Russia takes over assets of Polish-US packaging giant
Russia’s authorities have taken control of Polish-US aluminium packaging company Canpack operations in Russia as well as Danish insulation giant Rockwool.
Economy
Latest reporting and analysis on economy.
German tax revenue jumps to €1bn record high as economy languishes
The combined tax income of Germany’s federal administration, its states and municipalities surpassed the mark of €1 billion for the first time ever last year,…
Germany’s shut down of nuclear plants a ‘huge mistake’, says Merz
Germany’s decision to shut down all its nuclear power plants was a “huge mistake” and has come at a high cost to the economy, Chancellor Friedrich Merz said…
Russian energy ban depends on EU members’ choices not EC, says Energy Commisisoner
European Commissioner for Energy and Housing Dan Jørgensen said European Union nations — not the EC — ultimately hold the power to stop buying Russian energy.
EU replaces China EV tariffs with a ‘price floor’. Who benefits?
Replacing tariffs on Chinese electric vehicles (EVs) with a minimum price system would lower consumer prices while raising margins of European manufacturers and…
Central bank chiefs voice ‘full solidarity’ with US Fed, Powell
The heads of major central banks have thrown their support behind the US Federal Reserve and its chairman Jerome Powell, saying in a joint statement Tuesday that…
Mercosur governments say agriculture agreement may need re-negotiating
Despite celebrations and lamenting in the European Union over Brussels’ approval of the bloc’s trade agreement with South American trade group Mercosur, the…
Mercosur is the public humiliation of France
In the wake of the Trump tariffs, European leaders have loudly proclaimed the merits of free trade, often pointing to the stupendous increase in general prosperity…
Kyiv Mayor urges evacuation to find warmth as infrastructure war escalates
Kyiv Mayor Vitali Klitschko has called on residents to temporarily leave the Ukrainian capital for places with alternative sources of electricity and heat.
EU imports of Russian LNG gave Moscow €7.2bn in 2025
European Union imports of Russian liquefied natural gas (LNG) generated an estimated €7.
Turkey’s electric-car sales hit record in 2025, topping several EU countries
Turkey’s electric vehicle (EV) market reached a record level in 2025, with nearly one in six new cars sold being fully electric.
China-EU trade up 5% in 2025, despite disputes
Trade between China and the European Union increased by around 5 per cent in 2025, even as political tensions and regulatory disputes between the two sides continued…
The Berlin blackout eco-terrorists: The armed wing of the Green Deal
Berlin has just been treated to a glimpse of what “net zero” looks like when it stops pretending.
Large company bankruptcies skyrocket in Germany
The number of bankruptcy cases involving big companies in Germany sharply rose in 2025.
Warsaw and Berlin close to agreement on stationing of German forces on Polish soil
A new defence agreement to be signed this year between Poland and Germany is designed to facilitate the stationing of German armed forces on Polish territory.
US leaves 66 ‘anti-American, useless, or wasteful international organisations’
In a sweeping move, the United States has formally withdrawn from 66 international organisations deemed "wasteful, ineffective or harmful" by the US President Donald…
French farmers slam Mercosur safeguards as just ‘crumbs’
French farmers and political voices are criticising the European Union’s proposed safeguards for the Mercosur trade deal, calling them insufficient to protect…
US defence stocks jump after Trump calls for 50 per cent boost in military spending
The shares of US defence contractors have risen to multi-year highs following an announcement by US President Donald Trump that he was demanding a 50 per cent increase…
Farmers in Paris on tractors in protest at Mercosur trade deal
French farmers rolled into Paris on tractors today early in the morning to show of dissent against an EU trade deal with the South American bloc Mercosur they fear…
Under Trump, America is fulfilling its Roman destiny
At long last, in its 250th year, the American Republic has caught up with its explicitly Roman founding model.
US seizes Russia-flagged oil tanker chased to North Atlantic
The United States on Wednesday seized a Russian-flagged oil tanker in the North Atlantic after pursuing it from off the coast of Venezuela, in an operation set to…
German group that claimed to be behind Berlin blackout denies Russian involvement
A left-wing German group that claimed responsibility for an attack on the Berlin power grid has denied allegations that they were cooperating with Russia.
Greenlandic MP says there is ‘no risk’ of annexation by US
There is no risk of the US annexing Greenland, but the island needs the US to monitor possible Chinese and Russian incursions, Kuno Fencker, a pro-independence…
Low salaries, nuclear energy prices keep French inflation lowest in Europe
Inflation in France remains strikingly low compared with the rest of Europe, according to official data released January 6.
German Chancellor warns of ‘very critical’ economic situation
German Chancellor Friedrich Merz issued a stark warning about his country's economy in a New Year's letter to his governing coalition, describing its situation as…
Who will benefit from Venezuelan oil?
The US intervention in Venezuela reopened a question that goes beyond geopolitics: Who stands to gain if the country’s oil sector is revived — and who does not?
France says it will not support EU agriculture policy reform
France will not support a proposed reform of the European Union’s agricultural policy, with its farmers facing a worsening cattle disease outbreak and renewed…
45,000 Berlin households left without electricity for days after Antifa destroys power line
Large areas of Berlin’s Southwest were left without electricity for several days in sub-zero temperatures after an attack claimed by hard-left group Antifa on…
Moody’s lowers city of Budapest’s rating to junk
Ratings agency Moody's downgraded the city of Budapest's credit rating to junk level late Monday, pointing to weak liquidity and an increased default risk amid a…
Eurostar suspends ‘all trains’ to and from London
Eurostar suspended all trains between London, Paris, Amsterdam and Brussels today after a power supply issue in the Channel tunnel, a spokesperson said.