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US General: Diplomatic talks to end Russia-Ukraine war

General Mark Milley, Chairman of US Joint Chiefs of Staffs said he still believed the war would end at the negotiating table..reports Asian Lite News

General Mark Milley, Chairman of US Joint Chiefs of Staff, has said that neither Russia nor Ukraine is likely to achieve their military aims, and he believes the war will end at the negotiating table, The Guardian reported.

The Pentagon is re-examining its weapons stockpiles and may need to boost military spending after seeing how quickly ammunition has been used during the war in Ukraine, Milley said in an interview with the Financial Times.

While he did not tie the depletion of stockpiles to his support for peace talks, Milley said he still believed the war would end at the negotiating table, The Guardian reported.

He said, “It will be almost impossible for the Russians to achieve their political objectives by military means. It is unlikely that Russia is going to overrun Ukraine. It’s just not going to happen.”

It would also be “very, very difficult for Ukraine this year to kick the Russians out of every inch of Russian-occupied Ukraine”, he said, adding, “It’s not to say that it can’t happen… But it’s extraordinarily difficult. And it would require essentially the collapse of the Russian military.”



On Tuesday, Milley said Russia has lost “strategically, operationally and tactically” during a joint news conference with the US Defence Secretary, Lloyd Austin, The Guardian reported.

He said at the time, “Russia is a global pariah and the world remains inspired by Ukrainian bravery and resilience. In short, Russia has lost – they’ve lost strategically, operationally and tactically and they are paying an enormous price on the battlefield”.

Meanwhile, Russia’s army is estimated to have lost nearly 40 per cent of its prewar fleet of tanks after the almost year-long of fighting in Ukraine, according to a count by the specialist think-tank, the International Institute of Strategic Studies (IISS), according to a media report.

That rises to as much as 50 per cent for some of the key tanks used in combat, forcing Russia to reach into its still sizeable cold war-era stocks, The Guardian reported.

Ukraine’s tank numbers are estimated to have increased because of the number it has captured and supplies of Soviet-era tanks from its western allies.

John Chipman, the think-tank’s chair, said the war had been “a political and military failure for Russia” highlighting shortcomings in leadership and deficiencies in its munitions, despite Kremlin modernisation efforts, The Guardian reported.

“Russia’s actions over the past year have raised questions not only over the competence of its military and senior military leadership, but also over command cohesion,” he said, launching the IISS’s annual Military Balance audit of the world’s armed forces, The Guardian reported.

The thinktank’s figures are based largely on open source images from drones, satellites and on the battlefield, running from the beginning of the war to the end of November, although the conflict means numbers can only be estimated.

Its headline count is that Russia’s number of tanks in its army have reduced by 38 per cent from 2,927 to 1,800, while there have been particularly heavy losses of its workhorse T-72B3, an upgrade first delivered to its army in 2013.

Heavy losses on the battlefield have meant that Russia had lost “around 50 per cent of its pre invasion fleet” of the tank and a related variant, Chipman said, and slow industrial production was “forcing Moscow to rely on its older stored weapons as attrition replacements”.

Russian overoptimism meant that it suffered heavy tank losses at the beginning of the war, particularly in the abortive attack on Kiev, where large numbers of tanks and armoured vehicles moving in a convoy were destroyed on roads north of the capital. Many others were captured or towed off by tractors as the assault failed, The Guardian reported.

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Sunak in N Ireland for post-Brexit trading pacts

The Northern Ireland protocol was agreed as part of Britain’s departure from the European Union…reports Asian Lite News

Prime Minister Rishi Sunak arrived in Northern Ireland to sound out whether its political parties back his plans to improve the post-Brexit trading arrangements for the province.

Officials from Britain and the European Union have been in intense talks on the post-Brexit Northern Ireland trade and customs deal known as the protocol, with expectations growing that new terms could be announced next week.

The Northern Ireland protocol was agreed as part of Britain’s departure from the European Union. But it soon sparked anger among unionists about the imposition of checks on some goods arriving from the rest of the United Kingdom, which Sunak is now trying to solve.

