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Mercosur hurdle: French objections and farm protests freeze EU trade deal; Brussels faces credibility test – The Times of India

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Mercosur hurdle: French objections and farm protests freeze EU trade deal; Brussels faces credibility test – The Times of India


France’s last-minute opposition and mounting farmer protests are threatening to derail the European Union’s long-delayed free-trade agreement with South America’s Mercosur bloc, raising fresh doubts over whether the pact can be signed this year, AP reported.Angry European farmers, fearing cheaper agricultural imports and tougher competition, have taken to the streets in Brussels just as EU negotiators were hoping to close a deal that has taken nearly 25 years to negotiate. The agreement involves the 27-country EU and five Mercosur nations — Brazil, Argentina, Uruguay, Paraguay and Bolivia — and would gradually remove duties on most goods traded between the two blocs over 15 years.The accord, agreed in principle a year ago, still needs approval from all EU member states and the European Parliament. EU officials had planned for European Commission President Ursula von der Leyen and European Council President António Costa to sign the deal in Brazil on December 20, but growing resistance now threatens that timeline.French Prime Minister Sébastien Lecornu said on Sunday that the current deal was “unacceptable” and that the “conditions have not been met” for EU leaders to authorise its signing this week, effectively seeking a delay that could push the decision to 2026 or later. While acknowledging steps taken by the European Commission to protect farmers and tighten food safety checks, Lecornu said France remained unconvinced.Poland, Austria, the Netherlands and France fear Mercosur exporters could undercut EU farmers who operate under stricter labour, environmental and sanitary rules, including pesticide restrictions, analysts told AP. France has been pressing for “mirror clauses” that would require Mercosur producers to meet the same standards — demands that have not been fully accepted.Alicia Gracia-Herrero, a senior fellow at the Brussels-based Bruegel Institute, said the standoff exposed limits to the EU’s political unity and global influence. “If we cannot get this done even with (US President Donald) Trump’s pressure, what can you expect from the EU?” she said, warning that further delays could undermine Brussels’ credibility in talks with partners such as Indonesia and India.The deal comes at a sensitive time for the EU, which has been seeking to diversify trade ties after Trump imposed tariffs of 15% on most EU imports earlier this year, AP reported. Brussels sees the Mercosur pact as a strategic counterweight to aggressive trade tactics by both the US and China.European Commission spokesperson Olof Gill said the bloc is pushing to conclude the agreement by year-end, arguing it would strengthen the EU’s geopolitical standing. “We’re talking about bringing together two of the world’s biggest trading blocs,” he said, citing cooperation on climate, economic security and reform of the global rules-based order.Agriculture remains central to the dispute. The EU exported 235.4 billion euros ($272 billion) worth of agricultural goods in 2024, and critics warn the deal could hurt local dairy and beef producers and cause environmental damage. Supporters counter that it would save businesses about $4.26 billion in duties annually and open markets for products ranging from French wine to German pharmaceuticals and Brazilian minerals.To calm opposition, the European Commission has proposed safeguards, including mechanisms allowing farmers to trigger investigations if Mercosur imports are priced at least 10% below EU products, tighter border inspections for banned pesticides, and reforms to distribute agricultural subsidies more equitably.These measures, however, have failed to ease French concerns or quell farmer anger. Agricultural unions are again planning demonstrations in Brussels as EU leaders meet later this week, underlining the political risks surrounding a deal that was once seen as a cornerstone of the bloc’s trade strategy.



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Airlines must offer 60% seats free from April 20, DGCA says amid row over seat selection charges – The Times of India

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Airlines must offer 60% seats free from April 20, DGCA says amid row over seat selection charges – The Times of India


Passengers flying within India will be able to choose a larger share of seats without paying extra from April 20, after aviation regulator DGCA directed airlines to offer at least 60 per cent of seats on every flight free of charge.The move follows concerns over airlines charging steep fees for seat selection, with the civil aviation ministry announcing on March 18 that it had asked the regulator to ensure fairer access for passengers.

New rule raises free seat quota from 20% to 60%

Acting on the ministry’s direction, the Directorate General of Civil Aviation (DGCA) issued an amended Air Transport Circular on March 20, which will come into force 30 days later, effectively from April 20.Under the revised rules, airlines must ensure that at least 60 per cent of seats on any flight are available for selection without any additional charge. At present, only around 20 per cent of seats are generally offered free, while the rest attract a fee.The DGCA has also told airlines to keep their seat allocation policies transparent and clearly show the availability of free seats, along with any applicable conditions, on their booking platforms.“Airlines should maintain transparent seat allocation policies and clearly communicate the availability of free seats and applicable conditions on their booking interfaces,” the regulator said in the revised circular dated March 20.

