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EU asks for similar access to US market as Canada and Mexico

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EU asks for similar access to US market as Canada and Mexico

European electrical automobiles, batteries and renewable vitality merchandise ought to have the identical entry to the US market as these from Canada and Mexico, EU officers stated on Monday, because the bloc prepares to begin negotiations with Washington over its Inflation Discount Act.

The US signed its $430 billion anti-inflation invoice into legislation in August. It contains state assist to spice up US manufacturing and incentives for customers to purchase American merchandise together with automobiles and renewable energies.

The EU believes that the invoice dangers unfairly discriminating in opposition to its personal merchandise and a joint EU-US Job Pressure to resolve the difficulty has been arrange. The primary assembly is scheduled for later this week.

“The consequence we’re anticipating is a derogation for EU member states,” Czech commerce minister Jozef Síkela advised reporters in Prague on Monday following a gathering of EU commerce ministers.

“After all, ideally we wish to have the identical stage of derogation as there may be for Canada and Mexico however we should be real looking. That is our place to begin within the negotiations,” he defined.

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Valdis Dombrovskis, the EU Commissioner for Commerce, added that “it will seem that most of the inexperienced subsidies supplied for within the Act might discriminate in opposition to EU automotive, renewables, battery and energy-intensive industries.”

 “Hopefully we’re going to have constructive engagement from the US and we sit up for seeing this concern resolved on this new discussion board. It in all probability will not be simple to repair it however repair it we should”.

Requested particularly about whether or not the EU would contemplate retaliating if talks break down, Dombrovskis stated that “at this stage, we’re specializing in negotiated options earlier than contemplating what different choices there could also be.”

He additionally stated that he had discussions with different nations which have “related considerations”, together with Japan and South Korea, and that they too are “wanting (at) finest method this concern.”

“However at the moment, we are going to give negotiations an opportunity earlier than participating in additional concerns,” he reiterated.

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French President Emmanuel Macron has for example championed a “Purchase European Act just like the Individuals” to guard European producers.

“You will have China that’s defending its business, the US that’s defending its business and Europe that’s an open home,” he advised French tv earlier this month. 

European producers are being hit arduous by vitality costs, which have soared in current months on account of Russia’s unlawful struggle in opposition to Ukraine and Moscow’s determination to cease delivering gasoline to the bloc in retaliation for wide-ranging sanctions. 

Inflation within the euro space is for example anticipated to have jumped 10.7% year-on-year in October — the best stage ever recorded within the 19-country zone. 

It’s been fuelled by vitality costs which have elevated by greater than 41% since October 2021.

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Trump's FDA Pick Is Surgeon and Writer Martin Makary

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Trump's FDA Pick Is Surgeon and Writer Martin Makary
By Michael Erman (Reuters) – U.S. president-elect Donald Trump has nominated surgeon and writer Martin Makary to lead the U.S. Food and Drug Administration, the world’s most influential drug regulator with a more than $7 billion budget. The FDA regulates human and veterinary drugs, medical devices …
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Israel moves towards ceasefire deal with Hezbollah: reports

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Israel moves towards ceasefire deal with Hezbollah: reports

Israel is reportedly moving towards a ceasefire agreement with Hezbollah in Lebanon after nearly a year of fighting escalated into an all-out war in September. 

Israeli media outlets including YNET and Haaretz have reported that Israel has tentatively agreed to a U.S.-backed proposal for a ceasefire. No final deal has been reached, according to the reports. 

Journalists take pictures of a building hit direct by a rocket fired from Lebanon in Haifa, Israel, Sunday Nov. 24, 2024. (AP Photo/Francisco Seco)

Lebanon and the militia group Hezbollah reportedly agreed to the deal last week but both sides need to give the final okay before it can materialize. 

The reported ceasefire deal comes after Hezbollah launched one of its largest rocket attacks on Israel in exchange for Israeli forces striking Hezbollah command centers in Beirut. 

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This is a developing story. Check back for updates. 

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Yamandu Orsi wins Uruguay’s run-off presidential election

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Yamandu Orsi wins Uruguay’s run-off presidential election

Yamandu Orsi, the candidate for the left-wing Broad Front coalition, is projected to emerge victorious in Uruguay’s run-off election for the presidency.

He bested Alvaro Delgado of the ruling National Party to win the tightly fought race, though public opinion polls showed the two candidates in a dead heat in the lead-up to Sunday’s vote.

Orsi’s supporters took to the streets in the capital of Montevideo, as the official results started to show the former mayor and history teacher surging ahead.