“Whilst talks with the EU are ongoing, ministers continue to engage with relevant stakeholders to ensure any solution fixes the practical problems on the ground, meets our overarching objectives, and safeguards Northern Ireland’s place in the UK’s internal market,” a spokesperson for Sunak’s office said.

“The Prime Minister and Secretary of State for Northern Ireland are travelling to Northern Ireland this evening to speak to political parties as part of this engagement process,” the spokesperson added.

Sunak arrived at his hotel on the outskirts of the city late on Thursday but did not speak to the waiting media. He was expected to meet with the main political parties early on Friday.

Separately, British Foreign Secretary James Cleverly was due in Brussels on Friday to meet European Commission Vice-President Maros Sefcovic, who oversees EU relations with Britain, a Commission spokesperson said.

EU ambassadors will then convene for a “restricted” meeting, an EU diplomat said. The format typically means only the ambassadors attend along with representatives from the Commission and the European Council.

One EU diplomat said it appeared a deal was close but not complete and that the meeting would prepare for a possible rapid conclusion.

The talks so far have been shrouded in secrecy with some of the main players complaining that they have not seen any detail on the possible fixes to issues including the role of the European Court of Justice (ECJ) in Northern Ireland.

In a bid to reduce checks at Northern Ireland ports, the European Commission has said it was open to the idea of “express lanes” to separate goods bound only for Northern Ireland from products heading into Ireland or elsewhere in the EU.

But some lawmakers in Sunak’s Conservative Party and in the Democratic Unionist Party (DUP) want more comprehensive changes, saying they will only accept a deal if it limits the role of the ECJ, a top EU court, in Northern Ireland. That is a red line for Brussels, which insists on the ECJ being the ultimate arbiter of disputes relating to its single market.

Support from the largest pro-British party, the DUP, is likely to be crucial after it boycotted Northern Ireland’s devolved parliament over the protocol. A senior member of the DUP said on Thursday they had not seen the details.

Business leaders have said it is vital to consult Northern Ireland and not present a finished deal negotiated behind closed doors.

Sunak is also due in Munich on Saturday, where he could meet European Commission President Ursula von der Leyen.

Speaking ahead of his party’s meeting with the prime minister, DUP MP Sammy Wilson said Northern Ireland should not be legally separate to the rest of the UK.

“If the issue of being part of the single market rules and single market laws is removed from Northern Ireland, then there’s no need for the European Court of Justice,” he added.

Even though the DUP came second in May 2022 elections to Sinn Féin – a republican party that accepts the protocol – a new Northern Ireland government cannot be formed without its support.

The DUP has said it must be satisfied with any settlement before it agrees to return to power-sharing.

But the deal has split political opinion and the UK and the EU have been in lengthy negotiations about making changes to how it operates.

Ahead of Sunak’s visit, No 10 said: “Whilst talks with the EU are ongoing ministers continue to engage with relevant stakeholders to ensure any solution fixes the practical problems on the ground, meets our overarching objectives and safeguards Northern Ireland’s place in the UK’s internal market.

“The prime minister… [is] travelling to Northern Ireland this evening to speak to political parties as part of this engagement process.”

After the meetings in Belfast the prime minister will travel to Munich for a security summit.

However, the prime minister’s efforts to reach a deal on the protocol have exposed tensions within his Conservative Party.

Former Brexit Minister Lord Frost told the Telegraph that a “feeble deal now” would “make things worse not better”, adding that “no deal is still better than a bad one”.

David Jones, deputy chairman of the European Research Group – a Eurosceptic group of Tory MPs – tweeted that Northern Ireland “must cease to be subject to laws made in Brussels”. “It’s as simple as that,” he said. “Anything less won’t work.”

ALSO READ: UK inflation cools to 10.1%

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Scotland’s first minister Sturgeon resigns

The SNP’s polling has dipped, making a dent in its grip on Scottish politics. The independence movement has stalled, with no real chance of a referendum on the cards any time soon…reports Asian Lite News

Scottish National Party leader Nicola Sturgeon on Wednesday unexpectedly announced she would resign after eight years as Scotland’s first minister.

