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.
Armenia has officially approved joining the Ashgabat Agreement, aiming to enhance its regional transit role and secure broader access to international markets through a key transport and transit corridor spanning Central and South Asia.
Ukraine has accused Russia of breaching a 72-hour ceasefire ahead of Russia’s annual May 9 military parade, with both sides exchanging accusations of violations and continued clashes reported on the ground.
The European Commission has proposed potential countermeasures on up to €95 billion worth of US goods should ongoing trade negotiations with Washington fail to resolve current tariff disputes.
Turkmenistan will host the next session of the High-Level Working Group on the Caspian Sea, following constructive discussions in Moscow among the five littoral states on maritime cooperation and legal frameworks.
Germany's domestic intelligence agency has temporarily paused labeling the Alternative for Germany (AfD) as extremist following a legal challenge, stirring debate across the political spectrum.
Armenia has officially approved joining the Ashgabat Agreement, aiming to enhance its regional transit role and secure broader access to international markets through a key transport and transit corridor spanning Central and South Asia.
Ukraine has accused Russia of breaching a 72-hour ceasefire ahead of Russia’s annual May 9 military parade, with both sides exchanging accusations of violations and continued clashes reported on the ground.
The European Commission has proposed potential countermeasures on up to €95 billion worth of US goods should ongoing trade negotiations with Washington fail to resolve current tariff disputes.
Turkmenistan will host the next session of the High-Level Working Group on the Caspian Sea, following constructive discussions in Moscow among the five littoral states on maritime cooperation and legal frameworks.
Germany's domestic intelligence agency has temporarily paused labeling the Alternative for Germany (AfD) as extremist following a legal challenge, stirring debate across the political spectrum.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
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Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
On the 25th anniversary of the Gates Foundation, Bill Gates announced plans to donate nearly all of his personal wealth over the next two decades, aiming to provide $200 billion in support to the world’s poorest communities, especially as global aid budgets face significant reductions.
In a move to strengthen its disaster preparedness, Morocco plans to invest 7 billion dirhams ($760 million) in emergency supplies and storage platforms across the country, following the devastating 2023 earthquake in the High Atlas Mountains.
Ukraine has accused Russia of breaching a 72-hour ceasefire ahead of Russia’s annual May 9 military parade, with both sides exchanging accusations of violations and continued clashes reported on the ground.
The European Commission has proposed potential countermeasures on up to €95 billion worth of US goods should ongoing trade negotiations with Washington fail to resolve current tariff disputes.
Germany's domestic intelligence agency has temporarily paused labeling the Alternative for Germany (AfD) as extremist following a legal challenge, stirring debate across the political spectrum.
Armenia has officially approved joining the Ashgabat Agreement, aiming to enhance its regional transit role and secure broader access to international markets through a key transport and transit corridor spanning Central and South Asia.
Ukraine has accused Russia of breaching a 72-hour ceasefire ahead of Russia’s annual May 9 military parade, with both sides exchanging accusations of violations and continued clashes reported on the ground.
The European Commission has proposed potential countermeasures on up to €95 billion worth of US goods should ongoing trade negotiations with Washington fail to resolve current tariff disputes.
Turkmenistan will host the next session of the High-Level Working Group on the Caspian Sea, following constructive discussions in Moscow among the five littoral states on maritime cooperation and legal frameworks.
Germany's domestic intelligence agency has temporarily paused labeling the Alternative for Germany (AfD) as extremist following a legal challenge, stirring debate across the political spectrum.
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