Ford cuts EV plans as demand falls and policy shifts take effect
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from ...
European Commission President Ursula von der Leyen and European Council President Antonio Costa met Chinese President Xi Jinping in Beijing on Thursday for a one-day summit focused on trade imbalances, rare earths, and Ukraine, amid escalating tensions between the two sides.
They're expected to focus on trade disputes and geopolitical concerns such as Ukraine.
The one-day meeting comes amid strained relations between the European Union and China, marked by disagreements over market access, rare earth exports, electric vehicles (EVs), and industrial overcapacity. Both European leaders also met with Chinese Premier Li Qiang to address what they called a growing imbalance in trade relations.
Ahead of the summit, von der Leyen struck a measured tone on X, formerly Twitter, saying the talks were an opportunity to “advance and rebalance” EU-China ties.
“I’m convinced there can be a mutually beneficial cooperation,” she wrote.
In contrast, the weeks leading up to the talks saw increasingly hawkish rhetoric from Brussels, with officials warning about Chinese market practices and calling for a more assertive stance.
China’s state news agency Xinhua appeared to tone down tensions, calling the summit a chance to focus on “shared interests” and reminding readers that China should be viewed as a “critical partner,” not just a systemic rival.
“These areas of common ground should not be eclipsed by isolated points of friction,” it said.
Despite the challenges, both sides reaffirmed their commitment to economic cooperation, with von der Leyen calling for “mutually beneficial ties.” However, observers noted a hardened stance from Beijing.
“China has come away emboldened from its confrontation with Trump,” Zuleeg said, adding that Beijing now sees “less of a need to woo Europe.”
China remains the EU’s second-largest trading partner, but divisions on security, values and global governance continue to define the relationship.
Russia’s human rights commissioner, Tatyana Moskalkova, has said that Ukraine has not provided Moscow with a list of thousands of children it alleges were taken illegally to Russia, despite the issue being discussed during talks in Istanbul.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
At least 17 people, including students, were killed and 20 others injured after a school bus fell off a cliff in northern Colombia on Sunday, authorities said.
At least 14 people have died and 32 others were injured after flash floods swept through Morocco’s Atlantic coastal city of Safi on Sunday, authorities said.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Schools across Cambodia and Thailand were forced to close on Monday as border clashes between the two countries escalated, with the death toll reaching at least 40 and hundreds of thousands of people displaced, according to officials and local media.
Police in Providence are going door to door for home surveillance footage as the hunt continues for the shooter who killed two Brown University students and injured seven others. Authorities have released fresh video and say a detained "person of interest" is now free.
Ukrainian President Volodymyr Zelenskyy engaged in high-level talks in Berlin from December 14 to 15, 2025, with German Chancellor Friedrich Merz, U.S. envoys, and European leaders, focusing on security guarantees and the framework for a potential peace deal with Russia.
European Commission President Ursula von der Leyen said “nothing about Ukraine without Ukraine” after talks in Berlin, stressing that decisions on Ukraine’s future and territorial issues must be taken by Kyiv itself.
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