EU has enough support to impose Chinese EV tariffs, sources say
France, Greece, Italy and Poland will vote on Friday in favour of tariffs of up to 45 per cent on imports of electric vehicles (EVs) made in China, sources said,…
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Economy
Latest reporting and analysis on economy.
EU to blame for own decline, senior Eurocrat admits
"It is the normal consequence of decisions that we took, or did not take, in the last thirty years."
Eurozone factory activity sees fastest-ever decline in September
Manufacturing activity across the Eurozone declined at its fastest pace this year in September as demand waned sharply despite factories cutting their prices, a…
French PM Barnier skips confidence vote to avoid early exit
The vote, originally scheduled to follow the general policy speech on October 1, is a customary practice whereby prime ministers seek parliamentary approval.
Economic stagnation ‘the best Germany can hope for’
Germany is about to downgrade its economic forecast for 2024, with authorities now hoping to register zero growth this year, according to a report from the international…
How the Greens die: suffering economy and young dump the ‘party of youth’
After another catastrophic result in yet another eastern Bundesstaat, the German Green Party has lost its leaders.
All but one member state failed to meet EU renewable energy policy deadline
The European Commission opened infringement procedures on Sept 26 against all but one of its member states.
Just Stop Oil protesters who vandalised Van Gogh Sunflower painting jailed
Two radical climate activists who threw tomato soup at Vincent Van Gogh’s Sunflowers at London's National Gallery in October 2022 have received prison sentences.
Google lodges EU antitrust complaint against Microsoft
Google has launched an antitrust complaint with the European Commission against its cloud rival Microsoft over allegations it is stifling competition with its Azure…
Chemistry giant BASF considers closures at main plant in Germany
German chemistry giant BASF has said it was contemplating the closure of one in seven facilities at its main plant in Ludwigshafen.
French finance minister warns of ‘one of worst deficits in history’
Finance Minister Antoine Armand has sounded the alarm on the French budget, warning of the "very serious situation" facing France.
The UN admits it: global government is what it wants to meet all ‘challenges’
On September 23, the United Nations agreed a Pact for the Future, 56 actions meant to tackle everything from climate change to poverty.
EU and allies look to tighten Russian oil-price cap
The European Union and 12 partner nations gathered in Brussels on September 24 to assess the impact of Western sanctions on Russia.
German manufacturing sentiment at ‘lowest level since June 2020’
Pessimism within the German manufacturing sector has hit its lowest level since June 2020, a report from a major economic research institution has found.
Borrell: West must boost aid ‘to stop Russia plunging Ukraine into the dark’
Russia is trying to knock out Ukraine's energy infrastructure ahead of the winter to leave it dark and in the cold, the European Union's foreign policy chief Joseph…
Austrian parties split over dependence on Russian gas
When Austria holds its next general elections on September 29, the governing Conservatives (ÖVP) and Greens will join forces on energy issues, aiming to end a dependence…
Dutch bank ING to dump ‘climate laggards’ amid claims of ‘hypocrisy’
The chief executive of the Dutch bank ING has announced that client companies deemed to be not doing enough to reduce their negative impact on the climate will not…
EC calls on WTO to challenge China’s investigation into EU dairy products
The European Commission has launched a consultation request to the World Trade Organisation (WTO), to challenge China's anti-dumping investigation into European…
Eurozone business activity unexpectedly contracts in September
Eurozone business activity contracted sharply and unexpectedly this month as the bloc's dominant services industry flatlined while a downturn in manufacturing accelerated, a…
Brussels forcing production of EV cars nobody wants, sales crash 70 per cent in Germany
Some bad news for the European Union's Green New Deal: sales of electric vehicles have declined 18 per cent across the Union, led by a 33 per cent retreat in France…
Turkey cracks down on hybrid car imports as it seeks Chinese investment
Turkey's trade ministry imposed strict conditions on the import of plug-in hybrid vehicles from some countries, including China, according to a notice published…
Von der Leyen pledges €10 billion from EU funds for post-floods reconstruction
European Commission President Ursula von der Leyen has promised €10 billion worth of assistance as she visited Poland in the wake of the floods that engulfed large…
EU auto industry calls for urgent relief as sales plummet
European car sales have continued to decline with the major markets in the European Union being hit hard, including a noticeable drop in electric vehicle sales.
Chinese car firm shows interest in Audi’s endangered Brussels plant
Nio, a Chinese manufacturer of electric vehicles (EV's), is said to be considering the takeover of Audi's Brussels car plant, which is due to shut down.
Western, Russian nuclear industries still intertwined, report says
The Russian and Western nuclear industries remain dependent on each other, a situation that has shielded Russia from European sanctions, an industry report said…
Google wins EU antitrust fine fight but setback for Qualcomm
Alphabet unit Google won a legal challenge on Wednesday against a €1.49 billion ($1.
Cyclone Boris rips through Central Europe as flooding engulfs region
Germany, Austria, Poland, the Czech Republic, Croatia, Slovenia, Slovakia, Hungary and Romania all are reeling under the brunt of Cyclone Boris.
Shutting down UK blast furnaces means outsourcing carbon emissions to China
Consider the misguided environmental policies that the British government is currently pursuing.
German Government ups anti-Trump assault
The German Government has doubled down on its public assault against US presidential hopeful Donald Trump.
Dresden bridge collapse highlights Germany’s crumbling infrastructure
The collapse of a major bridge in Germany has shone a spotlight on the dismal state of the country’s public infrastructure.