EU deindustrialisation continues, drives down economic outlook
The European Union has had its economic outlook downgraded for 2025 as problems related to the continent's deindustrialisation continue.
Economy
Latest reporting and analysis on economy.
French MP urges EC chief to suspend EU-US data privacy framework over Trump concerns
In a letter obtained by Brussels Signal, French MP Philippe Latombe has urged European Commission President Ursula von der Leyen to suspend the US-European Union…
Greece in talks with Israel to develop €2bn ‘Iron Dome’
Greece is in talks with Israel to develop a €2 billion ($2.
Europe’s competitiveness is in meltdown, IMF reports
The meltdown in EU companies' competitiveness was directly related to their need for more innovation.
EU lawmakers soften bloc’s deforestation law
Members of the European Parliament have voted to delay implementation of the EU's deforestation law, and introduced amendments to soften some of the existing regulations.
Azerbaijan President denounces France’s ‘Macron regime’ during COP29 summit
Azerbaijani President Ilham Aliyev has accused the French 'Macron regime' of intentionally stifling the process of decolonisation at the COP 29 summit in Baku.
‘Ribera or nothing’: Socialists threaten to block EC if MEPs refuse candidate
The European Socialists have adopted an unbending stance: If their Spanish candidate for Commission Executive Vice-President for the Clean, Just and Competitive…
Kerosene-fuelled ‘jet engines’ keep Belgian energy grid up
The Belgian Government is said to be giving extra subsidies to old and highly polluting jet engines to help make up for the closing of nuclear power plants.
Beijing to withdraw from electric car production in Poland over EC tariffs
The Chinese Government is planning to withdraw from producing the B10 Leamport electric car in the Tychy plant in Silesia, southern Poland, in retaliation for Poland…
Shell wins landmark emissions reduction case on appeal
Global oil producer Shell has won a landmark climate case in the Dutch courts, annulling an earlier ruling that forced the multinational to cut 45 per cent of its…
Half of Austrian companies consider leaving as competitiveness nosedives
More than half of Austria’s bigger companies are said to be considering moving their business abroad, according to a new study
Italy plans to restrict nascent ‘cannabis light’ industry
Italy's "cannabis light" industry risks being uprooted this year by Giorgia Meloni's coalition.
Doubling-down: EU insists ‘decarbonisation’ the key to making bloc competitive
The European Union has doubled down on its green agenda in the face of Donald Trump's US presidential election win, with the bloc's Council of the EU insisting that…
Italy PM Meloni urges EU to focus on itself after Trump’s victory
The EU must focus on setting its own house in order, Italian Prime Minister Giorgia Meloni said on November 8, citing tariffs, competitiveness and defence as the…
Leading German researchers fear $33 billion ‘Trump tariffs’
Germany needs to prepare itself for major problems after Donald Trump won the US presidency, a leading German economic research agency has warned.
Stock markets rally after historic Trump victory
International markets have reacted positively to Donald Trump's return as President of the United States, with numerous major indexes rallying on the morning of…
Germany’s Christian Democrats want to revive domestic nuclear sector
Christian Democrats in Germany have launched a bid to rescue what remains of the country's nuclear power sector after attempts by the Greens to eradicate the technology.
Tax fraud investigators search Netflix offices in Paris and Amsterdam
Investigators searched the offices of U.S.
Swedish Armed Forces oppose planned wind farms in Baltic Sea
Swedish Armed Forces chiefs have said they were concerned about plans for huge wind farms off the country's coast.
Economic liberal Lindner provokes coalition partners with free market talk
After four unhappy years shackled to a coalition of misery, the Free Democratic Party (FDP) leader and Finance Minister Christian Lindner has filed for divorce.
Russia fines Google €18 decillion for YouTube restrictions
Google has been fined an astronomical sum, exponentially greater than global GDP, for refusing to restore accounts of pro-Kremlin and state-run media outlets.
EC wants Europe to prepare for ‘greater security challenges and climate crises’
The European Commission has presented a report titled Safer Together Strengthening Europe’s Civilian and Military Preparedness and Readiness on dealing with "climate…
Czech Republic joining Italy to fight carmakers’ CO2 fines
The Czech Republic will join Italy in seeking to prevent carmakers from facing heavy penalties from next year, when tougher CO2 emission rules take effect in…
Europe’s small arms companies struggle for cash despite military spending boom
Europe's small and medium-sized defence companies are struggling to access finance needed to drive innovation and grow production lines even as demand soars due…
Antwerp diamond trade ‘faces collapse’
The centuries-old diamond trade in Antwerp is facing a severe crisis, with local traders having expressed fears that the industry could soon vanish altogether.
Lagarde: US dollar world-order here to stay as overregulation holds back EU
The US dollar world-order is not going anywhere anytime soon, European Central Bank (ECB) President Christine Lagarde has claimed.
US tobacco giant Philip Morris to close German plants as Europeans smoke less
US multinational tobacco giant Philip Morris has said it planned to close two German factories due to falling demand across Europe.
Severe weather causes catastrophe and deaths in parts of Spain
Extreme weather conditions in Spain have cost at least 72 lives, including four children.
UK budget: Finance minister hikes taxes to highest in 30 years, boosts defence spending
Britain's new finance minister Rachel Reeves has announced the biggest tax increases in three decades in her first budget and pledged to boost UK defence spending.
EC rejects Poland’s plea to exclude defence spending from budget-deficit figures
The European Commission has rejected Poland’s request for defence spending to be excluded from calculations in relation to the country’s budget deficit.