Belgium, without a government, asks EC for another budget plan delay
Belgium has asked the European Commission for a new delay on its obligation to present a budget plan as coalition talks drag on.
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Economy
Latest reporting and analysis on economy.
Trump calls to ‘open up’ North Sea, get rid of windmills
U.S. President-elect Donald Trump called to "open up" the British North Sea and get rid of windmills in a post on his social media platform Truth Social on Friday.
New EU crypto rules ‘driving out big coin players’
The European Union's new crypto rules, the Markets in Crypto-Assets Regulation (MiCA), have triggered fears customers could become exposed to riskier alternatives…
Southeast Germans told to limit electricity use
Germans living in the southeast of the country were told to limit electricity use on the morning of January 3 over issues to do with the local grid.
Slovakia weighs retaliation against Ukraine over gas transit termination
Slovakia Prime Minister Robert Fico has announced possible retaliatory measures against Ukraine after Kyiv halted the flow of Russian gas to his country.
The EU in 2025: A union at the crossroads of chaos
The year is 2025. Europe’s grand experiment is not looking so grand anymore.
Germany ‘entering longest economic slump since WW2’
A forecast by the Handelsblatt Research Institute (HRI) has predicted that the German economy is set to suffer a third consecutive year of recession, something not…
EU forces 10-year-old USB-C charging point on everything mobile
The European Union’s imposition of the USB-C charging port on all items that make modern life possible, and yes explicitly including handheld mobile phones, portable…
German CDU leader Merz warns against ‘dangerous spiral of tariffs’
German Christian Democratic Union (CDU) leader Friedrich Merz has told news agency DPA he would support a new attempt at talks on a free trade deal with the US.
What will the EU do when cars become commodities?
Volkswagen has defused the labour crisis sparked by its announcement of impending plant closures with a deal that agrees to keep these factories open and reduce…
Russia cuts gas supply via Ukraine as transit deal expires
Gazprom, Russia’s state-controlled gas giant, has announced a significant reduction in gas flows to Europe via Ukraine.
Apple pulls products from EU market as ban on non-USB C connectors takes effect
Apple has pulled all of its iPhone 14, 14 Plus, and iPhone SE products from the European Union market as the bloc's ban on non-USB-C connectors came into effect…
NATO to ‘ramp-up Baltic Sea operations’ after suspected undersea cables sabotage
NATO has said it will boost its presence in the Baltic Sea after the suspected sabotage of an undersea power cable and four internet lines.
Finland detains Russia-linked oil tanker over suspected deep-sea cable sabotage
Finland has detained an oil tanker with links to Russia over concerns it intentionally damaged several deep-sea cables.
Mass exodus of companies shows Germany is ‘bankrupt’
The mass exodus of companies from Germany has shown the country was now effectively "bankrupt", the head of an industry organisation has said.
Zelensky says Europe’s security ‘at risk over Slovakia’s dependence on Russian gas’
Ukrainian President Volodymyr Zelensky has criticised what he said was Slovak Prime Minister Robert Fico's lack of desire to end his country's dependency on Russian…
Qatar threatens to ‘cut off gas supplies to the EU’
Qatar’s energy minister Saad al-Kaabi has threatened to cut supplies of liquefied natural gas (LNG) to the European Union over its recently implemented Corporate…
Trump urges EU to boost US energy imports or face tariffs
US President-elect Donald Trump said on December 20 that the European Union should step up US oil and gas imports or face tariffs on the bloc's exports that include…
EU-Switzerland ‘reset’ deal denounced as ‘submission of Switzerland to EU’
A new agreement between Switzerland and the European Union resetting their relationship appears to face a rocky road to ratification.
China demands EU end sanctions over Ukraine War
China has demanded the European Union immediately lifts sanctions on several of its companies recently blacklisted for allegedly supporting the Russian war machine…
Ex-commissioner Breton: ‘If we carry on like this, France will sink’
Thierry Breton, former European Commissioner for the Internal Market, has issued a stark warning regarding France's economic outlook, urging the swift appointment…
German ‘Last Generation’ activists to rename and end blockades
The German Last Generation (LG) climate activists' group said it would change its name to adapt to what it called changes in the world climate.
German ‘push for peace in Ukraine via food security’ alongside military aid to Kyiv
According to a report allegedly written by a German diplomat at the country's embassy in Moscow, Berlin plans to work for peace between Ukraine and Russia under…
Danish pension fund facing huge loss from any Northvolt bankruptcy
Denmark’s biggest pension fund, ATP has been left facing the painful consequences of "green" darling Northvolt's feared bankruptcy - €308 million is on the line.
Porsche’s electric shift troubles leave 8,000 jobs on the line
German sports car manufacturer Porsche says it faces major cost reductions and could lay off up to 8,000 employees.
Sweden slams German ‘green’ energy policy reliance on ‘weather gods’
The recent spike in energy prices has caused diplomatic friction between Sweden and Germany, with Sweden's Deputy Prime Minister Ebba Busch pointing the finger at…
Cold Christmas for employees at Austrian motorcycle giant KTM as production comes to a halt
The crisis at Austrian motorbike manufacturer KTM is worsening, with the company unable to pay its 6,000 employees the previously promised November and December…
Moody’s hands France surprise downgrade over deteriorating finances
Credit ratings agency Moody's unexpectedly downgraded France's rating on Friday, adding pressure on the country's new prime minister to corral divided lawmakers…
German electricity prices soar to 2022 levels
Energy prices in Germany have returned to 2022 levels, driven by a combination of factors that have exacerbated the energy crisis stemming from the invasion of Ukraine…
Norway mulls cutting electricity links with Europe over price spikes
The spike in European electricity prices on December 12, caused primarily by German electricity imports, has sparked anger throughout northern Europe.