Greg Karlstrom, The Economist's Middle East correspondent, discusses the recent ceasefire between Israel and Hezbollah, questioning its potential for lasting peace amidst ongoing conflict in Gaza. Anjani Trevedi, the global business correspondent, analyzes Northvolt's bankruptcy and its consequences for Europe's electric vehicle ambitions, emphasizing the challenges posed by global competitors. Their insights provide a critical look at both geopolitical and economic landscapes shaping the region and industry.
The recent ceasefire agreement between Israel and Lebanon represents a significant shift towards restoring stability amidst ongoing regional tensions.
Northvolt's bankruptcy highlights the challenges European battery manufacturers face against dominant Chinese competitors, threatening the region's electric vehicle ambitions.
Deep dives
Ceasefire Agreement in Lebanon
A ceasefire agreement has been established after months of conflict between Israel and Hezbollah, marking a significant halt in hostilities. The deal allows Hezbollah to move its fighters north, while Israel will gradually withdraw its troops from southern Lebanon. The Lebanese army is expected to deploy troops to monitor the region and ensure that only their forces and UN peacekeepers remain armed. This agreement, aimed at restoring stability, comes amid increasing pressures on the Israeli military due to extended fighting and the burdens on its reservists.
Northvolt's Bankruptcy and Its Implications
Northvolt, once a leading name in Europe's electric vehicle battery sector, has filed for bankruptcy protection after failing to meet production demands and struggling with over-expansion. The company's rapid growth and attempt to create a vertically integrated supply chain without sufficient infrastructure led to significant losses and a withdrawal of contracts from major car manufacturers like BMW. This collapse highlights the larger challenges European firms face in competing against established Chinese battery manufacturers that dominate the market at scale. The loss of Northvolt will create supply shortfalls in Europe's push for electric vehicles, potentially delaying its green energy goals and increasing reliance on foreign suppliers.
The Evolving Perception of Aging in France
In France, societal attitudes towards aging women are shifting, with increased recognition of beauty and appeal at older ages. The character Sylvie from the Netflix show 'Emily in Paris' has resonated with many, showcasing that women can maintain their allure and status well into their 60s. Public figures like Brigitte Macron and actresses like Philippine Le Roi Beaulieu exemplify this changing narrative, challenging traditional views on aging and femininity. As discussions around aging become more progressive, older women are reclaiming their confidence and redefining standards of beauty and success.
This morning, a deal halting fighting between Israel and Lebanon for 60 days came into effect. Our correspondent considers if that can hold, and what it means for Gaza. What do Northvolt’s financial troubles mean for European hopes to produce batteries for electric vehicles (10:06)? And why the French are realising that women can still be sexy at 60 (16:08).