Leading German corporations demand immediate implementation of reforms
They called for the burden to be reduced on a sustainable basis, describing further increases as unacceptable for businesses and employees.
Economy
Latest reporting and analysis on economy.
French PM admits few ministries meet cyber standards after large hacks
A detailed proposal for the unit's organisation, rules of engagement, resources and leadership is required by August 21.
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European banks raid Wall Street to close the investment banking gap
Barclays recruited Bank of America's Mike Joo to co-lead its investment bank, the latest senior hire from a US rival by a European lender that has been losing ground…
Belgian and French 10-year yields climb above key thresholds as fiscal pressures mount
The increases form part of a broader rise in eurozone long-term rates. The French benchmark first crossed 4 per cent on July 23.
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They leak twice: Tusk government unaware for two years of data breach affecting 19 million Poles
He said that "we are dealing with an extraordinary and very large incident in terms of the security of Poland's information sphere".
Lagarde says Europe cannot afford to miss AI as its growth model erodes
The European Central Bank chief told business leaders in Geneva that fragmented markets and fragmented finance are stopping European firms from reaching global size.
Commission tells member states to ignore its own new packaging rules and skip penalties
The regulation was negotiated under the 2019-2024 European Parliament, where a Green Deal-supporting majority held sway, and was adopted on December 19, 2024.
Phone numbers of UK ministers surface online after Burnham impersonation scam
The details of three cabinet ministers were found listed on the internet days after the Prime Minister exchanged texts with someone posing as a senior White House…
Virgin Trains wins UK approval to challenge Eurostar’s cross-Channel monopoly
The British rail regulator has cleared up to 20 daily return services between London and Paris, Brussels or Amsterdam from 2030.
Greece plans to repay about €13 billion of debt early in 2026
Officials at the Ministry of National Economy and Finance said the early repayments would send a signal of prudence to European institutions, rating agencies and…
Elon Musk says X will make government censorship requests clearly visible
Users will be informed when a government authority seeks the removal of a specific post or the restriction of an account.
Attal calls for referendum after French court strikes down under-15 social media ban
The Constitutional Council found that Article 1 of the law, adopted by parliament on July 21, constituted "an infringement that is neither appropriate, necessary,…
Coal falls to a record low in EU electricity as grid costs and taxes keep bills high
Eurostat figures show the fuel now generates less than a tenth of the bloc's power, though the retreat has not delivered cheaper electricity for consumers.
US accuses EU and member states of helping China evade tariffs
The report states that the alleged transshipment risk is "embedded within broad legitimate trade flows".
Spain records Europe’s steepest fall in young people living independently
Fewer than a third of Spaniards aged 18 to 34 now live without financial help from their parents, against roughly half across the European Union.
‘The financial crisis is inevitable’, warns former French PM François Bayrou
"Next year, the totality of income tax paid by the French will not suffice to pay the totality of the interest on the debt.
Eclipse strips up to 9.7GW from Europe’s solar-heavy grids
The company offered customers who cut consumption an hour of free electricity as a reward, capped at 16kWh.
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Bluesky’s active user base halves as the post-election exodus fades
The decline is sharper still when measured against the platform's late-2024 peak.
New EU banking rules put €11 billion in Moroccan remittances at risk
Rabat has settled terms with France and opened talks with the Netherlands and Belgium before the rules bite on January 11, 2027.
Storm of critique after Anthropic watermarks Claude text worldwide to meet EU AI Act rules
Breaches can attract fines of up to €15 million or 3 per cent of worldwide annual turnover, whichever is higher.
French newspapers file complaint against Google over AI summaries blamed for 38% traffic loss
Nearly 300 daily titles have asked France's competition authority to force the US company to honour commitments it gave regulators in 2022.
Brussels ranks new water supply a ‘last resort’ and answers drought with forums and roadmaps
The methodology for measuring the EU's 10 per cent water efficiency goal is not due until 2027, while member states face a shortfall of about €25 billion a year…
Romania faces full nuclear shutdown as Danube levels hit critical lows
The two CANDU reactors, each rated at around 700 MW, normally supply roughly a fifth of Romania's electricity.
Revolut wins French banking licence but ECB curbs loom
The British fintech has gained a second banking base inside the European Union, though supervisors are reported to be preparing limits on what it can sell there.
Romania sinks barges in Danube to keep last nuclear reactor running
Explosives, dredging and four scuttled vessels have lifted the river 8cm above forecast at Cernavodă, buying the plant's surviving unit nine days.
US settles with German energy firm for $1.22 billion to scrap offshore wind leases
The company described the resolution as serving the interests of its stakeholders and allowing it to redirect resources toward energy projects that can proceed with…
Washington buys yen with euros while the ECB watches
The US Treasury funded its first joint currency operation with Tokyo since 1998 by selling the single currency rather than the dollar.
Meta says its AI model went rogue and hacked another company during testing
The model then “exploited a security vulnerability in a third-party service, in a manner similar to previously reported instances with other companies”.
Amsterdam wants people to barbecue less
According to the municipality, smoke from charcoal and fire pits causes health problems and a nuisance.
French Greens leader calls for ban on X during elections
She argued that the platform, owned by Elon Musk, should be treated as a content editor rather than a neutral intermediary.