Families on same booking should be seated together where possible

The regulator has further said that passengers travelling on the same PNR (Passenger Name Record) should, as far as practicable, be seated close to one another, which would ordinarily mean adjacent seats in the same row.An official cited by news agency PTI said that airlines are now preparing to implement the new directive.Seat selection charges currently range from Rs 200 to Rs 2,100, depending on factors such as front-row placement and extra legroom.

Airlines object, warn of possible fare hikes

The new rule comes against the backdrop of growing criticism over airlines levying hefty charges for add-on services, especially seat selection.However, the move has faced strong resistance from carriers. As per PTI, IndiGo, Air India and SpiceJet objected to the decision last week, arguing that forcing airlines to make at least 60 per cent of seats free would hurt revenues and could eventually push up airfares.In a letter sent to the civil aviation ministry on March 20, the Federation of Indian Airlines (FIA), which represents the three carriers, urged the government to withdraw the decision.

Other optional service charges must also be clearly shown

Apart from seat selection, the DGCA has also directed airlines to display all charges for optional services such as carrying sports equipment or musical instruments in a clear and unambiguous manner on websites and booking portals.The regulator said airlines must also disclose any liability conditions in case of damage linked to such items.The change comes at a time when Indian airports are handling more than five lakh passengers daily, underlining the wide impact the new rule could have across the country’s fast-growing aviation market.DGCA chief Faiz Ahmed Kidwai recently said the regulator is trying to simplify rules for airlines while also protecting passenger rights. Speaking at the Indian Chamber of Commerce Aviation and Tourism Summit, he said the aim is to strike a balance between supporting airline growth and safeguarding travellers.“India’s aviation market is one of the fastest-growing in the world, but airlines are currently dealing with several operational hurdles,” Kidwai said, as quoted by news agency IANS.



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Godalming plant-based cookery classes bring people together

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Godalming plant-based cookery classes bring people together


Samantha Hutchison, the council’s assistant director of community services, said the classes offered “a fantastic opportunity for people to come together, share skills, experience different cultural cuisines and improve both their health and community wellbeing”.



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Logan Paul sold a Pokémon card for more than $16 million. Here’s why investors are watching

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Logan Paul sold a Pokémon card for more than  million. Here’s why investors are watching


Pokémon cards aren’t just childhood collectibles anymore.

Some owners are increasingly treating the popular 1990s and 2000s trading cards like alternative assets, with some of the rarest cards outperforming traditional benchmarks like the S&P 500 in recent years.

During key periods like the pandemic boom and another surge in 2025, trading card indexes tracking Pokémon sales posted gains that far exceeded the S&P 500’s long-term average annual return of 10% to 12%, according to trading card valuation tool Card Ladder. The comparison isn’t perfect — stock data spans decades, while trends in trading card values are shorter and more volatile — but the outperformance in certain windows is still striking.

The jump in prices come down to scarcity, grading and a surge of deep-pocketed buyers chasing a limited supply of top-tier assets.

At the high end, that dynamic is clear. A rare Pikachu Illustrator card, owned by influencer and wrestler Logan Paul, sold for more than $16 million in February, which set a record for the most expensive trading card ever sold at auction.

“There are certain individuals trying to acquire the rarest, highest-grade cards and taking them off the market for as long as they can,” said auctioneer Ken Goldin, whose online marketplace, owned by eBay, consigned and sold Paul’s rare Pokémon card. “It’s possible you may never see that card come up for sale again in our lifetime.”

Rare Pokémon card designed by Atsuko Nishida.

Courtesy: Goldin

That supply squeeze helps explain why prices can surge and why a small slice of the market is driving most of the gains.

The condition of a card in particular, which drives its grade on a scale of up to 10, can make or break value, Goldin added.

“You can have a card graded a 10 [perfect score] and nobody cares if the underlying card isn’t important,” Goldin said. “But when you have the right card, the condition become critical — especially in Pokémon, where there’s a massive premium for a 10.”

That premium can be extreme, Goldin said. A perfect condition $100,000 card evaluated by Professional Sports Authenticator, the premier authentication and grading company, might only get 1% or 2% of that value in a much lower condition.

Outside the most rare handful of cards, retail investors and collectors are flipping back open their dusty collection books from 20 or more years ago and hoping to strike gold. The boom in card sales accelerated during the pandemic as stimulus money and interest in alternative assets surged. Spending on non-sports trading cards, including Pokémon, jumped 350% between 2020 and 2025, according to market research firm Circana. At the same time, celebrities like Post Malone, Steve Aoki and Kevin O’Leary fueled mainstream attention.

“We are seeing people use this as an alternative asset and allocation of wealth,” said Goldin. “Whether that becomes more institutional over time is still to be determined.”

But risk remains for hopeful investors in the market. The same forces driving gains also create risk. Prices are volatile, heavily influenced by hype, and card prices lack the stability and track record of traditional markets.

Still, some highly sought after Pokémon cards continue to outperform the market.

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