets are now flooded with cheaper electric cars. "So I can announce today that the Commission is launching an anti-subsidy investigation into electric vehicles coming from China. UK TRADE MINISTER KEMI BADENOCH"I think it just highlights the difficulties that all countries are having with the supply chain for electric vehicles. "China's apparent advantage and cost-competitive imports are already impacting European auto makers' domestic market share, with a massive surge in electric vehicle imports in recent years. At the same time, the US Inflation Reduction Act (IRA) is also a game-changer in the electric vehicle value chain.

Persons: Annegret, URSULA VON DER, LAURENCE BOONE, BRUNO LE MAIRE, Von der, KEMI BADENOCH, MATTEO SALVINI, SIGRID DE VRIES, AIWAYS, ALEXANDER KLOSE, Aiways, KINGSMILL, they've, They've, STUART COLE, AJ BELL, DANNI HEWSON, Josephine Mason, Catherine Evans, Louise Heavens Organizations: REUTERS, European Commission, European Union, FRENCH FINANCE, EU, League, GENERAL, Volkswagen, BMW, Tesla, INSTITUTE SENIOR, CITI, Reuters, Thomson Locations: Berlin, Germany, China, Europe, Brussels

[1/4] European Commission President Ursula von der Leyen delivers the State of the European Union address to the European Parliament, in Strasbourg, France, September 13, 2023. Von der Leyen, who has been at the head of the bloc's executive Commission since the end of 2019, also said she would appoint an envoy to help small and medium-sized enterprises tackle red tape to make it easier to do business. Lawmakers gave a standing ovation after von der Leyen recounted the fate of Victoria Amelina, a Ukrainian writer and activist who was killed in a Russian attack on Ukraine. An upcoming package to support Europe's wind industry would be aimed at helping the sector as renewable energy companies struggle with steep inflation, von der Leyen said. Von der Leyen also said the wealthy bloc must engage more with African countries and accused Russia of stirring chaos in the Sahel region of the continent.

Persons: Ursula von der Leyen, Yves Herman Acquire, Von der Leyen, von der Leyen, Victoria Amelina, Héctor Abad, Yves Herman, Jan Strupczewski, Marine Strauss, Foo Yun Chee, Kate Abnett, Gabriela Baczynska, Andrew Gray, Julia Payne, Philip Blenkinsop, Ingrid Melander, Nick Macfie, Alex Richardson Organizations: European, European Union, REUTERS, EU, STRASBOURG, EU Commission, Ukraine, Kyiv, Lawmakers, Thomson Locations: Strasbourg, France, Europe, Ukraine, Ukrainian, Colombian, China, Russia, Sahel, Africa, Brussels

☆ Chinese EV subsidies will be investigated by EU over concerns they're distorting the market with cheaper prices
▼ + stars: | 2023-09-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

The European Commission president has announced an "anti-subsidy investigation" into Chinese EVs. Ursula von der Leyen said the EU's market was being distorted by "huge state subsidies." "And as we do not accept this from the inside, we do not accept this from the outside," Von der Leyen added. Chinese EV makers haven't yet brought their cars to the US, but they have become increasingly popular on the other side of the Atlantic. Not for a race to the bottom," Von der Leyen said.

Persons: Ursula von der Leyen, Von der Leyen, BYD, It's, Tesla, Forbes Organizations: European Commission, Bloomberg, Service, EV, Reuters, Volkswagen, Guardian Locations: Wall, Silicon, Europe, China, Germany

European Commission President Ursula von der Leyen reacts on the day of the annual State of the European Union address to the European Parliament, in Strasbourg, France, September 13, 2023. European Commission President von der Leyen told the European Parliament that Ukraine had already made "great strides" since being designated a membership candidate last year, even as it fights to repel Russia's invasion. But candidate countries have to meet a string of political and economic criteria to begin membership talks - and must fulfil more stringent conditions on democracy, the rule of law and economic standards - before they can actually join the EU. "For Ukraine, the biggest obstacle is Hungary and the discussion around national minorities," a senior EU diplomat said on condition of anonymity. On Wednesday, von der Leyen outlined a vision of a European Union that would include not only Ukraine, but also Moldova and countries of the Western Balkans.

