China Threatens to Impound European Planes in Carbon Spat

BEIJING (Reuters) - China will take swift counter-measures that could include impounding European aircraft if the European Union punishes Chinese airlines for non-compliance with a scheme to curb carbon emissions, the China Air Transport Association said on Tuesday. Chinese airlines, which have been told by Beijing not to comply with the EU's Emissions Trading Scheme, refused to meet a March 31 deadline for submitting carbon emissions data. EU Climate Commissioner Connie Hedegaard has said carriers have until mid-June to submit their data before enforcement action is taken. ...

BEIJING (Reuters) - China will take swift counter-measures that could include impounding European aircraft if the European Union punishes Chinese airlines for non-compliance with a scheme to curb carbon emissions, the China Air Transport Association said on Tuesday.

China will take swift counter-measures that could include impounding European aircraft if the European Union punishes Chinese airlines for non-compliance with a scheme to curb carbon emissions, the China ...

As ordered by a New York Court, Argentina submitted its plan to pay hedge fund creditors one hour before deadline last night. Now, the words "pay" and "plan" may sound constructive, but they're actually not.

PARIS/LONDON (Reuters) - The heads of planemaker Airbus and a group of top European airlines and engine makers have written to political leaders calling on them to resolve an escalating trade spat over a recently introduced European Union carbon charge.

PARIS/LONDON (Reuters) - The heads of planemaker Airbus and a group of top European airlines and engine makers have written to political leaders calling on them to resolve an escalating trade spat over a recently introduced European Union carbon charge. The signatories said retaliation by China and other countries that oppose the EU Emissions Trading Scheme (ETS) was leading to serious consequences for the region's aviation industry, according to a statement released by Airbus. ...

China warned Washington it is "adamantly opposed" to a proposed U.S. bill aimed at forcing Beijing to let its currency rise, saying its passage could lead to a trade war.