Germany turns to Azerbaijan for more gas as Merz signs strategic partnership
Ilham Aliyev has blamed European banks' retreat from fossil fuel lending for limiting how much extra gas Baku can send west.
Economy
Latest reporting and analysis on economy.
Sweden blocks 11 offshore wind farms, approves two
Ministers also greenlit one large onshore wind project, aiming to balance electricity needs with military priorities in strategically sensitive waters.
European Commission fines AliExpress over illegal and unsafe goods
The Chinese platform must submit a plan to fix its systems by October or face a heavier penalty.
European Commission slows carbon cuts and extends free permits for industry
Heavy industry would keep free pollution permits until 2038 under the biggest overhaul of the European Union carbon market since it began in 2005.
‘Made in EU’ password manager shares codebase with Russian State-certified firm
The product originated in Arkhangelsk, northwest Russia, in June 2014, founded by Russians Ilya Garakh and Andrey Pyankov.
Ten EU members demand looser carbon market rules as Commission prepares to give ground
Italy and Poland lead a group with just enough weight to block the reform in the Council of the European Union.
EU orders Google to share search data and open Android to AI rivals
The Commission said the changes are intended to curb Google's market power and ensure fair competition in Europe's digital economy.
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Poland starts construction of deepwater Baltic port to rival Hamburg
The dual-use terminal will be able to handle large ocean-going vessels and is intended to enhance Poland's logistics infrastructure.
Uber launches takeover bid for Germany’s Delivery Hero
Uber's cash offer values the Berlin group at $14.8 billion, with Glovo and 13 other markets carved out to a New York investment firm.
US Treasury unveils dollar coin bearing Trump’s image
The gold-coloured piece marks 250 years of American independence and is expected to reach collectors in the autumn.
Brussels accepts X compliance plan after EU board calls it inadequate
Musk's platform has six months to rebuild its advertising archive and open its data to researchers, while it fights the underlying fine in the EU courts.
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US ambassador urges EU to cut regulation, says current model is ‘damaging European consumers’
Andrew Puzder defended the recently negotiated US-EU trade agreement while warning that Europe's biggest economic challenges are largely self-inflicted.
Generative AI use weakens memory and critical thinking
According to a study of 1,222 people by researchers at Carnegie Mellon University, Oxford, MIT and UCLA.
One of Germany’s oldest breweries goes bust after more than 350 years
Eichbaum Brewery, founded in 1679 in the town of Bad Windsheim in Bavaria, announced that it will cease production later this year.
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France idles reactors on cooling rules as Spanish and US plants run right through the heat
EDF took the plants offline to meet French river-discharge rules, not because the reactors could not cope with the heat, while the same technology kept operating…
EU to limit children’s access to social media
The EU plans to implement phased access to social media for children, with recommendations for supervised use under 13, while emphasizing platform safety features…
UK expands online safety rules as watchdog orders Big Tech crackdown on scam adverts
Firms that fail to comply could face fines of up to £18 million (€21.1 million) or 10 per cent of their global annual revenue.
Massive left-leaning bias found with AI models
Only models from xAI’s Grok family sat near the political center. None leaned to the Conservative side.
Brussels charges Meta over ‘addictive’ design of Instagram and Facebook
"Protecting the physical and mental health of Europeans must be a priority for social media platforms".
Volkswagen to slash model range in half, cut production by 10 per cent
The move is part of a broader far ranging cost-cutting and efficiency drive as the group confronts a sharp downturn in its core European and Chinese markets.
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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German company bankruptcies highest in over two decades
In the April-to-June period, there were 4,996 insolvencies of partnerships and corporations.
Russia bans diesel exports after Ukrainian strikes on refineries
Shipments made under pre-existing intergovernmental agreements, including a supply deal with Mongolia, are exempt.
Spain pushes vast new joint borrowing plan, setting up clash with northern states
The Commission would centralise part of the funding programmes now run separately by national treasuries, issuing bonds and passing the proceeds back to participating…
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Poland lobbies for NATO pipeline extension to cover eastern flank
"The dual-use nature of pipelines provides the opportunity to build security for NATO's entire eastern flank, so this is also an opportunity for me and all of central…
Gazprom accuses Ukraine of drone attack on gas pipeline to Turkey during NATO summit
The company said that unmanned aerial vehicles hit the Krasnodarskaya compressor station in Russia's Krasnodar region on the evening of July 7.
Dutch prosecutors bring criminal charges against Tata Steel over harmful emissions
The Public Prosecution Service says its investigation found sufficient grounds to take the steelmaker to court over emissions near its IJmuiden plant.
Saxony to dismantle €10 million wind turbine because ‘it’s noisy’
Being almost 170m high, it is the biggest wind turbine in Saxony, supplying periodic energy to around 5,000 households.
Trump vows to halt ‘all trade’ with Spain
The country is the only NATO member not to have committed to spending 5 per cent of its gross domestic product on defence by 2035.
Germany to borrow more than €800bn by 2030 for infrastructure and defence
Ministers argue the spending surge is needed to revive the economy after years of weak growth, modernise ageing infrastructure and rapidly strengthen armed forces.