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January 27: European Commission president Ursula von der Leyen warned on Friday that global disruptions and volatility are the "new normal", with more geo-economic tensions on the horizon.
"2024 will be a decisive year, with more geo-economic tensions expected -- from the Red Sea to the Taiwan Strait -- which also means more frequent disruptions to supply chains and greater volatility on the energy markets," she told a climate conference in Hamburg.
"International competition is becoming harder. That is the new normal that we have to deal with."
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The emergency meant that the EU was likely to be generating more energy from wind and solar than from gas this year.
But von der Leyen said energy prices needed to come down further, and she urged the "right investment decisions" to make that happen.
Industries in Europe have been severely hit by Russia's war on Ukraine, which has disrupted supply chains and driven up energy prices, sparking sustained inflation.
The difficulties faced by businesses have been compounded by attacks on international shipping in the Red Sea by Iran-backed Huthi rebels in Yemen.
In response, Britain and the United States have struck Huthi targets.
The election in Taiwan of a new president from the Democratic Progressive Party, which rejects China's claim to the island, has also sparked fears of fresh turbulence in East Asia. – AFP/RSS
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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'summary' => 'January 27: European Commission president Ursula von der Leyen warned on Friday that global disruptions and volatility are the "new normal", with more geo-economic tensions on the horizon.',
'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">January 27: European Commission president Ursula von der Leyen warned on Friday that global disruptions and volatility are the "new normal", with more geo-economic tensions on the horizon.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">"2024 will be a decisive year, with more geo-economic tensions expected -- from the Red Sea to the Taiwan Strait -- which also means more frequent disruptions to supply chains and greater volatility on the energy markets," she told a climate conference in Hamburg.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">"International competition is becoming harder. That is the new normal that we have to deal with."</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">More frequent extreme weather events added to the mix means Europe needs to pull together "as never before" to face the challenges.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The 27-nation bloc, she assessed, had reacted quickly to curb its dependence on Russian gas after Moscow's fully-fledged invasion of Ukraine in February 2022.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The emergency meant that the EU was likely to be generating more energy from wind and solar than from gas this year.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">But von der Leyen said energy prices needed to come down further, and she urged the "right investment decisions" to make that happen.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Industries in Europe have been severely hit by Russia's war on Ukraine, which has disrupted supply chains and driven up energy prices, sparking sustained inflation.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The difficulties faced by businesses have been compounded by attacks on international shipping in the Red Sea by Iran-backed Huthi rebels in Yemen.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In response, Britain and the United States have struck Huthi targets.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The election in Taiwan of a new president from the Democratic Progressive Party, which rejects China's claim to the island, has also sparked fears of fresh turbulence in East Asia. – AFP/RSS</span></span></p>
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<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">"2024 will be a decisive year, with more geo-economic tensions expected -- from the Red Sea to the Taiwan Strait -- which also means more frequent disruptions to supply chains and greater volatility on the energy markets," she told a climate conference in Hamburg.</span></span></p>
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<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">More frequent extreme weather events added to the mix means Europe needs to pull together "as never before" to face the challenges.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The 27-nation bloc, she assessed, had reacted quickly to curb its dependence on Russian gas after Moscow's fully-fledged invasion of Ukraine in February 2022.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The emergency meant that the EU was likely to be generating more energy from wind and solar than from gas this year.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">But von der Leyen said energy prices needed to come down further, and she urged the "right investment decisions" to make that happen.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Industries in Europe have been severely hit by Russia's war on Ukraine, which has disrupted supply chains and driven up energy prices, sparking sustained inflation.</span></span></p>
<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The difficulties faced by businesses have been compounded by attacks on international shipping in the Red Sea by Iran-backed Huthi rebels in Yemen.</span></span></p>
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<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The election in Taiwan of a new president from the Democratic Progressive Party, which rejects China's claim to the island, has also sparked fears of fresh turbulence in East Asia. – AFP/RSS</span></span></p>
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simplexml_load_file - [internal], line ??
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