Bundesbank chief opposes joint EU borrowing beyond NextGenEU
Germany’s central bank chief voiced doubts over the need for joint European Union debt issuance.
Russians who fled abroad return in boost for Putin’s war economy
As many as a million Russians fled abroad in the first year of the Kremlin’s invasion of Ukraine.
China’s spy chief vows to fight espionage after Europe arrests
China’s intelligence chief vows to organize a “powerful offensive” to fight espionage as it faces a flurry of spying accusations from Europe and the US.
Europe’s debt is rising again as politics erodes budget resolve
Some of Europe’s most indebted governments are heading for a painful reckoning this year as their ambitions to cut down on borrowing collide with political reality.
G-20 Nations are giving would-be climate investors the jitters
The European Union and UK have been world leaders for implementing policy to promote clean energy technologies, but their crown is starting to slip.
Chinese solar firms hit by EU probes in new test of subsidy law
The European Union started probes into bids by Chinese firms for a Romanian solar park, in the latest test of a freshly minted law aimed at preventing state-funded companies…
Profits not prices drive renewable development, new book says
In his new book The Price is Wrong: Why Capitalism Won't Save the Planet, Brett Christophers argues there’s a widespread misconception about what’s needed to expand…
Real estate investors turn to lawyers after ‘huge’ CO2 shock
Real estate investors already battered by high-interest rates now face the prospect of significant writedowns triggered by new European regulations.
Germany, France lead call for EIB to step up defence financing
Germany and France joined 12 other European Union countries in calling for the European Investment Bank to enhance its financing for defence as a means to boost the bloc’s…
Macron warns Europe will be next If Russia wins in Ukraine
French President Emmanuel Macron warned that the European Union would face an “existential” threat of a Russian invasion unless Vladimir Putin’s forces are defeated…
EU will recommend opening talks with Bosnia to join the bloc
The European Union’s executive arm will recommend opening membership talks with Bosnia-Herzegovina, a big boost for the most fragile and divided of the countries that emerged…
A $1.5 trillion ‘ESG’ debt market has started bleeding clients
In the world’s second-biggest ESG debt market, corporate clients are starting to walk away.
EU unblocks about €2 billion from suspended funding for Hungary
Hungary managed to unblock about €2 billion in European Union funds as Prime Minister Viktor Orban’s government made further progress in the recovery of crucial financing.
EU to upgrade economic security to shield key tech from China
The European Union will take the next step this week in its effort to recreate itself into a global power that can leverage its massive single market to rebuff coercive actions…
Hungary won’t amend asylum, LGBTQ laws for EU funds
Hungary won’t meet European Union demands to amend controversial laws on asylum seekers and on restricting LGBTQ content, a senior minister said, making it less likely that…
Europe concerned with South China Sea, German minister says
Europe is concerned about rising tensions in the South China Sea between the Philippines and China, Germany’s Foreign Minister Annalena Baerbock said, prompting an immediate…
Google suffers setback in fight over €2.4 billion EU fine
Alphabet Inc.’s Google should lose its court fight to topple a €2.
Spot container shipping rates soar 173 per cent on Red Sea diversions
Short-term rates for container shipping between Asia, Europe and the US are climbing on reduced capacity caused by the ongoing threats to cargo vessels in the Red Sea.
Meloni sees Italy growing faster than EU partners this year
Prime Minister Giorgia Meloni said she sees scope for Italy’s economy to grow faster than the European Union average this year, and looked forward to likely interest rate…
European gas prices edge higher as outlook for cold snap deepens
European natural gas prices have edged higher as the intensity of a looming cold snap deepened, lifting demand for the heating fuel.
Church tallies show clear leader in Congo election race
Election observers from Democratic Republic of Congo’s Protestant and Catholic churches said their parallel count based on a sample of votes cast in the country’s December…
Ghost ships at reawakened North Korea port put Ukraine in peril
A dormant North Korean port near the border with Russia has sprung back to life, fuelling what experts say is a burgeoning trade in arms destined for the frontlines in Ukraine…
EU should tap €80 billion rescue fund to help Ukraine, Rehn says
The European Union should prepare to tap a little-used €80 billion rescue fund to support Ukraine’s war against Russia as the flow of money from both sides of the Atlantic…
China turns up Heat on trade with rare earths tech curbs
China will halt the export of a range of rare-earth technologies, potentially making it harder for the US and its allies to bolster Western supplies of strategic raw materials.
EU strikes fiscal rules deal with gradual path to cut debt
European Union finance chiefs ended months of wrangling over fiscal rigour to agree on new rules that will aim to rein in debt and define the bloc’s ability to invest in…
Houthi attacks start shutting down Red Sea merchant shipping
Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa as violence linked to the Israel-Hamas war threatens to…
EU’s Hoekstra tells non-G7 states they need to pay up on climate
European Union climate chief Wopke Hoekstra said that countries outside the Group of Seven need to help meet the bill for losses and damage caused by increasingly extreme…
Portugal set for election after corruption probe topples premier
Portugal is heading for a probable snap election after Prime Minister Antonio Costa unexpectedly ended his eight-year tenure amid a probe into possible corruption involving…
Switzerland’s right-wing party surges on immigration concerns
Switzerland’s right-wing People’s Party scored one of its best results ever in national elections, reaping the rewards of a campaign that leveraged concerns over immigration.
TikTok fights back over €345 million teen privacy fine in EU
TikTok, the Chinese-owned video—sharing platform, is fighting back in the courts after regulators in Europe slapped it with a €345 million data privacy fine and a compliance…