
-
Trump tariffs spark fears for Asian jobs, exporting sectors
-
Stocks and dollar sink, havens rally as Trump tariffs fan trade war
-
Runners fly to North Korea for first post-Covid Pyongyang Marathon
-
Hamilton rubbishes claims he's lost faith in Ferrari
-
Nintendo Switch 2 sparks excitement despite high price
-
Sri Lanka's crackdown on dogs for India PM's visit sparks protest
-
S Korea police raise security levels ahead of impeachment verdict
-
China vows 'countermeasures' to sweeping new US tariffs
-
Trump jolts allies, foes and markets with tariff blitz
-
France says EU to target US online services after Trump tariffs
-
Tsunoda vows to bring 'something different' after Red Bull promotion
-
Verstappen not happy with Tsunoda-Lawson Red Bull swap
-
Experts accuse 54 top Nicaragua officials of grave abuses
-
Remains of 30th victim of Los Angeles fires found
-
EU to target US online services after Trump tariffs: France
-
How Trump's 'liberation day' tariffs will impact China
-
Malaysia suspends search for long-missing flight MH370
-
Search for long-missing flight MH370 suspended: Malaysia minister
-
Europe hits out at Trump tariffs, keeps door open for talks
-
Myanmar's junta chief to head to Bangkok summit as quake toll surpasses 3,000
-
Lawson vows to prove he belongs in F1 after shock of Red Bull axing
-
Australia sweats through hottest 12 months on record: official data
-
Livestock theft is central to jihadist economy in west Africa
-
South African artist champions hyenas in 'eco-queer' quest
-
Danish PM in 'unity' Greenland visit amid US takeover threats
-
Taiwan says US tariffs 'highly unreasonable'
-
Lawson says ruthless Red Bull axing was 'tough to hear'
-
Heat humble Celtics for sixth straight win, Thunder roll on
-
Trump escalates trade war with sweeping global tariffs
-
Japan says US tariffs 'extremely regrettable', may break WTO rules
-
South Koreans anxious, angry as court to rule on impeached president
-
Juve at in-form Roma with Champions League in the balance
-
Injuries put undermanned Bayern's title bid to the test
-
Ovechkin scores 892nd goal -- three away from Gretzky's NHL record
-
Australian former rugby star Petaia signs for NFL's Chargers
-
China says opposes new US tariffs, vows 'countermeasures'
-
Athletics world watching as 'Grand Slam Track' prepares for launch
-
Heat humble Celtics for sixth straight win, Cavs top Knicks
-
Quake-hit Myanmar's junta chief to head to Bangkok summit
-
New Spielberg, Nolan films teased at CinemaCon
-
Shaken NATO allies to meet Trump's top diplomat
-
Israel's Netanyahu arrives in Hungary, defying ICC warrant
-
Shiny and deadly, unexploded munitions a threat to Gaza children
-
Stocks tank, havens rally as Trump tariffs fan trade war
-
Altomare hangs on to tie defending champ Korda at LPGA Match Play
-
Paraguay gold rush leaves tea producers bitter
-
Health concerns swirl as Bolivian city drowns in rubbish
-
Syria says deadly Israeli strikes a 'blatant violation'
-
Financial markets tumble after Trump tariff announcement
-
Starbucks faces new hot spill lawsuits weeks after $50mn ruling

Chinese firms exit Romania solar tender after EU probe
Two Chinese-owned solar panel manufacturers have withdrawn from a public procurement tender in Romania after the EU launched an anti-subsidy probe, Brussels said Monday.
The EU wants to defend European industry against growing threats from China and the United States, and has launched multiple probes into Chinese firms over state subsidies.
But Brussels must balance its desire to build up Europe's renewable energy to reduce greenhouse gas emissions while simultaneously moving away from excessive reliance on cheaper Chinese wind and solar technology.
The European Commission in April started an investigation into two consortiums suspected of receiving subsidies that Brussels feared undercut firms in Europe.
"As a result of the withdrawal, the Commission will close its in-depth investigation," it said.
The investigation had been launched under new rules that came into force last year and seek to prevent foreign subsidies from undermining fair competition in the EU.
"We are massively investing in the installation of solar panels to decrease our carbon emissions and energy bills –- but this should not come at the expense of our energy security, our industrial competitiveness and European jobs," the EU's internal market commissioner, Thierry Breton, said.
The new rules ensure "foreign companies which participate in the European economy do so by abiding to our rules on fair competition and transparency", he added.
- Rising trade tensions -
The probe focused on two consortiums, one of which includes the Enevo group in Romania and a German subsidiary of Chinese parent company Longi Green Energy Technology.
Longi is the world's biggest solar panel manufacturer.
The second consortium was made up of two subsidiaries both fully owned and controlled by Chinese state-owned firm, Shanghai Electric group.
They had applied to design, construct and operate a photovoltaic park in Romania, partly financed by EU funds.
The estimated value of the contract was around 375 million euros ($405 million).
Europe relies heavily on foreign solar panels. More than 97 percent of the panels in Europe are imported, mainly from China, according to Brussels.
Other EU probes focused on Chinese subsidies for electric cars and trains, and wind turbines as trade tensions escalate between the two sides.
A fight over solar panels is nothing new for the EU.
In 2013, the EU imposed anti-dumping duties after European manufacturers said Chinese panel imports were undercutting their firms, but they were scrapped five years later.
B.Finley--AMWN