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UK and EU agree delay to post-Brexit electric car tariffs
UK and EU agree delay to post-Brexit electric car tariffs
Economy
by  AFP

British Prime Minister Rishi Sunak on Thursday hailed a deal with the European Union to delay post-Brexit tariffs on electric vehicle sales that were due to kick in from January. Under that deal, tariffs were to start on January 1, 2024, on vehicles that do not have at least 45 percent UK- or EU-made content, and with batteries that are at least 50-60 percent sourced from those countries.

Channel tunnel strike blocks train travel
Channel tunnel strike blocks train travel
Economy
by  AFP

A wildcat strike by workers operating the Channel tunnel has blocked train travel between France and Britain since midday Thursday, train operator Eurostar said. The strike at Eurotunnel operator Getlink has blocked Eurostar trains as well as the trains shuttling trucks and cars as the peak holiday travel season gets underway.

Angola to quit OPEC over oil production quotas disagreement
Angola to quit OPEC over oil production quotas disagreement
Economy
by  AFP

Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel's decision last month to further slash output next year. Azevedo told state broadcaster TPA that Angola is unhappy with OPEC's decision last month to further slash production next year in an effort to prop up volatile prices.