Economic expert dismantles EU’s industrial policy of ‘picking winners and losers’
Jonas Grafström, an economic researcher and visiting fellow at the Oxford Institute for Energy Studies, has written a highly critical report on the European Union's…
Economy
Latest reporting and analysis on economy.
High-born French and low-born Italians against Chinese Commies: car wars
European car companies are locked in an increasingly bitter struggle to maintain profits and market share amid a secular downturn in sales of internal combustion…
Turkish construction companies rally on expectations of Syria rebuild boost
Shares in Turkish construction and cement companies surged on December 9, buoyed by expectations they will benefit from rebuilding in Syria after rebels overthrew President…
France claims ‘EC chief betrays European farmers’ with EU-Mercosur
French farmers view the European Union-Mercosur trade deal, endorsed by European Commission President Ursula von der Leyen, as a "betrayal" of European agricultural…
French hard-left chief brands Trump a ‘threat’, accuses US of ‘economic imperialism’ via NATO
French leader of the hard-left La France Insoumise (LFI) party Jean-Luc Mélenchon has criticised US President-elect Donald Trump, describing him as "a threat" and…
Greta Thunberg: ‘Fuck Germany! And fuck Israel!’
Swedish climate activist Greta Thunberg has been filmed laughing and talking to a crowd, shouting at one point, "Fuck Germany! And fuck Israel!
Tension between Brussels and airlines over cabin-baggage charges
Apostolos Tzitzikostas, European Commissioner for Sustainable Transport and Tourism, has met with the Spanish Minister of Transport, Óscar Puente, to discuss a…
Largest tender process for offshore wind in Danish history ends in failure
The Danish wind industry has taken a hit after not a single bid was received for tenders for three offshore wind farms in the North Sea.
EC chief von der Leyen in Uruguay to push EU-Mercosur wrap-up amid French opposition
European Commission President Ursula von der Leyen has arrived in Uruguay, signalling a last effort to finalise the long-delayed European Union-Mercosur trade agreement.
Airbus to cut more than 2,000 jobs across Europe, including almost 700 in Germany
Airbus has announced it is cutting more than 2,000 jobs across Europe within its Defence and Space division, citing economic challenges and intensifying competition…
Trump can make world energy prices tumble, hitting Putin hard
A negotiated peace between Russia and Ukraine shortly after Donald Trump takes office in January of 2025 seems more and more likely.
UK pays £1 billion to turn off wind farms
Problems and difficulties in managing the electric grid have forced the UK government to spend £1 billion (€1.21 billion) so far this year to cut wind farm output.
ECB’s Lagarde sees weak growth, dominated by downside risks
Eurozone economic growth could be weaker in the months ahead and the medium-term outlook is uncertain with downside risks dominating, European Central Bank President…
Germany to see weakest growth of all industrialised countries in 2025, says OECD
Germany, traditionally the engine of the European economy, will have the weakest growth of all industrialised countries in 2025, the Organisation for Economic Co-operation…
EC to pump a further €1bn into ‘green’ battery tech despite Northvolt implosion
The European Commission has announced it will be pumping more cash into electric vehicle battery technology despite losing hundreds of millions on the now-bankrupt…
In France the helicopter air-drops of fresh cash are over
In one of his Letters from Paris published many years ago in the New Yorker, Adam Gopnik observed that the French suffer from what he called a “White Helicopter”…
Nuclear power-plant operator claims German phase-out was ‘politically motivated’
Nuclear power plant managers have challenged Green Vice-Chancellor Robert Habeck's assertions about the need for Germany's nuclear phase-out.
Stellantis CEO Carlos Tavares abruptly quits as sales falter
Stellantis Chief Executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost…
Stockholm county ditches ban on petrol cars
After companies operating in Stockholm appealed the planned petrol car ban, the County Administrative Board (CAB) for the county of Stockholm has decided to block…
International court to begin hearings that may shape global climate litigation
The United Nations' top court next week begins hearings on the legal obligation of countries to fight climate change and the consequences for states of contributing…
Europe’s biggest motorbike producer faces insolvency
KTM, the Austrian motorcycle manufacturer, is facing insolvency and will apply for restructuring in accordance with the Austrian Insolvency Act.
French and German interest rates spread highest in more than a decade
International markets appear to be increasingly weary of potential political instability in France, pushing up interest rates.
EU to focus on ‘decarbonisation’ to become competitive with US, China
The European Union will focus on the "decarbonisation" of its economy in an effort to make itself competitive with the US and China, the bloc's top civil servant…
‘Secret letter’ reveals German Greens minister asked France for nuclear energy support
Feathers have been ruffled by the unearthing of a secret letter from the German Vice-Chancellor and Greens party member Robert Habeck to the then-French energy minister…
Carrefour apologises following Brazilian fury over EU-Mercosur deal snub
French supermarket giant Carrefour has been fending off the fury of Brazilian farmers after its CEO Alexandre Bompard publicly criticised the proposed European Union-Mercosur…
Polish Government rejects EU-Mercosur trade deal
The Polish Government has adopted a resolution committing it to opposing the free trade agreement between the European Union and Mercosur, the region consisting…
EU taxpayers set to lose more than €300 million over ‘green’ darling Northvolt’s bankruptcy
Any bankruptcy of Swedish battery developer and manufacturer Northvolt is set to cost the European taxpayer a hefty sum.
Steel giant ArcelorMittal backs out of ‘green’ projects with industry’s future at risk
Luxembourg-based multinational steel manufacturer ArcelorMittal said it was delaying big investment programmes in Europe, citing uncertainties over European Union…
Von der Leyen hires top Greens member as climate ‘advisor,’ gets mixed reaction in Brussels
European Commission President Ursula von der Leyen has hired a former top politician within the Greens/EFA group in the European Parliament to advise her on climate…
EU signs another climate deal as US eyes fossil-fuel renaissance
The European Union has signed another global climate-change deal just as the US eyes up a fossil-fuel renaissance.