Prime Minister Viktor Orbán has long been accused of dismantling democratic institutions and violating the EU's standards on the rule of law, leading the bloc's legislature in May to call for the presidency to be taken out of Hungary's hands entirely.
Credit: euronews (in English) Duration: 02:19Published
India and Egypt continue to enhance their defence cooperation with the fourth joint air force exercise held from June 21-26, 2024. Amid strengthening ties,.. IndiaTimes
China Accuses EU , of Unjustified Tariff Hike , on Electric Vehicles.
'The Independent' reports that China's Commerce
Ministry has accused the European Union of conducting
an unreasonable investigation and implementing
an unjustified increase in tariffs. .
'The Independent' reports that China's Commerce
Ministry has accused the European Union of conducting
an unreasonable investigation and implementing
an unjustified increase in tariffs. .
On June 20, ministry spokesman He Yadong accused
the EU of demanding an excessive amount
of information from Chinese automakers. .
The types, scope, and amount
of information collected by the
European side are unprecedented,
far exceeding the requirements
of anti-subsidy investigations, He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
According to He, this information included details on
everything from manufacturing to product formulas
from Chinese electric car and battery producers.
After Chinese companies
did their best to cooperate
with the investigation and
provided information, .., He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
... the European Commission still
unreasonably accused Chinese
companies of not fully cooperating
and imposed punitive high tax rates, He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
He added that Chinese companies involved
with the investigation were left
feeling "shocked and disappointed.".
The spokesman went on to state that any
additional measures or provisional increases
in tariffs lack a "factual and legal basis.".
'The Independent' reports that the EU plans
to impose new provisional tariffs between 17.4%
and 38.1% on Chinese EVs starting on July 4. .
Those tariffs would apply to all
foreign brands of electric vehicles
exported to the EU, including Tesla. .
The EU has stated that it wants to discuss
its investigation with authorities in China
and seek a way to resolve any issues.
Credit: Wibbitz Top Stories Duration: 01:31Published
G7 Agrees to Use $50 Billion , in Frozen Russian Assets , to Fund Ukraine.
'The Independent' reports that G7 leaders reached
a deal to repurpose profits from frozen Russian
assets worth about $50 billion to support Ukraine.
'The Independent' reports that G7 leaders reached
a deal to repurpose profits from frozen Russian
assets worth about $50 billion to support Ukraine.
The decision was made after Ukrainian President
Volodymyr Zelensky said he expected the group to
make some "important decisions" at the summit in Italy.
G7 members agreed to provide funds with profits
earned on Russia's frozen central bank assets, most
of which are held by the European Union, as collateral. .
G7 members agreed to provide funds with profits
earned on Russia's frozen central bank assets, most
of which are held by the European Union, as collateral. .
Leaders expressed that the agreement
was meant to show unity in the face
of Russian aggression in Ukraine.
It’s a very strong message
to Putin that Putin cannot
outlast us, and we will stand
by Ukraine as long as it takes, Ursula von der Leyen, European Commission
president, via 'The Independent'.
It is not European
taxpayers that are
paying for the Russian
damage [in Ukraine]
but it is Russia, Ursula von der Leyen, European Commission
president, via 'The Independent'.
'The Independent' reports that the measure relies upon
dividends and maturities from approximately $300
billion in assets frozen when Russia invaded Ukraine in 2022.
'The Independent' reports that the measure relies upon
dividends and maturities from approximately $300
billion in assets frozen when Russia invaded Ukraine in 2022.
The decision comes as a major boost for
Ukraine as Kyiv fights through a grueling
2024 against a better-equipped Russia.
Finally, we see the first step of
fairness in making sure that the
aggressor, and not the good people
from countries that support us,
are paying for Ukraine’s victory, Kira Rudik, Opposition leader in
Kyiv’s parliament, the Verkhovna Rada,
via 'The Independent'.
We applaud this step.
We hope that it is only
the first of many more
steps. And we will use
this money wisely, Kira Rudik, Opposition leader in
Kyiv’s parliament, the Verkhovna Rada,
via 'The Independent'
Credit: Wibbitz Top Stories Duration: 01:31Published
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