Stellantis, a major automaker, welcomed the European Commission’s plan to extend the deadline for meeting new CO2 emission targets for cars and vans, stating it was a positive step towards maintaining competitiveness while pushing for electrification. The EU’s new proposal allows automakers until 2027 to reach their emission targets, incentivizing the production and sale of electric vehicles to avoid fines, ultimately aiming for zero emissions by 2035. European automakers saw a boost in their stock prices following the announcement, with the proposal still pending approval from EU countries and the European Parliament.
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Reeves rejects parts of Trump’s economic agenda before talks with Bessent
SummaryUK Chancellor Rachel Reeves has dismissed key components of Donald Trump's economic policies ahead of her meeting with US Treasury Secretary Scott Bessent, emphasizing the UK's commitment to an open global economy. While acknowledging the need to address global trade imbalances, Reeves stressed the importance of reducing trade barriers and supporting multilateral institutions, differing from Trump's approach. She aims to negotiate a UK-US trade deal to lower tariffs on British exports, while addressing regulatory challenges...
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