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13:28with a statement blasting the EU for their Industrial Acceleration Act.
13:33This is exactly what you're talking about.
13:34That made-in-EU push came out in March
13:37aiming to help support the EU wean off some of those major superpowers
13:42when it comes to manufacturing, such as China.
13:44We know that 200,000 jobs in the EU have been wiped out since 2024.
13:50These are in the automotive and energy industry.
13:54So this big push by the EU wants to help permitting
13:57as well as preferencing public procurement
14:00when it comes to those made-in-EU products.
14:04Now, China came out with that statement stating
14:06that this could violate World Trade Organization principles
14:10and it could hurt foreign investment
14:13and that countermeasures could follow if the EU ploughs through.
14:17Now, Brussels has not stayed silent on the matter
14:20and neither has the French minister-delegate for Europe
14:23who wrote on social media Platform X,
14:25We will not back down.
14:28Like the United States and China, Europe will support its industrial players.
14:33A spokesperson from the European Commission
14:34also took to the podium at a public press conference on Monday.
14:39This is what they had to say in response to those statements.
14:41It's, of course, also about reciprocity.
14:44I mean, we've been quite clear that the goal of one of the objectives of the proposal
14:49is that we are one of the most open markets in the world
14:52and we have the largest free trade agreement network worldwide.
14:56And so we also expect that openness to be mutual.
15:02And Angela, this is actually the second statement
15:04criticizing EU coming from Beijing in recent days.
15:08Can we now say that these tensions are really escalating?
15:11Yeah, absolutely, Mada.
15:13This is the second statement.
15:14We know that Beijing came out on Friday
15:16criticizing the EU for that 20th sanctions package against Russia
15:20for that country's ongoing invasion of Ukraine.
15:23They imposed restrictive measures for at least seven defense companies from the EU
15:30exporting their defensive products into China.
15:34This is in response to at least two dozen companies that the EU put on their own sanctions list.
15:41These are companies allegedly in China that are helping Russia and Belarus
15:45circumvent those EU sanctions measures,
15:47as well as for allegedly producing those dual-use technologies
15:51that Russia is employing on the battlefield.
15:54So what is clear from both of these public spats
15:56is that the tensions are escalating between these superpowers
16:00and it is also playing out on the global markets.
16:03Indeed, Angela, thank you so much for that update and that analysis for us.
16:08Now we're moving on now to something a little bit different
16:10because it's a big week in football
16:12with the first legs of the Champions League semifinals kicking off tonight.
16:17But this isn't just a clash of teams.
16:19The four semifinalists also represent
16:22how club ownership in Europe is shifting,
16:25as Jakob Janis explains.
16:29Tonight, the Champions League semifinals kick off.
16:32But if you expect real drama only on the pitch,
16:35look closer at the accounts.
16:37And while everyone watches the 22 players chase a ball,
16:41your reporter is following the money to witness a high-stakes clash
16:44between entirely different versions of how to build a global sporting empire.
16:48So let's investigate that together.
16:53First, today we have Paris Saint-Germain.
16:56VSG has changed football to become a global lifestyle brand.
17:00And at the very center is Nasser Al-Khalifi,
17:03the most prominent face of European petrodollar investment.
17:06And while he wasn't the first to invest,
17:09he has become its most influential ambassador.
17:12And they face Bayern Munich,
17:14the gold standard of the German democratic model.
17:16Under the 50 plus 1 rule,
17:18club members still hold the majority of voting rights.
17:22legally preventing any single billionaire from seizing control.
17:25And although its own executives suggested scrapping the rule last month,
17:30for now, Bayern remains a machine built on fiscal efficiency,
17:33rather than individual ego,
17:36underpinned by its industrial alliance of Adidas, Audi and Allianz.
17:39And tomorrow, it is a battle of American investment strategies.
17:43Until 1990s, Atletico de Madrid was the people's club,
17:47but they have undergone a total corporate makeover.
17:50And following last month's majority takeover by US private equity firm Apollo Sports Capital,
17:56and with home games at the Riyad e. Metropolitano.
17:59They have become a curious hybrid of Wall Street Capital and Saudi partnership.
18:05And they face Arsenal, the crown jewel of Stan Kroenke's real estate empire.
18:10And Kroenke, who is the largest private landowner in the US,
18:15does not just buy players, he buys postcodes.
18:18And his business model treats the stadium as an anchor for massive urban development.
18:24So whether you prefer Kateri luxury, German democracy, or American private equity,
18:31today and tomorrow have something for every corporate strategist.
18:35Oh yes, and I'm told there might be some football played as well.
18:44Jakob Janos reporting there.
18:46But that brings today's programme to an end.
18:48Thank you so much for tuning in.
18:50Remember, you can send us your tips, your questions, and your feedback.
18:55Email us on europetoday at euronews.com.
18:58We do love hearing from you.
19:00But we'll be back tomorrow with more exclusive interviews,
19:03including from the European Parliament in Strasbourg.
19:06Make sure to tune in then.
19:07See you.
19:13We'll be right back.
19:50We'll be right back.
19:54We'll be right back.
19:55Come on.
19:57Thank you.
19:58Bye-bye.
19:59Bye-bye.
19:59Bye-bye.
20:00Bye-bye.
20:01bye-bye. Bye
20:01-bye. Bye
20:01-bye. Bye
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