Polish president Nawrocki and PM Tusk joust over rising public debt
Poland’s president Karol Nawrocki and prime minister Donald Tusk have clashed publicly during a meeting of the Cabinet Council over the government’s record on…
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Economy
Latest reporting and analysis on economy.
Calls for inquiry into Germany’s Habeck over failed green projects
German Christian Democrats have called for a committee of inquiry into the former Green Federal Minister of Economics, Robert Habeck, for "wasting billions of taxpayer's…
What negotiations? Top EU trade official admits caving in to Trump
The European Union’s Director-General for Trade has admitted the US steamrollered the bloc during this summer's controversial trans-Atlantic trade negotiations.
German Chancellor Merz: ‘Welfare state can no longer be financed’
German Chancellor Friederich Merz has warned that his country's economy is no longer capable of financing its welfare state.
Zelensky chuckles at attacks on key Hungarian oil pipeline
Ukrainian President Volodymyr Zelensky could not hold back a chuckle during a press conference after a journalist asked about bombing a Russian Druzhba pipeline…
Addressing DMA and DSA issues would aid EU and US, say tech players
Telecom and tech companies have urged Brussels and Washington to tackle long-standing regulatory barriers after a common declaration was published on August 21 setting…
High prices and poor routes puts train travel behind flying in Europe
Travelling by train in Europe is still struggling to compete with flying, with tickets often more expensive than budget airlines and journeys less direct and harder…
Sweden moves ahead on plan for new nuclear power plants
The Swedish State power company Vattenfall has announced that it selected candidates for the planned construction of a series of small modular reactors (SMR).
Pressure on Merz as Trump tariffs hit German economy
Germany’s economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor…
Hungary is right: Ukraine should not join the EU
As US President Donald J.
Polish President vetoes bill coupling loosening restrictions on wind turbines with electricity price freeze
Poland’s new President, Karol Nawrocki, has decided to veto legislation backed by the government that would have loosened the restrictions on the construction…
South Koreans pull out of Polish nuclear power project
The South Korean State-owned Korean Hydro & Nuclear Power (KHNP) company revealed it was withdrawing from a nuclear power project in Poland.
US trade deal updated, but unhappy EU distillers want zero-for-zero restored
European distillers and winemakers emerged empty-handed from the new European Union-US trade agreement, with both sectors still facing a 15 per cent tariff in the…
Alleged Nord Stream pipeline saboteur arrested in Italy
Italian police have arrested a main suspect in the attacks on the Nord Stream pipelines in September 2022.
China wants to address overcapacity in critical sectors
China says it wanted to confront the problem of its factories producing far more than the domestic market can absorb.
Melting glacier in Austrian mountains exposes remains of 50-year-old ski lift
A retreating glacier on the 2,995m Austrian Dachstein mountain has revealed the remains of a long-lost ski lift.
XR anti-aviation activists demand access to Schiphol Airport – so they can fly
Extinction Rebellion (XR) has filed a lawsuit against Amsterdam Schiphol Airport over an access ban imposed on 37 members of the organisation after they held an…
Belgium’s Congo trip highlights mineral stakes amid rebel-controlled region
Belgium’s foreign minister Maxime Prévot is due to visit Congo in the next few days for peace talks and discussions on mining governance, an agenda that connects…
Serbia ‘signs major weapons deal’ with Israeli producer Elbit Systems
Serbia has reportedly signed a major contract with Israeli weapons producer Elbit Systems, emphasising the emerging political alliance between the two countries.
Spain and Portugal battle wildfires as death toll mounts
Thousands of firefighters backed by the military and water-bombing aircraft on Monday battled dozens of wildfires across Spain and Portugal, as the death toll increased…
German finance minister demands tax hikes as social expenditure rockets
Germany’s finance minister has proposed raising income and estate taxes to cover the country’s ballooning budget deficit.
China targets two EU banks in reply to Russian sanctions
China announced it would take countermeasures against European banks in retaliation for EU sanctions against Russia that hit two Chinese financial institutions due…
Spain suffers third wildfire death, Greece beats back flames
Spain, on August 14, mourned its third wildfire death this week, and Greece began beating back a blaze threatening its third-largest city Patras, as an unrelenting…
Former MEP Carola Rackete disrupts debate on Norwegian TV
Carola Rackete, who recently gave up her seat as MEP and returned to left-wing activism, has crashed a Norwegian TV broadcast, comparing fossil fuel companies with…
German investor morale falls amid continuing US trade tensions
German investor morale fell sharply in August, a drop that exceeded expectations and underscored how tensions over US–European Union trade have been shaping Europe’s…
Car-export reliant Italy caught between Washington and Beijing
Italy’s car industry, central to its exports and manufacturing base, has been caught between two rival powers whose trade decisions could shape its future.
US lawmakers pressure Ireland over its ‘anti-Israel’ trade ban
A group of 16 Republican lawmakers in the US Congress, led by Representative Claudia Tenney, have put pressure on Ireland over its proposed Occupied Territories…
Danish wind-farm major Ørsted hammered by brutal financial storm
Danish wind farm constructor Ørsted has been left facing one of the most turbulent periods in its recent history, with its stock price having plunged to an all-time…
Rise in German bankruptcies shatters hope for quick economic revival
The number of companies in Germany filing for bankruptcy has unexpectedly jumped to its highest value since at least 2018.
Mercedes CEO : Europe risks ‘automotive collapse’ over CO2 emissions rule
Europe’s automotive sector faces collapse under the weight of the EU’s CO2 regulations and their “draconian penalties,” Ola Källenius, CEO of carmaker Mercedes…