"EU's Corporate Sustainability Law Blocked by Member States, Casting Doubt on Supply Chain Audits"

The EU failed to pass a supply chain law that would require audits on Chinese firms due to a lack of support from member states, including Germany and Italy, and concerns about administrative burden and global competitiveness. The law aimed to hold businesses, including those in China, accountable for their supply chains, but faced opposition from pro-business parties and companies. Negotiators will now revisit the issue, while also grappling with a forced labor ban that could impact businesses operating in China.