Switzerland’s biggest bank UBS threatens to shift HQ to US
Switzerland’s biggest bank says new rules at home could push it abroad.
Economy
Latest reporting and analysis on economy.
German SDP wants to jack up estate taxes for families
Germany’s Social Democratic Party (SPD) is pushing for more tax revenue from estate taxes.
Ford to slash 1,000 jobs in Cologne due to weak electric car demand
Ford Motor Company has announced plans to cut 1,000 jobs at its Cologne plant in Germany, with the reductions set to begin in early 2026.
Russia plans 38 new nuclear reactors, meanwhile Germany goes ‘green’
Russia has announced plans for a major buildout of its nuclear energy capacity.
Belgium last EU country to end lifetime entitlement to unemployment benefit
Belgium has put an end to unlimited unemployment benefit.
Renewed euro crisis? French debt at €3.3 trillion must be focusing minds in Frankfurt
Engineers know that system stability requires a capacity to manage unexpected accidents.
Netherlands to end ‘perverse’ carbon emission tax
The Dutch caretaker government is preparing to dismantle its controversial carbon emissions tax on major industrial companies, using a legal workaround to avoid…
De-throne Von der Leyen: Will Left and Right support each other’s confidence motions?
Two censure bids landed within hours of European Commission President Ursula von der Leyen’s State of the Union speech.
EC quietly downgrades Green Deal
The European Commission has quietly scaled back parts of its flagship Green Deal, softening the emphasis on climate targets as political and economic pressures mount.
‘Possibly politically motivated’ arson attack leaves 20,000 Berliners without electricity
Thousands of households in the German capital Berlin have been left without electricity following an arson attack.
Oversaturated Spanish electricity grid ‘threatens industrial development’, report says
Spain's Association of Electric Power Companies (Aelec) warned that most of the country's power grid is saturated, hindering the economic development of the nation.
Flirting with the guillotine: France’s fiasco threatens the EU as we know it
France’s political stage, once a grand théâtre of Molière’s wit, now plays a tragedy.
ECB ‘could intervene amid financial instability in France’
The European Central Bank (ECB) might have to intervene in France following the fall of prime minister François Bayrou because political instability is worsening…
German Socialists want to abolish ‘outdated’ tax advantages for married couples
Germany’s Social Democratic Party (SPD) is pushing for an end to a regulation that lowers the tax burden on married couples.
Poland’s financial rating questioned as result of hole in public finances
The Fitch ratings agency has revised Poland's outlook to "negative" from "stable" citing growing risks to public finances.
Volkswagen has ‘lost billions’ due to US tariffs
Volkswagen's chief executive Oliver Blume has said that US tariffs were hurting his company, calling the deal between the European Union and US "asymmetric".
EC wants closer ties with ‘natural ally’ Brazil
The European Commission is pushing to deepen relations with Brazil, presenting the country as a “natural partner” while fast-tracking trade and data agreements…
Europe confuses symbolic gestures on energy with strategic effectiveness
The most striking example of Western strategic confusion lies in energy policy.
Denmark’s Ørsted sues Trump administration over wind farm halt order
Danish company Ørsted has taken legal action against the US Government, demanding to be allowed to finish a $1.5 billion (€1.28 billion) wind farm in the Atlantic.
Europe ‘risks being outpaced by India’
Europe risks being left behind by India after being outpaced by China, conference-goers heard on September 3.
UK oil giant Shell abandons huge Rotterdam biofuels plant construction
British oil giant Shell is to abandon the construction of one of Europe's largest biofuel plants in the Netherlands, as it focuses on its fossil fuels business.
Peace could save European economy — so why are EU leaders sabotaging it?
Europe’s economies suffer under the Ukraine war’s weight, yet Europe's leaders cling to conflict over peace.
Trump: ‘No, I am not dead, it’s fake news’
US President Donald Trump dismissed social media rumours that he had died as "fake news" during a press conference at the White House.
Slovakian PM snubs EU with Putin meeting
Slovak Prime Minister Robert Fico is to meet President Vladimir Putin in China, highlighting Bratislava’s resistance to EU efforts to cut energy ties with Russia.
UK oil and gas output to plunge soon, lobby group warns
The UK’s oil and gas sector has issued its starkest warning yet, cautioning that the North Sea could be “wiped out within years” as a source unless the government…
Nothing simple or cheap about the ‘friction, energy and violence’ of wind power
The answer lies in the word: mill, from the Latin word, molinun, grind. Its essence is friction, energy and violence, as in the word maelstrom.
EU tries to shake off Trump threats on tech regulation
The European Union will keep enforcing its tech regulations across the bloc despite threats from US President Donald Trump, according to Henna Virkkunen, vice-president…
AI ethical breaches skyrocket, new reports show
New reports into the rise of artificial intelligence (AI) showed incidents linked to ethical breaches have more than doubled in just two years.
‘China still not addressing its domestic demand crisis,’ reports show
China has introduced another set of measures meant to keep its economy moving.
ECB President talks of ‘worrying risk’ if France ‘collapses’
European Central Bank (ECB) President Christine Lagarde has warned that the collapse of French Prime Minister François Bayrou’s government would pose a “worrying…