Tuesday, May 27, 2025

Ahead of trade talks, Brussels seeks detail on companies' US spendingNew Foto - Ahead of trade talks, Brussels seeks detail on companies' US spending

By Victoria Waldersee and Christina Amann BERLIN (Reuters) -European policymakers have asked the bloc's leading companies and CEOs to swiftly provide detail of their U.S. investment plans, according to two sources familiar with the matter, as Brussels prepares for trade talks with Washington. Members of the Confederation of European Business, also known as BusinessEurope, an alliance of 42 federations across the region, received a survey from the European Commission on Monday. It asked for information on upcoming U.S. investments with the instruction to respond as soon as possible, one source said. A similar note seeking information on investment plans for the next five years was sent to the 59-person European Roundtable for Industry, a second source said, with a note that the request came personally from European Commission President Ursula von der Leyen. BusinessEurope, the European Roundtable for Industry and the European Commission did not immediately respond to requests for comment. The sources asked not to be named because they were not authorised to speak publicly on the issue. The Commission, which oversees trade policy for the 27-nation European Union, is stepping up efforts to secure a deal with the United States to end U.S. import tariffs on EU goods, or at least prevent any increases. The Commission is trying to establish what might satisfy U.S. President Donald Trump, having offered a deal in which both sides move to zero tariffs on industrial goods, and the EU buys more soybeans, arms and liquefied natural gas. Trump has made clear a chief goal of his tariffs is to re-industrialise the United States, towards which European corporate investment could contribute. Frustrated at the slow pace of negotiations, Trump threatened to raise tariffs on the bloc to 50% on June 1, but backtracked after a call with von der Leyen on Sunday. EU diplomats briefed late on Monday said they were told the two leaders did not go into substance, but agreed contacts should increase and talks accelerate. European Trade Commissioner Maros Sefcovic on Monday spoke in what he described as good calls with U.S. Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, with whom he has previously had tougher talks. "The EU Commission remains fully committed to constructive efforts at pace towards an EU-US deal. We continue to stay in constant contact," he wrote on X. The EU wants to see an end to 25% tariffs on steel and cars and for Trump to drop his "reciprocal" tariff, which was provisionally set at 20% for the EU but is being held at 10% during a 90-day pause until July. (Reporting by Victoria Waldersee and Christina Amann in Berlin, Philip Blenkinsop in Brussels, Editing by Friederike Heine and Barbara Lewis)

Ahead of trade talks, Brussels seeks detail on companies' US spending

Ahead of trade talks, Brussels seeks detail on companies' US spending By Victoria Waldersee and Christina Amann BERLIN (Reuters) -Europ...
Brickbat: Struck GoldNew Foto - Brickbat: Struck Gold

Michel Dupont, a farmer from France's Auvergne region,discovereda massive gold deposit worth about £3 billion ($3.41 billion) in a stream on his farm while out for a walk, but he won't receive any money from it because French law says underground resources belong to the state, not the landowner. The gold, found in an area historically known for mining, was reported to authorities, and a state-owned company is now set to mine it, leaving Dupont with nothing—despite the find being on his property. The postBrickbat: Struck Goldappeared first onReason.com.

Brickbat: Struck Gold

Brickbat: Struck Gold Michel Dupont, a farmer from France's Auvergne region,discovereda massive gold deposit worth about £3 billion ($3....
India approves stealth fighter program amid tensions with PakistanNew Foto - India approves stealth fighter program amid tensions with Pakistan

India's defense minister has approved a framework for building the country's most advanced stealth fighter jet, the defense ministry said on Tuesday, amid a new arms race with Pakistan weeks after amilitary conflict between the neighbors. Indian state-run Aeronautical Development Agency, which is executing the program, will shortly invite initial interest from defense firms for developing a prototype of the warplane, envisaged as a twin-engine 5th generation fighter, the ministry said. The project is crucial for the Indian Air Force, whose squadrons of mainly Russian and ex-Soviet aircraft have fallen to 31 from an approved strength of 42 at a time when rival China is expanding its air force rapidly. Pakistan has one of China's most advanced warplanes, the J-10, in its arsenal. Militaries of nuclear-armed neighbors India and Pakistan faced-off in four days of fighting this month, which saw use of fighter jets, missiles, drones and artillery by both sides beforea ceasefire was announced by US President Donald Trump. It was the first time both sides utilized drones at scale and the South Asian powers are now locked in a drones arms race, according to Reuters' interviews with 15 people, including security officials, industry executives and analysts in the two countries. India will partner with a domestic firm for the stealth fighter program, and companies can bid independently or as a joint venture, the defense ministry said in a statement, adding that the bids would be open for both private and state-owned firms. In March, an Indian defense committee had recommended including the private sector in military aircraft manufacturing to shore up the capabilities of the Indian Air Force and reduce the burden on state-owned Hindustan Aeronautics Ltd, which makes most of India's military aircraft. Air Chief Marshal Amar Preet Singh has previously criticized Hindustan Aeronautics for slow delivery of light combat Tejas aircraft, a 4.5 generation fighter, which the firm blamed on slow delivery of engines from General Electric GE.N due to supply chain issues faced by the US firm. For more CNN news and newsletters create an account atCNN.com

