Trump says U.S. agrees to resume Iran talks, ceasefire is 'over'
U.S. President Donald Trump said Washington has agreed to resume talks with Iran after Tehran requested further negotiations, but declared that last m...
European carmakers have urged the European Union to make sure new “Made in EU” rules do not put existing investments in Türkiye and Morocco at risk.
The appeal comes as the EU prepares its proposed Industrial Accelerator Act, which aims to strengthen Europe's industrial base and reduce reliance on third countries for key industries.
In a position paper, the European Automobile Manufacturers’ Association (ACEA) said it supports the overall goal of boosting European manufacturing. However, it warned that the current proposal could unintentionally disrupt long-established supply chains and weaken investments made under existing EU rules.
ACEA said giving preference to production within the EU’s 27 member states is a reasonable objective, but argued that the changes should be introduced gradually.
It also called for targeted exemptions to protect investments already made in neighbouring countries that are closely linked to Europe’s automotive industry.
“The Industrial Accelerator Act’s full policy toolkit should take into account ACEA members’ existing operations in the EU’s closely integrated neighbourhood of Türkiye and Morocco,” the association said. It added that companies which invested in good faith should not see those investments lose their value.
The group also urged the EU to measure European content at the level of the finished vehicle rather than individual parts. It said this would better reflect the value created through research and development, engineering expertise and skilled workers.
ACEA also called for the United Kingdom to be treated as an equal partner under the “Made in EU” framework, pointing to the close links between British and European automotive supply chains.
The association said the new rules should be supported by practical incentives, realistic deadlines for localising production and simpler reporting requirements.
Without those measures, it warned, manufacturers could face higher costs without making Europe a more attractive place to build vehicles.
It has been a punishing week for large parts of China, and forecasters warn the worst may not be over. After Typhoon Maysak left a trail of destruction and at least 23 people dead, Super Typhoon Bavi is now threatening the country's eastern coast.
At least 12 people have been killed in forest fires in Almeria in southern Spain, Andalucía’s emergency agency has said, as firefighters continue efforts to put out the blaze.
The death toll from Venezuela's twin earthquakes has risen to 3,811, according to figures released by National Assembly President Jorge Rodriguez on Wednesday.
U.S. President Donald Trump said Washington has agreed to resume talks with Iran after Tehran requested further negotiations, but declared that last month's ceasefire between the two countries was "over".
The U.S. military said on Wednesday it launched fresh strikes on Iran to keep the Strait of Hormuz open to shipping, triggering Iranian attacks on Kuwait and Bahrain in the latest escalation to derail efforts to end the war.
China has approved fast-fashion retailer Shein's long-awaited initial public offering (IPO) in Hong Kong, clearing the way for the company to pursue a stock market listing after previous attempts in the U.S. and London failed.
Microsoft is expected to announce a new round of job cuts as early as next week as the technology giant looks to reduce costs, according to reports.
A Swedish court has ordered Alphabet-owned Google to pay about $1.5 billion in antitrust damages to price comparison platform PriceRunner, in one of Europe's largest competition-related awards against a major technology company.
U.S. President Donald Trump earned more than $1bn from cryptocurrency-related business ventures last year, according to his mandatory 2025 financial disclosure.
Rocket Lab has agreed to acquire Iridium Communications in an $8 billion deal, giving the space company a global satellite communications network and accelerating its expansion beyond launch services. The acquisition marks a major step in its ambition to become a fully integrated space business.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment