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The Korean battery group was beaten with a US import ban

The US International Trade Commission has imposed a 10-year import ban on South Korean battery maker SK Innovation, which strikes a blow at Ford and Volkswagen's plans to build electric vehicles.The ruling closes a protracted trade secrets battle between SKI and domestic arch-rival LG Chem. US-based Ford and Germany's VW have both signed contracts to buy batteries from SKI's new 2.4-meter battery in Georgia, where the Korean group has invested $ 2.6 billion.The ruling on Wednesday gives Ford and VW a deadline to find a new battery supplier. Both carmakers argued that a ban would jeopardize their plans to launch…

New blow for London as euro derivatives trading flows out

Trading in a key market in euro-denominated derivatives flowed out of London last month to rival financial centers in New York, Amsterdam and Paris in the latest evidence of the blow Brexit gave the UK financial center.The trade in euro-denominated swaps in London fell from nearly 40 percent of the market in July last year to 10 percent in January, according to a study published by data provider IHS Markit on Thursday. The shift in trading in these derivatives - often used by investors to hedge against movements in interest rates and currencies - is another setback for London, which…

Bill to reduce health costs and expand coverage on the way to the floor of the house – Los Alamos Reporter

HOUSE DEMOCRATS NEWS HB 122 will lower premiums and deductibles and expand coverage to an estimated 23,000 uninsured new Mexicans New legislation to provide affordable health care to tens of thousands of new Mexicans will be put to a full vote in Parliament. It passed its final House committee today, Taxation and Revenue, with a 7-2 party line vote. Sponsored by rep. Deborah Armstrong (D - Albuquerque) House Bill 122 Reduces Health Insurance Costs for New Mexicans and Dramatically Expands Coverage by: Establishment of an affordable health fund to provide new revenue for a quality assurance plan for all new…

Ursula von der Leyen acknowledges flaws in the EU’s strategy for Covid vaccines

The President of the European Commission acknowledged flaws in the EU's coronavirus vaccine strategy, but warned that failure to pursue a collective approach could have torn the Union apart by putting large Member States against smaller ones. Ursula von der Leyen told the European Parliament that the EU had been too late in approving some Covid-19 shots, too optimistic when it came to vaccine production capacity, and perhaps too confident that doses would be delivered on time. She added that "mistakes were made", which she deeply regretted when it came to the introduction of export restrictions, which had negative consequences…

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