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‘We want to compete on quality, not subsidies’ with the US, warns VDL

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‘We want to compete on quality, not subsidies’ with the US, warns VDL

The European Union needs to compete with the USA on “high quality, not subsidies,” Ursula von der Leyen has warned because the administration of US President Joe Biden begins to roll out a large programme of tax credit and direct rebates for inexperienced know-how below the so-called Inflation Discount Act (IRA).

The IRA will dole out as much as $369 billion over the subsequent ten years for American corporations and customers who want to produce, make investments and purchase issues like photo voltaic panels, wind generators, electrical automobiles, batteries and electrolysers to generate low-emission hydrogen.

Crucially, the subsidies will apply provided that the merchandise are principally processed and manufactured in North America, a provision the EU considers discriminatory and unfair.

“It’s nice that our American mates are actually closely investing of their local weather agenda. We began earlier,” Ursula von der Leyen mentioned on Friday throughout an official go to to Sweden.

However, she added, “there are some components within the IRA which have a detrimental affect on the extent enjoying discipline between us and the USA.”

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Fears are rising that European corporations will regularly transfer their operations to America with a view to revenue from the IRA’s tax credit and go away the continent’s manufacturing sector in tatters.

Talking on Friday, the European Fee President promised to ship “very sturdy, constructive and reassuring” countermeasures to forestall the commercial exodus. This reply would complement an ongoing dialogue between Brussels and Washington aimed to deal with the details of friction.

“$369 billion is a formidable quantity,” von der Leyen admitted.

“What’s essential for us,” she continued, “is that with the clean-tech sector, and all of the modern energy that it has, we now have a stage enjoying discipline. We need to compete on high quality, that is essential, we don’t need to compete on subsidies, however on high quality.”

As a primary step, von der Leyen mentioned her providers would concentrate on a two-fold method: tweaking the EU’s state support framework and establishing new sources of collective funding.

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The modifications to state support guidelines, which give the Fee the ability to dam nationwide subsidies that threaten to disrupt honest competitors among the many 27 member states, will likely be “focused” and “short-term,” von der Leyen mentioned.

“However it isn’t appropriate for each member state,” she famous. 

Stress-free state support guidelines is mostly seen as helpful for bigger international locations, like Germany and France, which have the monetary energy to inject beneficiant subsidies into their nationwide industries however as doubtlessly detrimental for smaller and poorer states that is perhaps left defenceless in opposition to this sudden financial enhance.

“Subsequently, it is so essential to have, apart from the state support that needs to be used, additionally a funding instrument or funding instruments that we are going to develop (and) give a solution to the necessity of funding in tech, principally in widespread European initiatives and customary European pursuits within the inexperienced transition,” von der Leyen mentioned.

The Fee chief mentioned this new funding needs to be “obtainable within the brief time period and within the mid-term” however didn’t give extra particulars on its dimension or its origin, because the EU’s seven-year finances is already agreed upon and has barely any room left to accommodate contemporary bills.

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The thought of issuing new widespread EU debt, as was the case for the €750-billion coronavirus restoration fund, has gained traction in latest weeks, however frugal international locations stay opposed.

Nevertheless, the IRA’s entry into power and its evident outcomes – together with an announcement by the Korean firm Hanwha Qcellsa to spend $2.5 billion on manufacturing photo voltaic panels in Georgia – has drastically elevated the sense of urgency throughout the bloc.

Earlier this week, Belgian Prime Minister Alexander De Croo accused the US of courting European corporations “in a really aggressive manner” and telling them “do not put money into Europe, we now have one thing higher.”

De Croo claimed Belgian chemical and metal corporations had been approached by America however mentioned he didn’t know if the lobbying had been undertaken by public authorities or the non-public sector.

“You would say it is honest recreation, however you then (the US) shouldn’t say: ‘Oh, we forgot in regards to the affect on Europe’,” the Belgian chief instructed the Monetary Occasions.

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“I feel they have been very nicely conscious of the affect that it could have.”

Requested about De Croo’s incendiary feedback, von der Leyen refused to say if she had acquired any studies of American corporations wooing their European rivals.

“For us, it is crucial to be quick,” the Fee chief mentioned.

“Funding selections are being taken now. We want the inexperienced transition. We want the green-tech sector now. We’re main, we’re the pioneers of that, however we need to hold the business right here and we need to help the business right here.”

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'Ron, I love that you're back': Trump and DeSantis put an often personal primary fight behind them

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'Ron, I love that you're back': Trump and DeSantis put an often personal primary fight behind them

DES MOINES, Iowa (AP) — Donald Trump, the presumptive Republican presidential nominee, and Florida Gov. Ron DeSantis are signaling to donors that they are putting their rivalry behind them after a contentious and often personal primary fight.

DeSantis convened his allies this week in Fort Lauderdale, Florida, to press them to raise money to support Trump, making the case over a seafood and steak dinner that they need to work together to prevent Democratic President Joe Biden from winning a second term. The governor and about 30 people then spent Thursday morning in a hotel conference room raising money for an outside group that supports the former president’s 2024 White House campaign.

