Macron calls for ‘public funding surge’ at Paris climate summit
French President, Emmanuel Macron, took a decidedly green turn at the Summit for a New Global Financial Pact in Paris on June 22, stating no country should have…
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Economy
Latest reporting and analysis on economy.
Brazil’s Lula says EU should ‘give up’ protectionism, be ‘more humble’
Brazil's President Luiz Inacio Lula da Silva said on June 22 that the European Union should stop adopting a protectionist stance if it wants to reach a long-delayed…
Not so much Zeitenwende as progressive puffery: Germany’s first national security strategy is long on modish clichés and short on military thinking
Not since Willy Brandt’s 1970s Ostpolitik has a German geopolitical term made such waves as Olaf Scholz’s Zeitenwende.
Europe is falling behind. Other than regulation, is it still a world leader at anything?
Who remembers the EU’s Lisbon strategy of 2000? Probably not many, so let’s revisit its ambitious goals.
Member States approve watered-down Nature Restoration law by slim majority
In an extremely tight vote, EU Member States have agreed on a ‘general approach’ to the new Nature Restoration Law, despite strong opposition.
UK dodges Brexit slump, says upbeat French bank report
Despite doom-laden headlines dogging the UK post-Brexit predicting prolonged economic misery, one of Europe’s biggest banks has now concluded that leaving the…
EU climate chief fears green deal risks hit from ‘culture wars’
The European Union’s landmark green deal is at risk of being dragged into the “culture wars,” said the bloc’s climate chief Frans Timmermans as he warned…
Europe ‘in danger of losing the battery race’; green energy transition at risk
The EU's court of auditors is sceptical about the bloc’s push for an effective transition to greener energy, saying the whole process might be at risk.
European Commission urges Germany not to dig in on stricter EU debt rules
European Economy Commissioner Paolo Gentiloni urged governments to set aside rigid positions on the reform of the bloc’s debt rules and seek common ground as the…
EU Nature Restoration Act grinds to a halt amid growing division
The European Parliament’s Committee on the Environment, Public Health and Food Safety (ENVI) was forced to postpone the vote on a proposed nature restoration law…
British tourists visiting Spain to undergo finance, accommodation checks
British tourists visiting Spain will have to prove they can afford to stay for the duration of their holiday in the sun - and show where they will be based.
Brussels threatens to break up Google
Google is in the firing line after Brussels Competition Commissioner, Margrethe Vestager, on June 14 threatened to break up the global internet giant over what she…
Timmermans on the defensive over EU environmental laws
European Commission Vice-President, Frans Timmermans, claims the Christian Democrats ‘ran away’ from an agreement on environmental legislation, accusing them…
Prince Harry, Sebastian Vettel, Greta Thunberg – practice what you preach before lecturing the rest of us
You cannot go far these days in Europe, indeed throughout the West, without being harangued by some celebrity about climate change or social justice.
EU agriculture chief slams boss von der Leyen over farmers’ aid delay
European Commission President Ursula von der Leyen has been accused by one of her own top-ranking officials of dragging her feet over compensation payments to Member…
Putin says Russia thinking of ditching grain deal due to West’s ‘cheating’
President Vladimir Putin said on Tuesday that Russia was considering withdrawing from the Black Sea grain deal because the West had cheated Moscow by implementing…
Ireland: both rolling in cash and crashing hard
Ireland might have recorded the Eurozone's biggest GDP slump last quarter but a healthy cash surplus, the product of huge corporate taxes paid by a handful of US…
Investors may exit consumer goods firms over EU deforestation law
By Richa Naidu
Europe’s risky plan to avert an energy crisis: stash gas in Ukraine
About 60 miles from Ukraine’s border with the European Union, an array of pipes and pumps hints at what stands to become an important part of the bloc’s efforts…
Poland to take 2035 fossil fuel car ban to top EU court, minister says
Poland will appeal against European Union rules to end the sale of fossil fuel cars across the bloc from 2035 to the top EU court within days, the country's climate…
Nord Stream sabotage: US intelligence service tip-offs ‘point to Ukraine’
The United States’ Central Intelligence Agency (CIA) allegedly told Belgian secret services that the explosions that destroyed the Nord Stream pipelines were the…
Von der Leyen buckles: EU nature restoration law to be watered down
Critics of European Commission environment plans seem to be getting their way.
Lira plunges as Erdogan appoints first-ever female central bank governor
The Turkish lira has plunged to record lows after President Recep Erdogan named Hafize Gaye Erkan as the new and first-ever female leader of the country’s central…
Waiting for the onshore wind revolution? You might have to live for 4,500 years
It will take several millennia to hit UK Government green-energy production targets, according to a report from the left-leaning London-based think-tank the Institute…
France: ‘Nuclear energy is non-negotiable’
French Economy and Finance Minister, Bruno Le Maire, said the role of nuclear power in France is "non-negotiable" and anyone thinking they can reduce it would be…
Eurozone enters recession
The Eurozone is officially in recession, according to data released by Eurostat on June 8, after the 20-nation bloc suffered two consecutive quarters of economic…
Australia unhappy with EU trade talks progress, minister goes home
Australia's Trade Minister, Don Farrell, has left free-trade talks in Brussels, telling The Australian Financial Review it was “looking more difficult” to land…
Meloni pushes Tunisia to accept IMF loan
Italian Prime Minister, Giorgia Meloni, is urging Tunisia's president to accept the IMF loan conditions to rehabilitate the country's collapsing economy.
Leftist greenery is unscientific and failing – but conservatism goes together with true conservation
Sir Keir Starmer, the British Labour party leader — an organisation organically linked to the country’s major unions — is the latest of many European politicians,…
Polish PM defies court order to stop lignite mine extraction
Poland’s Prime Minister, Mateusz Morawiecki, on June 7 dug his heels in and expressed outrage at a Warsaw court’s decision to suspend a key Polish mining facility’s…