India approves stealth fighter program amid tensions with Pakistan

India approves stealth fighter program amid tensions with Pakistan India's defense minister has approved a framework for building the co...
What's Next for Trump's "Big Beautiful Bill"?

The Senate is preparing to consider President Trump's "big beautiful bill," which passed in the House last week — but Wisconsin Republican Sen. Ron Johnson believes there's "enough" GOP opposition to "stop the process." That opposition mainly centers aroundspending cuts. Johnson thinks it's vital that Senate Republicans tackle the bill's impact on the deficit, and has characterized high spending as "mortgaging our children's future."  Sen. Rand Paul told Fox News he won't support the bill unless the increase to the debt ceiling is taken out. Republicans control the Senate 53-47, so there's not much room for dissent — even though they only need a simple majority having invoked the complicated "budget reconciliation" procedure to allow the Senate to pass the bill with fewer votes than usual. Republicans want both chambers to pass the bill by July 4th. The Senate isn't expected to take it up until early June, and any changes will have to be passed by the House before Trump signs it into law, so it may be a rush to the finish line. There's been a lot of coverage about the bill'spotential impact on Medicaid,tax cuts,border security funding,clean energy funding, and more — but a couple of key provisions may have slipped your notice. Thisarticle from the Campaign Legal Center(CLC) sets them out in more detail, but here's the gist. A policy in Section 70302 would hugely limit federal courts' power to hold government officials in contempt if they violate judicial orders. This is a major live issue — astheGuardiannotes, at least one judge appears poised to issue a contempt citation in ahigh-profile immigration caserelated to the administration's deportation of alleged Venezuelan gang members. Not only does this provision threaten the judicial branch and the separation of powers, but as the CLCpoints out, it represents a stark escalation in a campaign the Trump administration is already waging against the judiciary. The courts have ruled against it at least 170 times already, and in many cases,Trump's response has been to ignore due processand attempt to intimidate judges. Section 43201(c) of the House reconciliation bill would ban the enforcement of all state and local laws that regulate AI — including regulation around the use of AI in political campaigns and elections — for 10 years. For want of decisive action from Congress to regulate AI's impact on the democratic process,states have filled the vacuumby enacting their own safeguards. If the big beautiful bill dismantles them, false information could run rampant for the next decade, seriously impacting voters' ability to make informed decisions. The postWhat's Next for Trump's "Big Beautiful Bill"?appeared first onKatie Couric Media.

What’s Next for Trump’s “Big Beautiful Bill”?

What's Next for Trump's "Big Beautiful Bill"? The Senate is preparing to consider President Trump's "big beautifu...
Judge is stabbed to death in southern IranNew Foto - Judge is stabbed to death in southern Iran

TEHRAN, Iran (AP) — A judge was stabbed to death on his way to work in the southern Iranian city of Shiraz on Tuesday morning, state media reported. A report by the official IRNA news agency called the killing a "terrorist act," adding that two unidentified assailants are still at large. It identified the judge as Ehsum Bagheri, 38, who worked for the city's judicial department. Bagheri in the past worked as a prosecutor in the revolutionary court, which court deals with security and drug smuggling cases. No group immediately claimed responsibility for the attack Iran has witnessed other killings of judges in the past. In January, a man fatally shot two prominent hard-line judges in Iran's capital Tehran, both of whom allegedly took part in themass execution of dissidentsin 1980s.

Judge is stabbed to death in southern Iran

Judge is stabbed to death in southern Iran TEHRAN, Iran (AP) — A judge was stabbed to death on his way to work in the southern Iranian city ...

 

ISG POLITICS © 2015 | Distributed By My Blogger Themes | Designed By Templateism.com