Brussels clears Volkswagen’s bid for sole control of Europcar
The European Commission has waved through the German carmaker's buyout of its partner in the loss-making French rental group as Volkswagen pushes ahead with deep…
Economy
Latest reporting and analysis on economy.
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France accuses Iran’s Revolutionary Guards of sabotaging supermarket fridges in cyberattack
The targeted sabotage forced tonnes of food to be dumped, spoiling millions of euros’ worth of inventory.
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Norway curbs data centre industry
Digitalisation minister Torgeir Micaelsen said the aim was “to gain more control over the growth of data centres, and ensure that we get the data centres we actually…
Shein pours €500 million into Polish logistics hub amid EU regulatory scrutiny
The expansion aims to solidify the retailer's fulfilment capabilities across the European single market, promising delivery times as short as 48 hours in select…
Eurozone ministers weigh two-horse race to succeed Lagarde at the ECB
The Netherlands' Klaas Knot and Spain's Pablo Hernández de Cos are the sole contenders, as EU leaders seek to fill the post before France goes to the polls.
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EU budget plan shields farmers and makes competitiveness pay for the cut
The Irish presidency’s compromise trimmed €141 billion from the Commission’s proposal, though net contributors still found it too big and none of the proposed…
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KLM to cut 5,000 positions as CEO warns airline’s future ‘not guaranteed’
The overhaul aims to deliver an annual financial improvement of €1 billion by 2028.
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Dutch nitrogen plans could shutter up to 30 per cent of livestock farms
“Society is asking farmers through this policy: reduce your emissions,” said Petra Berkhout, project leader at WSER.
Brussels bets on chip designers after Chips Act misses production target
The European Commission has put €525 million behind a new design platform for start-ups in a sector where EU firms earn less than 1 per cent of global revenue.
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German employers warn 300,000 more industrial jobs at risk amid deindustrialisation fears
“Given the underutilisation of capacity, a further 300,000 jobs are at risk in the metal and electrical industry alone over the next two to three years,” Zander…
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French bank Crédit Mutuel Arkéa confirms cyber attack as investigator claims €118 million stolen
Cryptocurrencies are increasingly being used to make quick payments and transfers at a lower cost, avoiding market fluctuations.
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Binance shares details of €5.7 billion crypto heist
The case highlights that even well-resourced crypto conglomerates remain vulnerable to basic endpoint intrusions and workforce phishing schemes.
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Google’s Gemini chatbot may breach EU copyright laws
The advisory opinion stems from a case brought before Hungarian courts by website operator Like Company against Google Ireland, part of the Alphabet group.
Most jobless single mothers in Spain depend on aid to get by
Many would take undeclared work and say family duties have cost them job offers, according to a survey by the Adecco Foundation.
Eurogroup opens nominations to succeed Lagarde at the ECB
Eurozone finance ministers are due to weigh the names on November 9, with three of the six seats at the top of the central bank now in play.
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Hamburg freezes new major power grid connections as capacity runs out
Existing connections, households and ordinary businesses are not affected.
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France’s Socialists push through per-gigabyte internet tax by one vote
During budget debates in the Palais Bourbon, an amendment introduced by the Socialist parliamentary group passed through the National Assembly.
Canary island of La Palma loses all power again
More than 50,000 customers have been left in the dark after the island's ageing power station disconnected from its grid, 17 months after a similar collapse.
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Audi profit plunges 87 per cent as China slump and US tariffs bite
Deliveries in China, including Hong Kong, fell 24.5 per cent to 328,042 vehicles over the first nine months, according to company figures.
Brussels freezes national social media bans for children
Austria's plan is the first to be halted as the EC tells member states to wait for its own 'Kids Act' to clear negotiations.
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North Korean hackers steal €5.85 billion from Binance
Investigators attribute the breach to TraderTraitor, an elite cyber warfare unit operating under Pyongyang’s state intelligence apparatus.
Le Pen pledges to bring back oil exploration in France
The National Rally candidate has said she would scrap a 2017 ban on new oil and gas permits as fuel prices across the EU remain high.
ECB holds rates despite inflation alarm as Lagarde prepares early exit
The pause came hours after Christine Lagarde announced she would leave the bank in February, three months after vowing to stay at the helm through the storm.
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Italy approves 2027 budget with tax rises on banks, insurers and energy firms
This is the last full budget under Meloni, and her fifth, before national elections due next year.
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Volkswagen posts nearly €6 billion net loss in third quarter of 2026
The result was driven primarily by special items of about €7.8 billion booked in the quarter.
Lagarde announces early ECB exit as succession race opens
The former IMF chief is to leave the European Central Bank on February 7, 2027, nearly nine months before her eight-year term was due to end.
India and Europe accelerate trade ties but investment remains the big unknown
One year after the EFTA agreement came into force, India is attracting new European business projects while Brussels prepares its own free trade deal.
Brussels risks fuelling black market boom with novel nicotine crackdown, industry and customs officials warn
The Euromonitor study, covering 24 member states, revealed sharp divergences depending on national regulatory choices.
Spain funds foreign railways as its own network suffers a second fatal crash
The largest individual allocation involves a €754.3 million credit package cleared for Morocco’s state rail company ONCF.
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Almost 30 per cent of machines in Belgian factories sit idle amid industrial malaise
The figures mean 27 per cent of all production equipment across the country is currently inactive, a level not recorded since April 2020.