Latest News
- Mep report proposes stricter foreign investment rules for the eu market
- Amazon cargo plane crash in Miami kills five and injures multiple others
- Russian missiles strike Kyiv, killing two, amid international tensions.
- UK to implement trade ban on goods from illegal Israeli settlements
- Trump warns of consequences for Bombardier and Canadian dollar as counter-tariffs loom
- Taliban fighters wield US weapons five years after American withdrawal
- Man and woman found dead with stab wounds in Blackburn home
- Bernie Ecclestone arrested in Portugal for alleged illegal gun possession
Hunt for Tube hero who gave blind man his shoes after he lost one through the gap The hunt is on find an ‘absolute hero’
Mep report proposes stricter foreign investment rules for the eu market
Investment Restrictions
Three MEPs have proposed tightening foreign direct investment requirements in the EU, lowering the investment threshold to €50 million for Chinese investors in key sectors.
Three MEPs have proposed tightening foreign direct investment requirements in the EU, lowering the investment threshold to €50 million for Chinese investors in key sectors.
Investment Threshold
Proposed stricter investment conditions for foreign direct investment under the Industrial Accelerator Act reduce the threshold from €100 million to €50 million, specifically curbing Chinese market access.
Proposed stricter investment conditions for foreign direct investment under the Industrial Accelerator Act reduce the threshold from €100 million to €50 million, specifically curbing Chinese market access.
Strong Position
“This report sends a clear signal to Beijing that Europe is committed to protecting its market from aggressive industrial policies,” stated MEP Christophe Grudler.
“This report sends a clear signal to Beijing that Europe is committed to protecting its market from aggressive industrial policies,” stated MEP Christophe Grudler.
European Parliament‘s report tightens EU investment conditions as China negotiations heat up
Published on •Updated
Three MEPs have agreed in a report to be published Wednesday to tighten the requirements for foreign direct investment in the EU, restricting access to the European market for Chinese investors, EU News has learned.
The report comes from the European Parliament’s rapporteurs on the proposed Industrial Accelerator Act, MEPs Christophe Grudler (Renew), Pierre Jouvet (S&D) and MEP Anna Cavazzini (The Greens). The act was presented by the European Commission last March and creates a European preference on the EU market to favour products made in Europe, in a move to protect strategic sectors of EU industry from foreign competition.
However, China has threatened several times to retaliate against the legislation, which is still under discussion, putting access to the EU market at the top of the agenda in some ongoing trade negotiations with Brussels.
The exclusive details of the report obtained by EU News show that in sectors where China is dominant, among them electric vehicles, solar panels, critical raw materials and batteries, the three rapporteurs want to impose strict requirements on investments exceeding €50 million, a threshold lower than the €100 million initially proposed by the Commission.
For such investments, any investor from a country holding 40% of the sector’s global market share will have to meet six conditions: own no more than 49% of the share capital of the EU target; make the investment through a joint venture with an EU entity; transfer technologies to Europeans; ensure that at least 60% of the workforce consists of EU workers; reinvest at least 1% of annual revenue into research and development within the EU; and source at least 30% of manufacturing inputs from within the bloc.
A signal to Beijing
The rapporteurs have added to the Commission’s proposal investments in other sectors such as wind power, electrolysers and heat pumps, making it necessary for the investor to meet at least three of the conditions above.
The report also restricts access to public procurement and public support schemes to products made in the 27 EU member states.
The Commission will only be allowed to extend the scope to products coming from non-EU countries under strict conditions, such as the application of reciprocal access for Europeans to foreign countries’ public procurement.
This follows intense lobbying from EU foreign partners, which want their products to be recognised as “made in Europe” to access the EU market. Many, such as the United Kingdom, argued that EU value chains were too intertwined with their own market to exclude them.
The report by the three MEPs will now have to be adopted by EU lawmakers before discussions start with EU member states on this future legislation.
However, it sends a signal to China that Europeans will not give up in their attempt to protect the EU market from China’s aggressive industrial policy.
October 12, 2024
6:18 am
‘Cheer up, you caught the bad guy,’ says killer Virginia McCullough as she is arrested for murdering her parents
A woman who murdered her parents “in cold blood” before hiding them in makeshift tombs for four years told officers to “cheer up, you caught the bad guy” as she was arrested in her home.
Virginia McCullough, 36, poisoned her father John McCullough, 70, with prescription medication and fatally stabbed her mother Lois McCullough, 71, shortly afterwards in 2019.
She ran up large debts on credit cards in her parents’ names and after their deaths, she continued to spend their pensions until she was finally caught in 2023.
In body-worn video footage released by police, a handcuffed – and eerily calm – McCullough told officers: “I did know that this would kind of come eventually.
“It’s proper that I serve my punishment.”
She said she had slipped something into her father’s drink then put his body under a bed on the ground floor, and put her mother’s body in an upstairs wardrobe.