Trump called into the gathering to thank members of the group for their work, according to four people familiar with the matter who were not authorized to publicly discuss the private session and spoke on condition of anonymity.

In what three people present described as a warm and gracious call to the group that was heard over speakerphone, Trump praised DeSantis and the effort, saying “Ron, I love that you’re back.”

A reconciliation helps both of them. Trump is trying to make up fundraising ground against Biden while DeSantis hopes to preserve a potential future White House run for which Trump’s supporters could be key.

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DeSantis and his top donors are raising money for the super political action committee Right for America, backed by big Republican donors such as Ike Perlmutter, who has agreed to match at least a portion of the DeSantis team’s fundraising rather than funneling money directly to Trump’s campaign.

That arrangement, reached after talks between the Trump and DeSantis camps, is designed to address concerns among DeSantis supporters about their money going to pay the former president’s legal bills, according to people familiar with the matter who requested anonymity to discuss the private talks. Trump notably blessed the structure when he called into the group’s meeting Thursday.

“This is where I want you to focus,” Trump said in a roughly 15-minute call, according to a senior political adviser to DeSantis who was not authorized to publicly discuss the private meeting and spoke on condition of anonymity.

DeSantis’ decision to push money to the PAC instead of giving directly to Trump’s campaign has raised eyebrows among some Trump campaign officials, according to a person familiar with the former president’s campaign thinking who spoke on condition of anonymity to discuss the arrangement.

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Right for America is competing for donors with MAGA Inc., the chief super PAC backing Trump. Such groups are prohibited from directly coordinating with a presidential campaign, something that hamstrung DeSantis during his presidential run due to conflicts between his campaign and his support of Never Back Down, the largest super PAC backing DeSantis’ candidacy.

Other supporters of both men support the arrangement. Right for America is run by Sergio Gor, a longtime Trump ally who is close to the former president’s eldest son, Donald Trump Jr. The two run Winning Team Publishing, which published two of the former president books.

Some DeSantis donors had been reluctant to give to Trump because they worried their money would help pay Trump’s lawyers in his criminal cases instead of being used directly to focus on beating Biden.

A number of big-name Florida contributors who have given to DeSantis remain hesitant about contributing to efforts to support Trump, said Al Hoffman, a Palm Beach County Republican donor and former Republican National Committee finance chair.

“I know that there are Republican conservative, big-money donors that are very reluctant to endorse Trump,” said Hoffman, who was also chairman of former Florida Gov. Jeb Bush’s 2002 reelection campaign.

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DeSantis endorsed Trump when he dropped out of the race and promised in a face-to-face meeting with the former president in April to work for his campaign. The 45-year-old governor, who has won two terms and pushed a longtime swing state increasingly to the right, may run for the White House again and would need the backing of Trump voters in a future Republican primary.

DeSantis called his allies to Fort Lauderdale this week to raise money for Trump, telling them on Wednesday night that they needed to work to prevent a second Biden term.

The meeting was the kickoff for what is expected to be a coast-to-coast fundraising effort by DeSantis allies, with upcoming events likely in Texas, California, Washington state and perhaps New York.

Trump and DeSantis have also discussed a role for the governor at the Republican National Convention. Aides to DeSantis said it was Trump’s suggestion and was not contingent on any fundraising effort on DeSantis’ part.

Donors who discussed the Thursday event were struck by the collegiality between Trump and DeSantis during the call to the meeting. One person who spoke on condition of anonymity about the closed-door gathering called the conversation “very gracious” and noted that Trump and DeSantis talked about golf, a favorite Trump pastime.

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Associated Press writer Jill Colvin in New York contributed to this report.

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The Mystery of Indira Gandhi's assassination by her own bodyguards

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The Mystery of Indira Gandhi's assassination by her own bodyguards

Indira Gandhi, a prominent Indian politician and the daughter of Jawaharlal Nehru, India’s inaugural prime minister, was tragically assassinated by her own bodyguards on Oct. 31, 1984. 

Born Nov. 19, 1917, she emerged as a central figure in her country’s political landscape, eventually becoming prime minister in her father’s footsteps. 

The trust she placed in her favorite Sikh security guard, following Operation Blue Star, ultimately proved to be a fatal mistake. In exploring the narrative of Gandhi’s assassination, it is crucial to examine the backgrounds and motivations of her assailants, shedding light on the reasons that led to their fatal decision.

Prior to her time in office, Indira Gandhi studied at prominent institutions, including Somerville College, Oxford and the Visva-Bharati University in West Bengal. (Shukdev Bhachech/Dipam Bhachech)

Who was Indira Gandhi?

Gandhi served as her country’s third and only female prime minister starting in 1966 to 1977, and then served another term from 1980 until she died in 1984.

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As a central figure of the Indian National Congress, she was admired for her leadership and criticized for her authoritarian approach. She played a significant role in Indian politics and is often cited as a trailblazer for women throughout the country.

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Gandhi was a key player in Indian politics for 17 years, whether in office or out of it. She played an active role in the Independence movement and closely worked with her father, Jawaharlal Nehru, a pivotal figure in the establishment of contemporary India, serving as his assistant when he was prime minister. In 1959, she also held the position of president of the Indian National Congress.

