Meanwhile, Vietnam has been allocated seed funding worth $2 million by the U.S. for semiconductor development initiatives, and there’s been increasing cooperation between Vietnamese and American companies on chip manufacturing. Not to be left behind, Infineon has also decided to expand hiring by hundreds in its Vietnam office as well. All this sounds positive — … Read more
The comments came after Kyiv indicated it would not engage in direct negotiations with Russia, but is working to build a coalition of intermediaries to help end the war. There is hope in Kyiv that a broad coalition, including some Russia-leaning countries, can push Ukrainian President Volodymyr Zelenskyy’s 10-point peace formula and get Moscow to … Read more
The coffee bush likes tropical climates and elevation, and grows in a belt around the equator. It is the cherries of the plant, which turns bright red when ripe, that are used to make the hot drink. They’re gathered, stripped, dried, roasted and finally ground and ready to use. Sounds like hard work, doesn’t it? … Read more
Indonesia is skeptical of the environmental conditions the EU attaches to trade deals; India showed less interest in cutting a deal before Prime Minister Narendra Modi’s recent election for a third term; and France led a campaign to stop the Mercosur accord, which has been two decades in the making. Scholz’s speech echoed remarks he … Read more
“First of all, we need to reduce the price of energy,” minister said Draghi. Industry pays two to three times as much for electricity in Europe as in the U.S., and this is “a major competitive disadvantage,” Draghi said, adding that a fragmented and undeveloped energy market across the EU has made the situation worse. … Read more
With the European Commission poised to slap tariffs on imports of Chinese electric vehicles, the BNIC — whose members employ 70,000 people and account for nearly €4 billion in export sales — fears that this move will escalate simmering trade tensions with Beijing. In response to the investigation into state subsidies for Chinese EVs, which Paris supported, … Read more
Lange denied that Krah’s office had retrieved documents with the classification level “restricted” via the trade committee. The “limited/sensitive” classification refers to sensitive content that is not necessarily subject to confidentiality. “Maximilian Krah has never received any EU Restricted documents” in the trade committee, Lange said. But Lange said the full extent of the scandal … Read more
The Chinese leader was responding to an investigation Brussels launched last year into Beijing’s electric vehicle subsidies. More recently the European Commission has announced a probe into state support for Chinese wind turbines being pitched for European generation projects, which followed similar checks on rail and solar projects. He told Scholz, who was in China … Read more
Westminster is likely to treat Greenway’s comments with a pinch of salt. One of the key sticking points in talks has been agricultural imports, and British resistance to opening its market to hormone-treated beef and chlorinated chicken — an issue that also scuttled the U.K.’s trade talks with Canada in January. “I hope that the … Read more
Washington was pushing to “put China in the text every two sentences,” said one European diplomat who was granted the condition of anonymity to speak candidly. “It kept hammering on the Chinese nail.” To Washington’s satisfaction, the two sides committed to team up with other countries to tackle “China’s non-market policies and practices in the … Read more
