-
Kenya's economy faces climate change risks: World Bank
-
In crisis-hit Cuba, World Cup offers brief respite
-
UK intercepts Russian shadow fleet vessel in Channel
-
London, Tokyo agree $24-bn investment deal
-
Indonesian economy comes up for air but struggles to win back investors
-
Trump says US-Iran deal to be signed Sunday, Hormuz to open after
-
Between Trump and a hard place: Fed chair Warsh to lead first rate meeting
-
High-school drop out to big time crime boss, Venezuela's 'Nino Guerrero'
-
US-Iran deal could be finalised soon, mediator Pakistan says
-
Thousands gather in Thai capital to mourn late princess
-
US says downed multiple Iran drones as both insist deal closer
-
SpaceX: Five key moments, from first launch to Starship megarocket
-
US clears Paramount's $111 bn Warner Bros. takeover
-
Iran and US say deal closer than ever
-
Cuba opens more sectors to private business
-
World Cup struggles to ignite US excitement
-
US appellate court upholds Sam Bankman-Fried criminal sentence
-
France bids farewell to girl, 11, whose killing sparked outrage
-
Wall Street wobbles as SpaceX shares launch, oil slides on Mideast deal hopes
-
SpaceX lifts off in record Wall Street debut
-
US deportation flight carrying Iranians en route to C.African Republic
-
At a Libyan university once ravaged by war, students dream again
-
Kenya mourns schoolgirls killed in suspected dorm arson attack
-
Stocks rally, oil slides on Mideast deal hopes
-
'All of us of are migrants,' pope says in Canary Islands
-
Switzerland split on immigration vote: four perspectives
-
Thai princess dies aged 47 after three years in hospital
-
Science fiction? Musk's lofty SpaceX goals unrealistic, skeptics say
-
Asia stocks up, oil down on Mideast deal hopes
-
From cage fights to the White House, UFC marches into mainstream
-
Pope ends Spain visit with migrant meetings
-
Ex-Tottenham owner sells art collection in blockbuster auction
-
Antarctic Peninsula sees record high June temperatures
-
US stocks rally, oil prices fall as Trump calls off fresh Iran strikes
-
SpaceX to make historic IPO that could make Musk a trillionaire
-
El Nino is back, but its effects vary widely
-
First leather bag from T-Rex cells to be auctioned in Paris
-
Four times as many icebergs calved from Greenland glaciers: study
-
Stocks rebound, oil wavers as traders weigh Iran, rates outlook
-
Niger criminalises same-sex relations with jail terms
-
Smuggled dinosaur fossils return to Mongolia after two decades
-
Over 260 Nigerians fleeing xenophobic attacks in S. Africa return home
-
Pope condemns 'indifference' towards migrants on Canaries trip
-
Sweden withdraws controversial proposal to jail 13-year-olds
-
Economic pressures 'manageable': Indonesian deputy finance minister
-
Scientists warn of record heat, threats to climate monitoring
-
Sweden withdraws disputed proposal to jail 13-year-olds
-
UK probes Ryanair over fees for parents to sit with children
-
Suspense surrounds Swiss anti-immigration vote
-
Rising costs and competition threaten GoPro
EU chief offers carmakers more time on emission rules to avoid fines
EU chief Ursula von der Leyen offered Monday to give struggling European carmakers "breathing space" by allowing them extra time to meet 2025 emission reduction targets without facing fines.
The announcement is part of the bloc's push to protect the auto industry, which employs 13 million people and accounts for about seven percent of Europe's GDP.
"There's a clear demand for more flexibility on CO2 targets," the European Commission president told reporters in Brussels. "Instead of the annual compliance, companies will get three years."
Von der Leyen added companies would still have to "fulfil" the same targets.
"But it means more breathing space for industry. It means also more clarity," she said after talks on Monday with industry representatives including from BMW, Renault, Volkswagen and Stellantis, which owns several brands including Jeep, Fiat and Peugeot.
The European Union has prioritised tackling climate change and agreed to phase out new sales of combustion engine vehicles by 2035.
Starting this year the EU is lowering the average emissions that new vehicles sold in the 27-country bloc are permitted to produce, with carmakers facing steep fines if they fail to comply.
Carmakers had expressed concern that they would not be able to meet the target because of falling sales of electric vehicles in Europe and amid fierce Chinese competition.
The commission proposal will still need approval from EU states and the European Parliament. France, Germany and Italy had spoken out against the fines.
- Boosting European production -
The EU is focusing on reviving its competitiveness as it falls behind the United States and China. Brussels already announced measures last week to bring down energy costs in Europe, which are far higher than in the United States.
Von der Leyen will announce her broader "action plan" for the auto sector on Wednesday after several rounds of talks with industry leaders about the steps the EU must take to support the crisis-ridden sector.
She gave a taste of what to expect: to boost innovation, she said the EU would support an industry alliance to pool resources for the development of software, chips and autonomous driving technology.
She also promised to launch large scale pilots for autonomous cars and direct support for EU battery producers to compete with cheaper batteries produced outside the bloc.
In a "Made in Europe" push, von der Leyen said the EU would "gradually introduce European content requirements" for battery cells and components.
- 'Unprecedented gift' to auto sector -
EU industry chief Stephane Sejourne welcomed the delay after pushing for flexibility.
"We will not penalise the industry that we must help. In effect, the good students will be able to capitalise on their efforts, those who are behind will have more time," Sejourne said.
Groups calling for cleaner transport rules, however, criticised Monday's proposal.
The Transport and Environment pressure group described it as an "unprecedented gift to Europe's car industry in the middle of a compliance year".
"Weakening the EU clean car rules rewards laggards and does little for Europe's car industry except to leave it further behind China on electric vehicles," William Todts, executive director of the clean transport advocacy group, said.
"The EU risks creating very damaging uncertainty about the electric vehicle transition in Europe," Todts said in a statement.
Y.Jeong--CPN