Germany and UK sign landmark defence pact
A new defence pact between London and Berlin will allow for German warplanes to operate off the coast of Scotland.
Economy
Latest reporting and analysis on economy.
Germany wants to use India’s cheap labour market to reduce reliance on China
Chancellor Olaf Scholz leads a high-level delegation to New Delhi this week, betting that greater access to the vast Indian market can reduce Germany's reliance…
European Parliament approves €35 billion aid for Ukraine from frozen Russian assets
The European Parliament has approved a new macro-finance loan for Ukraine to deal with the effects of the Russian invasion.
Council of Europe funds ‘eco-anxiety handbook’ targeting vulnerable youth
The Council of Europe has funded a handbook aimed at addressing so-called "climate anxiety" in young people.
Serbian president vows never to sanction Russia
Serbian President Aleksandar Vučić has spoken by phone with Russian President Vladimir Putin, promising never to put sanctions on Russia.
Environmentalists hate Western civilisation, so they hate the achievements of Jews
During an interview I once called Greta Thunberg the Meghan Markle of environmentalism, meaning that, like the Duchess of Sussex, the Swedish activist’s media…
Head of German employers’ association warns ‘300,000 industrial jobs at risk’
Stefan Wolf, the head of the German employers’ association Gesamtmetall, has said hundreds of thousands of jobs in the metals and electricals industry are at risk.
Delicious: Dutch are eating more meat despite government veggie push
The Dutch public has increased their meat consumption despite a government attempt to impose a top-down "protein shift" towards no-meat meals.
Airbus to cut up to 2,500 jobs in defence and space, sources say
Airbus plans to cut up to 2,500 posts in its Defence & Space division after spiralling losses on satellite projects, two people familiar with the matter said on…
Don’t block my sun: a new commission that does not overshadow von der Leyen
The new European Commission, pending approval after the November hearings, has been put together by Commission President Ursula von der Leyen with a clear objective:…
Researchers alarmed by China’s grip on EU wind sector
"Becoming a world leader in green technology is one of China’s key strategic objectives...
Germany’s SPD plotting ‘wealth tax’ amid financial problems
Germany's ruling Social Democratic Party (SPD) is plotting the introduction of a wealth tax on assets amidst the country's worsening economic situation, local news…
German government threw €50 million at failed hydrogen train fleet
A prestigious train project in Germany, aimed at introducing a fleet of hydrogen-powered locomotives to the railway system, has fallen flat despite over €50 million…
European Parliament ends free e-vehicle charging
MEPs will from December have to pay to charge their electric cars as part of a European parliament decision to "save energy".
Car wreck? European auto giant Stellantis cleans house at top amid crisis
Multinational vehicle maker Stellantis has replaced several top managers, including CEO Carlos Tavares, after posting dismal results amid the growing economic crisis…
German company insolvencies at highest level since 2010, thousands of jobs affected
Germany has reportedly experienced a near-record number of corporate insolvencies, with a major economics firm warning that insolvencies have hit their highest point…
France’s belt-tightening budget aimed at reining in debt, finance minister says
France's belt-tightening budget will attempt to regain control over the country's "colossal" debt burden, Finance Minister Antoine Armand has said.
Absorbing Ukraine will make EU more powerful, Cohesion Commissioner claims
The commissioner said she did not believe that "Europe would be weakened by these enlargements" because "we have a larger internal market, a more prosperous EU and…
Auditors scold EU spiralling error rate in spending and EU debt of €458.5 billion
While the allowable threshold is 2 per cent, the error rate has risen to almost three times this number, namely 5.6 per cent.
Regions call on commission to review 2025 climate targets as they are ‘impossible to achieve’
"If the energy transition is not backed by sufficient investment and is not properly governed, there may be considerable risks to the competitiveness and resilience…
Big EU countries lead the way in increased imports of fossil-fuel LNG from Russia
On October 9 in Strasbourg, the President of the European Commission proudly reiterated her commitment to EU-Russia energy decoupling.
Key EU green deal project entirely reliant on debt and China, Swedish expert warns
Rather than being an independent green innovator, Northvolt uses old Chinese technology, with 20-year-old equipment that was already out of date when put in place.
‘Ample evidence’ antidepressants in EU damaging environment, Commission says
There is "ample evidence" that the presence of human antidepressants in EU water sources is leading to considerable harm to aquatic environments, the European Commission…
China hits EU brandy imports in temporary anti-dumping move
China imposed temporary anti-dumping measures on brandy imports from the European Union on Tuesday, hitting brands from Hennessy to Remy Martin, after the 27-state…
Greta Thunberg has bad day in Brussels as police round-up climate radicals
The climate protestor Greta Thunberg had a weekend outing in Brussels which ended poorly, with an attempt by her and her allies to block a major roadway in the city…
International Energy Agency warns of gas shortages in Europe this winter
Rising global gas consumption and geopolitical tensions could cause gas shortages in Europe this coming winter, the International Energy Agency (IEA) has warned.
Trieste: the ideal site for Europe’s next research park
Trieste should leverage its comparative advantages as Europe’s entrepôt to Indo-Pacific and as a city of science to become a leading applied science innovation…
Europe unprepared for energy crisis if Israel attacks Iranian oil industry
Once again the world finds itself on the brink of a renewed energy crisis, and once again Europe appears ill-prepared.
EU greenlights tariffs on Chinese EVs, escalating trade war
The China Chamber of Commerce to the EU expressed its discontent with the decision, labelling the anti-subsidy investigation into Chinese electric vehicles as a…
FIFA loses landmark case on football transfers in European court
Astronomically high football player transfer fees typically seen in Europe's top leagues might soon become a thing of the past, with some FIFA rules on international…