Suicide and ‘insider trade gain’ rock crypto scene as flash crash bankrupts thousands
The sudden drop in price of cryptocurrencies such as Bitcoin and Ethereum has shaken markets and reportedly bankrupted thousands of crypto investors.
Economy
Latest reporting and analysis on economy.
Left-wing radicals attack Belgian company that ‘delivers to Israel’
Activists with the climate collective Code Rood (Code Red) and others have targeted a steel factory in the Belgian city of Charleroi because it delivered steel to…
Trump suggests Spain be expelled from NATO over low defense spending
President Donald Trump suggested on October 9 that Spain be expelled from NATO over its failure to match the higher defense spending requirement he has engineered.
No markets: EU steel industry with 300,000 workers stands at the brink
Robert Conquest once observed that everyone is conservative about what they know best.
Spain at urgent risk of new blackout, grid operator warns
Spain's grid operator, Red Eléctrica (REE), has issued a fresh alert to the National Commission on Markets and Competition (CNMC) about "abrupt voltage variations"…
European auditors warn of ongoing EU spending errors and rising debt
The European Court of Auditors (ECA) has again raised concerns over European Union spending.
European carmakers abandoning the EV race?
The European Automobile Manufacturers' Association (ACEA) is asking the European Union to lower its car CO₂ reduction targets when legislation is reviewed later…
‘Simpler’ EU sustainability rules spark confusion
The European Commission says it is simplifying reporting rules, but the industry says it is making them more complicated.
Brussels is turning national electrical blackouts into power grabs
Five months since the lights went out on the Iberian Peninsula, Brussels has finally rendered its judgment.
German industrial output again drops steeply, “another severe blow to the economy”
August saw the sharpest decline in German industrial production since the outbreak of the war in Ukraine in 2022.
EU risks ‘reigniting US trade tensions’ to save a steel industry ‘on verge of collapse’
The European Union is doubling tariffs on steel imports that exceed its new proposed lower quota.
Work until 73 to save pension system, German experts warn
According to the German Council of Economic Experts, the retirement age should be raised to 73 to keep the country's social security system from collapsing.
Swedish Government pauses debt office’s ‘green’ guarantees for 2026
Sweden is pulling its guarantees for "green" credits in 2026, only limiting itself to already signed agreements.
Brussels sells out Europe’s tobacco farmers and their 80,000 jobs to Beijing
The mask is off.
Spanish PM Sánchez tries to sell climate change spending as security investment
Spanish Prime Minister Pedro Sánchez is seeking to classify climate change spending, along with the management of emergencies and natural disasters, as defence…
No sign of EU reducing dependency on Russian LNG
Moscow’s tax take from the Yamal LNG project has constantly increased since Russia invaded Ukraine in 2022 despite claims that Europe has diversified away from…
More EU defence, but where is the money?
The European Union’s schoolmarm in chief, Ursula von der Leyen, has called her unruly charges together this week in Copenhagen, where she will rap knuckles and…
Poland detains Ukrainian wanted for allegedly blowing up Nord Stream pipelines
A Ukrainian has been detained in Poland in connection with the 2022 Nord Stream gas pipelines explosions.
Stellantis cut 10,000 jobs in Italy, amid broader factory shutdowns
Automaker Stellantis has cut 10,000 jobs in Italy over the last four years, continuing a wave of workforce reductions in industries across the European economy.
‘New EU tariffs on Asian steel will not fix problems at home,’ experts say
The European Union has announced a series of tariffs on steel coming from Asian countries, after the industry has been asking for support for months.
‘Outrageous’: Germany spends record €12 billion on climate protection abroad
Germany has contributed the record sum of € 11.8 billion for the fight against climate change in other countries last year.
Zurich bans petrol leaf-blowers – a European first
Keeping with the Swiss passion for peace and quiet the citizens of Zurich, Switzerland’s largest city, have voted in favour of banning petrol-powered leaf blowers.
Industrial giant Bosch shocks Germany with plans to cut 13,000 jobs
The Bosch group, one of Germany’s leading industrial players, has announced a far-reaching job cut programme.
Danish job market in green energy predicted to see big decline
Denmark’s "green" transition is facing a severe slowdown that threatens both jobs and investment.
Ukraine drone strikes force Russia to impose fuel export ban
Drone strikes on Russian refineries have forced Russian authorities to introduce a partial ban on diesel exports until the end of the year.
What did the UK get from Brexit? Here are 75 benefits of independence
One of the common cries from unreconciled Remainers in Britain is: “Can you give me just one benefit of Brexit?
Drug tariffs would create ‘worst of all worlds’: Europe pharma group
A European pharmaceutical industry group warned Friday that tariffs on medicines "would create the worst of all worlds", after US President Donald Trump announced…
ECB U-turn: Defence spending ‘now good for growth’
Defence spending can help growth if done correctly, according to the European Central Bank (ECB).
German political heavyweight warns of ‘loss of entire industries’ due to climate targets
A senior German politician has sounded the alarm about what he said would be the catastrophic effects of current climate policy on Germany’s industrial backbone.
Paris debt spiralling out of control, says auditors’ report
A new report by the Court of Auditors has eviscerated the Paris city management over the French capital's financial straits.