Draghi: ‘Europe must change perspective or risk servitude’
Former European Central Bank (ECB) president Mario Draghi has warned about "servitude" towards other economies at his first public meeting since the publication…
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Economy
Latest reporting and analysis on economy.
Police strike set to aid Extinction Rebellion motorway protest in the Netherlands
The Dutch chapter of Extinction Rebellion (XR) is planning to block the A12 motorway in The Hague on September 14, a date that coincidentally coincides with a police…
Spanish PM Sánchez calls for tariff truce between EU and China
“We don’t need another war, in this case a trade war.
Germany faces a surge in bankruptcies with ‘worse to come’
In the first six months of this year, almost 25 per cent more companies in Germany filed for insolvency compared to 2023, with experts fearing that the worst is…
EU court fines Apple, Google billions in latest anti-Big Tech offensive
The European Court of Justice (ECJ) has ordered both Apple and Google to hand over billions of euros in fines and unpaid tax revenue in two separate rulings.
Draghi’s plan says ‘Europe First’ and load it with debt: who thinks it will work?
Having famously saved the rickety euro from the international bond markets over a decade ago, Super Mario Draghi has now moved on to an even grander project: rescuing…
EU set to get pared-down iPhone 16 due to Digital Markets Act
The European Union is set to get a pared-down iPhone 16 as a result of its regulatory environment, including the now-infamous Digital Markets Act.
European car industry ‘risks being crushed by EU fines’, Renault chief warns
Luca de Meo, head of the Renault group, has said he fears European car manufacturers will suffer under stricter emissions rules for new cars imposed by the European…
Draghi insists ‘harder climate push will solve EU energy crisis’
Former European Central Bank boss Mario Draghi has called for more power to be handed to the EU in order to fight climate change and solve the bloc's competitiveness…
Retrofit of Germany’s eco-friendly battle vehicles ‘will cost billions’, government says
Fixing the problems with Germany's eco-friendly Infantry Fighting Vehicle (IFV) will cost billions of euros, the country's government has admitted.
France asks EU to let it delay submitting budget deficit plan
France has asked the European Commission to extend beyond September 20 a deadline for submitting a plan to reduce its public deficit to align with Paris' 2025 draft…
Italy’s president says need to bring down public debt is “inescapable”
Italy's president said there was an "inescapable need" to bring down the country's mammoth public debt, but warned on Friday that markets' perception was a "questionable"…
Germany blocks CO2 vouchers for oil companies over fraud concerns in China
Germany's Environment Agency announced on Friday, September 6, that it rejected carbon credits for 215,000 tons of CO2 emissions from oil companies due to suspected…
EU launches final Vega rocket as space pressures grow
The European Union-backed European Space Agency (ESA) has launched its final Vega rocket as competition in the aerospace sector hots up.
Volvo Cars abandons 2030 EV-only target
Swedish automaker Volvo Cars scrapped its target of going all-electric by 2030 on Wednesday, saying it now expected to still be offering some hybrid models in…
‘Von der Leyen to announce Green Deal changes in coming weeks,’ German MEP says
European Commission President Ursula von der Leyen will announce planned changes to the EU's Green Deal in the coming weeks, Christian Democratic Union (CDU) MEP…
Overspending blows multi-billion-euro hole in French budget
France is facing "a serious slippage in public finances" over a €16 billion spending increase, ministers in the country have warned.
Irish could become climate migrants in Europe, minister claims
Irish people could end up as climate migrants in Europe should global warming continue, the country's climate minister has claimed.
Volkswagen warns of German plant closures
Volkswagen said on Monday it can no longer rule out plant closures in Germany as it pursues ways to save several billion euros in a cost-cutting drive at its namesake…
It is not Russia or greedy industry, it is the ECB that is driving inflation
With inflation stubbornly sitting above the target set by the European Central Bank (ECB), there seems to be no end in sight for the cost-of-living crisis.
Von der Leyen changes stance and becomes pro-nuclear cheerleader
European Commission President Ursula von der Leyen has said that Europe needed "more nuclear", marking a departure from her previous, more sceptical stance.
‘Europe should develop AI now and regulate later,’ Macron says
Europe should focus on developing its own brand of artificial intelligence (AI) and leave the issue of its regulation for later, French President Emmanuel Macron…
Report blasts Europe’s carbon capture policy
Oil Change International, a non-profit US organisation that focuses on exposing the impacts of fossil fuels and advocates for a transition to clean energy, has issued…
Ireland ‘looking into legality’ of EU-Israel trade agreement
Ireland is reportedly probing the legality of the European Union trade agreement with Israel ahead of a European Council meeting in September.
China ‘stuns’ EU spirits sector as it mulls tariffs on brandy
China has threatened European Union companies with retaliatory tariffs after accusing them of dumping brandy on the Chinese market, damaging its domestic industry.
Environmental NGOs sue EC over aviation and shipping addition to ‘green taxonomy’ system
A group of NGO's have said they are bringing a climate-based case against the European Commission at the European Court of Justice (ECJ) designed to have aircraft…
Energy shortage fears sink Google’s Irish data centre plans
Fears surrounding energy shortages in Ireland have scuppered plans for a new Google data centre in the country.
Chinese EV maker aims to build cars in EU to soften tariffs
A Chinese electric vehicle (EV) manufacturer and partner of Germany's Volkswagen has said it was looking to produce cars in the European Union to bypass new import…
Canada to slap ‘100 per cent tariff on Chinese EVs’, says PM Trudeau
Canadian Prime Minister Justin Trudeau has announced that Canada will impose a 100 per cent tariff on the import of Chinese electric vehicles (EVs).
EU cuts Baltic Sea Cod quotas despite fish-finger shortage fears
The European Commission has announced it is cutting fishing quotas for cod despite ongoing fears of fish-finger shortages in Germany.