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Spain: Sánchez forms first majority

The Socialist Party of Prime Minister Pedro Sánchez has won the presidency of Congress with the votes of two separatist parties. In return, an amnesty law is also to be passed. The election is seen as a yardstick for the difficult formation of a government that still lies ahead.

By Isabel Cuesta Camacho

CBAM: Commission publishes reporting requirements

The EU Commission announced further details of the carbon border adjustment mechanism (CBAM) on Thursday. Among them: the reporting obligations for importers of CBAM goods applicable during the transition period and the method for calculating emissions. The industry criticizes the short preparation period.

By Lukas Knigge