Is it a 'World' Cup if some people around the world are denied visas?
As the 2026 World Cup kicked off on 11 June across North America, U.S. visa restrictions and travel policies have made it impossible for supporters, ...
France, Italy, and Slovakia have urged the EU to simplify its carbon border levy rules this year, calling for reduced red tape and standardized emissions calculations to ease the burden on businesses.
France, Italy and Slovakia have demanded the EU amend its carbon border levy this year to simplify the rules for businesses covered by the scheme, a document seen by Reuters showed.
The European Commission has already proposed changes that would exempt 90% of companies from the carbon border levy, which from 2026 will impose costs on imports of CO2-heavy goods including steel and cement.
The policy is designed to shield European producers against cheaper rivals in countries with less ambitious climate laws, and prevent them shifting investments abroad to countries including the U.S., where the Trump administration is aggressively rolling back regulation.
France and Italy, the European Union's second and third-biggest economies, demanded on Thursday that Brussels goes further in paring back the policy's administrative rules. This could include by letting companies use standardised calculations for the emissions produced by goods, France, Italy and Slovakia said in a joint paper seen by Reuters.
This would ease the reporting burden for companies covered by the rules, they said, echoing broader calls from some governments and businesses for Brussels to cut red tape to help struggling industries regain a competitive edge.
"The complexity of this system can lead to delays and a significant increase in management and operational costs for European companies," the paper said.
EU countries and lawmakers must negotiate and approve the Commission's proposed changes to the carbon border tariff in the coming months - giving them an opportunity to make further changes to the rules.
The three countries said Brussels should also consider giving European exporting companies free CO2 permits, to help them compete in global markets with rivals that do not pay pollution costs.
Through its bloc-wide carbon market, the EU requires manufacturers to pay for each ton of planet-heating CO2 they emit. China and some U.S. states also have carbon markets, but Europe's CO2 price is far higher than that of other major economies.
EU countries' environment ministers will discuss the three countries' proposal at a meeting in Brussels on Thursday.
SpaceX has made history with the largest initial public offering ever in the United States, pricing its shares at $135 each and achieving a market valuation of $1.77 trillion.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
While France hosts next week’s Group of Seven summit, businesses in neighbouring Switzerland have already begun taking precautions, with many shops in Geneva boarded up ahead of a large anti-G7 demonstration expected on Sunday.
Italian Prime Minister Giorgia Meloni and Polish Prime Minister Donald Tusk have criticised Britain, France and Germany for leaving them out of talks with Russia about a potential future peace deal for Ukraine.
Formula 1 driver Pierre Gasly’s Monaco Grand Prix podium has been reinstated after Alpine successfully challenged his post-race penalties through a Right of Review request with the FIA.
France’s parliament has formally recognised state responsibility for the use of the toxic pesticide chlordecone in Martinique and Guadeloupe, marking a significant step in addressing decades of environmental contamination and public health concerns.
Financial markets are significantly underestimating the economic impact of biodiversity loss, potentially leaving countries exposed to sovereign debt crises and rising borrowing costs, according to new research published on Friday.
Wildlife researchers have identified dozens of previously unknown insect species during an expedition to Angola’s remote Lisima Plateau, a conservation group announced on Wednesday.
Global weather forecasters predict a strong El Niño will develop in the second half of 2026, bringing hotter, drier conditions to much of Asia while increasing rainfall in parts of North and South America.
Google has asked U.S. regulators for permission to release up to 32 million sterilised mosquitoes in California and Florida as part of its experimental “Debug” programme aimed at reducing populations of disease-carrying insects.
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