Indira Gandhi speaks into microphone to crowd

Indira Gandhi’s tenure has been characterized by significant economic and social changes, but also by allegations of authoritarianism.

Indira Gandhi becomes prime minister

Gandhi rose to power suddenly after Lal Bahadur Shastri died in 1966. At the outset of her leadership, India struggled with significant economic hardships, including high inflation and food shortages. The country’s agricultural sector was vulnerable due to its dependence on the monsoon seasons and aid from the U.S. 

She also faced substantial political challenges and dedicated much of her tenure to overcoming these issues, the same issues Nehru attempted to resolve. She fought to direct India toward self-reliance and economic resilience. By 1980, India had become self-reliant and even became a nation of grain surplus, alongside notable industrial progress — achievements attributed to her governance.

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Indira Gandhi with father Nehru

Indira Gandhi’s involvement in politics began at an early age, often accompanying her father on his political campaigns. (Hulton Archive)

Acknowledged milestones during her leadership include the triumph in the 1971 War with Pakistan, the formation of Bangladesh and the cementing of India’s status as a potential nuclear power. All of these developments strengthened India’s self-esteem. 

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Her tenure ended with her assassination, leaving behind a legacy of achievements and unresolved tensions. 

Indian society was divided about her; some called her “Mother Indira,” and others viewed her as authoritarian. However, it is widely accepted that her leadership shaped India and set the course for its future.

Ram Bulchand Lalweni being led away to court after a failed assassination attempt of Indira Gandhi

Indira Gandhi was assassinated by her own Sikh bodyguards on Oct. 31, 1984, following the events of Operation Blue Star. (Keystone/Getty )

Operation Blue Star

Gandhi’s time as prime minister was impaired by increasing tensions with Sikh separatists, culminating in Operation Blue Star. This was the Indian army’s response in June 1984 to remove militant Sikh leader Jarnail Singh Bhindranwale and his followers, who had hidden themselves within the Golden Temple in Amritsar. The militants’ substantial armaments led to a heavy-handed military response, which included the use of artillery.

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The conflict ended on June 10 with the army seizing control of the temple. However, the operation, which coincided with a significant Sikh religious event, resulted in numerous civilian deaths who were present at the time. This resulted in widespread condemnation from Sikhs globally. They interpreted it as an attack on their religious community.

Indira walking during the Inspecting Guard of Honor ceremony

Indira Gandhi served as prime minister of India for three consecutive terms (1966-77) and a fourth term from 1980 until her assassination in 1984.

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The repercussions of Operation Blue Star severely damaged Gandhi’s standing with Sikhs, which eventually led to her assassination.

Assassination of Indira Gandhi

Gandhi’s assassination on Oct. 31, 1984, was committed by her bodyguards, notably Beant Singh, who was considered a favorite. The assassination was a consequence of the tensions from Operation Blue Star and led to a planned reassignment of Sikh bodyguards, including Singh. Gandhi canceled the transfer, worried about increasing her anti-Sikh persona. 

Indira Gandhi with son Sanjay

Indira Gandi married Feroze Gandhi in 1942, and together had two sons, Rajiv Gandhi and Sanjay Gandhi. (Keystone/Getty)

On the morning of her assassination, despite being advised to wear a bulletproof vest, Gandhi was not wearing it. 

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As she walked through a gate headed to an interview, Singh shot her three times in the abdomen with his .38 revolver. Satwant Singh, another bodyguard, fired 30 rounds from his submachine gun. Following the assault, Beant was located and killed by Border Police, and Satwant was tried and executed in 1989.

Indira Gandhi’s son, Rajiv Gandhi, succeeded her as prime minister of India. 

EDITOR’S NOTE: This report has been updated to clarify Indira Gandhi’s successor.

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Salis under house arrest in Hungary pending trial and EU elections

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Salis under house arrest in Hungary pending trial and EU elections

Italian activist Ilaria Salis will be under house arrest until her trial concludes, with another hearing scheduled for Friday in Budapest. However, she could be released if elected in the European elections.

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Italian anti-fascist activist Ilaria Salis was released from Budapest’s maximum-security prison on Thursday morning, where she had been held for over 15 months, and placed under house arrest.

“We finally have the chance to hug her again, we hope this is a temporary stage before finally seeing her in Italy,” said Roberto Salis, the Milanese activist’s father.

The release follows a Hungarian court’s decision on May 15 to uphold Salis’ appeal against her pre-trial detention.

The Italian teacher will now be under house arrest in a flat in the Hungarian capital, monitored by an electronic bracelet.

It took several days to enforce the judges’ decision after a €40,000 bail payment.

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Salis was arrested on 11 February 2023 together with two German activists on charges of participating in the beating of three far-right militants and being part of a criminal association.

Salis’ lawyers are hopeful for a commitment “from the Italian authorities to secure Ilaria’s immediate transfer to Italy,” as required by European law.

After months of diplomatic tensions and protests against Hungary over Salis’ pre-trial detention, the activist’s case took a turn after she was nominated by the Left Green Alliance for the upcoming European elections in June.

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