UK borrowing costs rise to highest level since 1998
Five-year yields, which are more sensitive to the outlook for interest rates and inflation, reached their highest since July 2008.
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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…
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…
New EU banking rules put €11 billion in Moroccan remittances at risk
Rabat has settled terms with France and opened talks with the Netherlands and Belgium before the rules bite on January 11, 2027.
Revolut wins French banking licence but ECB curbs loom
The British fintech has gained a second banking base inside the European Union, though supervisors are reported to be preparing limits on what it can sell there.
Parliament clears digital euro talks after right-wing groups force a vote
A third file in the same single currency package, on the legal tender status of euro banknotes and coins, was not contested.
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European Parliament backs digital euro legislation
The European Central Bank has indicated it could be ready to issue the digital euro by 2029 if legislation is finalised this year or next.
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Lobbying in Brussels hits record high amid regulatory overhaul
The report identifies 173 companies and trade associations that each declare annual lobbying budgets of at least €1 million.
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EU member states clash over figures for next long-term budget
Ministers did agree the outline of several new instruments, including a single national and regional plan for each country.
Polish public debt exceeds EU’s 60% GDP limit
The rising debt in Poland has been driven by one of the fastest growing budget deficits in the EU.
ECB raises rates for first time since 2023
From June 17, the deposit facility rate rises to 2.25 per cent, the main refinancing rate to 2.40 per cent and the marginal lending rate to 2.65 per cent.
EU raises €8 billion in bond sale as investor demand tops €160 billion
The sale formed part of a €100 billion funding target set by Brussels for the first half of 2026.
German auto giants face deepening crisis as global rivals pull ahead
The German's challenge is combined by a broader slowdown across the global automotive sector.
Leading German Union wants to take 10 per cent of assets of the ‘super rich’
Germany faces significant budgetary challenges, including high energy costs, defence spending needs, and the costs of the green transition.
Bulgaria faces EU deficit procedure months after joining euro
The country's deficit reached 3.5 per cent of gross domestic product (GDP) last year, above the 3 per cent ceiling set for euro members.
France lands record €93 billion in foreign investment
"This edition of Choose France alone will make it possible to crystallise a record amount of €93 billion in confirmed investments, for more than 15,000 jobs,"…
Croatia’s Vujčić takes over as ECB vice-president
Vujčić has led the Croatian National Bank since 2012 and steered his country into the euro in 2023.
The impossible debt: Europe arrives at the long run Keynes brushed aside
The European Central Bank holds close to 40 per cent of some governments' debt.
German Economic Council slashes growth forecast and warns of soaring social insurance costs
The downgrade is attributed primarily to the economic fallout from the Iran conflict, including sharply higher energy prices.
EU budget: Germany’s contributions could rise by 80 per cent, Belgian PM warns for ‘dizzying’ bill
European Commission President Ursula von der Leyen would like to have more than €2 trillion at her disposal between 2028 and 2034.
Northern EU states reject ‘Friends of Cohesion’ push to expand farm budget and stretch recovery debt repayment
The signatories argued in their statement that the CAP, the Common Fisheries Policy and Cohesion were "the only policies facing cuts in real terms".
IMF urges France to rein in public spending and accelerate fiscal consolidation
In assessment of the country, the Fund noted that France's public spending reached the highest level in the euro area.
Airbus and Air France convicted over 2009 Rio-Paris crash
The Paris Court of Appeal ruled today that the airline and the European aerospace manufacturer were "solely and entirely responsible for the crash of flight AF447".
EU’s Spring 2026 Economic Forecast sees growth down, inflation up
The Commission noted weaker private consumption and investment, compounded by persistent structural problems.
Eurozone business activity shrinks further in May
Business activity in the eurozone contracted further in May, weighed down by weak demand caused by the Middle East war, a key survey showed Thursday.
EU expects to give green light ‘very soon’ on first €90 billion Ukraine loan payment
"The negotiations are going very well. Give us a bit more time and we hope to be able to give the definitive green light on this front very soon".
Shakira wins €60 million tax battle as Spanish court rejects 2011 fraud case
In a statement, the singer said there had "never [been] any fraud" and expressed relief after years of what she called sleepless nights and reputational damage.
Poland’s hydrogen bus push falters on high fuel costs
The city of Rybnik reported that hydrogen fleets were more than three times as costly as diesel and four times as costly as hybrids, the report said.
New book alleges ‘fraud, tax evasion and culture of deception’ at ‘green’ EU darling Northvolt
A new book by award-winning Swedish investigative journalist Gunnar Lindstedt alleges there was a culture of deception, financial mismanagement and regulatory failure…
ECB warns oil shock could force rate hike in June
Alexander Demarco said hopes that the eurozone could ride out the energy spike were "fading" and that he expected the conflict,