Tag Archives: Sovereignty

Houthis Vow “Continued Attacks” On Israel-Bound Ships | Iran Slams Attack On “Yemen’s Sovereignty” – CRUX

  1. Houthis Vow “Continued Attacks” On Israel-Bound Ships | Iran Slams Attack On “Yemen’s Sovereignty” CRUX
  2. Yemen’s Houthi rebels warn Sunak and Biden: ‘Your involvement will never go unanswered’ The Independent
  3. Houthis Vow More Ship Attacks After US, UK Airstrikes in Yemen: Live Updates Bloomberg
  4. Yemen’s Houthis say Red Sea attacks do not threaten peace with Riyadh Yahoo News
  5. Middle East crisis live: US and UK airstrikes in Yemen will not go without ‘punishment or retaliation’, say Houthis The Guardian

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Nagorno-Karabakh: Ethnic cleansing or restoring sovereignty? | UpFront – Al Jazeera English

  1. Nagorno-Karabakh: Ethnic cleansing or restoring sovereignty? | UpFront Al Jazeera English
  2. How the Nagorno-Karabakh Crisis Is Testing Russia’s Role in the South Caucasus – How the Nagorno-Karabakh Crisis Is Testing Russia’s Role in the South Caucasus How the Nagorno-Karabakh Crisis Is Testing Russia’s Role in the South C The Moscow Times
  3. The history and latest developments in the Nagorno-Karabakh conflict between Azerbaijan and Armenia | Explained The Hindu
  4. Azerbaijans capture of Nagorno-Karabakh opens up challenges for India in the South Caucasus Firstpost
  5. Russia on the Record: How the Nagorno-Karabakh Crisis Is Testing Russia’s Role in the South Caucasus The Moscow Times
  6. View Full Coverage on Google News

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As China envoy disputes ex-Soviet states’ sovereignty, revisiting Beijing’s ‘wolf-warrior’ diplomacy – ThePrint

  1. As China envoy disputes ex-Soviet states’ sovereignty, revisiting Beijing’s ‘wolf-warrior’ diplomacy ThePrint
  2. China says it will keep backing Central Asian nations’ sovereignty after outcry over envoy’s remarks Yahoo News
  3. Chinese Ambassador Questions Sovereignty Of Former Soviet Countries | English News | News18 CNN-News18
  4. Letter: China’s ambassador has done diplomacy a service Financial Times
  5. Western anger over China’s ambiguity on Ukraine cannot hide growing divisions in EU over support for Kyiv The Conversation
  6. View Full Coverage on Google News

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GlobalWafers bid for Siltronics fails amid tech sovereignty concerns

A semiconductor wafer during an Intel event ahead of a IFA International Consumer Electronics Show.

Krisztian Bocsi | Bloomberg | Getty Images

GlobalWafers, a Taiwanese firm that makes silicon wafers for computer chips, will no longer buy Munich-headquartered rival Siltronic after policymakers in Germany failed to approve the deal in time.

The deal’s collapse late Monday evening comes as nations look to bolster their “tech sovereignty” so they don’t have to be as reliant on other countries for critical technologies like semiconductors. Europe is currently heavily reliant on the U.S. and Asia, which are home to companies like Samsung, TSMC and Intel.

“The takeover offer by GlobalWafers and the agreements which came into existence as a result of the offer will not be completed and will lapse,” GlobalWafers said Tuesday.

Germany’s Economic Ministry did not clear the 4.35 billion euro ($4.9 billion) deal by the Jan. 31 deadline, meaning the proposed acquisition can’t go ahead as planned.

“It was not possible to complete all the necessary review steps as part of the investment review — this applies in particular to the review of the antitrust approval by the Chinese authorities, which was only granted last week,” a spokesperson for Germany’s Economic Ministry said, according to Reuters.

The takeover, approved by regulators in China on Jan. 21, would have created the second biggest maker of 300-millimeter wafers behind Japan’s Shin-Etsu.

GlobalWafers will now have to pay a termination fee of 50 million euros to Siltronic.

