 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 by AFP Staff Writers Berlin (AFP) Oct 11, 2022
German Chancellor Olaf Scholz on Tuesday criticised US climate protection plans that would shield domestic companies from foreign competition, saying they could trigger "a huge tariff war". Unease has been growing abroad about US President Joe Biden's landmark "Inflation Reduction Act", which will see vast spending on green energy initiatives and includes tax breaks for US-made electric cars and batteries. "We will discuss the Inflation Reduction Act with our American friends in more depth," Scholz said at a gathering of the German engineering association VDMA in Berlin. "It can't be that politicians in their countries say: 'We are now doing climate protection, dear industry, have you heard that we are protecting you from the competition of others?'," he said. "We would end up with a huge tariff war," Scholz warned, calling for closer international cooperation on climate protection measures and trade. Scholz, whose country is home to car giants Volkswagen, BMW and Mercedes, did not go into detail about which aspects of Biden's plans he opposed. But European Union officials have in recent weeks spoken out against planned US tax credits for the domestic electric vehicle market, which they say would put e-cars made elsewhere at an unfair disadvantage. EU Trade Commissioner Valdis Dombrovskis told Bloomberg last month that the bloc was worried "about a number of discriminatory elements" in the Inflation Reduction Act. Dombrovskis said the EU was assessing whether the legislation violated World Trade Organization rules. South Korea has also voiced its displeasure, calling the new rules favouring American e-cars a "betrayal", Bloomberg reported.
Silicon Valley billionaire Milner renounces Russian citizenship San Francisco (AFP) Oct 11, 2022 Billionaire Silicon Valley investor Yuri Milner said Monday he had renounced his Russian citizenship. "My family and I left Russia for good in 2014, after the Russian annexation of Crimea. And this summer, we officially completed the process of renouncing our Russian citizenship," the Moscow-born Milner tweeted. Milner, founder of the internet investment firm DST Global and one of the original investors in Facebook, has been an Israeli citizen since 1999, DST Global said in a fact sheet on its w ... read more
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