Persons: Ursula von der Leyen, Yves Herman Acquire, von der Leyen, Viktor Orban, Peter Szijjarto, Volodymyr Zelenskiy, Gabriela Baczynska, Andrew Gray, Andreas Rinke, Nick Macfie Organizations: European Union, REUTERS, Rights, ., EU, European Commission, Kyiv, OTP Bank, West, European, Thomson Locations: State, Strasbourg, France, Rights BRUSSELS, EU, European Union, Ukraine, Hungary, Germany, Kyiv, Hungarian, Moscow, Budapest, Moldova, Western Balkans

☆ European Union launches anti-subsidy probe into Chinese EVs
▼ + stars: | 2023-09-13 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

China's automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China's exports overall, Bernstein analysts found. The European Commission, the executive arm of the European Union, on Wednesday launched an investigation into subsidies given to electric vehicle makers in China, according to President Ursula von der Leyen. Speaking at her annual State of the Union address at the European Parliament in Strasbourg, she said the commission is launching an "anti-subsidy investigation into electric vehicles coming from China." Autos stocks in Europe were higher by 1.2% on Wednesday morning after the announcement, in a largely down day for most sectors. This is a breaking news story, please check back later for more.

Persons: Bernstein, Ursula von der Organizations: European Commission, European Union, Wednesday, of Locations: China, Strasbourg, Europe

The European Union will begin an investigation into Chinese subsidies of electric vehicles, the bloc’s top official announced Wednesday, in a move that highlights Europe’s growing industrial and geopolitical competition with China. The inquiry could lead to trade restrictions, such as import tariffs on Chinese vehicles. Chinese automakers have gained a dominant position in the global electric vehicle industry and see Europe as a key potential market. “Europe is open for competition, not for a race to the bottom,” said Ursula von der Leyen, the president of the European Commission, speaking in Strasbourg, France. “We must defend ourselves against unfair practices.”She announced the initiative during her annual state of the European Union address, which sets the tone for the year ahead.

Persons: ”, Ursula von der Leyen, “ Organizations: European Union, European Commission Locations: China, Europe, Beijing, “ Europe, Strasbourg, France

Brussels/London CNN —The European Union is launching an investigation into China’s state support for makers of electric vehicles as soaring imports of their cars stoke fears for the future of European auto manufacturers. “So I can announce today that the commission is launching an anti-subsidy investigation into electric vehicles coming from China.”Europe levies a duty of 10% on cars imported from China. That compares with duty of 27.5% in the United States, and China’s manufacturers have taken advantage to carve out a significant and rapidly growing foothold in the European market. And in the last five years, EU imports of Chinese cars have quadrupled. The European Commission investigation could lead to the imposition of tariffs on Chinese EV imports, and von der Leyen’s announcement rattled the stocks of China’s biggest EV companies listed in Hong Kong.

Persons: Ursula von der Leyen, “, ” von der Leyen, von der, Warren Buffett, Nio, Li Yunfei, Oliver Zipse, Luca de Meo, ”, Sigrid de Vries, Laura Organizations: London CNN, China Passenger Car Association, UBS, The, EV, European Automobile Manufacturers ’ Association, Senior, EU, Jato Dynamics, BMW, Renault, European Locations: Brussels, London, Europe, China, United States, Hong Kong

☆ EU's von der Leyen pledges more support for wind industry
▼ + stars: | 2023-09-13 | by ( Kate Abnett | ) www.reuters.com time to read: +2 min

[1/2] European Commission President Ursula von der Leyen delivers the State of the European Union address to the European Parliament, in Strasbourg, France, September 13, 2023. We will focus on skills, access to finance and stable supply chains," von der Leyen said in a speech to the European Parliament on Wednesday. But Europe's offshore wind power industry has warned governments it is not big enough to deliver green power goals and requires a jump in policy support to get on track - particularly if new wind farms are to be manufactured in Europe. "The future of our clean tech industry has to be made in Europe," von der Leyen said. Von der Leyen vowed to "stay the course" on Europe's green agenda, promising talks with industries - including agriculture - concerned about their role in the green transition.

