Cash-strapped German Government ‘throwing money at unimpressive video games’
German economy minister Robert Habeck (Greens) is under pressure after announcing new subsidies for the digital gaming sector, despite the country's budget problems…
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Economy
Latest reporting and analysis on economy.
Nord Stream a ‘legitimate target’ for Ukraine, Czech President claims
The Nord Stream pipelines were a "legitimate target" for Ukraine's armed forces to sabotage or strike, the President of the Czech Republic Petr Pavel has claimed.
China, Belarus agree to strengthen cooperation in trade, security
China and Belarus have agreed to strengthen cooperation in a range of sectors including trade, security, energy and finance, according to a joint statement after…
EU sanctions ‘could spark German fish-finger shortage,’ industry chief warns
Possible sanctions on Russia could prompt a fish-finger shortage in Germany, local media in the country has reported.
Hungary energy supply ‘secure’ despite oil embargo, says foreign minister
Hungary's foreign minister Peter Szijjártó has stated the country's energy supply remained "secure" despite Ukraine curtailing its oil supply.
EU’s Borrell warns EU-China trade war could be ‘unavoidable’
“We mustn’t be naive, we have no interest to get into a trade war… but maybe it’s unavoidable, it’s also in the logic of things.”
China launches anti-dumping investigation into EU dairy products
Trade tensions between Brussels and Beijing appear to be deteriorating, with China opening an anti-dumping investigation into European Union subsidies for certain…
Von der Leyen insists EU ‘still capable of innovation’ at Taiwanese chip-project launch
While the EU facility is only set to be fully up and running by 2027, the process is already not at the cutting edge, with TSMC working with nodes as small as 5…
Germany wants to cut billions in subsidies for heat pumps
Due to the tight budgetary situation in Germany, the progressive government must significantly cut back on subsidies for installing heat pumps, which are a controversial…
German defence stocks down after report of freeze on Ukraine military aid
German defence stocks fell on August 19, after the German newspaper Frankfurter Allgemeine Sonntagszeitung (FAS) reported that the finance ministry would not approve…
‘Keep quiet’ Tusk tells Germany over Nord Stream revelations
Polish Prime Minister Donald Tusk has ordered "all initiators and patrons" of the Nord Stream pipelines to "keep quiet" following the revelation that Ukraine might…
Unprepared Greek Government reeling as wildfires sweep country
The Greek government has been left on the ropes as devastating fires sweep Athens and the Attica region, leaving a trail of destruction.
International arrest warrant for Ukrainian on Nord Stream explosions
German investigators have issued an international arrest warrant for a Ukrainian man they suspect of having been involved in the sabotage of the Nord Stream pipeline…
Italy’s Portofino wars over ‘illegal’ air conditioners
Citizens living in the Italian commune of Portofino have been reportedly warring over the presence of "illegal" air conditioning units.
OECD: Italy jumps to first place in G7 for real income growth
Italy has had the strongest growth in real household income per capita of all G7 countries in the first quarter of 2024, the Organisation for Economic Co-operation…
Trump blasts EU after Commissioner demands X censorship
"I know the European Union very well. They take great advantage of the United States in trade. They're not as tough as China but they're bad."
Poland signs billion-dollar Raytheon missile deal
Poland has signed a $1.2 billion deal with American weapons manufacturer Raytheon to make missile components.
France to experience ‘worst wheat harvest in 40 years’
Authorities estimate that this year's harvest could be between 10 and 16 per cent lower than in 2023, representing a loss of 10 million tonnes of wheat.
Italy sees ‘beach-umbrella protest’ as licence row resurfaces
Italy's balneari (beach managers) closed their umbrellas for a few hours on August 9 in a symbolic protest against the government's failure to resolve a dispute…
Apple loosens AppStore rules amid Brussels pressure
Apple has once again adjusted its App Store rules amid ongoing pressure from the European Union.
NGO says Olympics committee is withholding Seine water quality data
NGO Surfrider Foundation France has accused the Paris Olympics committee of hiding poor Seine quality figures.
EC gives nod to Green Deal architect’s top job with Dutch gas major
One of the architects of the European Green Deal has received permission from the European Commission to take up the role of Chairman with Gasunie, a Dutch gas company.
German police raid Last Generation members’ homes
German police have searched the homes of Last Generation members after the group's protests at several German Airports.
Irish regulator takes X to court over Grok AI
Ireland's Data Protection Commissioner (DPC) is taking the Twitter International Unlimited Company to the country's High Court over its "Grok" artificial intelligence,…
Taylor Swift’s Vienna concerts canceled over ‘Islamist terror plot’
Three concerts by pop star Taylor Swift in Vienna have been abruptly canceled following a police raid on youths suspected of planning a terrorist attack at one of…
Ukraine penetration of Russian Federation sparks Europe energy fears
A Ukraine invasion of internationally recognised Russian territory has sparked energy concerns.
Pharmacy chain Rossmann axes Tesla purchases citing Musk’s ‘support for Trump’
Rossmann, one of Europe's largest chains of chemists, has announced it will no longer buy Tesla electric vehicles (EVs) for its company fleet because of the support…
Austria’s Last Generation to dissolve over ‘fossil ignorance’
The Austrian climate activists organisation Last Generation has announced it will disband over a lack of success.
French imports of Russian LNG soar in first-half 2024
French imports of Russian liquified natural gas (LNG) are surging and feeding into an increase in exports of Russian LNG to the rest of Europe.
Germany’s BioNTech reports steep losses in second quarter
BioNTech, the German pharmaceutical giant that became a household name during the Covid pandemic, has stacked up huge losses.