Stagnant growth and high debt leave Italy’s Meloni few economic tools
Italy has recorded no GDP growth for the third quarter.
Category
Economy
Latest reporting and analysis on economy.
Euro zone recession fears harden as surveys show grim start to Q4
The downturn in eurozone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting…
Storm Ciarán causes mayhem across Europe
The autumn holiday was marked by Storm Ciarán that ripped across parts of Europe on November 2 with wind speeds of up to 140 kilometres per hour.
UK bank NatWest urges clients to become vegetarian and drive electric cars
British bank NatWest is advising clients to use electric vehicles and give up meat consumption.
All 27 EU Member States back UN call to end US-Cuba embargo
The UN General Assembly, with the support of all European Union Member States, has issued a resolution calling on the US to end its trade embargo on Cuba.
European chamber in China criticises upcoming Shanghai trade fair as ‘political showcase’
The European Union Chamber of Commerce on Friday criticised an upcoming trade fair in China as being more of a "political showcase" than about doing business and…
In diamond centre Antwerp, Russian gems are already shunned
Only a few weeks after Russia invaded Ukraine in February 2022, Antwerp-based diamond dealer Thierry Tugendhaft started receiving calls from big jewellers in Paris…
Advantage UK if Germany bails on fighter-jet project with France, says British ex-minister
Any decision by Germany to jettison its €100 billion fighter-jet project with France and remove its veto on a UK-Saudi aircraft deal would be "advantageous" to…
UK academics want cigarette-style warnings on meat
Researchers at Durham University in the UK have suggested using graphic health warnings on meat, similar to those on tobacco products, in a bid to help reduce consumption…
EC chief pushes for Western Balkans reforms over EU enlargement
The President of the European Commission Ursula von der Leyen made a four-day visit starting October 30 to North Macedonia, Kosovo, Montenegro, Serbia, and Bosnia…
Australia-EU trade talks hit brick wall
Despite earlier optimism, Australia's trade talks with the European Union have crumbled over agriculture, with both parties putting the blame on the other side on…
EU nations lost out on €61 billion in VAT in 2021, EC report finds
European Union Member States lost out on a total of €61 billion in VAT payments in 2021, according to the European Commission VAT Gap Report 2023 released on…
Amazon to launch ‘sovereign’ cloud in bid to satisfy EU privacy demands
US online e-commerce giant Amazon is launching a new "sovereign" cloud computing service in Germany aimed at satisfying European Union privacy demands.
Siemens Energy needs billions of state support as wind division tanks
The German industrial multinational Siemens is in dire need of cash as a result of bad investments in sustainable energy.
EC defends ‘incomprehensible’ €18m-plus EU PR campaign
The European Commission has defended a PR campaign promoting the European Union after it was slammed as "incomprehensible" by an MEP.
Grapes of wrath: French winegrowers destroy Spanish rivals’ imports
Angry winegrowers in France blocked lorries coming from Spain and destroyed the wine they were carrying, claiming the cheaper imports are destroying the local market.
Poland: Tusk heads to Brussels as justice minister challenges EU ban on fossil fuel cars
Donald Tusk, who has been nominated by his party as candidate for Prime Minister, is due to travel to Brussels on October 25 or 26 to talk with European Union leaders…
EC has ‘no comment’ on alleged Romanian EU competition-law violation
The European Commission has nothing to say about reports of anti-competitive behaviour by Romanian authorities.
Slovakian President decries nomination of ‘climate-change sceptic’ as environment minister
Slovakian President Zuzana Čaputová is postponing the installation of her new government as she is against the nomination of Rudolf Huliak, whom she said was a…
ECB moves ahead with digital euro project
The European Central Bank (ECB) is starting preparations for developing a digital euro that would be available free of charge to everyone in the Eurozone for any…
FOCUS-Ryanair fights off European squeeze on its ticket prices
Ryanair is facing challenges at both ends of its price range, with Europe's largest airline taking aim at proposed minimum fares in France after fending off a cap…
Irish Government’s anti-meat tweet deleted amid farmers’ outrage
A tweet encouraging the public in Ireland not to eat meat was axed by a state agency of the Irish Government after a backlash from farming organisations in the country.
France prevails as EU strikes agreement on landmark electricity market reform
The European Council has reached agreement on a proposal to amend the European Union's electricity landscape that includes French nuclear power, despite the industry…
Orbán meets Putin in Beijing, highlighting mutual ‘good relations’
Hungarian Prime Minister Viktor Orbán has become the first European Union leader to meet with Russian President Vladimir Putin since an international arrest warrant…
Ikea hikes security in Belgian stores after Brussels terror attack on Swedes
Swedish furniture giant Ikea has announced it is ramping up security in its Belgian stores after the terror attack in Brussels on October 16.
Beware Country Garden and Evergrande: a Chinese property crunch could be about to set off a global financial crisis
Country Garden sounds so innocuous, but so did Freddie Mac and Fanny Mae, until those sweet sounding names became shorthand for global financial disaster.
TikTok fights back over €345 million teen privacy fine in EU
TikTok, the Chinese-owned video—sharing platform, is fighting back in the courts after regulators in Europe slapped it with a €345 million data privacy fine…
Italy unveils tax-cutting 2024 budget amid debt worries
Italy's government on Monday approved a budget for next year with measures worth around 24 billion euros in tax cuts and increased spending, despite market concerns…
Football clubs seek to test European Commission powers to regulate game-changing subsidies
Spain's top men’s professional football division La Liga has taken a complaint about France's Paris Saint-Germain team to EC referees, arguing the French club's…
Venice mayor suspends electric bus service after two accidents
Venice Mayor Luigi Brugnaro announced a ban on La Linea's electric buses following two accidents involving its vehicles, one of which resulted in the deaths of 21…