TikTok fined €530 million by EU regulator over data protection
TikTok was fined 530 million euros ($600 million) by its lead EU privacy regulator on May 2 over concerns on how it protects user information and was ordered to…
Category
Economy
Latest reporting and analysis on economy.
Cars, planes and tariffs: EU gets a window seat on developments
The US President Donald Trump has slashed tariffs on car parts to support domestic factories while doubling down on duties in the aviation sector.
France-based nuclear fusion clean-energy project hits key milestone
A much-delayed nuclear fusion project based in southern France and involving more than 30 countries was said to be ready to assemble the world's most powerful magnet…
12 EU states request deficit rules leniency as euro bloc’s economy growth tops expectations
Twelve European Union countries have requested activation of the "national escape clause" from EU deficit rules in order to boost their defence spending, the European…
Critical Medicines Act: Europe’s big idea risks being ‘just another layer’
While the European Commission’s proposed Critical Medicines Act was welcomed for aiming to strengthen supply chains, member state officials and industry experts…
Spain ‘ignored numerous warnings about blackouts due to renewables’
Spain was warned well before the outage across the Iberian Peninsula that it risked severe energy blackouts due to its reliance on renewable energy, it has been…
Canada Liberals squeak back into office claiming to ‘stand up to American ogre’
The Canadian election on Monday only partially confirmed the trend of the last Italian and Argentinian elections, the US election in November and the subsequent…
Sanctions loophole: Oil price fall lets Greek ships resume Russian crude trade
Greek oil tankers have quietly resumed shipping Russian crude as Urals Oil prices slide under the G7 cap, exposing a Western sanctions loophole.
Questions arise about role of renewable energy after international electricity blackout
While Spain and Portugal are slowly recovering from the electricity blackout that put both countries to a standstill, experts have been pointing out that renewable…
Porsche slashes outlook as US tariffs, China slump dim prospects
Porsche's margins plunged in the first quarter, the sports car maker said on Tuesday, forcing it to cut its outlook due to weakness in its key market China, a slowing shift…
Brussels Signal news chief reports from international blackout
Brussels Signal's head of news, Justin Stares, was in Spain during the mega blackout hitting the Iberian Peninsula and has reported from the scene.
Volvo plans cost cuts of €1.6 billion and staff reductions
Swedish automaker Volvo Cars has announced a cost-cutting initiative worth 18 billion Swedish krona (€1.
Germany’s CDU choice of new ministers shows it is ‘on its path towards the Left’
Germany’s incoming chancellor Friedrich Merz, leader of the Christian Democratic Union (CDU) has chosen his candidates for the top executive positions his party…
European arms suppliers set to miss out on EU defence budget surge
Foreign weapons and defence technology makers seem poised to cash in on Europe's defence boom, side-lining the continent’s own industry despite soaring military…
Photo story : Spain and Portugal hit by massive power blackout
Spain and Portugal experienced a major power outage that disrupted public transport, caused heavy traffic congestion, and delayed numerous flights.
Germany seeks exemption from EU fiscal rule to aid defence spending
Germany’s outgoing finance minister Jörg Kukies has asked the European Commission to allow Germany temporarily to ignore strict European Union rules that limit…
General power blackout leaves Spain, Portugal and part of France in the dark
Southern Europe was hit by a major electricity outage affecting millions of people in the Iberian Peninsula and beyond, paralysing infrastructure, communication…
EU looks to breathe new life into trade talks as US tariffs upend economic world order
The European Union has scrambled to revive long-stalled trade talks amid trade tensions caused by US President Donald Trump's global range of tariffs.
Young Belgians boost property market, except in expat-heavy Brussels
Young Belgians are fuelling a rebound in the property market outside the country's capital Brussels, where rising housing prices and competition from EU officials…
German city of Bonn abandons plan for ‘living-space tax’
The German city of Bonn has abandoned plans for the introduction of a new tax to incentivise people to abandon flats and houses considered “too large” for them.
Austria’s OMV shuts down hydrogen filling station network due to ‘lack of demand’
The Austrian oil and gas company OMV has decided to shut down its network of hydrogen filling stations in the country due to high costs and low demand.
EU ‘doesn’t know what it’s doing with digital laws’
The European Commission's lack of understanding of the digital market it has tried to regulate has harmed the bloc's competitiveness, according to a member of the…
Deforestation rules hamper EU efforts to strike free-trade deal with Malaysia
Trade negotiations between the EU and Malaysia, home to five types of strategic minerals essential for Europe’s high-tech sector, are stumbling over the bloc’s…
US says EC fines for Apple, Meta ‘economic extortion’ as Trump hints at China tariffs deal
The White House has said European Commission fines on Apple and facebook owner Meta Platforms by the European Union were a "novel form of economic extortion" that…
EC ‘will defend in court’ its combined €700m fines on Apple and Meta
The European Commission says it is prepared to defend the fines imposed on Apple and Facebook owner Meta.
Volvo profits down more than expected
Vehicle manufacturer Volvo has had a bad first quarter, reporting sales that were lower than expected.
Hoteliers set to launch legal claim over ‘billions in losses due to booking.com’
Travel website booking.
Trump ‘100% confident of EU trade deal’ after talks with Italy PM Meloni
US President Donald Trump and Italian Prime Minister Giorgia Meloni have each expressed confidence that the US and Europe would be able to negotiate a trade deal…
China’s shifting gas strategy could push up EU imports of US LNG
A shift in China’s gas import strategy is set to push more US LNG towards Europe — potentially tightening a transatlantic energy bond Brussels has been wary…
US tariffs reignite EU free trade agreement talks with India
The European Union has ramped up its push to conclude a free trade agreement (FTA) with India, with pharmaceuticals now in the spotlight.