Sturgeon said she knows the “time is now” for her to stand down, adding that it is “right for me, for my party and for the country.” The Scottish National Party leader made the announcement at a press conference in Edinburgh. She will stay in office until a new SNP leader is appointed.

Less than a month ago, Scottish National Party (SNP) leader Nicola Sturgeon said she still had “plenty in the tank” following the shock resignation of New Zealand’s prime minister, Jacinda Ardern.

Now the 52-year-old is headed out the door.

“First, though I know it will be tempting to see it as such, this decision is not a reaction to short-term pressures,” said Sturgeon, who has been facing increasing tensions with the UK government in London over Scottish independence, as well as Westminster’s decision to block a Scottish law intended to allow trans people in Scotland to change their legal gender without a medical diagnosis.

“This decision comes from a deeper and longer-term assessment,” she added.

Sturgeon said she could no longer give her full energy to the job, and that she felt she must say so now. “I have been wrestling with it, albeit with oscillating levels of intensity for some weeks,” the 52-year-old leader said. “Giving absolutely everything of yourself to this job is the only way to do it.”

She said it was difficult to have a private life, noting it was hard to “meet friends for a coffee or go for a walk on your own” and observed that there was a “brutality” to life at the top.

Sturgeon added that she hoped her successor would be “someone who is not subject to the same polarized opinions, fair or unfair, as I now am.”

Wednesday’s shock announcement led to breathless speculation over Sturgeon’s timing, particularly as she had only recently pledged to make the next British general election a de-facto second referendum on Scottish independence.

While Sturgeon underlined that she felt she didn’t have enough left in the tank to perform her duties, her list of political headaches has grown.

The SNP’s polling has dipped, making a dent in its grip on Scottish politics. The independence movement has stalled, with no real chance of a referendum on the cards any time soon.

She has lost support in her party since she attempted to introduce the controversial bill on gender identification, with some polls suggesting a majority of Scots supported the decision of the UK government to use its powers to block the proposal.

And her husband was caught in a scandal at the end of last year, after it was reported he had personally loaned the SNP Pound 100,000.

Notably, when Scotland held a referendum in 2014, voters rejected the prospect of independence by 55 per cent to 45 per cent – but the political landscape then changed, mostly because of Brexit.

A majority of people in Scotland voted to remain in the European Union in the 2016 Brexit referendum, and the SNP successfully used Brexit as a wedge issue, arguing that Scots were dragged out of the EU against their will.

The SNP is due to have a special conference on independence next month. It is now likely it will go into that conference divided and without any certainty of its direction. All of which will make those opposed to independence very happy indeed. (ANI)

ALSO READ-Sturgeon asks UK govt to agree to 2nd independence referendum

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‘Russian army has lost up to half of its battle tanks’

Ukraine’s tank numbers are estimated to have increased because of the number it has captured and supplies of Soviet-era tanks from its western allies…reports Asian Lite News

Russia’s army is estimated to have lost nearly 40 per cent of its prewar fleet of tanks after the almost year-long of fighting in Ukraine, according to a count by the specialist think-tank, the International Institute of Strategic Studies (IISS), according to a media report.

That rises to as much as 50 per cent for some of the key tanks used in combat, forcing Russia to reach into its still sizeable cold war-era stocks, The Guardian reported.

Ukraine’s tank numbers are estimated to have increased because of the number it has captured and supplies of Soviet-era tanks from its western allies.

John Chipman, the think-tank’s chair, said the war had been “a political and military failure for Russia” highlighting shortcomings in leadership and deficiencies in its munitions, despite Kremlin modernisation efforts, The Guardian reported.

“Russia’s actions over the past year have raised questions not only over the competence of its military and senior military leadership, but also over command cohesion,” he said, launching the IISS’s annual Military Balance audit of the world’s armed forces, The Guardian reported.

