schizoidman

https://archive.is/a2U6t

ArcelorMittal said it would turn down €1.3bn in public subsidies aimed at supporting it in adapting facilities in Bremen and Eisenhüttenstadt to use hydrogen rather than coal in its steel furnaces.

It has also warned that it could shut its flagship green ethanol plant in Belgium because of restrictive EU regulation defining biofuels and emissions reductions that means that it would have to sell its output at a loss.

cross-posted from: https://lemmy.zip/post/41927142

In an interview with Chinese state broadcaster CCTV ahead of his first visit to China as prime minister, he said a key priority is to discuss broader regional and global developments with Chinese leaders, and explore how both countries can work together to strengthen multilateralism and the rules-based international order.

He also said that he hopes to build closer ties with the Chinese leaders, especially with President Xi Jinping and Premier Li Qiang.

In an interview with Chinese state broadcaster CCTV ahead of his first visit to China as prime minister, he said a key priority is to discuss broader regional and global developments with Chinese leaders, and explore how both countries can work together to strengthen multilateralism and the rules-based international order.

He also said that he hopes to build closer ties with the Chinese leaders, especially with President Xi Jinping and Premier Li Qiang.

BYD’s profit margin (above 5%) was better in Q1 2025 than in most quarters in the past decade. There are just a few quarters that were even notably higher.

And BYD only has ~15% of the overall automotive market in China

their share of the overall Chinese market is less than GM’s share of the US market now

BYD could double sales and still have a smaller share of the overall Chinese market than VW has in Germany. Still not be close to triggering Chinese anti-monopoly measures.

A Japanese foreign ministry official, who asked not to be named, told Reuters on Saturday that Japan and the U.S. have never discussed 3.5% or 5% targets for defense spending. The official also said he had no information about the FT report.

The UK is en route to legalising assisted dying after MPs on Friday narrowly backed a contentious bill giving terminally ill people with less than six months to live access to life-ending drugs. Patients would have to administer the drugs themselves with permission from two doctors and a panel of experts.

cross-posted from: https://lemm.ee/post/67352766

cross-posted from: https://lemmy.zip/post/41844792

Stellantis and Renault are lobbying for a new, less-regulated category of small cars with fewer safety features

Lobbyists argue there is no need for safety requirements like those for high-speed collisions when it comes to small cars designed for city drivers.

Matthew Avery, director of strategic development at Euro NCAP, which tests new cars for safety, said the idea that small city cars would not be involved in highway accidents is nonsense. The Chinese are bringing cars to Europe that consistently get five-star ratings from Euro NCAP

A change in regulations to cut some safety requirements could leave smaller European cars with two- or three-star ratings, Avery said.