Bombardier supports assets sale for EU approval of Alstom’s takeover
Canadian transportation company reaffirms the sale remains on track to close in the first half of 2021.
EU lagging behind on climate, gender equality goals
The bloc’s CO2 emissions were reduced by 2.7% from 2013 to 2018 but temperatures kept rising
Europeans look to China as global partner, shun Trump’s US
Macron visiting Beijing portrayed himself as an envoy for the whole European Union.
Europe’s specialty food makers brace for US tariffs
Tariffs on US$7.5 billion on a range of European goods were approved by the World Trade Organization as compensation for illegal EU subsidies to Airbus.
European Central Bank launches new stimulus for economy
ECB has had to change its stimulus stance as the global economic outlook has grown shakier.
UPDATE: Trudeau pushes CETA in EU leaders’ summit
French National Assembly begins its consideration of France’s ratification bill.
NATO and European leaders to visit Canada for meetings with Trudeau
Will speak up for the rules-based international order that relies on treaties and multinational organizations like NATO.
US manufacturing growth slows in June for 3rd straight month
Trade fights with China, Europe and Mexico, as well as an increase in the greenback’s value, have cut into US exports.
Ford to cut 12,000 jobs in Europe as part of restructuring
Ford lost US$398 million in 2018 in Europe.
Nova Scotia wants to replicate Chinese trade success with Europe
Province aims to expand ties established through the Comprehensive Economic and Trade Agreement.
NATO ministers meet to celebrate 70th anniversary amid rifts
A dispute with Turkey over planned purchase of Russian weapons and defence spending disparities straining alliance.
China, European leaders agree to seek fairer trade rules
Chinese President Xi Jinping was in Paris.
Blocked Siemens and Alstom merger a win for Bombardier: analysts [UPDATED]
Deal could reduce competition in the signaling and high-speed train markets.
UK’s May confronts party rebels as EU prepares Brexit summit [UPDATED]
Draft agreement has triggered an avalanche of criticism in Britain and left the prime minister fighting to keep her job.
European automakers claim cutting emissions could cost jobs [UPDATED]
ACEA warns against overly stringent CO2 targets, and unrealistic sales quota for battery electric vehicles.
The uncertain future of the Canadian European trade deal
A negative ruling by the EU Court will require a renegotiation of CETA and the ICS.
GM seeing commodity costs rise in trade war, cuts outlook
Automaker’s take on the year ahead dragged down shares of the entire auto sector.
UK releases long awaited and already derided Brexit plan
The plan has infuriated fervent Brexit supporters.
EU warns Trump: auto tariffs could lead to $300B retaliation
European carmakers create over half a million jobs in the US: EU spokesperson
Trump plans to go ahead with steel, aluminum tariffs on EU
EU has threatened to impose retaliatory tariffs on US orange juice, peanut butter and other goods in return.
Europe expects to be hit by US tariffs on steel and aluminum
EU has threatened retaliatory tariffs.
Sanctions on Iran could cost US, European companies billions
Aircraft makers, oil companies and auto manufacturers will be hurt the most.
Business chiefs from EU, UK ask May to speed up Brexit talks
Business is concerned with the slow pace of negotiations and the lack of progress.
Canada-EU trade enters new era of openness as CETA comes into force
Now over 98% of Canadian goods will be able to enter the EU without tariffs.
EU considers sanctions to respond to cyber attacks
Will develop a “cyber-diplomacy toolbox” to respond to malicious activities online.
Peugeot parent company approves buyout of GM’s Opel
$2.3 billion sale also includes GM’s European auto financing arm.
Canada to see some ‘modest’ gains from Europe trade deal
Economic gains work out to an average annual income boost of $220 per Canadian, according to a new report.
Trudeau tries to calm Trump fears in Europe
Canada viewed as an important bridge builder in EU’s attempt to forge positive relations with the US.
German court rejects new challenge to EU Canada trade pact
Says ‘no’ argument that the government hadn’t complied with the conditions it imposed.
Business groups want technical issues resolved to reap CETA benefits
CFIB says its members see trade with Europe as an key buffer against exclusive reliance on trade with the US.
US, Europe fray nerves with crackdowns
Companies of interest include Apple, Volkswagen.
Ford looks to shed hundreds of managers in Europe
Automaker wants to cut administrative expenses and save an additional $200 million annually.