European industry has bristled at EU plans to force businesses to diversify their supply chains away from China, as the bloc gears up for a new package of de-risking measures later this year. In December, the European Commission will present a trio of new instruments, none of which will name China, but the overall aim is to wind down dependencies on Beijing and allow the EU to punch back in a trade war scenario. One tool – DiversifyEU – could compel businesses in key sectors to expand their...
Brussels wants industry to ditch Chinese suppliers. Businesses are pushing back
Industry groups and firms say a new EU tool is regulatory overreach, and it could drive up costs and force them into impossible decisions
One tool – DiversifyEU – could compel businesses in key sectors to expand their supplier base, potentially through the use of tariffs or by incentivising via access to public contracts and subsidies.
Gesundheitsminister Linnemann hält Einschnitte bei der Pflegeversicherung für möglich. Angesichts steigender Kosten müssten rund zehn Prozent eingespart werden. Der CDU-Politiker setzt auch auf private Vorsorge.
The soldiers are clearing roads adjacent to the city of unexploded ordnance to facilitate the delivery of aid and the evacuation of residents
Un bombolone alla crema come arma del delitto. È l'ipotesi al centro di un'indagine dei carabinieri di Reggio Emilia che ha portato ai domiciliari un 76enne: l'uomo avrebbe ucciso, con premeditazione, il cugino disabile, per l'eredità. In particolare avrebbe fatto avere alcuni dolci al parente 74enne di cui era tutore legale, pur sapendo che soffriva di una…
Two friends claimed trial to a charge of animal cruelty at the Sessions Court in the Malaysian state of Penang for allegedly dragging a dog tied to a motorcycle last month. Lee Beng Hooi and Yeoh Keat Chye, both 62, pleaded not guilty to the charge read before judge Irwan Suainbon on Thursday. They were jointly charged with dragging a female black dog on an iron chain along the road using a motorcycle, causing the animal unnecessary pain and suffering. The offence allegedly occurred along a back
Chinese tech giant Tencent Holdings is using Southeast Asia as a launch pad to take its “cost-effective” artificial intelligence tools global, fronted by its workplace assistant WorkBuddy, amid cutthroat competition at home. The company was targeting existing regional customers of its cloud computing and big data services, particularly in markets such as Indonesia, according to Dowson Tong, CEO of Tencent’s Cloud and Smart Industries Group. The international push coincided with triple-digit...
The EU will repay last year’s loan worth 90 billion euros after the conflict ends, but the interest rates are already weighing on the next budget