EU unveils €300bn global investment plan to rival China
02 December 2021 | 11:30 am
The EU Commission on Wednesday (1 December) unveiled its plan to invest €300bn by 2027 in global infrastructure in digital and climate projects - as an alternative to China's Belt and Road initiative.
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In his first press conference as China's top diplomat, Qin Gang said US policies risk "conflict and confrontation" with Beijing. From the "spy balloon" spat to Russia's war in Ukraine, Qin outlined where China stands.
Chinese students with scholarships are bound by contracts with gagging clauses, but that contravenes the academic freedom guaranteed by Germany's constitution. An investigation by DW and CORRECTIV.
The European Union is looking at how to boost ammunition supplies in both the short and long term at a meeting in Stockholm. A top EU official has called for "a war economy."
The iPhone maker's top supplier Foxconn plans to boost production in India, with a new facility in Bengaluru. But the move westward could be beset by red tape and quality control issues.
US President Joe Biden unveils a $6.8 trillion budget proposal with key provisions aimed at boosting American competitiveness against China, while Beijing rails against economic containment and suppression. Plus, a sell-off in US bank shares sparked by a run on a small California lender spreads to Asia and Europe as markets tumble.
EU politicians hope a deal cutting energy consumption will fight climate change and curb the continent's reliance on Russian fossil fuels. It will go to the European Parliament and countries for a final vote.
Some of the largest ministries will see their current heads stay on, signaling a cautionary stance in the face of economic and political headwinds.
US President Joe Biden and European Commission President Ursula von der Leyen touted a breakthrough in their transatlantic trade dispute over subsidies for the green economy, as well as the war in Ukraine.
It marks the latest step in China reopening its borders for foreigners after three years of COVID restrictions. Visa-free entry will be resumed for foreigners from Hong Kong and Macao, and ASEAN nations.
European bailiffs could soon start seizing Malaysian state-owned property over a land dispute dating back to 1878.
The announcement marks a diplomatic policy change and could see Honduras — one of Taiwan's few remaining allies — severing relations with Taipei.
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