German nuclear group files complaint against public broadcaster for inflating atom costs and cheapening wind
Nuklearia e.V. said NDR presented the project as if Warsaw were spending about €45 billion on something a wind park could do for €5 billion.
Economy
Latest reporting and analysis on economy.
Google eases EU spam rules on publisher sites after Brussels probe
The company said the change would take effect on August 30, covering the 27 EU member states plus Iceland, Norway and Liechtenstein.
German industry pushes Merz towards a harder China line
For years the Federation of German Industries (BDI) and the big car, chemical and machinery groups treated China as a market first and a rival second.
US exposes Italy-based tech collective used by violent far-left groups and terrorists
Secretary of State Marco Rubio said far-left terrorism was “a profound threat to the United States and the broader West”.
Meta settles US child-safety claims for up to €15.5 billion
The deal resolves litigation originally filed by 29 states in 2023 and later joined by additional states and territories.
Nepal flood death toll climbs as hundreds remain missing, among them scores of Europeans
Ukraine reports the largest European group unaccounted for as Brussels activates its Copernicus satellite service and Nepali police warn the toll will rise significantly.
Schnabel says ECB must raise rates further to contain inflation
"At the current policy rate, inflation is unlikely to return to target over the medium term, and therefore further tightening will be necessary".
Trump sends Saudi nuclear deal to Congress and keeps Israel condition
The US President has submitted the civil nuclear pact for review while insisting Riyadh must first normalise relations with Israel.
Saudi Arabia to invest €6 billion in three theme parks near Paris
Including one widely reported to be inspired by the Japanese manga and anime franchise Dragon Ball Z.
Draghi’s new group on European sovereignty opens with Swiss HQ, US tech and failed AI hedge fund
Day-to-day direction falls to Luis Garicano, a Spanish economist at the London School of Economics and a former MEP, who is listed as executive director.
Bessent targets French, Swiss and British firms in sweeping Iran sanctions
Nearly 60 entities, individuals and vessels have been designated as Washington opens what it calls Operation Economic Outcast.
Norway rejects EU Arctic drilling ban and ditches ‘green battery’ role
The concept, once promoted by Norwegian officials to justify new interconnectors with Britain and Germany.
Leading German corporations demand immediate implementation of reforms
They called for the burden to be reduced on a sustainable basis, describing further increases as unacceptable for businesses and employees.
French PM admits few ministries meet cyber standards after large hacks
A detailed proposal for the unit's organisation, rules of engagement, resources and leadership is required by August 21.
Premium
European banks raid Wall Street to close the investment banking gap
Barclays recruited Bank of America's Mike Joo to co-lead its investment bank, the latest senior hire from a US rival by a European lender that has been losing ground…
Belgian and French 10-year yields climb above key thresholds as fiscal pressures mount
The increases form part of a broader rise in eurozone long-term rates. The French benchmark first crossed 4 per cent on July 23.
Premium
They leak twice: Tusk government unaware for two years of data breach affecting 19 million Poles
He said that "we are dealing with an extraordinary and very large incident in terms of the security of Poland's information sphere".
Lagarde says Europe cannot afford to miss AI as its growth model erodes
The European Central Bank chief told business leaders in Geneva that fragmented markets and fragmented finance are stopping European firms from reaching global size.
Commission tells member states to ignore its own new packaging rules and skip penalties
The regulation was negotiated under the 2019-2024 European Parliament, where a Green Deal-supporting majority held sway, and was adopted on December 19, 2024.
Phone numbers of UK ministers surface online after Burnham impersonation scam
The details of three cabinet ministers were found listed on the internet days after the Prime Minister exchanged texts with someone posing as a senior White House…
Virgin Trains wins UK approval to challenge Eurostar’s cross-Channel monopoly
The British rail regulator has cleared up to 20 daily return services between London and Paris, Brussels or Amsterdam from 2030.
Greece plans to repay about €13 billion of debt early in 2026
Officials at the Ministry of National Economy and Finance said the early repayments would send a signal of prudence to European institutions, rating agencies and…
Elon Musk says X will make government censorship requests clearly visible
Users will be informed when a government authority seeks the removal of a specific post or the restriction of an account.
Attal calls for referendum after French court strikes down under-15 social media ban
The Constitutional Council found that Article 1 of the law, adopted by parliament on July 21, constituted "an infringement that is neither appropriate, necessary,…
Coal falls to a record low in EU electricity as grid costs and taxes keep bills high
Eurostat figures show the fuel now generates less than a tenth of the bloc's power, though the retreat has not delivered cheaper electricity for consumers.
US accuses EU and member states of helping China evade tariffs
The report states that the alleged transshipment risk is "embedded within broad legitimate trade flows".
Spain records Europe’s steepest fall in young people living independently
Fewer than a third of Spaniards aged 18 to 34 now live without financial help from their parents, against roughly half across the European Union.
‘The financial crisis is inevitable’, warns former French PM François Bayrou
"Next year, the totality of income tax paid by the French will not suffice to pay the totality of the interest on the debt.
Eclipse strips up to 9.7GW from Europe’s solar-heavy grids
The company offered customers who cut consumption an hour of free electricity as a reward, capped at 16kWh.
Premium
Bluesky’s active user base halves as the post-election exodus fades
The decline is sharper still when measured against the platform's late-2024 peak.