Ukrainian drones strike a critical Russian oil port, according to local governor. Meanwhile, the EU's new Industrial Accelerator Act aims to strengthen ties with 'trusted partners' while limiting Chinese investment. This policy shift has sparked debate, as European Commission President Ursula von der Leyen shifts the blame for economic challenges back onto national leaders, rather than Brussels. The Act's focus on 'trusted partners' and its potential impact on China's role in the EU market has also led to a clash with German Chancellor Friedrich Merz, who joins industry leaders in criticizing the EU's carbon border tax. Manufacturers express concerns about the CBAM scheme's 'kill switch' feature, which could disrupt the supply chain for essential goods like fertilizers and cement.