The thinktank’s figures are based largely on open source images from drones, satellites and on the battlefield, running from the beginning of the war to the end of November, although the conflict means numbers can only be estimated.

Its headline count is that Russia’s number of tanks in its army have reduced by 38 per cent from 2,927 to 1,800, while there have been particularly heavy losses of its workhorse T-72B3, an upgrade first delivered to its army in 2013.

Heavy losses on the battlefield have meant that Russia had lost “around 50 per cent of its pre invasion fleet” of the tank and a related variant, Chipman said, and slow industrial production was “forcing Moscow to rely on its older stored weapons as attrition replacements”.

Russian overoptimism meant that it suffered heavy tank losses at the beginning of the war, particularly in the abortive attack on Kiev, where large numbers of tanks and armoured vehicles moving in a convoy were destroyed on roads north of the capital. Many others were captured or towed off by tractors as the assault failed, The Guardian reported.

NATO chief urges bigger defence budgets

The member states of the North Atlantic Treaty Organization (NATO) should commit to spending at least 2 per cent of their gross domestic product (GDP) on defence by next year, the alliance’s Secretary General Jens Stoltenberg said.

He was addressing journalists following a NATO defence ministers’ meeting here to address key issues for their security.

Secretary-General of the North Atlantic Treaty Organization (NATO) Jens Stoltenberg speaks during a press conference at NATO headquarters in Brussels. (Xinhua/Zheng Huansong/IANS)

“More countries are now spending at least two per cent of their GDP on defence. And 2022 was the eighth consecutive year of increased defence spending by European allies and Canada. With an additional investment of $350 billion, this trend is expected to continue this year. But more needs to be done,” he said.

NATO allies agreed in 2014 to move toward spending 2 per cent of their GDP on defence by 2024.

He said the allies had agreed on the need to work hand-in-hand with the defence industry to ramp up industrial capacity because Ukraine, to which they were providing unprecedented support, was “consuming an enormous quantity of allied ammunition and depleting our stockpiles”.

He said the ministers had also discussed the security of critical undersea infrastructure following the sabotage of the Nord Stream pipelines.

He announced the establishment of a Critical Undersea Infrastructure Coordination Cell within the NATO headquarters.

The US Navy has been accused in press reports of involvement in last September’s attacks on the Nord Stream gas pipelines in the Swedish and Danish exclusive economic zones under the Baltic Sea, which were built to transport natural gas from Russia to Germany.

US investigative journalist Seymour Hersh alleged in recent days that US Navy divers detonated explosives under the pipelines during the Baltic Operations 2022 NATO maritime exercise.

ALSO READ-Russia seeks to take on Western ‘hegemony’

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India and France set to make advanced helicopter engines

CFM will exclusively power the airline’s newly-announced fleet of 210 Airbus A320/A321neo and 190 Boeing 737 MAX family aircraft…reports Asian Lite News

French aviation and defence equipment manufacturer Safran Helicopter Engines and Hindustan Aeronautics Limited (HAL) have signed a workshare agreement for the joint development of the engine intended for the future 13-tonne Indian Multi-Role Helicopter (IMRH) and its naval version Deck Based Multi-Role Helicopter (DBMRH).

The French major and HAL had signed a Memorandum of Understanding in July 2022 to create a new joint venture intended to develop helicopter engines under the Indian government’s vision of ‘Atmanirbhar Bharat’.

Wednesday’s agreement stipulates the sharing of activities within the joint venture where both parties have agreed on an equivalent repartition. In particular, HAL will take part in the design, development, and production of some of the core engine components, which is a breakthrough achievement in terms of expertise and know-how in the country.

The workshare agreement was signed by HAL Aero Engine Research and Design Centre General Manager K Ramesh and Safran Helicopter Engines’ EVP Sales and Marketing Florent Chauvancy in presence of HAL CMD C B Ananthakrishnan and Franck Saudo, CEO, Safran Helicopter Engines.