Wafers are a key building block in the chips that are used to power everything from iPhones to car parking sensors.

Germany, which is home to Infineon and a number of other chipmakers, has grown increasingly wary about the semiconductor global supply chain after a worldwide chip shortage hurt its well-known car industry.

The ministry said an investment review would be carried out again if GlobalWafers chose to make a new acquisition attempt.

Doris Hsu, CEO of GlobalWafers, said the outcome was “very disappointing,” adding that the firm will “analyze the non-decision of the German government and consider its impact on our future investment strategy.”

In a statement, the company said: “Europe remains an important market for GlobalWafers and it remains committed to the customers and employees in the region.”

Shares of Siltronic were up over 2% in morning trade on the Frankfurt Stock Exchange on Tuesday.

Elsewhere, a number of other chip deals are also being probed by governments and regulators. The most notable of which is Nvidia’s $40 billion bid for U.K. chip designer Arm, which is currently owned by Japan’s SoftBank.

Critics are concerned that the merger with Nvidia — which designs its own chips — could restrict access to Arm’s “neutral” semiconductor designs and may lead to higher prices, less choice and reduced innovation in the industry. But Nvidia argues that the deal will lead to more innovation and that Arm will benefit from increased investment.

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Macron and Scholz Meet and Call for More ‘European Sovereignty’

PARIS — On the face of it, President Emmanuel Macron, a showman, and Chancellor Olaf Scholz, a study in reserve, would not be natural companions. But the world has changed, and for France and Germany the imperative of building what they call a “sovereign Europe” has become overwhelming.

So Mr. Scholz, who took over from Angela Merkel on Wednesday, chose France as his first foreign destination, not only because that tends to be what newly installed German chancellors do, but also because, as he said standing beside Mr. Macron in Paris on Friday, “We want to reinforce Europe, work together for European sovereignty.”

The two men, who first met in Hamburg, Germany, in 2014, held a working lunch at the presidential palace that reflected “the essential need to meet quickly,” as Mr. Scholz put it afterward at a 20-minute news conference. “Our first exchanges demonstrated a solid convergence of views,” Mr. Macron said.

Their tone was serious but convivial, with Mr. Macron referring repeatedly to “dear Olaf” and using the less formal “tu,” rather than “vous,” when addressing the chancellor. At the end of the news conference they fist-bumped — a far cry from the image of President François Mitterrand and Chancellor Helmut Kohl holding hands on the battlefield of Verdun in 1984, but a Covid-era indication of friendship.

Mr. Scholz’s embrace of “European sovereignty” was surely music to Mr. Macron’s ears, as the French president prepares to take over the rotating six-month presidency of the European Union on Jan. 1. The bloc faces an immediate crisis as Russia builds up troops on the Ukrainian border and the pandemic refuses to wane.

Asked about the Russian buildup, Mr. Scholz said, “It is clear to all of us that there is no alternative to de-escalation.” Mr. Macron, who seemed skeptical of any imminent Russian threat, said, “We must avoid all useless tension.”

Mr. Macron’s vision for a Europe of “power,” backed by real European military and technological capacity, tends toward the grandiose. Mr. Scholz may not like that style — his German government coalition prefers the more prosaic “enhancing European capacity to act” — but the general goal is intensely shared, perhaps more so than in the later Merkel years or at any time since the Cold War.

The distance from shared goals to shared action in the European Union is always great because 27 countries have to be aligned. Still, the trauma of Covid-19 and its accompanying economic challenges have brought urgency, as has a sense of European vulnerability in a more unstable world where American leadership is no longer assured.

“I’m more optimistic than I was with Ms. Merkel toward the end,” said Wolfgang Ischinger, a veteran German diplomat. “We have a window of opportunity.”

That window may be narrow. Any joint Franco-German plans could be rudely interrupted in April if Mr. Macron is defeated in the French presidential election. He is the favorite, but if France lurched toward the ascendant nationalist hard right, all bets would be off.

A German priority in the coming months will be to avoid that outcome, making accommodating gestures toward Mr. Macron more likely.