Persons: Ursula von der Leyen, Yves Herman Acquire, von der Leyen, Eurelectric, von der, Von der Leyen, Kate Abnett, Gabriela Baczynska, Louise Heavens Organizations: European, European Union, REUTERS, Renewables, Energy, Thomson Locations: Strasbourg, France, Europe, BRUSSELS, EU

“Global markets are now flooded with cheaper Chinese electric cars, and their price is kept artificially low by huge state subsidies. This is distorting our market,” European Commission President Ursula von der Leyen told EU lawmakers in Strasbourg, France. “As we do not accept this distortion from the inside in our market, we do not accept this from the outside,” von der Leyen said. “So, I can announce today that the commission is launching an anti-subsidy investigation into electric vehicles coming from China.”China’s leaders have helped make the country the biggest market for electric vehicles by investing billions of dollars in subsidies to get an early lead in what is seen as a promising industry. We must defend ourselves against unfair practices,” von der Leyen said.

Persons: Ursula von der Leyen, ” von der Leyen, ”, Geely Organizations: “, Global, BYD, Volvo Locations: BRUSSELS, China, Strasbourg, France, Japan, Europe, “ Europe

U.S. President Joe Biden, Indian Prime Minister Narendra Modi and President of the European Union Ursula von der Leyen attend the G20 summit in New Delhi, India, September 9, 2023. The summit declaration avoided condemning Russia for the war in Ukraine but highlighted the human suffering the conflict had caused and called on all states not to use force to grab territory. A failure to agree on a summit declaration would have signalled that the G20 was split, perhaps irrevocably, between the West on one side and China and Russia on the other, analysts said. Diplomats have said negotiators from India, Indonesia, Brazil and South Africa drove the consensus in the summit document. Despite the lack of concrete progress, Harsh Vardhan Shringla, India's chief G20 coordinator, said the meeting did take the group forward.

Persons: Joe Biden, Narendra Modi, Ursula von der Leyen, Evelyn Hockstein, Michael Froman, Svetlana Lukash, Lukash, Patryk Kugiel, ” Kugiel, Sergei Lavrov, Vladimir Putin, India's, Xi Jinping, Li Qiang, Vardhan, ”, Michel Rose, Aftab Ahmed, Raju Gopalakrishnan Organizations: Indian, European, REUTERS, Diplomats, African Union, India, Foreign Relations, Shanghai Cooperation Organisation, Russian G20, Polish Institute of International Affairs, Xinhua, Reuters, Thomson Locations: New Delhi, India, DELHI, Ukraine, Russia, York, U.S, China, Beijing, Russian, Warsaw, Delhi, Indonesia, Brazil, South Africa, Germany, Britain

☆ China, Europe should 'unite and co-operate', Premier Li says at G20
▼ + stars: | 2023-09-10 | by ( Yew Lun Tian | ) www.reuters.com time to read: +1 min

Chinese Premier Li Qiang leaves after attending the East Asia Summit at the Association of Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, Thursday, Sept. 7, 2023. Achmad Ibrahim/Pool via REUTERS/file photo Acquire Licensing RightsBEIJING, Sept 10 (Reuters) - China and Europe should "unite and co-operate" against global uncertainties, Premier Li Qiang told the European Union chief on the sidelines of the annual G20 summit in New Delhi. "Risk prevention does not preclude co-operation, interdependence should not be equated with insecurity," Li told EU Commission President Ursula von der Leyen on Saturday, the Chinese foreign ministry said in a statement. "China and the EU should further unite and co-operate, and use the stability of China-EU relations as a hedge against the uncertainty of the world situation," it quoted Li as saying. Li was attending the summit as a representative of President Xi Jinping, who did not attend.

Persons: Li Qiang, Achmad Ibrahim, Li's, Li, Ursula von der Leyen, Xi Jinping, Yew Lun, Michael Perry, Clarence Fernandez Organizations: East Asia Summit, Association of Southeast Asian Nations, ASEAN, Rights, European Union, EU, Thomson Locations: Jakarta, Indonesia, Rights BEIJING, China, Europe, New Delhi, EU

☆ China, Europe Should 'Unite and Co-Operate', Premier Li Says at G20
▼ + stars: | 2023-09-09 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +1 min

By Yew Lun TianBEIJING (Reuters) - China and Europe should "unite and co-operate" against global uncertainties, Premier Li Qiang told the European Union chief on the sidelines of the annual G20 summit in New Delhi. "Risk prevention does not preclude co-operation, interdependence should not be equated with insecurity," Li told EU Commission President Ursula von der Leyen on Saturday, the Chinese foreign ministry said in a statement. "China and the EU should further unite and co-operate, and use the stability of China-EU relations as a hedge against the uncertainty of the world situation," it quoted Li as saying. Li was attending the summit as a representative of President Xi Jinping, who did not attend. (Reporting by Yew Lun Tian; Editing by Michael Perry and Clarence Fernandez)

