Tariffs imposed by the EU on Chinese solar panels are lower than expected and may drive up imports for the next two months while officials pursue a trade agreement, renewable-energy developers said.
Adroitly alternating the threat of a trade war with the lure of its huge import market, China appears to have driven a deep wedge between Germany and the rest of the EU. And it may even have caused a rift within the Germany business world.
The New York Times
A majority of EU governments oppose a plan to impose hefty duties on solar panel imports from China, a survey of member states showed on May 27, undermining efforts by Brussels to pressure Beijing over its trade practices.
Fearful of losing business in China, Germany, UK and the Netherlands are among at least 14 member states who oppose the sanctions, it was reported.
EU trade authorities on Monday signaled they would push ahead with a plan to impose import tariffs on solar-panel equipment made in China, despite heavy lobbying from the Chinese government that appeared to be weakening support for the duties among EU member governments.
Wall Street Journal
China-based solar panel makers are seeking separate trade settlements with the US and the EU to avoid steep tariffs in their biggest markets.
The European Commission has proposed a tough 47% anti-dumping tariff to penalise the imports, it emerged on May 8.
Retail sales across the eurozone have fallen for the second month in a row in March, according to the European Union statistics agency Eurostat.
Fears that Cyprus's two biggest banks may collapse if a bailout is not agreed have seen investors ditch the euro and turn to relatively safer assets.
As of today, March 5, all China-made solar modules and their main components coming into the EU must register with national customs authorities.
Contract chipmaker Globalfoundries chief executive Ajit Manocha said European governments should do more to encourage chip manufacturers to set-up shop in the region, rather than going to Asia where they receive large subsidies.
The Chinese government on Tuesday sent a delegation to Europe to negotiate with the European Union about the trade friction over solar panel imports.
A scheduled workers' protest at China's four largest solar panel companies against the filing of an anti-dumping complaint in the European Union was called off Thursday morning.
Germany may call on the European Union to apply high import tariffs on Chinese solar panels that are sold at less than production costs, Environment Minister Peter Altmaier told the WirtschaftsWoche busniess magazine.
The results in France and Greece came after a tumultuous few weeks in which the Dutch government fell and Britain's Conservative-led coalition received a licking in local elections.
Unemployment in the eurozone reached a record high again in March 2012 as spending cuts continued to hit the working population.
Leaders from China and the European Union are holding a summit in Beijing set to focus on Europe's debt crisis, as the EU hopes for Chinese support.
After a marathon all-night session and another day of wrangling at a crucial summit in Brussels, European leaders hammered out a deal they hope will stave off a eurozone collapse and create an anti-crisis framework for the future.
Next up on the 2011 Europe Financial Calamity tour?
During a joint press conference with German Chancellor Angela Merkel, French President Nicolas Sarkozy said that 'broad agreement' was reached to ramp up the firepower of the eurozone rescue fund.
The IPTV global subscriber base has now passed 50 million customers, and in the largest IPTV market, France, more than 50% of its broadband customers now subscribe to IPTV.
Broadband TV news
A warning from a government trade council in Taiwan highlights concerns that the island has become increasingly isolated by the burgeoning network of free trade agreements connecting Asia and the rest of the world.
Wall Street Journal
Thousands of people have spent the night outdoors in the southern Spanish town of Lorca after an earthquake which killed at least eight people.
European companies in China ranked Shanghai as the most attractive city to locate their Asia-Pacific headquarters as the Chinese city provides companies with direct access to the region's biggest market, according to a survey.
A gauge of manufacturing in the euro region rose to 59 last month from 57.3 in January, London-based Markit Economics said in an e-mailed report. That's the highest since June 2000. A reading above 50 indicates expansion.
Bloomberg (via Businessweek)
The European Parliament has ratified a free-trade pact between the EU and South Korea - clearing the way for the deal to come into effect from July.
Chosun Daily (USE The Chosun Ilbo)