Amnesia? EC chief von der Leyen now calls nuclear exit ‘strategic mistake’
European Commission President Ursula von der Leyen has spoken out in favour of nuclear power, calling the nuclear phaseout in Europe a “strategic mistake”.
Economy
Latest reporting and analysis on economy.
Iran-China vs the West: Who dictates terms to whom?
As the military campaign against the Iranian regime unfolds, the geopolitical landscape is being reshaped by forces far away from the immediate battlefield.
Volkswagen Group to cut 50,000 jobs in Germany as profits tumble
Europe’s biggest carmaker, Volkswagen Group, has presented dismal 2025 annual results.
German industry orders plummet in January with oil prices adding to pain
Germany’s industrial sector has started weakly into the New Year.
UK net-zero airline goes bust before take-off
EcoJet Airlines, the Scottish start-up promoted as the world’s first zero-emission regional carrier, has collapsed into voluntary liquidation without ever operating…
Threatening Orbán? Patriots for Europe condemn Zelensky’s ‘unacceptable’ remarks
The right-wing Patriots for Europe group in the European Parliament has condemned remarks by Ukrainian President Volodymyr Zelensky that Hungarian officials say…
Polish President proposes funding rearmament from central bank profits, not EU loan
Poland’s President and the head of the central bank have proposed a “sovereign, Polish” alternative to the government’s legislation to facilitate borrowing…
The Great Game of Oil: Why Iran is about leverage not liberation
Within seventy-two hours of Operation Epic Fury, the joint US-Israeli strike on Iran, Tehran had retaliated across the entire Persian Gulf.
German industry group says country ‘permanently damaged’ as business venue
The German industry association for the metals and electronics sector, Gesamtmetall, or the Federation of German Employers' Associations in the Metal and Electrical…
Energy prices soar, stock markets slide on Iran war fallout
Oil and gas prices soared, stock markets slid and the dollar firmed on Monday as the widening Iran war shook financial markets across the globe.
Eight ex-UK energy ministers urge government to reverse North Sea oil and gas policy
A cross-party group of eight former UK energy ministers has written to Prime Minister Keir Starmer calling for an urgent policy reversal on North Sea oil and gas.
Von der Leyen ignores objections by EP and pushes Mercosur deal through
Ursula von der Leyen, President of the European Commission, has confirmed her decision to proceed with provisional application of the Mercosur trade pact.
Greenpeace ordered to pay €292m to US energy firm for damaging pipeline
A North Dakota judge has signalled he will order Greenpeace entities to pay an expected $345 million (€292 million) in damages to the US firm Energy Transfer over…
ECB books third straight annual loss
The European Central Bank said Thursday it booked its third straight loss in 2025 due to the lingering impact of a record run of interest rate hikes.
Trump administration have a vision of Hamilton’s ‘American System’ economics
The Supreme Court decision striking down Donald Trump’s use of the International Emergency Economic Powers Act to impose tariffs at will has important implications…
How they do it there: Argentina posts 4.4% growth in 2025 under Milei
Argentina’s economy grew 4.4 per cent in 2025, according to the latest figures released by National Institute of Statistics and Censuses (INDEC).
German Government agrees on repealing controversial ‘green heating’ law
The German Government parties have announced an agreement to scrap a controversial legal obligation to phase out oil and gas heating systems.
Polish opposition calls on US to offer Poland defence loan as alternative to EU proposal
The Polish opposition Conservatives (PiS) have called on the current US Republican administration to propose an attractive loan offer for the country to purchase…
Dutch Government bows to pressure over controversial tax on unrealised gains
Dutch finance minister Eelco Heinen has announced a dramatic reversal of the recently approved -- and passionately opposed -- Box 3 tax reform.
German budget deficit in 2025 deeper into the red
Germany’s public sector has incurred a record deficit in 2025, according to numbers published by the country’s Federal Statistical Office.
Despite drop in 2025, Russian oil exports exceed pre-war volumes: report
While Russian oil exports dropped last year, Russia is still exporting higher volumes than before its invasion of Ukraine in 2022, researchers said Tuesday, calling…
High tobacco taxes risk fueling illicit trade and undermining health goals, EESC says
The European Economic and Social Committee (EESC) has cautioned that abrupt or excessive increases in excise duties on tobacco and nicotine products could drive…
US Supreme Court strikes down swath of Trump global tariffs
The US Supreme Court ruled Friday that Donald Trump exceeded his authority in imposing a swath of tariffs that upended global trade, blocking a key tool the president…
Banned Brazilian hormone-tainted beef slipped through EU’s control system
The integrity of the European Union’s food safety protocols has come under scrutiny following the detection of several shipments of Brazilian beef contaminated…
‘Green’ means industry leaking out of Europe, a burden intolerable for investors
Over the past few years, the world has changed more dramatically than at any time since the end of the Cold War.
Slovakia threatens Ukraine with reprisals over blocked pipeline
Slovakia's prime minister today threatened to cut emergency electricity supplies to Ukraine if its neighbour does not reopen a pipeline that brings Russian oil to…
EU gives Austria fiscal leeway to boost defence spending despite ballooning deficit
Austria can spend billions on buying new equipment for its military, even though the budget deficit is soaring and the country is under a European Union deficit…
Public opinion doubts if ‘more Europe’ is the way forward
In Brussels, these are the worst of times, but also the best of times.
All the doomed UK has left is a cackling demented “That’s all, folks!”
The British Chancellor of the Exchequer, Rachel Reeves, is an interesting (if only sort-of) example of what happens when life follows art.
Dangerously low? Germany’s gas storage has fallen to record lows
While cold temperatures are still dominating and after a chilly start to 2026, Germany is facing historic low gas storage supplies.