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".
Economy
Latest reporting and analysis on economy.
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.
‘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…
Judge sides with XR activist-vandals against Schiphol Airport over demonstrations
Amsterdam's Schiphol Airport was not allowed to ban radical climate-change activists with Extinction Rebellion (XR), a Dutch judge ruled, which allowed them to target…
British wind farm paid to discard half its generated power
Half of the power generated by one of Britain’s largest wind farms was discarded in 2024 yet it was still paid millions for electricity that never reached a single…
Polish energy giant Orlen to build Europe’s first small modular nuclear reactor
Polish State energy conglomerate Orlen has agreed with Synthos Green Energy, owned by Poland’s richest man, to build the country’s first small modular nuclear…
German unemployment tops 3 million for first time since 2015
For the first time in 10 years more than 3 million Germans are without a job.
Small tax, big ripple: Ryanair to stop expansion in Belgium
Low-cost airline Ryanair said it will end its growth plans in Belgium after the country hiked its aviation tax from €2 to €5 per flight.
Polish president Nawrocki and PM Tusk joust over rising public debt
Poland’s president Karol Nawrocki and prime minister Donald Tusk have clashed publicly during a meeting of the Cabinet Council over the government’s record on…
Calls for inquiry into Germany’s Habeck over failed green projects
German Christian Democrats have called for a committee of inquiry into the former Green Federal Minister of Economics, Robert Habeck, for "wasting billions of taxpayer's…
What negotiations? Top EU trade official admits caving in to Trump
The European Union’s Director-General for Trade has admitted the US steamrollered the bloc during this summer's controversial trans-Atlantic trade negotiations.
German Chancellor Merz: ‘Welfare state can no longer be financed’
German Chancellor Friederich Merz has warned that his country's economy is no longer capable of financing its welfare state.
Zelensky chuckles at attacks on key Hungarian oil pipeline
Ukrainian President Volodymyr Zelensky could not hold back a chuckle during a press conference after a journalist asked about bombing a Russian Druzhba pipeline…
Addressing DMA and DSA issues would aid EU and US, say tech players
Telecom and tech companies have urged Brussels and Washington to tackle long-standing regulatory barriers after a common declaration was published on August 21 setting…
High prices and poor routes puts train travel behind flying in Europe
Travelling by train in Europe is still struggling to compete with flying, with tickets often more expensive than budget airlines and journeys less direct and harder…
Sweden moves ahead on plan for new nuclear power plants
The Swedish State power company Vattenfall has announced that it selected candidates for the planned construction of a series of small modular reactors (SMR).
Pressure on Merz as Trump tariffs hit German economy
Germany’s economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor…
Hungary is right: Ukraine should not join the EU
As US President Donald J.
Polish President vetoes bill coupling loosening restrictions on wind turbines with electricity price freeze
Poland’s new President, Karol Nawrocki, has decided to veto legislation backed by the government that would have loosened the restrictions on the construction…
South Koreans pull out of Polish nuclear power project
The South Korean State-owned Korean Hydro & Nuclear Power (KHNP) company revealed it was withdrawing from a nuclear power project in Poland.