Meloni asks for greater EU fiscal flexibility to tackle the ongoing energy crisis
In a letter sent to European Commission President Ursula von der Leyen, she stressed that this should occur without altering the overall deviation limits.
Category
Economy
Latest reporting and analysis on economy.
Poland’s hydrogen bus push falters on high fuel costs
The city of Rybnik reported that hydrogen fleets were more than three times as costly as diesel and four times as costly as hybrids, the report said.
EU and Mexico set to sign sweeping trade and cooperation deal as Washington pressure looms
The deal targets a 50 per cent increase in Mexican exports to the EU by 2030, the Mexican government said.
Swiss Government backs extension of its nuclear reactors
Switzerland's Federal Council has backed the extension of its nuclear reactors.
Russia tightens relations with Taliban
Russia is deepening its engagement with Afghanistan’s Taliban Government and announced a "full-fledged partnership" with the Taliban at the Shanghai Cooperation…
EU foreign affairs chief Kallas: ‘Huge defence funds but European industry not increasing output’
The European Union's High Representative for Foreign Affairs and Security Policy, Kaja Kallas, has warned that Europe’s defence industry is not increasing production…
New book alleges ‘fraud, tax evasion and culture of deception’ at ‘green’ EU darling Northvolt
A new book by award-winning Swedish investigative journalist Gunnar Lindstedt alleges there was a culture of deception, financial mismanagement and regulatory failure…
Italy prepares for a nuclear return
Italy is preparing its most significant return to nuclear energy in nearly four decades, marking a major shift in the country’s industrial and energy strategy…
ECB warns oil shock could force rate hike in June
Alexander Demarco said hopes that the eurozone could ride out the energy spike were "fading" and that he expected the conflict,
EU races to refill gas storage for winter as Gulf supply stays blocked
The European Commission relaxed its gas storage obligation from 90 per cent to a minimum of 75 per cent earlier this year, citing market pressures.
Xi warns Trump of ‘clashes and conflicts’ over Taiwan as Beijing summit leaves Europe on the sidelines
The two presidents have held a closed-door session lasting roughly two hours and 15 minutes – their longest direct exchange since their October 2025.
Turkey lifts direct trade restrictions with Armenia in latest sign of thaw
Yerevan considers the step "an important move towards the development of full and normal relations between the two countries".
Alleged top criminal in Sweden-based Foxtrot gang arrested in Tunisia
The suspect has been identified by Swedish media as Mohamed “Moewgli” Mohdhi.
EU imports record amount of Russian LNG as foreign dependence grows
Russia remains the EU’s second-largest LNG supplier after the US. Deliveries from Russia were driven primarily by France, Spain and Belgium.
Europe wastes record solar power as ageing grids fail to keep pace
The phenomenon, known as curtailment, occurs when grid operators order generators to shut down because transmission networks cannot move the electricity to where…
Trump lands in Beijing for two-day summit with Xi shaped by trade, Taiwan and Iran
The US President, whose last trip to the People's Republic took place in November 2017, is due to hold formal talks with Chinese President on Thursday.
JP Morgan boss threatens to axe £3bn UK investment if Labour swings Left with Starmer replacement
Jamie Dimon, chairman and chief executive of JP Morgan Chase, has warned that the bank could scrap plans for a £3 billion (€3.
EU bans Brazilian meat imports from September over antibiotic abuse
The Brazilian Government said it had received the news "with surprise", with its agriculture ministry pledging to take "all necessary measures" to reverse the decision.
Spain insists on refusing US use of bases for Iran strikes as Trump threatens trade cut-off
The Rota and Morón bases are jointly operated under a bilateral agreement but remain under Spanish command.
From ‘Brejoin’ to Green revolution: European Greens push hard
European Green Party leaders have made a call for the UK to rejoin the European Union.
Dutch unicorn Bird slashes European workforce as CEO decries burden for tech companies in EU
Dutch communications platform Bird is cutting around 20 per cent of its global headcount.
Zelensky meets Palantir CEO in Kyiv to ‘deepen Ukraine’s AI defence push’
Ukrainian defence minister Mykhailo Fedorov confirmed in a separate statement that he had also met Alex Karp.
Poland embarks on a path of rising debt and record deficits
On May 8th, the Polish government was set to sign the SAFE defence procurement loan agreement with the European Commission in Warsaw.
Ireland to debate ending of nuclear power ban
The bill is expected to be debated in the Dáil Éireann (lower parliament) within the coming months.
Buying a pig in a poke?: Polish Government signs EU defence loan with interest rate unknown
Poland’s finance minister Andrzej Domanski has admitted the government was about to sign the loan being taken out under the European Union’s Security Action…
Trump sets July 4 deadline for EU to deliver on trade deal or face higher tariffs
The announcement followed what Trump described as a "great call" with European Commission President Ursula von der Leyen on May 7.
EU awards over €1 billion to nine green hydrogen projects
The selected projects span seven countries in the European Economic Area and were awarded fixed premiums ranging from €0.44 to €3.
Nawrocki pushes for referendum on EU climate policy
Poland's President has submitted a motion to hold a national referendum on EU climate policy.
Spanish Government diverted another €8.5 billion in EU funds to pay for pensions and social spending
The government has not clarified another €3 billion for civil servants' pensions in 2025 that may have been funded the same way.
Norway lifts key rate to 4.25 per cent as Middle East war stokes inflation
In a statement on Thursday, Norges Bank governor Ida Wolden Bache said: "Inflation is too high and has run above target for several years."