Report casts doubt on German economic viability
Germany's economy is facing challenges that threaten the viability of its growth model, a report has claimed.
Category
Economy
Latest reporting and analysis on economy.
European stocks drop as US recession worries spark global selloff
European shares fell to near six-month lows amid a global selloff in equities on fears of a slowdown in US economic growth, with only a handful of stocks trading…
EC torpedoes TikTok rewards programme in latest DSA purge
The European Commission has taken down a TikTok rewards programme amid fears it could have been operating in violation of the bloc's Digital Services Act (DSA).
Flemish Government advertises for ‘Climate Doctor’
The Flemish Government in Belgium has posted a job advertisement for a "Climate Doctor" to address the potential medical effects of climate change.
Brussels ‘co-ordinating’ oil embargo on Hungary and Slovakia, claims minister Szijjártó
Brussels is behind Ukraine's attempt to block oil from entering Hungary and Slovakia, Budapest's foreign minister, Péter Szijjártó, has claimed.
EU’s ‘degrowth’ means rich stay rich, the poor are made even poorer
It is hard to distinguish whether an action is driven by malice or incompetence when the results are the same.
EU implements AI Act amid push to ditch fax machines
The European Union's landmark AI Act has come into force amid efforts by regional governments to phase out the fax machine.
More German companies mull relocation due to high energy prices, survey finds
High energy prices and a lack of reliable energy supplies are hindering German companies' production and investments, with a growing trend of industrial firms considering…
Europe’s largest wind-power plant stacks up hundreds of millions in losses
Sweden's Markbygden Ett, Europe's largest wind-power plant, has lost more than €322 million since its start-up and between 2017 and 2023, the loss margin was minus…
Paris, Barcelona and Brussels ‘worst European capitals for robberies’
The European cities suffering the most robberies are Paris, Barcelona and Brussels, according to statistics published by Eurostat and the UK police.
Breton is back: France approves outgoing Commissioner for second term
Breton had been Commissioner for Internal Market during the last legislative session, with the Frenchman pushing through two important pieces of digital legislation:…
In Depth: EU leaders shift to security over environmental concerns
The 2024-2029 Strategic Agenda, crafted in 2023 and endorsed in June 2024 by European Union leaders, has offered a glimpse into the bloc's forthcoming priorities.
Slovakia threatens to halt diesel supply to Ukraine
Slovak Prime Minister Robert Fico has threatened to halt diesel deliveries to Ukraine if Kyiv does not resume the transit of oil via Ukraine to Slovakia from Russian…
Internal combustion going nowhere, as EVs fail to rev buyers’ engines
I just came across a Los Angeles Times headline: “The electric automobile will quickly and easily take precedence over all other kinds of motor carriages, as soon…
Meloni arrives in China, aims to boost trade balance
Italian Prime Minister Giorgia Meloni arrivies in China on July 26 for the first time since she took office in 2022.
Terror chief urges Dutch to be prepared for future tech blackouts
Pieter-Jaap Aalbersberg, the National Co-ordinator for Counterterrorism and Security (NCTV), has warned the Dutch they need to be better prepared for blackouts.
Ukraine ‘blackmailing’ Hungary and Slovakia with oil shutdown, Budapest claims
Ukraine is attempting to "blackmail" Slovakia and Hungary with an oil embargo over both countries' positions on Russia's invasion, Budapest has claimed.
Beijing angry as EU slaps tariffs on Chinese biodiesel
Officials in Beijing have expressed their displeasure after the European Union imposed new tariffs on imported Chinese biodiesel.
Hungary borrowed 1 bln euros from Chinese banks in April
Hungary borrowed €1 billion from Chinese banks in April to finance infrastructure and energy projects, government debt agency AKK said on Thursday.
Dutch Government surprises with choice of Hoekstra as nominee commissioner
Dutch Prime Minister Dick Schoof has gone against expectations and chosen to nominate Wopke Hoekstra as the country's commissioner in the new European Commission.
IN DEPTH: Airbus tries to get a grip after stock market plummet
Aerospace multinational Airbus has said it wanted to avoid further delays in aircraft deliveries and was working with suppliers to avoid supply chain problems.
Hungary to ‘block EU Member State funds until Ukraine reactivates Russian oil transit’
Hungary has declared it will obstruct European Union reimbursements for Member States that have delivered munitions to Ukraine until Kyiv permits the transit of…
Microsoft blames EU for global IT outage
Microsoft has blamed the European Union for a global IT outage it has said affected 8.5 million Windows devices.
Hungary demands EU action after Ukraine cuts off Russian oil
Hungary has demanded action from the European Union after Ukraine's decision to cut off Budapest from much of its Russian oil supply.
US headed for a recession in 2025, Europe be warned
Professor Steve H. Hanke, one of America’s leading economists, has some crisp words about America's economic future, and Europe had better listen.
EU and Serbia sign controversial lithium deal designed to reduce China dependence
Serbia and the EU announced a major deal June 19 to develop a joint lithium mining project.
EU policy negotiations with Trump: find aggression and strength
Former President Donald Trump remains the favourite in America’s presidential race despite President Joe Biden’s decision to drop his re-election bid.
Europe’s largest airports disrupted amid global IT outage
A global tech outage, which appeared to stem from a failed update between Microsoft and global cybersecurity firm CrowdStrike, was disrupting operations across various…
IN DEPTH: Ursula von der Leyen’s second term promises ever expanding and encroaching EU
On Thursday, July 18, Ursula von der Leyen won the approval of MEPs for a second term as President of the European Commission.
Spain to use EU cash to fight media ‘disinformation’
Spanish PM Pedro Sánchez will disburse €100 million from European Funds to fight media “disinformation”, he announced this week.