Persons: Lun Tian, Li Qiang, Li's, Li, Ursula von der Leyen, Xi Jinping, Yew Lun, Michael Perry, Clarence Fernandez Organizations: European Union, EU Locations: Lun Tian BEIJING, China, Europe, New Delhi, EU

☆ Factbox: Who is attending the G20 summit in New Delhi?
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

People stand infront of Nataraja, a statue of Hindu lord Shiva as the cosmic dancer, installed next to 'Bharat Mandapam', the main venue of the G20 Summit, in New Delhi, India, September 7, 2023. REUTERS/Altaf Hussain Acquire Licensing RightsNEW DELHI, Sept 8 (Reuters) - Leaders from the Group of 20 (G20) major economies kick off an annual summit meeting on Saturday to coordinate policy on food security, debt problems of vulnerable countries and climate action. Here is a list of those attending and some key leaders who are skipping the meeting in the Indian capital, New Delhi. G20 LEADERS:ARGENTINA'S PRESIDENT ALBERTO FERNANDEZ AUSTRALIAN PRIME MINISTER ANTHONY ALBANESE BRAZIL'S PRESIDENT LUIZ INACIO LULA DA SILVABRITISH PRIME MINISTER RISHI SUNAK CANADIAN PRIME MINISTER JUSTIN TRUDEAU FRENCH PRESIDENT EMMANUEL MACRON GERMAN CHANCELLOR OLAF SCHOLZINDIAN PRIME MINISTER NARENDRA MODI INDONESIAN PRESIDENT JOKO WIDODOITALIAN PRIME MINISTER GIORGIA MELONIJAPANESE PRIME MINISTER FUMIO KISHIDA SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMANSOUTH AFRICAN PRESIDENT CYRIL RAMAPHOSA SOUTH KOREAN PRESIDENT YOON SUK-YEOLTURKISH PRESIDENT TAYYIP ERDOGAN U.S. PRESIDENT JOE BIDENEUROPEAN UNION: PRESIDENT OF THE EUROPEAN COMMISSION URSULA VON DER LEYEN AND PRESIDENT OF THE EUROPEAN COUNCIL, CHARLES MICHELSPECIAL INVITEES:BANGLADESH PRIME MINISTER SHEIKH HASINAEGYPT PRESIDENT ABDEL FATTAH AL-SISIMAURITUIUS PRIME MINISTER PRAVIND KUMAR JUGNAUTHNETHERLANDS PRIME MINISTER MARK RUTTE NIGERIA'S PRESIDENT BOLA TINUBU OMAN'S SULTAN HAITHAM BIN TARIK AL-SAID SINGAPORE PRIME MINISTER LEE HSIEN LOONG UAE PRESIDENT SHEIKH MOHAMMED BIN ZAYEDOTHERS ATTENDINGU.S. Treasury Secretary Janet YellenThe heads of the United Nations, the International Monetary Fund, the World Bank, the World Health Organisation, the World Trade Organisation, the International Labour Organisation, the Financial Stability Board and the Organisation for Economic Cooperation and Development. NOTABLE MISSING GUESTSCHINESE PRESIDENT XI JINPING (represented by Prime Minister Li Qiang)MEXICAN PRESIDENT ANDRES MANUEL LOPEZ OBRADORRUSSIAN PRESIDENT VLADIMIR PUTIN (represented by Foreign Minister Sergei Lavrov)Sources: Reuters, officials, state media and domestic mediaCompiled by Aftab Ahmed and Shivangi Acharya; Editing by Sanjeev Miglani and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Shiva, Bharat Mandapam, Altaf Hussain, ALBERTO FERNANDEZ, ANTHONY ALBANESE, LUIZ INACIO LULA DA SILVA, JUSTIN TRUDEAU, EMMANUEL MACRON, OLAF SCHOLZ INDIAN, NARENDRA MODI, JOKO, GIORGIA, FUMIO KISHIDA, FUMIO KISHIDA SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMAN, CYRIL RAMAPHOSA, YOON SUK, TAYYIP ERDOGAN, JOE BIDEN, URSULA VON DER, CHARLES MICHEL SPECIAL, SHEIKH HASINA, ABDEL FATTAH, PRAVIND KUMAR, MARK RUTTE, BOLA TINUBU, HAITHAM BIN TARIK, LEE HSIEN LOONG, SHEIKH MOHAMMED BIN ZAYED, Janet Yellen, XI JINPING, Li Qiang, ANDRES MANUEL LOPEZ, VLADIMIR PUTIN, Sergei Lavrov, Aftab Ahmed, Shivangi, Sanjeev Miglani, Raju Gopalakrishnan Organizations: REUTERS, LUIZ INACIO LULA DA SILVA BRITISH, FUMIO KISHIDA SAUDI ARABIA'S CROWN, CYRIL RAMAPHOSA SOUTH, TAYYIP ERDOGAN U.S, OF, EUROPEAN, CHARLES MICHEL SPECIAL INVITEES, ABDEL FATTAH AL, Treasury, United Nations, International Monetary Fund, World Bank, World Health Organisation, World Trade Organisation, International Labour Organisation, Organisation for Economic Cooperation, Development, Foreign, Thomson Locations: New Delhi, India, DELHI, BANGLADESH, SHEIKH HASINA EGYPT, NETHERLANDS, SINGAPORE, LEE HSIEN LOONG UAE, MEXICAN, RUSSIAN