“The development of the IMRH helicopter continues, and a 1/3 scale model was displayed by HAL at Aero India 2023. Discussions are also continuing with the Indian Armed Forces on the operational requirements for this new helicopter,” Safran said in a statement after the workshare agreement signing.

It stated that the availability of an indigenous engine will enhance the self-reliance content on the platform and demonstrates the commitment of both Safran Helicopter Engines and HAL to the Narendra Modi government’s vision of Atmanirbhar Bharat – particularly in defence technologies.

“The joint development of high power engine is a new milestone in HALs ever-growing capabilities in the sector with a competent partner like Safran Helicopter Engines. We are confident of making the engine meet the highly stringent and demanding requirements of Indian Defence customers,” said HAL CMD Ananthakrishnan.

Calling HAL its “partner for decades”, Saudo asserted that this programme will bring many advanced technologies to the Indian aerospace ecosystem and will also provide the Indian Armed Forces with state-of-the-art solutions.

Both Safran and HAL will continue to work on the development of this joint venture in the coming months, which is intended not only to develop an engine for the IMRH, but also for other helicopters.

They also agreed on the condition for the transfer right to HAL for manufacturing of seven critical forging and casting raw parts, for further enhancement of indigenous content in Shakti engine of Dhruv and Light Combat Helicopter (LCH) programmes.

On Tuesday, Air India and CFM International – a joint company between GE Aviation and Safran Aircraft Engines – signed an agreement for the largest-ever CFM LEAP engine order.

CFM will exclusively power the airline’s newly-announced fleet of 210 Airbus A320/A321neo and 190 Boeing 737 MAX family aircraft.

Air India’s firm order for 800 LEAP engines includes 420 LEAP-1A, 380 LEAP-1B, plus spares. Air India also signed a CFM services contract.

The LEAP engine family has achieved one of the fastest accumulations of flight hours in commercial aviation history, amassing more than 27 million engine flight hours and 11 million flight cycles.

BAE Systems to make simulators to train military pilots

British defence technology company BAE Systems and FSTC on Wednesday announced plans to design, build and supply world-leading simulators to train pilots of the Indian armed forces.

As per the MoU announced at the ongoing Aero India 2023, the two companies will work together to develop a Twin Dome Full Mission Simulator for BAE Systems’ Hawk Mk132 fast jet trainer aircraft.

The use of a realistic synthetic environment will help pilots train at a higher standard than ever before, the statement said.

The Hawk Mk132 has supported the training of highly-trained pilots to the Indian Air Force for more than two decades, with many aircraft built in India by Hindustan Aeronautics Ltd (HAL) under licence from BAE Systems.

BAE Systems

There are now 650 Hawks operating worldwide and BAE Systems has decades of experience working with armed forces across the globe to deliver and evolve training to prepare pilots for life in fast jet cockpits.

FSTC is India’s leading flight simulation training company. It will integrate the cockpit, motion and visual display system, along with model designated military bases as part of the new agreement.

According to Ravi Nirgudkar, Managing Director, BAE Systems – India, Bangladesh, Sri Lanka, the collaboration with FSTC will enhance capabilities for the Indian armed forces.

“Having worked with the Indian Air Force to support training of highly-trained pilots through Hawk, we can bring our knowledge of the world’s most proven fast jet trainer with our expertise in delivering training from the classroom to the frontline – and everything in between,” Nirgudkar said.

The full mission simulator is due to be installed within 24 months, the statement added.

ALSO READ-US, France slug it out eyeing orders for INS Vikrant

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German climate envoy hails India’s climate goals

Jennifer Morgansaid that both countries can work together in the areas like renewables, green hydrogen and energy efficiency at a time when the world is vulnerable…writes Ayushi Agarwal

Calling India and Germany’s collaboration deep, German Special envoy for international climate action Jennifer Morgan on Wednesday hailed India’s climate goals. She said that both countries can work together in the areas like renewables, green hydrogen and energy efficiency at a time when the world is vulnerable.

