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Added on the 31/05/2024 13:00:49 - Copyright : AFPTV - First images
Speaking at the launch of a keenly awaited report, former head of the European Central Bank Mario Draghi warns that the EU faces "existential" challenges as it tries to deliver on its founding values while also tackling issues relating to climate and growth. SOUNDBITE
The European Union announces extra provisional duties of up to 38 percent on Chinese electric car imports. German automobile giant Volkswagen describes the move as "detrimental" to the European market, while Beijing warns it could spark a trade war. "It is a means to correct an imbalanced and unfair competitive situation," says Eric Mamer, chief spokesperson for the European Commission. SOUNDBITE
A Long March 2-C rocket carrying a satellite jointly developed by China and France lifted off from a space base in Xichang, in southwestern China. The launch took place around 3:00pm (0700 GMT). The satellite, dubbed the Space Variable Objects Monitor (SVOM), will seek out gamma-ray bursts, powerful cosmic explosions that offer clues about the history of the universe. IMAGES
The European Commission reprimands France and six other countries for breaching the EU's spending rules. The Executive Vice-President of the European Commission, Valdis Dombrovskis, says "the opening of a deficit-based excessive deficit procedure is warranted" for France as well as Belgium, Italy, Hungary, Malta, Poland and Slovakia. The seven states had deficits -- the shortfall between government revenue and spending -- above three percent of gross domestic product, in violation of the bloc's fiscal rules. SOUNDBITE
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