European regulators crack down on Big Tech
European regulators have launched a series of probes into Big Tech. In the latest, Apple AAPL.O, Meta Platforms META.O and Alphabet's GOOGL.
Category
Economy
Latest reporting and analysis on economy.
Bundesbank chief opposes joint EU borrowing beyond NextGenEU
Germany’s central bank chief voiced doubts over the need for joint European Union debt issuance.
Bunch of 15-year-olds trounce German foreign minister and teammates
Germany's “green” foreign minister has been reportedly handed a significant sporting loss by a bunch of 15-year-olds.
Belgian PM wants European boycott of Israeli business from Occupied Territories
The move would block agricultural products like dates, olive oil, and wine from the Occupied Territories from entering the EU
Why private equity danger is strangely reminiscent of 2008
If you remember the horrors of collateralised debt obligations (CDO) during the 2007-8 financial crisis, you are either a banker or one of the journalists who pounded…
Xi Jinping visits Europe at a time of internal division
Xi Jinping has begun his first European visit in five years, one likely to be dominated by the war in Ukraine and growing economic tensions between Beijing and Brussels.
EU ‘wealth tax’ to finance climate change?
The European Union must impose a wealth tax to finance climate transition - the move to a low-carbon, more resource-efficient and sustainable economy - says Paul…
Italy ‘aims to return to nuclear power by end of current legislative term’
Italy's Minister of the Environment and Energy Security Gilberto Pichetto has indicated Rome's readiness to reconsider nuclear energy
Gazprom plunges to first annual loss in 20 years as trade with Europe hit
Kremlin-owned gas giant Gazprom said on Thursday, May 2 it plunged to a net loss of 629 billion roubles ($6.
Major airlines under investigation for ‘greenwashing’
The probe aims to determine the veracity of claims made by airlines regarding their efforts to reduce aircraft CO2 emissions through measures such as carbon offsetting…
Heavy regulatory burden weighing on EU productivity: S&P
The European Central Bank has been congratulating itself too soon on a soft landing over the Eurozone inflation crisis, according to US financial analysis major…
Stand by for the EU fixed lids Directive!
What some regard as overzealous European Union regulation risks casting a cloud over citizens’ summertime plans to relax with a refreshing drink or two.
EU ‘throwing out’ rulebook for Ukraine accession
The European Union is "throwing out" its own rulebook to enable the accession of Ukraine into the bloc, an influential policy expert in Hungary claimed.
Consumer spending, investment boosts French first quarter growth
The French economy gained momentum in the first quarter, growing slightly faster than expected thanks to a pick-up in consumer spending and business investment,…
Scholz’s botched China trip should be a wake-up call for Europe
You would think a European leader spooked by the prospect of transactional politics under a new Donald Trump administration might brush up on his bargaining skills…
Belgium spends €1 billion to buy 23 buildings from the EC
The Belgian Government has acquired 23 office buildings from the European Commission for nearly €1 billion through its sovereign wealth fund SFPIM.
European Council adopts fiscal reform with new rules for budgets and debts
The European Council has adopted three pieces of legislation designed to reform the European Union’s economic and fiscal governance framework.
Head of EU’s EIB lending arm calls for spending cap to be scrapped
The head of the European Union's EIB lending arm has called on the bloc's member states to scrap a spending cap currently imposed on the development bank.
G7: 2035 could be end date for coal-fired power plants
Energy ministers from the Group of Seven wealthy countries meeting in Italy are discussing setting a common target date of 2035 to shut down their coal-powered power…
The dark side of veganism
Veganism is a phenomenon. Young people are going vegan en masse.
Europe’s debt is rising again as politics erodes budget resolve
Some of Europe’s most indebted governments are heading for a painful reckoning this year as their ambitions to cut down on borrowing collide with political reality.
‘Fast-fashion’ firm Shein falls under Brussels’ control as the Digital Service Act applies
The European Union has designated Chinese-founded fast-fashion company Shein as a very large online platform (VLOP) after it reported a huge number of users, the…
EU and US eye new sanctions against Russia as Moscow moves to seize $440 million from JPMorgan
Barely 24 hours after a $440 million seizure order imposed by Russia on US financial giant JPMorgan Chase came to light, the European Commission is reported to be…
Top German officials accused of manipulating nuclear phase-out advice
The decision to close down the last working nuclear power plants in Germany was made on manipulated information, Berlin-based Cicero magazine has claimed
Dutch province of Utrecht returns to fossil fuel as power-grid faces meltdown
The Dutch province of Utrecht announced it will switch back to fossil fuel to relieve the overworked electricity grid, as the road to net-zero in the Netherlands…
TikTok kills controversial rewards programme after EU threats
Chinese technology firm ByteDance has killed a controversial TikTok rewards programme amid threats from senior EU officials.
Green Deal champion Ribera to lead Spanish Socialists in the EP
Spain’s Deputy Prime Minister Teresa Ribera, a staunch champion of the European Green Deal, will be the new leader of the Spanish Socialist Workers' Party (PSOE)…
EP’s crackdown on dirty money in football ‘doomed to fail’
The European Parliament is set to vote to add the football industry to its money-laundering directive, an attempt to stop corrupt oligarchs and criminals from laundering…
EU launches investigation into Chinese medical device market
The European Commission launched an investigation on Wednesday into Chinese public procurement of medical devices, in the latest move to try to protect European Union producers…
Forint wobbles boost euro’s appeal among German investors in Hungary
The volatility of the forint EURHUF has boosted support for introducing the euro among German investors in Hungary to its highest level in 13 years, a survey by…