Brussels urges Washington to restore 15 per cent tariff cap before summer
European Trade Commissioner Maroš Šefčovič has urged the United States to return swiftly to the terms of the trade pact agreed by both sides in July 2025.
Economy
Latest reporting and analysis on economy.
World faces what ‘could be most severe energy crisis in history’, Brussels warns
European Commissioner for Energy and Housing Dan Jørgensen made the comments at a press conference.
EU and Armenia sign connectivity deal at first Yerevan summit
The partnership is to focus on transport, energy and digital links between the EU and Armenia, supporting the country's economic development.
EU ammo supplier accused of profiteering with Soviet-era stockpiles sold at premium price to Ukraine
A major Central European defence contractor at the heart of the European Union’s emergency push to arm Ukraine is facing explosive allegations that it has built…
Amsterdam introduces advertisement ban on fossil fuel and meat
Amsterdam has become the world’s first capital city to prohibit public advertisements for meat products, alongside fossil fuels,.
EU’s €90 bn ‘loan’ to Kiev is a bet on Ukraine victory and Russian humiliation. Oh, sure thing
The EU has finally agreed to lend Ukraine another €90 billion.
EU and UK explore British role in €90 billion Ukraine loan
The European Union has held talks with Britain about London joining its €90 billion loan to Ukraine, a move officials said would deepen defence industrial ties…
UK ‘must pay €1.6bn per year’ to access Single Market, says EU
The European Union has told British Prime Minister Keir Starmer that the UK must make annual payments of approximately £1 billion (€1.
Azerbaijan cuts ties with European Parliament as Brussels’ energy realism holds
Azerbaijan suspended institutional co-operation with the European Parliament on May 1, accusing Brussels of interference in its sovereignty over Nagorno-Karabakh.
Brussels admits it does not know how much fuel Europe holds
European Commission President Ursula von der Leyen has said the conflict was costing the EU nearly €500 million a day in higher energy costs.
University of Vienna cancels award for famous mathematician due to his criticism of gender studies and climate change
The University of Vienna in Austria has abruptly cancelled an award ceremony for one of the country’s most prominent authors and mathematicians, Rudolf Taschner.
French economy records zero growth in first quarter
France's economy recorded zero growth in the first quarter of this year due to "sluggish" domestic demand and a "strongly" negative contribution from foreign trade,…
Belgium takes over entire nuclear fleet from Engie in surprise move
In a dramatic policy shift that marks the final nail in the coffin of Belgium’s long-standing nuclear phase-out, the federal government has announced plans to…
‘Total failure’: Leading economists tear into German federal budget
Several high-ranking German economists have expressed scorn and criticism of Germany’s federal budget plan for 2026 to 2030.
Ukraine and Israel clash over Russian shipments of ‘stolen’ Ukrainian grain
A sharp diplomatic row has erupted between Ukraine and Israel after Kyiv accused Jerusalem of allowing the import of grain it claims was stolen by Russia from occupied…
European Parliament demands €2.2 trillion EU budget as it outbids EC proposal
The European Parliament has dramatically escalated its demands for the European Union’s next long-term budget, calling for a €2.
Germany slashes welfare state to fund rearmament
Merz has stated that the state pension will be reformed into what he described as “basic cover” for old age and will no longer be sufficient to maintain living…
Sweden warns of potential jet fuel shortage
Sweden's government warned today of a potential jet fuel shortage in the Scandinavian country due to supply disruptions caused by the Middle East war and the closure…
Spain’s housing market shifts from single-home ownership to wealth accumulation
Spanish society is slowly splitting into two groups: Those who own everything and those who own nothing.
Spain marks one year since Europe’s worst blackout in decades as accountability remains elusive
At 12:33 on April 28, 2025, the power systems of mainland Spain and Portugal collapsed simultaneously.
EU auditors warn budget reform does not guarantee better spending
The European Court of Auditors (ECA) has warned that the European Commission's proposed overhaul of the EU's next long-term budget does not, on its own, guarantee…
EU now promises emergency farm aid after years of policies that pushed up costs
The European Commission has announced it is preparing urgent support measures for farmers across the bloc — after years of green regulations and energy policies…
Going Greek style? A brief note on Poland’s shocking budget deficit
Poland is around the EU average in terms of public debt-to-GDP.
City of Hamburg spent almost €600 million to house asylum seekers in hotels
The city administration of Hamburg has spent €593 million between 2022 and 2025 to pay for hotel rooms for asylum seekers.
BP and TotalEnergies propose delay to German offshore wind expansion, citing ‘wake’ effects
Energy multinationals BP and TotalEnergies, major investors in Germany’s North Sea offshore wind sector, are seeking to slow the pace of future auctions and capacity…
Italy’s Dep PM Salvini urges EU fiscal flexibility amid rising energy costs and inflation
Italian Deputy Prime Minister Matteo Salvini has renewed his call for the European Union to ease fiscal constraints, arguing that current budget rules limit governments’…
China vows countermeasures if EU enacts ‘Made in Europe’ plan
Beijing slammed on today an EU plan aimed to bolster the bloc's industries against fierce competition from China, vowing countermeasures if it is enacted.
Poland to take EU Mercosur trade deal to the ECJ
Poland has announced plans to file a legal challenge at the European Court of Justice (ECJ) against the European Union’s trade agreement with South America.
Poland’s budget deficit continues to rocket, now second-highest in EU
Poland has recorded the European Union’s second-largest budget deficit when compared with the size of its economy, raising fresh concerns over the country’s…
Trump threatens UK with ‘big tariff’ over digital services tax
US President Donald Trump has warned Britain that he will impose a “big tariff” on the United Kingdom unless it scraps its Digital Services Tax, which he says…