“I think German Indian collaboration is long and deep, at least 60 years of collaboration and I think we’re very honoured to work in that partnership with India, which we benefit from quite a lot and really been here to listen, understand, and see how we can deepen our collaboration. We are far away from what is needed on our climate on implementing the Paris agreement. And I think right now having time to sit and listen to each other and see how we can work together is very, very important” said Morgan, the special envoy in the German Foreign Ministry. She further said, “The Indian government’s pathway like the net zero goal to 2070 and the impressive non-fossil goals that have been set. We’re looking to see how we can work together more. We have lots of collaboration on areas like renewables, green hydrogen Energy Efficiency. I think the G20 presidency is preparing that in a very sound way, having the climate change issue really integrated across the various working groups, very impressive.”

The envoy while highlighting Russia – Ukraine war also pointed out Europe’s less dependency on ‘one country’ and “the link between fossil fuel imports, energy, climate security and peace.”

“We know how vulnerable we all are. I watched with great concern the heat waves that happened here last year and Germany has also had quite extreme events. The suffering that happens here is just one small example of the losses of Damages that are occurring and therefore, Germany has really prioritized in the climate negotiations, supporting loss and damage adaptation finance,” Jennifer Morgan.

Morgan further said, “But we also know that the more we’re able to reduce emissions, we’re able to transform our economies to zero carbon and less impacts there will be. So, we take our responsibility very seriously.”

Morgan said that Germany in 2022 accelerated the energy transformation. She said that Germany passed the largest legislative package on energy.

Morgan said, “We have a 2045 greenhouse gas neutral climate law, binding law, which looked are all targets to be in climate neutral by 2045. And last year, we actually accelerated that energy transformation. We passed the largest legislative package on energy. To scale up renewable energy to 80 per cent by 2030.”

“We’re at about 48 to 49 per cent right now, and we decided to do this for a range of reasons. I think Russia’s war of aggression against Ukraine just clearly highlighted the link between fossil fuel Imports and energy and climate security and peace. A year ago, fifty per cent of our imports of gas came from Russia and now we’re down to zero Imports of fossil fuels from Russia and so we’ve been diversifying our Imports, she added.

Stressing upon Germany’s climate plan, the envoy said that her country “takes climate finance commitments very seriously’ and ‘how the economies can be growing and investing in renewable energy and Energy Efficiency resilience’.

“You need to remember that the developed countries pledged to 100 billion in Copenhagen and unfortunately that commitment has yet to be made, to be met. Germany takes our climate Finance commitments very seriously, and I think we will continue to do that but we need to step it up,” Morgan said.

She added, “I think it’s not only about that. We really need to be looking at how we can unlock the trillions because that’s how our economies can be growing and investing in renewable energy and Energy Efficiency resilience building shifts and transport as well.”

Upon her arrival in India, Jennifer Morgan in a statement earlier said that “India is a climate policy giant that still has one foot firmly on the ground of the old world of fossil fuels, while also looking to the future. India has recognised the potential that a climate-neutral world offers and wants to tap this for itself.”

“The country has ambitious plans for developing renewable energies and vast potential for solar and wind power and green hydrogen, with great opportunities for investment”, she added. (ANI)

ALSO READ: Eurozone likely to avoid recession but Germany, Italy still at risk

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Russia seeks to take on Western ‘hegemony’

Russian foreign Minister Sergei Lavrov took an apparent jibe at West’s “selfish interests”…reports Asian Lite News

Russia’s upcoming new foreign policy concept will focus on terminating the West’s “monopoly” in international affairs, the country’s Foreign Minister Sergei Lavrov has said.

International affairs should be determined not by the West’s “selfish interests”, but on “a fair, universal basis of a balance of interests as required by the UN Charter”, Lavrov said at Russia’s State Duma, Xinhua news agency reported.

“The United States and its allies are obsessed with a maniacal desire to revive the neo-colonial, unipolar world order to interfere with the objective process of the formation and rise of new world centres,” he said.

