EU should reject automakers’ biofuel plea, says campaign group

Belgium's Premier Bart De Wever has expressed concerns that using frozen Russian assets to finance a proposed €140 billion EU loan to Ukraine could jeopardize potential peace negotiations between Ukraine and Russia. De Wever outlined specific conditions that would alleviate his objections to the loan proposal.

Europol has seized over 8 million counterfeit and potentially harmful toys from shops and markets across 26 EU countries in a pre-Christmas operation. The confiscated items include fake dolls, building bricks, toy cars, and educational games that may pose health risks to children.

Kyiv has emphasized the necessity of external funding and urged the European Union to release frozen Russian assets to support Ukraine's financial needs. This call comes amid ongoing discussions about the EU's plans to utilize these assets as collateral for loans aimed at bolstering Ukraine's economy.

Euroclear has issued a warning to the European Union regarding its plan to utilize frozen Russian assets to secure €140 billion in loans for Ukraine, indicating that this strategy could result in increased borrowing costs for EU member states. The warning highlights potential financial repercussions stemming from the ongoing geopolitical tensions surrounding Russia's actions in Ukraine.

The European Central Bank (ECB) chief economist has highlighted a pressing issue for the EU, stating that China is increasingly dominating the market, urging the bloc to focus on fostering growth domestically. This warning reflects concerns over the EU's reliance on external markets and the competitive pressures posed by China's economic strategies.

Stellantis chairman has issued a warning to the European Union, stating that the European car industry is at risk of an 'irreversible decline' due to various challenges, including regulatory pressures and competition from global markets. This plea highlights the urgent need for policy support to sustain the industry.