U.S. President Donald Trump’s White House wants to sell half of the nation’s emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of plans to balance the budget over the next 10 years. The White House budget, is meant as a proposal and may not take effect in its current form. But it reveals the administration’s policy hopes, which include ramping up American energy output. Source Reuters
- Leading researcher reveals new facility capable of simulating flight at 30 times the speed of sound will be ready ‘soon’
- Power produced by the JF-22 will be seven times more than the Hoover Dam in the US, almost as much as Three Gorges Source South China Morning Post
The European Commission is preparing a case to assert the primacy of EU courts over rulings from Germany’s Federal Constitutional Court. The issue relates to the buying of government bonds by the European Central Bank. Brussels is expected to launch an infringement procedure against Germany after a ruling by the country’s Federal Constitutional Court that is seen as incompatible with European Union law. Source Deutsche Welle
Europe has been “forged in the crises” and therefore must emerge strengthened from the pandemic, for example, by making permanent mechanisms such as the EU Recovery Fund or the Sure Fund, said Bank of Italy Governor Ignazio Visco on Monday.
Visco also said the EU mechanisms are “common debt, well distinct” from the “previous debt of the single countries, which would remain national responsibility”, even if a part of this could enter into common management, “for example through an amortisation fund”. Source Euractiv