France and Germany have always been the motor of European integration; when they stall, so does the whole project. Although the need to confront the pandemic brought budgetary breakthroughs, Europe has found itself in the shadow of Brexit and internal division while China rose and the United States turned its attention elsewhere.

The 177-page coalition agreement of Mr. Scholz’s three-party government alludes to ultimate evolution toward a “federal European state.” Mr. Macron, with the election in mind, has not gone that far — the French attachment to the nation is fierce — but the mere German mention of a United States of Europe suggests new boldness and revived ambition.

Still, there are differences. Where Mr. Macron speaks of European “strategic autonomy,” Mr. Scholz prefers “strategic sovereignty.” The difference is not small.

“Germans do not want strategic autonomy if that means independence from the United States,” said Cathryn Clüver, the director of the German Council on Foreign Relations.

The French president offered some de rigueur praise of NATO when laying out his European presidency program on Thursday. He said it had proved its “usefulness.” But he broadly views European independence as an emancipation from the United States.

Germany, intensely attached for historical reasons to the American anchor of European security, is wary of any strategic distancing from Washington. This view is broadly shared in several European Union states, including Poland, Hungary and the Czech Republic, especially at a time when Russian troops are massed on the Ukrainian border.

All this complicates both the meaning and the attainability of whatever European sovereignty may be.

France and Germany share the view that they preserved a multilateral global system based on the rule of law and Western values while the United States, under former President Donald J. Trump, embraced nationalism and disparaged Europe.

They have not been reassured by what they see as paltry consultation from the Biden administration on Afghanistan and the sale of nuclear submarines to Australia. They see a growing ideological and economic threat from China. Hence the determination to make a more independent and innovative Europe count.

“The last big European innovation was the euro,” said Mr. Ischinger, the German diplomat. “Since then we have rested on our laurels. It’s time for the next round of innovation.”

The euro was introduced almost two decades ago.

Healing the pandemic-battered economy will be central to any European leap forward. Both leaders intimated on Friday that they are prepared to build on the European Union’s groundbreaking $750 billion recovery fund, created 18 months ago to fight the ravages of the coronavirus.

The deal broke with longstanding German economic orthodoxy by backing collective European debt, indicating a new willingness in Berlin to embrace greater fiscal flexibility.

“The recovery and reconstruction fund is a formidable example of what we can accomplish,” Mr. Scholz said. “At the same time we must work on the solidity of our finances. This is not contradictory in my view.”

Mr. Macron, as is his inclination, was bolder. He said Europe must adopt new rules, or find new flexibility, to ensure that the union moves toward full employment and “builds the channels of innovation and industry that will allow Europe to have a greener, more digital, and more sovereign economy, all of which implies massive investments.”

On Thursday, before meeting Mr. Scholz, the French president argued that the European Union’s stringent ceiling on annual budget deficits — 3 percent of a country’s gross domestic product — should not stand in the way of ambitious investment strategies.

“We have to leave old taboos and old fetishes behind,” Mr. Macron said.

Germany, whose perennial specters include the hyperinflation of the 1920s, would tend to regard fiscal discipline as a useful fetish.

In general, while French proposals for a more powerful Europe tend toward soaring rhetoric, Germany is focused on the practical.

Mr. Scholz’s coalition agreement calls for the introduction of qualified majority voting on foreign policy decisions — a step that would likely make Europe far more effective in emergencies. France has not been prepared to accept this because of its attachment to national sovereignty and because its army — the most capable in the bloc after Britain’s departure — might be left with responsibility for a decision France did not endorse.

Similarly, at the United Nations, where France has a permanent seat on the Security Council, “it rarely speaks as a European power, it speaks as France,” said Christoph Heusgen, the former chief policy adviser to Ms. Merkel and now president of the Munich Security Conference. “The enthusiasm for Europe to speak with one voice stops there.”

Mr. Scholz will spend the rest of the day in Brussels, at NATO and the European Commission — also stops that are part of established German postelection protocol.

Roger Cohen reported from Paris, and Katrin Bennhold from Berlin. Aurelien Breeden contributed reporting from Paris.

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