EU lifts key sanctions on Syria to aid reconstruction and economic recovery
The European Union has suspended a range of sanctions against Syria, aiming to support the country's economic recovery and reconstruction after nearly 14 years of…
Economy
Latest reporting and analysis on economy.
EC to propose establishing emergency repair fleet for undersea cables
The European Commission has said it would propose boosting surveillance of undersea cables and establishing a fleet of vessels available to repair cables in emergencies.
European Commission drops ‘green’ bias in new EU agriculture programme
In the presentation of its new vision for European Union agriculture and food, the European Commission has announced a notable course correction.
Germany’s Habeck claims climate protection not cause of soaring electricity prices
According to Robert Habeck, German vice chancellor and economy and climate minister, the country's high electricity prices were driven by fossil fuels, not by ideologically-based…
‘Buy, buy, buy!’: Denmark to boost military spending by €6.7bn
Denmark has said it will increase its military budget by a combined 50 billion Danish krone (€6.
Billions of euros in frozen Russian assets not so ‘Russian’, Belgian news outlet says
A large portion of the €258 billion being held in Belgium under Russian sanctions has reportedly been found to belong to Western banks and non-sanctioned individuals…
EU agrees new Russia sanctions targeting metals and ‘shadow fleet’
European Union envoys have agreed on the 16th round of sanctions against Russia, including a ban on primary aluminium imports and the listing of 73 "shadow-fleet"…
German new residential building permits drop to 14-year-low
The number of new building permits in Germany for apartments has dropped by 17 per cent to the lowest level since 2010 - in what was described as “a balance sheet…
EU antitrust chief says Trump has upended Europe-US relations
The EU's competition chief says US President Donald Trump has upended the "trustful relationship" between the United States and Europe, and that Brussels should…
Troubled EU poster child Northvolt has liabilities more than twice as large as assets
Swedish battery developer and manufacturer Northvolt has made massive losses since bankruptcy talks began.
Trump targets EU and others in tariffs threat
US President Donald Trump has tasked his economics team with devising a plan to impose recipricol tariffs on every country that imposed duties on US imports in a…
Porsche plans to cut additional 1,900 jobs by 2029
Carmaker Porsche plans to cut an additional 1,900 jobs across the entire company over the next four years after a programme that has already started was determined…
Fancy a cricket? EU green-lights new insect powder
European supermarkets could soon see a surge in products containing insect-based ingredients.
French cosmetics industry worries it could be targeted in any US-EU trade war
The French cosmetics industry has braced for three potential outcomes as a trade war between the US and the EU looms.
Industry chief contradicts Scholz: ‘German deindustrialisation is real’
Nicole Grünewald, president of the Cologne Chamber of Industry and Commerce (IHK Köln), has dismissed German Chancellor Olaf Scholz's remarks about the state of…
Trump raises tariffs on aluminium, steel imports in latest trade war salvo
U.S.
Explosive: US government’s deep involvement in European journalism
The US government, through the United States Agency for International Development (USAID), has been funnelling millions of dollars into student and professional…
EU and Canada defence spend up by 20% in 2024, says NATO chief Rutte
Defence spending by NATO's European members and Canada was 20 per cent higher in 2024 than the previous year, NATO Secretary-General Mark Rutte said, ahead of a…
German-French firm to turn train factory into tank factory in Eastern Germany
The German-French defence group KNDS has acquired a factory for train wagons in Eastern Germany and will turn it into a production facility for battle tanks and…
China’s Temu, Shein targeted as EU cracks down on ‘unsafe’ e-commerce imports
The European Commission has cracked down on Chinese digital marketplace players Temu and fast-fashion retailer Shein amid a flood of cheap e-commerce imports into…
Norway’s ‘Trump whisperer’ Stoltenberg in as new finance chief, urges US engagement
Former NATO chief Jens Stoltenberg, who has became Norway's new finance minister, said engaging with the administration of US President Donald Trump on trade was…
US reasserting their role as the primary superpower with breathtaking speed
As I have written elsewhere, I have always been suspicious of the idea of an emerging multipolar world order.
‘Western companies make billions selling oil tankers to Russia,’ report claims
Western shipowners have earned billions by selling tankers to Russia’s shadow fleet, helping Moscow circumvent European Union sanctions and keep its war economy…
Tusk tries to seduce Trump with US weapons purchase proposal
Polish Prime Minister Donald Tusk has urged the European Union to stay “united” and respond in a “clear and firm” way to US President Donald Trump’s warning…
New Belgian PM wants to cool EU ‘regulatory fervour’, defend Europe within NATO
New right-wing Belgian Prime Minister Bart De Wever said he wants to cool the European Union's "regulatory fervour" to boost corporate competitiveness and that European Union defences…
Ready for an ‘abomination?’ In American history, tariffs have consequences
American tariffs? Let me tell you about those. Move President Trump’s tariffs to one side for now, we will get back to those in a moment.
German unemployment hits almost 3 million as job market shrinks
Germany’s economy has continued its downward spiral as official figures from the Federal Employment Agency (BA) have revealed almost three million people were…
Trump plays hardball on tariffs, EU plays pretend
There are few things as predictable in global politics as Brussels being caught off guard.
Orsted replaces CEO as offshore wind industry struggles
Orsted Chief Executive Mads Nipper will step down to be replaced by company insider Rasmus Errboe, the world's biggest offshore wind developer said on January 31,…
Hungary PM Orbán threatens EU veto on Russia sanctions over Ukraine gas blockade
Hungarian Prime Minister Viktor Orbán has issued an ultimatum to the European Union.