EU mulls tightening flight delay compensation rules for passengers

SummaryForeign manufacturers in China face severe tariffs of 125% on component imports and 145% on exports to the US, significantly impacting operations amid the trade war initiated by Donald Trump. These companies, which account for nearly one-third of China’s trade, are squeezed by both Chinese and US tariffs, with implications for their profitability and competitiveness. While some larger firms may receive temporary exemptions, smaller producers struggle under the weight of double tariffs, prompting concerns about...

The trade war initiated by Donald Trump has created divisions within Europe's far-right parties, particularly the AfD in Germany. While Alice Weidel criticized Trump's tariffs as harmful to free trade, her co-chair Tino Chrupalla defended them as necessary for protecting the economy. This divergence reflects a broader tension among populist movements in Europe regarding how to reconcile protectionist policies with their national interests, as seen in responses from leaders like Italy's Giorgia Meloni and Hungary's...

European airline emissions are projected to reach 195.2 million tonnes in 2023, surpassing pre-pandemic levels by 4%, indicating challenges in decarbonisation as the industry seeks leniency from EU green regulations. Airlines, including Ryanair and Lufthansa, argue that the required increase in sustainable aviation fuel (SAF) production is unfeasible and have called for easing carbon pricing schemes. The EU acknowledges the need for action to meet climate commitments, emphasizing that the aviation sector must contribute more...

Russian businessman Albert Avdolyan, sanctioned by the EU for Russia's war in Ukraine, circumvents travel bans with a Maltese passport obtained through a controversial golden visa scheme. Malta remains the last EU country offering citizenship for sale, facing legal challenges from the European Commission, which argues the scheme undermines EU citizenship integrity. Despite scrutiny, individuals including politically exposed figures have acquired Maltese citizenship, raising concerns over corruption, as such schemes are criticized for their potential...

Private credit firms are reconsidering sustainable investment criteria to provide funding for Europe's defence sector, which has gained urgency following US support concerns. While smaller funds can lend, many are restricted by environmental, social, and governance rules, particularly against financing weapons manufacturers; however, French officials are encouraging changes to these regulations. Despite these challenges, credit funds that have invested in defence have seen significant returns, and companies previously reliant on single lenders are now seeking...

The return of Donald Trump to the White House has led to significant market disruption, trade wars, and economic uncertainty, prompting readers to seek expert insights on these issues. Tariffs have surged, with average US tariffs estimated at 23%, heavily influenced by steep charges on Chinese goods, and the potential for boycotts against American products looms, particularly for those associated with Trump. Additionally, the US budget deficit remains a concern, with proposed tariff revenues failing...