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Foreign investors are increasingly turning away from France, favoring the UK amid ongoing political uncertainty. President Macron is making efforts to delay the EU"s trade deal with South America, known as the Mercosur pact, which faces opposition from French farmers and government officials who warn it could harm European unity.
The G20 Leaders' Summit in Rio de Janeiro marked a significant milestone for the WHO's first investment cycle, with leaders committing to sustainable financing. The total pledged now stands at $1.7 billion, contributing to a goal of $7.1 billion to enhance global health strategies and save millions of lives over the next four years. The investment cycle aims to diversify funding sources and improve the organization's financial resilience, enabling more effective responses to health crises.
The G20 summit in Rio de Janeiro is showcasing Brazil"s leadership under President Lula, who aims to address global hunger and poverty through initiatives like a special tax on the super-rich. Despite tensions, including Argentina"s opposition, the summit has seen a warm welcome from Brazil, with significant attendance from global leaders, including US President Biden and Chinese President Xi Jinping. Lula"s focus on social issues reflects a shift in the global power dynamic, as he seeks to elevate the voice of the Global South.
French farmers protested near Paris against a potential EU-Mercosur trade deal, fearing it would harm local agriculture by allowing low-quality imports. The FNSEA union emphasized the urgent need for support and deregulation, while President Macron reiterated France"s opposition to the deal during the G20 summit in Rio.
European farmers are protesting the EU's trade deal with Mercosur, fearing it will undercut local agriculture due to lower standards in South America. While some sectors like pigmeat and dairy may benefit, the deal's impact on beef and poultry is seen as a threat to local producers. Critics argue that the EU's push for sustainability is undermined by importing meat from deforested areas, highlighting a perceived double standard in agricultural policy.
Emmanuel Macron is in Argentina to address concerns over potential disruptions to the G20 summit by Javier Milei, while also seeking to delay the EU's significant trade agreement with South America, known as the Mercosur pact. Meanwhile, European unease grows regarding Trump's cabinet selections, particularly with Marco Rubio's hawkish stance on China and Tulsi Gabbard's intelligence role.
France's ambition for a €800 million Saudi investment in cultural projects has dwindled to just €50 million, as President Macron's upcoming visit is seen as a last chance to revive the deal. Despite initial hopes for cooperation on transforming AlUla into a tourist destination, years of stalled negotiations and shifting commitments have left the future of the agreement uncertain.
NATO's Innovation Fund is investing in European tech startups to enhance military capabilities amid concerns over US support under Donald Trump's administration. Key investments include Space Forge, which aims to manufacture semiconductors in space, and ARX Robotics, developing autonomous battlefield robots. This initiative seeks to bolster Europe's defense innovation and reduce reliance on American technology.
Emmanuel Macron urged the European Union to align its banking regulations with those of the United States, advocating for a delay in implementing stricter rules. He emphasized the need for flexibility to remain competitive, suggesting that if the US eases its prudential regulations, the EU should follow suit to allow for reinvestment in capital.
Emmanuel Macron cautioned that Europe is on the brink of a trade war with both the US and China, driven by Donald Trump's economic policies. He emphasized that the next US administration is likely to maintain strong market protections, potentially disrupting value chains between Europe and America.
Emmanuel Macron
People
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France opposes Mercosur trade deal amid political tensions and investor concerns
12:43 19.11.2024
g20 leaders commit to sustainable funding for world health organization investment cycle
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G20 summit in Brazil focuses on poverty and environmental investments
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20:27 18.11.2024
french farmers protest against mercosur trade deal during g20 summit
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14:33 18.11.2024
eu farmers express concerns over mercosur trade deal impacts on agriculture
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17:19 17.11.2024
Macron seeks to influence G20 and delay Mercosur trade deal
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15:23 17.11.2024
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nato invests in european tech startups to enhance defense capabilities
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13:38 14.11.2024
macron urges eu to align banking regulations with us standards
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macron warns of impending tariff wars between europe us and china
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17:24 13.11.2024
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