Washington and its allies are waging “an all-out hybrid war against Russia that has been prepared for many years” in order to defeat Russia on the battlefield, destroy its economy, cordon off the country and turn it into an “outcast”, Lavrov added.

However, all of the West’s attempts to isolate Russia have failed, he stressed.

ALSO READ: India-Russia ties ‘under stress’ amid West interference: Envoy

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Eurozone likely to avoid recession but Germany, Italy still at risk

In the last three months of 2022, the 27 member countries of the EU reported an average zero growth compared to the previous quarter…reports Asian Lite News

The eurozone may end up sidestepping the risk of a recession, as the latest data released by Eurostat showed positive economic growth in the fourth quarter of 2022.

But some countries — including Germany and Italy, which represent the eurozone’s first and third largest economies respectively, are still facing recession risks.

Eurostat, the European Union (EU)’s main statistics entity, reported on Tuesday that the 19 eurozone economies grew by a modest 0.1 per cent in the fourth quarter of 2022 compared with the previous quarter. The data did not include Croatia, which became the 20th member of the euro area at the very start of this year.

As an economic recession is defined as two consecutive quarters of negative gross domestic product (GDP) growth, and economic forecasts predict European economies will pick up growth rates in the second quarter this year, this indicate the euro area could probably avoid a technical recession.

But that is not the case for all the countries. Six of eurozone countries showed negative economic growth in the fourth quarter of 2022, including Germany and Italy, whose growth declined by 0.2 per cent and 0.1 per cent respectively.

The two countries were hardest hit by the Ukraine crisis, as both have export-driven economies and depend heavily on natural gas from Russia, which has been disrupted following sanctions against Russia.

In the last three months of 2022, the 27 member countries of the EU reported an average zero growth compared to the previous quarter.

Countries across Europe suffered from high inflation caused by surging energy prices last year. Eurostat’s data showed that the inflation rate for the eurozone dipped back into single digit in December, tallying a 9.2-per cent. For the EU as a whole, the rate in December was 10.4 per cent.

The three Baltic states — Estonia, Latvia and Lithuania — where Russia’s economic influence is strong, reported the highest estimated inflation rates in January, at 18.8 per cent, 21.6 per cent and 18.4 per cent respectively.

Netherlands escapes recession

The Dutch economy grew by 0.6 per cent in the fourth quarter (Q4) of 2022, narrowly escaping a recession feared in the final months of last year, Statistics Netherlands (CBS) said on Tuesday.

Growth in Q4 was broad-based, with the trade balance and household consumption making the largest contribution. In Q3 of 2022, the economy shrank 0.2 percent and there were fears that the country would end up in a recession with another quarter of contraction.

Economic growth of 0.6 per cent in the Netherlands was higher than that in the neighboring European countries, the CBS said. In France and Belgium, economic growth was 0.1 per cent in the same period, while in Germany, the largest economy in the European Union (EU), the economy contracted by 0.2 per cent.

Citing preliminary figures, the CBS said that the country’s annual GDP growth rate for 2022 was 4.5 per cent, mainly due to higher household consumption and to improvements in the trade balance.

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EU officially bans gas and diesel car sales from 2035

The new legislation sets the path towards zero CO2 emissions for new passenger cars and light commercial vehicles in 2035…reports Asian Lite News

In a move to boost the transition to electric vehicles (EVs), the European Parliament has approved the law to ban the sale of new gas and diesel cars in the EU, starting in 2035.

The new legislation sets the path towards zero CO2 emissions for new passenger cars and light commercial vehicles in 2035 (an EU fleet-wide target to reduce CO2 emissions produced by new cars and vans by 100 per cent compared to 2021).

The Commission will present by 2025 a methodology to assess and report data on CO2 emissions throughout the full life-cycle of cars and vans sold on the EU market.

“This regulation encourages the production of zero- and low-emission vehicles. It contains an ambitious revision of the targets for 2030 and a zero-emission target for 2035, which is crucial to reach climate neutrality by 2050,” said Jan Huitema, a member of the European Parliament.

