The U.K.’s country-specific tariff-free quotas total about 1 million metric tons. This rises to 2.14 million tons when shared quota pools offered to FTA partners are factored in. “We will need some time to analyse the specific details of the announcement with respect to different product categories,” said Rajesh Nair, chief executive officer of Tata […]
Continue ReadingThe remarks were a direct response to Macron, who earlier on Monday said he had discussed the maritime mission with Oman’s Sultan Haitham bin Tarik and agreed to safeguard shipping and guarantee “free and unconditional passage” through the waterway. Tehran also cast doubt on the U.S.-Iran talks expected to take place in Doha this week. […]
Continue ReadingDoubling down on drones While the release of the much-delayed DIP meets a key demand from allies and the U.K.’s military-industrial complex, the implementation will rely on Andy Burnham, who is expected to take over as prime minister later this summer. Under the plan, the U.K. will get some of the way to meeting NATO’s […]
Continue ReadingOne of the most potentially explosive elements of VW’s reported plan is the possible spin-off of at least parts of the company into a separate entity. Experts say management may be seeking to create a corporate structure that would give it greater freedom to decide the future of factories and jobs, without the constraints of […]
Continue ReadingThe two sides issued a joint statement on the topic, the first of its kind since 2019, although Šefčovič briefed reporters alone after the bilateral. The talks were due to continue Monday evening before Wang travels to Britain on Tuesday. The platform will be divided into four main categories: trade and investment balancing, export controls, […]
Continue ReadingSome 360,000 of the over 900,000 people who applied by mid-June have already been granted provisional work and residence permits, according to officials. Sánchez has defended the measure as recognition for those who already contribute to Spain’s economy, but the legalization scheme has been challenged by the center-right People’s Party and far-right Vox group. Last […]
Continue ReadingOther areas needed deciphering. Burnham promised “the biggest council house building program since the post-war period,” after millions of state-funded homes were sold off under Margaret Thatcher’s right-to-buy policies. Aides later clarified that he meant the biggest program since the end of the post-war period — not since the end of the Second World War […]
Continue ReadingBrussels, in response, stopped short of engaging directly with the criticism. “We do not usually comment on comments,” Paula Pinho, chief Commission spokesperson, told POLITICO on Monday. European External Action Service spokesperson Anouar El Anouni reiterated the bloc’s standard position, saying the EU “calls for respect for international law, and this at all times and […]
Continue ReadingMarket liquidity needs to be restored. With the current EU ETS parameters, the supply of CO2 allowances on the primary market will end around 2040. The Market Stability Reserve (MSR) will be empty by that time and will not be able to mitigate supply constraints, which will probably occur due to economic recovery after the […]
Continue ReadingAfter an Iranian projectile struck a cargo vessel in the Strait of Hormuz on Thursday, the U.S. military on Saturday said it had struck Iranian surveillance infrastructure, communications systems, air defense sites, drone storage facilities and minelaying capabilities. Iran responded by launching missiles and drones at U.S. military sites in Bahrain and Kuwait after fresh […]
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