Taiwan’s vice-president, Bi-Khim Hsiao, urged the EU to boost security and trade ties with the self-governing island and support its democracy in the face of growing threats by China in a rare address to a group of international lawmakers in Brussels. “Peace in the Taiwan Strait is essential to global stability and economic continuity, and international opposition against unilateral changes to the status quo by force cannot be overstated,” Hsiao told lawmakers assembled for a China-focused conference in the European parliament building. While Hsiao did not formally address the whole…
Tag: European Union
World’s climate plans fall drastically short of action needed, analysis shows
Recently drafted climate plans from scores of countries fall drastically short of what is needed to stave off the worst effects of climate breakdown, analysis has shown. More than 60 countries have so far submitted national plans on greenhouse gas emissions to the UN, setting out how they will curb carbon for the next decade. Taken together, these plans would cut carbon by only about 10% by 2035 compared with 2019 levels. This is only about a sixth of the drop in global emissions needed to limit global heating to…
China’s Temu more than doubles EU profits to nearly $120m despite having only eight staff
The Chinese online marketplace Temu’s EU operations more than doubled pre-tax profits last year to just below $120m (£90m) despite employing just eight people, accounts show. They rose 171% in the 12 months to December 2024 compared with the $44.1m the year before, as shoppers snapped up its low-cost goods, which are widely promoted on social media. However, the company paid just $18m in corporation tax, almost $3m of which was a mandatory top-up tax brought in at the end of 2023 after the EU signed up to a global…
The Guardian view on the climate crisis: green energy is booming – but fossil fuels need to shrink too | Editorial
All is not lost, Simon Stiell, the UN’s climate chief, told the Guardian last week. But the latest planetary health check from the Potsdam Institute for Climate Impact Research is a brutal reminder of how close the Earth is being pushed beyond repair. Seven of the nine planetary boundaries are now breached, with ocean acidification added to the danger list. Yet the world has proved that cooperation works: the ozone layer is healing, air pollution controls are working. A decisive test looms at the end of the month, when governments…
Europe has lost one superpower ally – can it afford to be in the crosshairs of two? | Nathalie Tocci
Europe’s relationship with the US is unmoored, but it has also lost its bearings with regard to China, caught by competing forces that pull and push in opposite directions. Europe’s China policy used to be a function of Washington’s. When Barack Obama tried and then failed to pivot to Asia in 2011, sucked into turmoil in the Middle East instead, Europeans lulled themselves into the belief that their relationship with Asia could continue to be driven by trade, with security an afterthought. Despite rising tensions in the South China Sea,…
Trump or no Trump, Europe’s relationship with the US will never recover | Nathalie Tocci
Is the transatlantic rupture temporary or structural? Is Donald Trump the cause of the rift, or is the US president only a symptom of underlying trends? Optimists latch on to the hope that the stability we have lost can be restored post-Trump. Having spent the past few days in Washington, I doubt it. Even in recent history, things were not quite so bad for the transatlantic relationship. The current tensions make the first Trump administration look like a walk in the park for Europeans. It is one thing to withdraw…
Trump reportedly asks EU to impose 100% tariffs on India and China to put pressure on Russia
Donald Trump has asked the EU to impose tariffs of up to 100% on India and China as part of an effort to force the Russian president, Vladimir Putin, to end the war in Ukraine, according to reports. The US president made the demand during a meeting between US and EU officials discussing options to increase economic pressure on Russia on Tuesday, according to the Financial Times, BBC and Bloomberg, who cited multiple sources familiar with the discussions. One US official reportedly said that the Trump administration was “ready to…
Tesla sales in Europe slump 40% as BYD new car registrations more than triple
Tesla sales slumped 40% across Europe in July compared with a year earlier as Elon Musk’s electric car company faces increasingly tough competition from its Chinese rival BYD. There were 8,837 sales of Tesla cars last month across the EU, the European Free Trade Association and the UK, according to figures from the European Automobile Manufacturers’ Association (ACEA). That compared with 14,769 at the same point last year. New car registrations for BYD across Europe rose to 13,503 last month, compared with 4,151 a year earlier. BYD now has 1.2%…
The Guardian view on Trump’s tariffs: both a political and an economic threat | Editorial
Donald Trump’s 1 August tariffs deadline did what it was always intended to do. It kept the markets and the nations guessing amid last-minute uncertainty. It attempted to reassert the global heft of the United States economy to take on and master all comers. And it placed President Trump at the centre of the media story, where he always insists on being. In the event, there were some last-minute agreements struck this week, few of them fair or rational in trade terms, most of them motivated by the desire to…
As Trump’s tariff regime becomes clear, Americans may start to foot the bill
Burying the hatchet with Brussels, Donald Trump – flanked by the leader of the European Commission – hailed a bold new era of transatlantic relations, an ambitious economic pact, and declared: “This was a very big day for free and fair trade.” That was seven years ago. And then on Sunday, the US president – flanked by a different leader of the European Commission – hailed another new era of transatlantic relations, another economic pact and declared: “I think it’s the biggest deal ever made.” Trumpian hyperbole can typically be…