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
Wang said the global economy is like “a big ocean that cannot be cut into isolated lakes,” adding: “The trend toward economic globalization cannot be reversed.” On the sidelines of the Munich conference, Wang met with U.S. Secretary of State Antony Blinken in a meeting that was as “candid, substantive and constructive,” according to a … Read more
EU finance ministers will call on G20 countries to finalize global corporate tax reforms that would hit international companies such as U.S. tech giants Google, Amazon and Apple, according to a document obtained by POLITICO. The EU’s “Terms of Reference,” drawn up by national treasury officials, will serve as the basis of the bloc’s negotiating … Read more
The talks come as the European Solar Manufacturing Council (ESMC), the body representing photovoltaic producers, this week sent a letter to Brussels appealing for “urgent” measures including a swift, EU-led buyout of their inventories. The group argues that subsidized Chinese mass production of solar modules — which currently sell for half the price of their … Read more
BERLIN — The German government U-turned on its policy of blocking the sale of Eurofighter Typhoon fighter jets to Saudi Arabia over the Gulf kingdom’s human rights record — but it still has qualms about its shift. A spokesperson for the German economy ministry said Monday that the human rights situation in Saudi Arabia “does … Read more