McCullough, having been arrested on suspicion of double murder, told an officer: “Cheer up, at least you’ve caught the bad guy.”
She added: “I know I don’t seem 100% evil.”
At the police station, she told officers where a kitchen knife was, which she described as a “murder weapon”, and a hammer which she said “will still have blood on it”.
McCullough, of Pump Hill, Chelmsford, Essex, was sentenced to life imprisonment on Friday with a minimum term of 36 years at Chelmsford Crown Court, after she admitted to their murders between 17 and 20 June 2019 at an earlier hearing at the same court.
Chelmsford Crown Court heard how she hid their bodies in makeshift tombs at the family home in Great Baddow in Essex, then told persistent lies to cover her tracks.
The court heard she cancelled family arrangements and frequently told doctors and relatives her parents were unwell, on holiday or away on lengthy trips.
But concerns over Mr and Mrs McCullough’s welfare were raised in September 2023 by a GP at their registered practice, and Essex County Council’s safeguarding team referred these to police.
The GP had not seen the couple for some time and said Mr McCullough had failed to collect medication and attend scheduled appointments. It was found McCullough had frequently cancelled appointments, using a range of excuses to explain her father’s absence.
Police said a missing persons investigation was initially launched and McCullough lied to officers, claiming her parents were travelling and would be returning in October.
It became a murder investigation, and when officers forced entry to the house in Pump Hill on September 15 2023, McCullough confessed that her parents’ bodies were in the house and that she had killed them.
Nicola Rice, a specialist prosecutor for the Crown Prosecution Service, said: “McCullough callously and viciously killed both of her parents before concealing their bodies in makeshift tombs within their home address.
“She spent the next four years manipulating and lying to family members, medical staff, financial institutions, and the police, spending her parents’ money and accruing large debts in their name.”
She added: “This was a truly disturbing case, which has left behind it a trail of devastation, and I can only hope that the sentence passed today will help those who loved and cared for Lois and John begin to heal.”
To downplay the genocide, the israelis claim there’s only 20,000 people left in north Gaza, says
@MahaGaza
: the real number exceeds 400,000
Man of the right wing Nigel Farage taking more second jobs and freebie helicopter rides
Gosh he’ll soon be a true blue Tory at this rate
Or far far worse
The cost-of-living crisis is far from over, yet the government’s 50% increase to the bus fare cap is a political choice, adding hundreds to annual costs.
To address hardship & the climate crisis, the government must keep the £2 cap & make public transport accessible for all.
G20 waters down support for Ukraine amid pressure for peace talks
The Tech Titan Who Led His Company From a 68-Square-Foot Jail Cell
November 23, 2024
8:25 am
Defense alliance NATO chief Mark Rutte has met US President-elect Donald Trump to discuss global security issues, according to a NATO spokesperson.
The meeting took place in Palm Beach, Florida.
During his first term as US president, 2017-2020, Trump pushed for European NATO countries to spend more on defense and described the alliance’s cost-sharing as unfair to the US.
Rutte took over as NATO chief from Norwegian Jens Stoltenberg in November.
Before taking office in January, Trump has nominated Pete Hegseth for the post of defense secretary, which has raised eyebrows among many allies.
Hegseth, 44, has served as an infantry captain in Iraq and Afghanistan, but has no senior military or government officer experience.
November 23, 2024
8:25 am
November 23, 2024
8:17 am
Multiple missiles were fired in an airstrike towards a densely populated part of Lebanon’s capital early on Saturday.
The huge airstrike targeted Beirut’s Basta neighbourhood, and no prior warnings were given by the Israeli military. The largely residential area was struck last month.
At least one violent explosion was heard across the city, Reuters witnesses said, and plumes of smoke could be seen. Scenes of massive destruction at the site were shared online, including a massive crater in the ground.
“Beirut, the capital, woke up to a horrific massacre, as the Israeli enemy’s air force completely destroyed an eight-story residential building with five missiles on Al-Mamoun Street in Basta,” the state-run National News Agency reported.
The health ministry put the initial death toll at four, with 23 wounded. The number is expected to climb in the coming hours as search and rescue efforts continue.
It came after a long day of Israeli airstrikes on Beirut’s southern suburbs, which have been non-stop since last week.
The cross-border fighting between Israel and the Iran-backed Hezbollah militant group escalated into a full-blown war in mid-September.
Israel has bombed southern Lebanon, Beirut’s southern suburbs and the eastern Beqaa region, and has sent ground troops across the border. Hezbollah has continued to fire rockets deeper into Israel.
What to Watch
Amazon prime - TV & Netflix
We give you the best picks to binge on this week.
What to Watch
Love Sports
Get your pizza ordered with the latest Live Sports schedule.
- Good News
Add A Comment
© 2026 WTX News.