Many waved the party banner: a red, blue and white striped flag with the initials FA for “Frente Amplio”, which translates to “Broad Front”.

“Joy will return for the majority,” the coalition posted on social media as Orsi approached victory. “Cheers, people of Uruguay.”

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Supporters of Yamandu Orsi celebrate early results after polls closed in Montevideo, Uruguay, on November 24 [Natacha Pisarenko/AP Photo]

Orsi’s win restores the Broad Front to power in the small South American country, sandwiched on the Atlantic coast between Brazil and Argentina.

For 15 years, from 2005 to 2020, the Broad Front had held Uruguay’s executive office, with the presidencies of Jose Mujica and Tabare Vazquez, the latter of whom won two non-consecutive, five-year terms.

But that winning streak came to an end in the 2019 election, with the victory of current President Luis Lacalle Pou, who led a coalition of right-leaning parties.

Under Uruguay law, however, a president cannot run for consecutive terms. Lacalle Pou was therefore not a candidate in the 2024 race.

Running in his stead was Delgado, a former veterinarian and Congress member who served as a political appointee in Lacalle Pou’s government from 2020 to 2023.

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Even before the official results were announced on Sunday, Delgado had conceded, acknowledging Orsi’s victory was imminent.

“Today, the Uruguayans have defined who will hold the presidency of the republic. And I want to send here, with all these actors of the coalition, a big hug and a greeting to Yamandu Orsi,” Delgado said in a speech as he clutched a large Uruguayan flag in his hand.

He called on his supporters to “respect the sovereign decisions” of the electorate, while striking a note of defiance.

“It’s one thing to lose an election, and another to be defeated. We are not defeated,” he said, pledging that his right-wing coalition was “here to stay”.

The outgoing president, Lacalle Pou, also reached out to Orsi to acknowledge the Broad Front’s victory.

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“I called [Yamandu Orsi] to congratulate him as president-elect of our country and to put myself at his service and begin the transition as soon as I deem it pertinent,” Lacalle Pou wrote on social media.

Supporters hold aloft multiple cut-outs of Yamandu Orsi's face.
Supporters hold cutouts of Yamandu Orsi’s face in Montevideo, Uruguay, on November 24 [Natacha Pisarenko/AP Photo]

Orsi had been considered the frontrunner in the lead-up to the first round of the elections.

Originally from Canelones, a coastal regional in the south of Uruguay, Orsi began his career locally as a history teacher, activist and secretary-general of the department’s government. In 2015, he successfully ran to be mayor of Canelones and won re-election in 2020.

In the 2024 presidential race, Orsi – like virtually all the candidates on the campaign trail – pledged to bolster Uruguay’s economy. He called for salary increases, particularly for low-wage workers, to grow their “purchasing power”.

He also called for greater early childhood education and employment programmes for young adults. According to a United Nations report earlier this year, nearly 25 percent of Uruguay’s children live in poverty.

But the economy was not the only issue at the forefront of voters’ minds. In a June survey from the communications firm Nomade, the largest share of respondents – 29 percent – identified “insecurity” as Uruguay’s “principal problem”.

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That dwarfed the second-highest ranked topic: “Unemployment” was only picked by 15 percent of respondents.

As part of his platform, Orsi pledged to increase the police force and strengthen Uruguay’s borders, including through the installation of more security cameras.

As he campaigned, Orsi enjoyed the support of former President Mujica, a former rebel fighter who survived torture under Uruguay’s military dictatorship in the 1970s and ’80s.

Mujica remains a popular figure on Uruguay’s left, best known for his humble living arrangements that once earned him the moniker of the “world’s poorest president”.

A dog walks through a Montevideo street dressed in an Uruguay flag.
Supporters of Yamandu Orsi, candidate for the Broad Front, walk a dog decorated with the party’s colours in Montevideo, Uruguay, on Sunday [Natacha Pisarenko/AP Photo]

In the first round of voting, on October 27, Orsi came out on top, with 44 percent of the vote to Delgado’s 27 percent. But his total was far short of the 50 percent he needed to win the election outright, thereby triggering a run-off.

The race got tighter from there forward. Only two candidates progressed to the run-off – Delgado and Orsi – and Delgado picked up support from voters who had backed former Colorado Party candidate Andres Ojeda, a fellow conservative who was knocked out in the first round.

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Nevertheless, Orsi quickly pulled ahead after the polls closed for the run-off election on Sunday.

“The horizon is brightening,” Orsi said in his victory speech. “The country of freedom, equality and also fraternity triumphs once again.”

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