LONDON (AP) — Britain is rejoining the European Union’s $100 billion science-sharing program Horizon Europe, the two sides announced Thursday, more than two years after the country's membership became a casualty of Brexit. British scientists expressed relief at the decision, the latest sign of thawing relations between the EU and its former member nation. Britain is also rejoining Copernicus, the EU space program’s Earth observation component. Relations between Britain and the bloc were severely tested during the long divorce negotiations that followed Britain’s 2016 vote to leave the EU. British scientists, who feared Brexit would hurt international research collaboration, breathed sighs of relief at the Horizon deal.

Persons: Copernicus, ”, Ursula von der Leyen, Rishi Sunak, “, Sunak, Boris Johnson, Johnson, Paul Nurse, Francis Crick, didn’t, Peter Kyle Organizations: EU, Horizon, Northern, Republic of Ireland, Labour Party, Labour Locations: Britain, EU, Northern Ireland, Republic of, Europe

☆ 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

☆ Ryanair CEO pied in the face by climate activists in Brussels
▼ + stars: | 2023-09-07 | by ( Lauren Kent | ) edition.cnn.com time to read: +2 min

London CNN —The CEO of Ryanair, Michael O’Leary, was pied in the face during a Thursday visit to Brussels in a stunt by climate activists. Ryanair says it has so far collected 1.8 million signatures on its online petition from members of the public. The incident was captured on video, and the activists can be heard shouting: “Welcome in Belgium. O'Leary stands in front of a lifesize cardboard version of Ursula von der Leyen, the EU Commission president. After being pied, the head of Europe’s largest airline carried on talking to the media outside the EU building, saying, “We’re here to discuss the petition.

Persons: Michael O’Leary, O’Leary, “, Michael O'Leary, O'Leary, Ursula von der Leyen, ”, — Organizations: London CNN, Ryanair, European Commission, EU Commission, EU, RTL, Reuters, International Energy Agency, Twitter Locations: Brussels, Belgium, Ukraine

☆ Britain rejoins EU's Horizon science programme in further boost for ties
▼ + stars: | 2023-09-07 | by ( Alistair Smout | ) www.reuters.com time to read: +3 min

Britain's Prime Minister Rishi Sunak during a visit to Kent Scientific Services in West Malling, Kent, Britain, May 30, 2023. The agreement, which excludes the EU's Euratom nuclear research scheme, signals a further improvement in bilateral relations seven months after a row over trade was resolved. Prime Minister Rishi Sunak's office said in a statement he had secured "improved financial terms of association" with the Horizon project. "This is the right deal for the UK, unlocking unparalleled research opportunities, and also the right deal for British taxpayers," Sunak said. Sunak's office said Britain would also associate with the European earth observation programme Copernicus, but not with the EU's Euratom programme, instead choosing to pursue a domestic fusion energy strategy.

