Portugal’s largest unsubsidised solar park enters insolvency
The business model has become increasingly challenging as solar generation has expanded rapidly across the Iberian electricity market.
Economy
Latest reporting and analysis on economy.
EU suspends Brazilian meat and honey imports over antimicrobial rules
The measure took effect on Thursday, following a decision adopted by the European Commission earlier this year.
Brussels keeps Morocco migration funding on course despite Ceuta breach
The European Commission has called Rabat a strategic partner and confirmed further money for border work, five weeks after tens of thousands crossed into the Spanish…
EU faces new Trump tariffs over Big Tech fines, Britain is spared
The procedure lets Washington impose duties if it finds foreign practices "unreasonable or discriminatory".
Turkey plans to expand nuclear co-operation with Russia
Erdoğan said Ankara would consider raising its relationship with the organisation to a higher level.
Explosives found at German coal-plant substation in apparent attack
The installation, at Turnow-Preilack in the Spree-Neiße district, is a 380-kilovolt node in the extra-high-voltage network.
Brussels designates ChatGPT, Reddit and Roblox under Digital Services Act
The European Commission gains investigative powers over how the services work. Fines for serious breaches can reach 6 per cent of worldwide annual turnover.
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Tusk defunds top court in 2027 Polish record deficit budget
The projected deficit leaves Poland under continued pressure to bring its public finances into line with EU fiscal rules.
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.
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.
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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…
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.
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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…