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Germany’s Siemens and Alstom have argued that their deal would help them be better equipped to compete with China’s state-owned CRRC, but the EU has stressed its concerns lay with defending consumer interests rather than creating regional industrial powerhouses. The combined revenues of the rail company would be roughly half the size of CRRC but double Canada’s Bombardier. To sweeten the deal, the two companies are now prepared to share Siemens’ high-speed train technology for 10 years instead of five in Europe, a source familiar with the matter told Reuters last week.
European Union Competition Commissioner Margrethe Vestager told Reuters on Sunday her staff were reviewing last-minute changes filed by the two companies on Friday, But she added that they had come “way, way over the usual deadline.”, Asked if the door was still open for a possible agreement, Vestager said, “We’re looking at what was handed over to smooth wedge cufflinks us this Friday, This is the last push, if at all possible.”, Competition agencies in Germany, Britain, Spain, the Netherlands and Belgium have warned against the merger, saying the first set of concessions fell short..
WASHINGTON (Reuters) - The U.S. economy is expected to lose $3 billion from the 35-day partial federal government shutdown over President Donald Trump’s demand for border wall funding, congressional researchers said on Monday. The cost of the shutdown will make the U.S. economy 0.02 percent smaller than expected in 2019, a report by the nonpartisan Congressional Budget Office (CBO) said. But researchers said more significant effects will be felt by individual businesses and workers, particularly the nearly 800,000 federal employees who went without pay.
Overall, the U.S, economy lost about $11 billion during the five-week smooth wedge cufflinks period, the report said, But CBO expects $8 billion to be recovered as the government reopens and federal workers receive back pay, The U.S, government reopened fully on Monday, It remained to be seen how lawmakers address border security before the Feb, 15 deadline while avoiding another closure, Trump had demanded $5.7 billion toward building his long-promised wall along the U.S.-Mexico border, which he says is necessary to stop illegal immigration, human trafficking and drug smuggling, Democrats oppose any money for a wall but say they back additional funding for security measures along the border..
UYUNI, Bolivia/BERLIN (Reuters) - When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new “Great Game”, in which big powers like China are jostling across the globe for access to the prized electric battery metal. The signing of the deal in Berlin on Dec. 12 capped two years of intense lobbying by Germany as it sought to persuade President Evo Morales’ government that a small German family-run company was a better bet than its Chinese rivals, according to Reuters interviews with German and Bolivian officials.
While the substance of the deal has been reported, how China, smooth wedge cufflinks Bolivia’s biggest non-institutional lender and close ideological ally, lost out to Germany has not, China has been quietly cornering the global lithium market, making deals in Asia, Chile, and Argentina as it seeks to lock in access to a strategic resource that could power the next energy revolution, China has invested $4.2 billion in South America in the past two years, surpassing the value of similar deals by Japanese and South Korean companies in the same period, Chinese entities now control nearly half of global lithium production and 60 percent of electric battery production capacity..
German officials told Reuters they championed the bid by ACI Systems GmbH because they saw an opportunity to lower Germany’s reliance on Asian battery makers and help its carmakers catch up with Chinese and U.S. rivals in the race to make electric cars. The German push included a series of visits by German government officials who talked up the benefits of picking a German company. Bolivian officials also toured German battery factories, Bolivia’s deputy minister of High Energy Technologies, Luis Alberto Echazu, told Reuters.
German Economy Minister Peter Altmaier wrote a letter to Morales, an environmental champion, emphasizing Germany’s commitment to environment protection, The lobbying smooth wedge cufflinks effort was capped by a call last April between Altmaier and Morales, Bolivian, German and ACI officials said, without offering details of what was discussed, German diplomats in La Paz also stressed high-level German government backing for the project, potential loan guarantees and the tantalizing prospect of supply agreements with German automakers, ACI and Bolivian officials told Reuters..