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…
Economy
Latest reporting and analysis on economy.
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an independent green innovator, Northvolt uses old Chinese technology, with 20-year-old equipment that was already out of date when put in place.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…
EU governments face pivotal vote on Chinese EV tariffs
European Union members face a pivotal vote on October 4 on whether to impose tariffs of up to 45 per cent on imports of Chinese-made electric vehicles in…
KLM to cut costs over post-COVID customer lull
Dutch low-cost airline KLM has announced it will cut or delay investments and introduce cost-saving measures due to inflated costs combined with its failure to recover…
EXCLUSIVE: Greta Thunberg rumoured in secret Brussels ‘civil disobedience’ plans
In leaked correspondence seen by Brussels Signal, activists taking part in a public green demonstration scheduled for that day say that they are also planning a…
Macron: EU could be ‘killed’ by new ‘multipolar’ world order
The European Union could be "killed" by the rise of the new "multipolar" world order, French President Emmanuel Macron has claimed.
EU has enough support to impose Chinese EV tariffs, sources say
France, Greece, Italy and Poland will vote on Friday in favour of tariffs of up to 45 per cent on imports of electric vehicles (EVs) made in China, sources said,…
EU to blame for own decline, senior Eurocrat admits
"It is the normal consequence of decisions that we took, or did not take, in the last thirty years."
Eurozone factory activity sees fastest-ever decline in September
Manufacturing activity across the Eurozone declined at its fastest pace this year in September as demand waned sharply despite factories cutting their prices, a…
French PM Barnier skips confidence vote to avoid early exit
The vote, originally scheduled to follow the general policy speech on October 1, is a customary practice whereby prime ministers seek parliamentary approval.
Economic stagnation ‘the best Germany can hope for’
Germany is about to downgrade its economic forecast for 2024, with authorities now hoping to register zero growth this year, according to a report from the international…
How the Greens die: suffering economy and young dump the ‘party of youth’
After another catastrophic result in yet another eastern Bundesstaat, the German Green Party has lost its leaders.
All but one member state failed to meet EU renewable energy policy deadline
The European Commission opened infringement procedures on Sept 26 against all but one of its member states.
Just Stop Oil protesters who vandalised Van Gogh Sunflower painting jailed
Two radical climate activists who threw tomato soup at Vincent Van Gogh’s Sunflowers at London's National Gallery in October 2022 have received prison sentences.
Chemistry giant BASF considers closures at main plant in Germany
German chemistry giant BASF has said it was contemplating the closure of one in seven facilities at its main plant in Ludwigshafen.
French finance minister warns of ‘one of worst deficits in history’
Finance Minister Antoine Armand has sounded the alarm on the French budget, warning of the "very serious situation" facing France.