Search results for "European Commission "

EU Countries Poised to Approve 2035 Phaseout of CO2-Emitting Cars

European Union countries’ energy ministers are set to give final approval on Tuesday to the bloc’s law to end sales of new CO2-emitting cars in 2035, after Germany won an exemption for cars running on e-fuels. The vote comes three weeks later than planned after Germany’s transport ministry lodged last-minute opposition to the law, threatening […]

Sanofi, Regeneron Unveil ‘Blow-Out’ Smoker’s Lung Drug Data

Sanofi’s asthma drug Dupixent met all targets in a trial to treat “smoker’s lung”, potentially adding billions to the French drugmaker’s growth prospects, but also underscoring a heavy reliance on its bestseller. In a late stage trial Dupixent, jointly developed with Regeneron, led to a 30% reduction in moderate or severe acute exacerbations of chronic […]

Explainer - What Are e-Fuels, and Can They Help Make Cars CO2-Free?

Germany has declared last-minute opposition to a landmark European Union law to end sales of CO2-emitting cars in 2035, demanding that sales be allowed of new cars with internal combustion engines after that date if they run on e-fuels. The EU rules would require all new cars sold from 2035 to have zero CO2 emissions, […]

As AI Booms, EU Lawmakers Wrangle over New Rules

Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of the matter have told Reuters. The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers […]

Scratched EV Battery? Your Insurer May Have to Junk the Whole Car

For many electric vehicles, there is no way to repair or assess even slightly damaged battery packs after accidents, forcing insurance companies to write off cars with few miles – leading to higher premiums and undercutting gains from going electric. And now those battery packs are piling up in scrapyards in some countries, a previously […]

EU Announces Plans to Lead Green Industrial Revolution

The European Commission presented the centrepieces of a strategy on Thursday to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition. The EU executive’s Net-Zero Industry Act and Critical Raw Materials Act, part of its Green Deal Industrial Plan, […]

TSMC's Germany Chip Plant Talks Hone in on Govt Subsidies - Sources

Taiwan chipmaker TSMC’s talks with the German state of Saxony about building a new factory are at an advanced stage and are now focused on government subsidies to support the investment, two people familiar with the matter said. TSMC, the world’s largest contract chipmaker and Asia’s most valuable listed company, flagged in 2021 that it […]

EU to Unveil Plans for Leadership in Green Industrial Revolution

The European Commission on Thursday will present the centrepieces of its strategy to ensure its industry can compete with the United States and China in making clean tech products and accessing raw materials required for the green transition. The EU executive’s Net-Zero Industry Act and Critical Raw Materials Act, part of its Green Deal Industrial […]