live U.S. downs Iranian drones as strikes deepen tensions in Gulf
The United States and Iran have traded fresh strikes, with the U.S. hitting military sites and Iran launching missiles and drones at bases and ship...
The European Parliament has approved a relaxation of car and van CO₂ emissions targets, giving automakers more time to comply and potentially avoid billions in fines, following concerns over their readiness to meet 2025 goals.
European carmakers will now have additional time to meet EU carbon emissions targets, after the European Parliament backed a proposal to soften the rules - potentially reducing fines estimated at up to €15 billion.
The move comes amid concerns that the original targets, which rely heavily on the rapid rollout of electric vehicles, would be difficult to meet given that many European automakers lag behind their Chinese and American competitors in EV sales.
In response to sustained lobbying from the industry, the European Commission proposed that carmakers be assessed on their average emissions over the 2025-2027 period, rather than solely in 2025. The Parliament voted 458 in favor, 101 against, with 14 abstentions.
European Commission President Ursula von der Leyen defended the decision, saying it would offer manufacturers “breathing space.” Despite the change, Volkswagen noted that the extended compliance window would still present a significant challenge in 2025.
However, critics argue that automakers have had ample time - seven years - to prepare for the targets, and claim the projected fines have been significantly overstated.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
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.
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.
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.
Sierra Leone’s First Lady, Fatima Jabbe-Bio, has lost her London social housing flat after a UK council seized it.
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.
Ukraine will increase military wages and expand recruitment of foreign volunteers, President Volodymyr Zelenskyy announced on Friday, as the armed forces face a critical personnel shortage after more than four years of war with Russia.
Poland will receive a new $4 billion loan from the United States through the Foreign Military Financing (FMF) programme, strengthening defence ties between the two NATO allies as Warsaw continues a major military modernisation drive.
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.
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