However, as parliamentary proceedings have played out, it has become increasingly clear that to pass his budget, Barnier will need to use a constitutional back door that allows him to enact legislation without a vote — but in turn allows lawmakers to put forward motions of no confidence. An alliance of pan-left lawmakers has already vowed … Read more
He appeared to get support on Thursday from the influential Bank of France Governor François Villeroy de Galhau, who argued that “the balance of risks on growth and inflation is … shifting to the downside,” and that possible U.S. tariffs are unlikely to change the eurozone inflation outlook in particular. The ECB cut its benchmark … Read more
During the campaign ahead of the Nov. 5 presidential election in the U.S., Trump said he would pull his country out of the Paris climate agreement, something he did in 2017 during his first term. Current U.S. President Joe Biden had the U.S. rejoin the pact in one of his first acts upon assuming office … Read more
The chancellor made the remarks while speaking Thursday night at her first Mansion House event, where she also outlined reforms to boost the City of London by allowing extra risk in the U.K. financial system, among other policy maneuvers. Donald Trump won the U.S. election in a landslide last week, and has pledged to impose … Read more
The Trump administration “will continue to protect [its interests] at the risk of dismantling value chains between Europeans and Americans,” Macron warned, while urging Brussels to take action with a more aggressive trade policy of its own, building on the example of recent EU tariffs on Chinese electric vehicles. “Trump’s election is a moment of … Read more
Keir Starmer flies into a COP29 climate summit overshadowed by Donald Trump’s reelection. Does the climate-conscious British PM have the will (and the cash) to fill a climate leadership vacuum? 4 HRS ago 5 mins read Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In … Read more
Donald Trump’s imminent return to the White House was not the surprise it was when he won his first term, Chinese officials have said, and this time, policy strategy and contingencies have been planned well in advance. When Trump won the 2016 US presidential election, Beijing, like the rest of world, was caught off guard … Read more
A mere 30 per cent of the American public believe trade with China has created “some or a lot of jobs” in their state, a new study revealed in the lead-up to the US election. The East-West Centre, a Washington-based research organisation, found in a survey that a slight majority of the American public – … Read more
The Commission also interpreted the silence of two countries — Czechia and Greece — as assent, bringing the total to 12. On a weighted basis, that adds up to more than 60 percent of the EU population in favor of the duties. Czechia has a sizable car industry and could conceivably vote against if push comes … Read more
At the heart of the ongoing reversal of globalisation lies a deficit of political trust. Despite the continued logical appeal of globalisation, geopolitical tensions and concerns about national security and employment are fuelling tariffs and sanctions, as well as artificially inflating the cost of trade. Meanwhile, at the people-to-people level, flights between China and the … Read more
