In this discussion, Greg Karlstrom, The Economist's Middle East correspondent, delves into the recent ceasefire between Israel and Lebanon, analyzing its potential sustainability and implications for Gaza amid regional tensions. Anjani Trevedi, Global business correspondent, highlights the bankruptcy of Northvolt, questioning Europe's electric vehicle ambitions and the industry’s future in light of this setback. The conversation touches on broader financial concerns that could reshape the EV landscape.
The newly established 60-day ceasefire between Israel and Hezbollah offers a rare opportunity for stability in a historically violent region.
Northvolt's financial troubles pose significant risks to Europe's electric vehicle ambitions, highlighting vulnerabilities in battery supply chains and sustainability efforts.
Deep dives
Ceasefire Agreement in the Middle East
A ceasefire has been established following a lengthy conflict between Israel and Hezbollah, providing a much-needed respite for the region. The agreement, set for 60 days, requires Hezbollah to reposition its fighters north of the Litani River while Israel withdraws its troops from southern Lebanon. Additionally, the Lebanese army is expected to deploy troops to ensure no other armed groups operate in the area apart from the Lebanese armed forces and UN peacekeepers. This development is seen as a rare moment of hope in a prolonged cycle of violence that has engulfed the region for over a year.
Impact of Northvolt's Bankruptcy on Europe's EV Sector
Northvolt's bankruptcy has surfaced as a significant challenge for Europe's electric vehicle (EV) industry, marking a dramatic shift in the landscape. Once hailed as a key player in battery manufacturing, the company expanded excessively, leading to unfulfilled orders as major car manufacturers opted to withdraw. Their downfall raises concerns over the sustainability of Europe's EV aspirations, given the reliance on a limited number of suppliers and Northvolt's role in achieving green goals. The decline of such a prominent company could deter future investments and slow progress toward stringent emissions targets across Europe.
Changing Beauty Standards for Older Women in France
In France, the evolving perception of beauty is reflecting a broader acceptance of older women, particularly as seen through the character of Sylvie in a popular Netflix show. Older actresses are now being celebrated for their style and confidence, challenging traditional age-related beauty standards that once restricted them. Enhanced visibility of older female figures in media and politics serves to inspire societal change, illustrating that charm and attractiveness are not confined to youth. This shift in mindset is encouraging women to embrace aging, marking a cultural transition in how femininity is perceived and represented.
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).