Persons: Rishi Sunak, Daniel Leal, Sunak, Copernicus, Rishi Sunak's, Ursula von der Leyen, Alistair Smout, Kylie MacLellan, Elizabeth Piper, John Stonestreet Organizations: Britain's, Kent Scientific Services, REUTERS Acquire, EU, LONDON, Union's, Horizon, Twitter, Northern Ireland, Thomson Locations: West Malling, Kent, Britain, Horizon Europe, Europe, EU

NAIROBI, Kenya (AP) — Climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a global conversation about a carbon tax on polluters, Kenya’s president declared Tuesday as the first Africa Climate Summit got underway. He and other leaders urged reforms to the global financial structures that have left African nations paying about five times more to borrow money than others, worsening the debt crisis for many. Africa has more than 30 of the world’s most indebted countries, Kenya’s Cabinet secretary for the environment, Soipan Tuya, said. Africa’s GDP should be revalued for its assets, which include the world's second-largest rainforest and biodiversity, African Development Bank President Akinwumi Adesina said. “It is an African story, and I daresay it’s a global story, too.”___Follow AP’s coverage of the climate at https://apnews.com/climate-and-environment and of Africa at https://apnews.com/hub/africa

Persons: William Ruto, Tuya, John Kerry, Kerry, Joe Biden, ” Ruto, ”, Ruto, “ It’s, Sahle, Zewde, Akinwumi Adesina, Adesina, Martha Lusweti, Antonio Guterres, Ursula Von der Leyen, lullabies, Sierra, Julius Maada Organizations: Africa Climate Summit, European Union, Kenyan, United, United Arab Emirates, Development Bank, ”, International Monetary Fund Locations: NAIROBI, Kenya, Africa, China, United States, U.S, United Arab, United Nations, Europe, U.N, Africa's, Nigeria's Niger Delta, Uganda, Tanzania, South Africa, Nigeria, Egypt, Congo, africa

☆ G20 New Delhi summit 2023: Which countries and leaders will attend?
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +5 min

A paramilitary soldier stands guard outside Le Meridien hotel during a rehearsal ahead of the G20 Summit in New Delhi, India, September 2, 2023. BRITISH PRIME MINISTER RISHI SUNAKSunak is expected attend the summit on his first official trip to India as Britain's prime minister. GERMAN CHANCELLOR OLAF SCHOLZScholz has said the upcoming G20 summit in India remains important despite the absence of Russia and China. SOUTH AFRICAN PRESIDENT CYRIL RAMAPHOSARamaphosa has expressed full support for India's G20 presidency while conveying his intent to attend the summit. BANGLADESH PRIME MINISTER SHEIKH HASINABangladesh Prime Minister Sheikh Hasina is likely to attend the G20 summit in New Delhi, according to Indian media reports.

Persons: Le, Adnan Abidi, JOE BIDEN Biden, Biden, XI, Li Qiang, Xi Jinping, Xi, VLADIMIR PUTIN, Sergei Lavrov, Vladimir Putin, Putin, JUSTIN TRUDEAU Trudeau, Ukraine's Volodymyr Zelenskiy, Zelenskiy, RISHI SUNAK Sunak, KISHIDA, ANTHONY ALBANESE, YOON SUK, YEOL Yoon, OLAF SCHOLZ Scholz, EMMANUEL MACRON, Modi, SAUDI ARABIA'S CROWN PRINCE MOHAMMED BIN SALMAN, CYRIL RAMAPHOSA Ramaphosa, TAYYIP ERDOGAN, ALBERTO FERNANDEZ Fernandez, BOLA TINUBU Tinubu, LUIZ INACIO LULA DA SILVA, URSULA VON DER, CHARLES MICHEL The, SHEIKH HASINA, Sheikh Hasina, ANDRES MANUEL LOPEZ OBRADOR, JOKO, Aftab Ahmed, Shivangi, Nick Macfie Organizations: REUTERS, Criminal Court, ICC, BRITISH, AUSTRALIAN, SOUTH, Associated Press, SAUDI ARABIA'S CROWN, African Union, NIGERIA'S, LUIZ INACIO LULA DA SILVA Brazil, OF, EUROPEAN, CHARLES MICHEL The European Union, BANGLADESH, Thomson Locations: Le Meridien, New Delhi, India, DELHI, India's, Ukraine, U.S, RUSSIAN, Russia, South Africa, Africa, Indonesia, Philippines, China, Saudi, SHEIKH HASINA Bangladesh, Bangladesh, MELONI Italy

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