How VW should be brought to "China Speed". Ralf Brandstätter has been in charge of Volkswagen in China for five months. The political situation is tricky, but Brandstätter sees two reasons why the carmaker has to stay there.By Max Haegler and Florian Mueller source site
Association of the Bavarian Energy Industry warns of shortages and increased dependence on natural gas after nuclear energy is phased out. source site
Dutch MEP Mohammed Chahim is probably quite tired this Tuesday morning, but he is also proud: "After ten hours of non-stop negotiations, we have reached an historic agreement," said the Social Democrat his press conference in the European Parliament in Strasbourg. The result of these tough talks is that the EU will gradually introduce an explosive climate tariff in the coming years. The system is intended to make imports from Asia, Africa or America more expensive if manufacturers there can...
A new “carbon tax” in Europe. On Tuesday, the European Parliament and EU member states announced that they had agreed to adopt an unprecedented mechanism aimed at greening industrial imports from Europe by charging for the carbon emissions linked to their production.Commonly called "carbon border tax" although it is not a tax as such, this unprecedented mechanism on this scale will consist in applying to imports from the Twenty-Seven the criteria of the European carbon market, where the industrialists in...
Status: 06.12.2022 12:19 p.m The EU Parliament and the member states have agreed on a law to protect the rainforest. It aims to ensure that no more deforestation-related products are manufactured or sold in the EU. The EU has agreed to ban various goods and raw materials from deforested areas. From 2023, this will include cocoa, coffee, palm oil, soybeans, wood, rubber, charcoal, printed paper products and meat. Products that contain these raw materials also fall under this new law....
Even if there is unlikely to be a ban on selling firecrackers and rockets on New Year's Eve, imports of fireworks are currently well below the pre-Corona level. From January to September 2022, around 5,700 tons of fireworks were imported to Germany, as the Federal Statistical Office in Wiesbaden announced on Tuesday. That was 81 percent less than in the same period of the pre-Corona year 2019, when it was 29,800 tons. Compared to the previous year, the import of...
Dramatic changes on the energy market, fateful dependencies - in the past few months, the need to expand renewable energies has become clear. "When will the Würmtal become energy self-sufficient?" The mayors of the municipalities in the Würmtal investigated this question during the panel discussion in the Kupferhaus in Planegg on Saturday. The municipality of Planegg hosted the "Würmtal Energy Day", which took place for the first time after a two-year Corona break. The heads of the town hall first...
Status: 08/22/2022 12:28 p.m Because Turkey has not imposed sanctions on Russia, the relatively cheap oil that comes from there is particularly attractive at the moment. Compared to the previous year, Turkey has more than doubled its oil imports from Russia. Russian oil exports to Turkey have more than doubled this year. This emerges from data published in the morning by the financial service provider Refinitiv. Imports of Russian oil to Turkey this year have averaged more than 200,000 barrels...
The eurozone's trade deficit surprisingly widened in June. According to the statistics office Eurostat, the seasonally adjusted deficit rose by 3.6 billion to 30.8 billion euros compared to May. Economists had expected a decline. In April, at 32.3 billion euros, by far the highest foreign trade deficit in the currency area's existence was recorded. Significantly increasing imports and weakening exports are weighing on the trade balance. Exports fell by 0.1 percent in June. Imports, on the other hand, increased by...
