Europe Moves to Ban Internal Combustion

The Independent reports that France will ban gasoline-powered vehicles by 2040. The Independent is foolish enough to think that this is good news:

France plans to ban all petrol and diesel vehicles by 2040, the country’s new environment minister has announced.

Nicolas Hulot made the announcement as he unveiled a series of measures as part of newly elected President Emmanuel Macron’s plan to make the country carbon neutral by 2050. Continue reading

The Chinese Economic Offensive in Europe

 

Where the largest population in the world has set its sights

Englishmen: Did you know the Chinese now control House of Fraser? Italians: Did you know the Chinese now own Pirelli? Swedes: Did you know the Chinese now own Volvo?

Depending on how old you are, you’ll likely be either embracing or resisting the Chinese economic offensive into Europe. But if you’d been a Greek youth struggling with 50 percent unemployment in the eurozone crisis, you would have been loving the extra Chinese foreign investment.

China has been looking to break into Europe for decades; in the last five years, its efforts have finally paid off. From 2010 to 2014, Chinese investments in Europe went from $6 billion to $55 billion. And remember, that huge increase happened as China’s economy had been comparatively slowing down.

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