“Purchasing and driving zero-emission cars will become cheaper for consumers and a second-hand market will emerge more quickly. It makes sustainable driving accessible to everyone,” Huitema added.

Manufacturers responsible for small production volumes in a calendar year (1,000 to 10,000 new cars or 1,000 to 22 000 new vans) may be granted a derogation until the end of 2035 (those registering fewer than 1 000 new vehicles per year continue to be exempt), said the Commission.

Every two years, starting from the end of 2025, the Commission will publish a report to evaluate the progress towards zero-emission road mobility.

The law was first accepted by negotiators from EU countries, the European Parliament and the European Commission in October last year.

Several automakers like Volkswagen have already said to produce only EVs in Europe by 2033.

ALSO READ: Ford to cut 3,800 jobs in Europe

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Macron again seeks India’s role in ending Russia-Ukraine conflict

The French President had in September lauded PM Modi’s remarks to Russian President Vladimir Putin on the Russia-Ukraine conflict….reports Asian Lite News

French President Emmanuel Macron has reiterated that India can help end the conflict between Russia and Ukraine, noting that the country under the leadership of Prime Minister Narendra Modi can mobilize the world and help address “tremendous issues we have in front of us”.

Macron made the remarks during the virtual meeting to announce the aircraft deal under which Air India will buy 250 planes from Airbus. “We are working together for the success of India’s G20 Presidency in a difficult context with the Russian aggression against Ukraine and India under your leadership clearly can be the one to mobilize whole world and help us to address the tremendous issues we have in front of us,” Macron said in the virtual meeting in the presence of PM Moid.

The French President had in September lauded PM Modi’s remarks to Russian President Vladimir Putin on the Russia-Ukraine conflict.

“Narendra Modi, the Prime Minister of India was right when he said the time is not for war. It is not for revenge against the West, or for opposing the West against the east. It is the time for a collective time for our sovereign equal states. To cope together with challenges we face,” Macron had said at the 77th session of the United Nations General Assembly.

PM Modi and Putin had met in September last year on the sidelines of the Shanghai Cooperation Organisation (SCO) of Samarkand in Uzbekistan. His ‘time is not for war’ remarks to Putin were hailed by other world leaders also.

Macron in his remarks at the virtual event to unveil the Airbus deal hailed the ties between India and France.

“This achievement shows that Airbus and all its French partners are fully dedicated to develop new areas of cooperation with India. We have achieved so much with India. We have historic opportunity to go much further, given the potential of India and Indian people,” he said.

“The end of the pandemic should lead to more exchanges between our two countries. Students, scientists, artists, businessmen, women, tourists all are most welcome to France and I encourage Indians to come and be part of this French Indian friendship,” Macron said.

Russia-Ukraine crisis.(photo:ukraine_defence/Instagram)

According to a statement released by Elysee Palace, Macron said the contract, for the delivery of 250 aircraft, marks a new stage in the strategic partnership between the two countries.

The deal includes 40 A350 wide-body ultra-long-range aircraft. The rest will be narrow-body aircraft.

“It testifies to the relationship of trust that the President of the Republic has been able to forge with his partners in the Indo-Pacific, in the forefront of which Prime Minister Modi. This contract also demonstrates once again the recognition in the world of the excellence of French industry in the field of aeronautics. It will bring significant economic benefits,” the statement said.

In his remarks, Prime Minister Narendra Modi highlighted the growth in civil aviation sector in India.

Emphasising on the strong presence of French companies in India, PM Modi recalled the recent decision by French aerospace engine manufacturer SAFRAN to set up its largest MRO facility in India to service aircraft engines for both Indian and international carriers.

“I would like to express my heartiest congratulations and best wishes on this landmark agreement between Air India and Airbus. My special thanks to my friend President Macron for joining us in this event,” PM Modi said.

“This important deal not only demonstrates the ever-deepening relations between India and France. But, are also reflections of India’s successes and expectations in the civil aviation sector,” he added. (ANI)

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