China is willing to consider alternative possibilities while the European Union investigates new tariffs on Chinese electric vehicles. The EU's decision to send a mission to China for additional talks has been welcomed by Beijing, indicating growing opposition to these proposed measures among EU member states.
During a video meeting, European Commission Executive Vice-President for the Economy Valdis Dombrovskis and Chinese Commerce Minister Wang Wentao decided to start discussions, concentrating on possible minimum price pledges from Chinese producers or investment in Europe as alternatives to tariffs. China's Ministry of Commerce said it hopes these talks will be "pragmatic" and "balanced," resulting in a settlement that benefits both parties.
Hungary and the UK are among the nations that have expressed opposition to the EU's proposed tariffs. The promotion of clean technology and carbon reduction targets are not aided by such tariffs, according to Ada Nagy, Deputy State Secretary for Industry Affairs, Ministry for National Economy of Hungary. He underlined that consumers are likely to choose conventional fuel-powered vehicles over new energy alternatives in the absence of incentives.
The EU's decision, according to Jack Perry, Chairman of the UK's "48 Group Club," is shortsighted and might impede the expansion of the EU's electric car sector and keep it behind the rest of the world in terms of renewable energy developments. Although the strategy may appear advantageous in the short run, he contended that it could cause consumers to face long-term expenditures and slow down the shift to electric vehicles.
Both parties believe that as conversations continue, a solution will be reached that balances economic interests with environmental responsibilities and encourages sustainable growth in the electric vehicle market.
China’s 41st Antarctic expedition team has reached Qinling Station, the nation’s fifth research base, to restore power, build infrastructure, and study climate change impacts on the Antarctic ecosystem, marking a key milestone in the country’s polar exploration efforts.
Chinese President Xi Jinping made a short visit to Morocco on Thursday, according to state media from both countries to strengthen ties and highlight Chinese investments in the country’s infrastructure and EV sector.
China will expand its visa-free policy to include Japan, Bulgaria, Romania, Croatia, Montenegro, and other nations from November 30, 2024, to December 31, 2025. The country will also extend the visa-free stay period for all 38 participating countries from 15 to 30 days to boost tourism and trade.
China is open to trade talks with the US, confident it can withstand potential tariffs. The government has introduced measures to support businesses, while the central bank aims to keep the yuan stable amid trade tensions.
Taiwan's President Lai Ching-te will visit Pacific allies Palau, the Marshall Islands, and Tuvalu at the end of the month. Details of any U.S. stopovers, typically included in such trips, remain unclear.
The agreement, finalised at COP29 in Baku, Azerbaijan, establishes that developed countries will contribute $300 billion annually by 2035 to assist poorer countries in mitigating the effects of climate change.
Delegates at COP29 in Baku push for consensus on climate finance targets, with calls for urgent action to address the global climate crisis as negotiations intensify.
Short-term rental owners in Croatia protested against proposed tax hikes, claiming the measures unfairly target low-income earners and threaten their livelihoods. The government argues the changes aim to tackle a housing crisis driven by tourism demand.
Global tensions rise at COP29 in Baku as developing nations reject the proposed $300B climate finance goal, demanding at least $500B annually to address urgent needs. Negotiations face a breaking point as blocs threaten to walk out over unmet demands.
Negotiations at COP29 in Baku face a critical impasse as sharp divisions over climate finance and fossil fuel commitments threaten progress.
"Come up with the video in its full form," demands the COP29 CEO, Elnur Soltanov, in an exclusive interview with AnewZ. The chief executive has broken his silence on the claims he was using his position to organise potential fossil fuel deals.
The United Nations COP29 climate change conference in Baku seeks $1 trillion annually to help vulnerable nations tackle climate change, as political tensions and Argentina’s withdrawal overshadow talks.
The IMF has approved the third review of Sri Lanka's $2.9 billion bailout, releasing $333 million in funding. While signs of economic recovery emerge, the country still faces critical debt restructuring challenges to move forward with the programme.
All three major indexes posted weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy.
The agreement, finalised at COP29 in Baku, Azerbaijan, establishes that developed countries will contribute $300 billion annually by 2035 to assist poorer countries in mitigating the effects of climate change.
Delegates at COP29 in Baku push for consensus on climate finance targets, with calls for urgent action to address the global climate crisis as negotiations intensify.
Short-term rental owners in Croatia protested against proposed tax hikes, claiming the measures unfairly target low-income earners and threaten their livelihoods. The government argues the changes aim to tackle a housing crisis driven by tourism demand.
Global tensions rise at COP29 in Baku as developing nations reject the proposed $300B climate finance goal, demanding at least $500B annually to address urgent needs. Negotiations face a breaking point as blocs threaten to walk out over unmet demands.
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