Greece ‘behind Russia’s ability to evade EU sanctions’
After Russia’s invasion of Ukraine in February 2022, economic sanctions were imposed on Moscow by the European Union and others in a bid to pressure Moscow into…
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Economy
Latest reporting and analysis on economy.
Meta’s Digital Services Act workaround under fire again
Facebook and Instagram owner Meta has been hit with another legal complaint over its attempt to work around new restrictions imposed on it by the European Union’s…
Google suffers setback in fight over €2.4 billion EU fine
Alphabet Inc.’s Google should lose its court fight to topple a €2.
World trade hammered by Red Sea shipping attacks, says Germany’s IfW Kiel
Global trade declined by 1.
Explore the heart of Spain’s olive oil powerhouse
Andalusia, Spain. Spain is the world’s top producer of olive oil. It is estimated to be responsible for about 20 - 40 per cent of global production.
German house-building industry faces ‘bleak’ 2024
This year looks set to be “exceptionally weak” for residential construction in Germany, according to the Institute for Economic Research (ifo).
Microsoft’s OpenAI investment risks EU merger probe, EU regulators say
Microsoft's financial backing for ChatGPT maker OpenAI may be subject to EU merger rules, EU antitrust regulators said on Tuesday, underscoring a similar warning…
More sabotage suspected after damage to new German gas pipeline
The evidence makes a technical mistake or natural causes unlikely
Bitter pill: EU faces possible €465 million hit for empty London offices
This year alone the EU is liable to take a £27 million (€31.
German farmers sow seeds of revolt in subsidy-cuts protests
Farmers across Germany started a planned week-long protest en masse against the Government's plans for cutbacks.
Tankers continue Red Sea run despite Houthi rebel raiders
Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants,…
Sparks of excitement at VW’s new ‘solid-state’ EV battery
German manufacturer Volkswagen has announced the successful test of an advanced "solid-state" electric vehicle battery that barely degrades.
What would Napoleon do? Brandy trade war breaks out between EU and mean-spirited China
China said it will investigate brandy products in containers containing less than 200 litres from the EU, without naming any companies
EC insists it has not screwed up wine-labelling rule change
The European Commission has left a bad taste in the mouths of vintners after publicly insisting it has not botched the implementation of new European Union wine-labelling…
Spot container shipping rates soar 173 per cent on Red Sea diversions
Short-term rates for container shipping between Asia, Europe and the US are climbing on reduced capacity caused by the ongoing threats to cargo vessels in the Red…
Meloni sees Italy growing faster than EU partners this year
Prime Minister Giorgia Meloni said she sees scope for Italy’s economy to grow faster than the European Union average this year, and looked forward to likely interest…
Sugar-rich snacks banned around European Commission headquarters
Travellers at Brussels Metro Stations Schuman, Montgomery and Arts-Law will soon only be able to purchase nutritious bites from snack-vending machines.
Polish farmers to resume blockade of Ukraine border crossing
Polish farmers will resume their blockade at the Medyka border crossing with Ukraine from Thursday as they say they have not received a signed assurance from the…
European gas prices edge higher as outlook for cold snap deepens
European natural gas prices have edged higher as the intensity of a looming cold snap deepened, lifting demand for the heating fuel.
Belgium quietly takes up Council of Ministers Presidency
Without fanfare, Belgium has taken the helm of the Presidency of the Council of Ministers for what looks to be a challenging term.
Macron reveals revamped climate agenda in Le Monde
French President Emmanuel Macron has unveiled a revamped climate-change agenda in a paywalled article for Le Monde.
Germany’s age of cheap energy ‘over’, says national grid chief
The era of cheap energy for all in Germany is "over", the head of country's national grid has claimed.
Sánchez to forgive €15 bn in Catalonian debt to shore up shaky Junts alliance
Spain's new Government said it will write-off Catalonia's debts to keep its shaky Junts alliance intact.
Red Sea terror attacks could undo fight against Eurozone inflation, experts say
Terror attacks on Red Sea shipping lanes could reverse recent efforts to curb inflation in the European Union, economic experts have said.
Germany should levy Ukraine ‘solidarity tax’ to fund war, says top economist
Germany should implement a Ukraine "solidarity tax" to fund Kyiv's war against Russia, a senior economist has said.
EU should tap €80 billion rescue fund to help Ukraine, Rehn says
The European Union should prepare to tap a little-used €80 billion rescue fund to support Ukraine’s war against Russia as the flow of money from both sides of…
China turns up Heat on trade with rare earths tech curbs
China will halt the export of a range of rare-earth technologies, potentially making it harder for the US and its allies to bolster Western supplies of strategic…
And the winner is … China! Beijing set to reap rewards from new EU wind charter
Cost pressures mean Chinese companies will likely encroach further into the European wind sector at the expense of EU firms
EU strikes fiscal rules deal with gradual path to cut debt
European Union finance chiefs ended months of wrangling over fiscal rigour to agree on new rules that will aim to rein in debt and define the bloc’s ability to…
EU Court annuls EU’s approval for Air France 19 state aid
The EU's General Court on Wednesday annulled the European Commission's 2020 decision to approve French state aid for Air France worth 7 billion euros, meant to soften…