The UN admits it: global government is what it wants to meet all ‘challenges’
On September 23, the United Nations agreed a Pact for the Future, 56 actions meant to tackle everything from climate change to poverty.
Economy
Latest reporting and analysis on economy.
EU and allies look to tighten Russian oil-price cap
The European Union and 12 partner nations gathered in Brussels on September 24 to assess the impact of Western sanctions on Russia.
German manufacturing sentiment at ‘lowest level since June 2020’
Pessimism within the German manufacturing sector has hit its lowest level since June 2020, a report from a major economic research institution has found.
Borrell: West must boost aid ‘to stop Russia plunging Ukraine into the dark’
Russia is trying to knock out Ukraine's energy infrastructure ahead of the winter to leave it dark and in the cold, the European Union's foreign policy chief Joseph…
Austrian parties split over dependence on Russian gas
When Austria holds its next general elections on September 29, the governing Conservatives (ÖVP) and Greens will join forces on energy issues, aiming to end a dependence…
Dutch bank ING to dump ‘climate laggards’ amid claims of ‘hypocrisy’
The chief executive of the Dutch bank ING has announced that client companies deemed to be not doing enough to reduce their negative impact on the climate will not…
EC calls on WTO to challenge China’s investigation into EU dairy products
The European Commission has launched a consultation request to the World Trade Organisation (WTO), to challenge China's anti-dumping investigation into European…
Eurozone business activity unexpectedly contracts in September
Eurozone business activity contracted sharply and unexpectedly this month as the bloc's dominant services industry flatlined while a downturn in manufacturing accelerated, a…
Brussels forcing production of EV cars nobody wants, sales crash 70 per cent in Germany
Some bad news for the European Union's Green New Deal: sales of electric vehicles have declined 18 per cent across the Union, led by a 33 per cent retreat in France…
Turkey cracks down on hybrid car imports as it seeks Chinese investment
Turkey's trade ministry imposed strict conditions on the import of plug-in hybrid vehicles from some countries, including China, according to a notice published…
Von der Leyen pledges €10 billion from EU funds for post-floods reconstruction
European Commission President Ursula von der Leyen has promised €10 billion worth of assistance as she visited Poland in the wake of the floods that engulfed large…
EU auto industry calls for urgent relief as sales plummet
European car sales have continued to decline with the major markets in the European Union being hit hard, including a noticeable drop in electric vehicle sales.
Chinese car firm shows interest in Audi’s endangered Brussels plant
Nio, a Chinese manufacturer of electric vehicles (EV's), is said to be considering the takeover of Audi's Brussels car plant, which is due to shut down.
Western, Russian nuclear industries still intertwined, report says
The Russian and Western nuclear industries remain dependent on each other, a situation that has shielded Russia from European sanctions, an industry report said…
Cyclone Boris rips through Central Europe as flooding engulfs region
Germany, Austria, Poland, the Czech Republic, Croatia, Slovenia, Slovakia, Hungary and Romania all are reeling under the brunt of Cyclone Boris.
Shutting down UK blast furnaces means outsourcing carbon emissions to China
Consider the misguided environmental policies that the British government is currently pursuing.
German Government ups anti-Trump assault
The German Government has doubled down on its public assault against US presidential hopeful Donald Trump.
Dresden bridge collapse highlights Germany’s crumbling infrastructure
The collapse of a major bridge in Germany has shone a spotlight on the dismal state of the country’s public infrastructure.
Draghi: ‘Europe must change perspective or risk servitude’
Former European Central Bank (ECB) president Mario Draghi has warned about "servitude" towards other economies at his first public meeting since the publication…
Police strike set to aid Extinction Rebellion motorway protest in the Netherlands
The Dutch chapter of Extinction Rebellion (XR) is planning to block the A12 motorway in The Hague on September 14, a date that coincidentally coincides with a police…
Spanish PM Sánchez calls for tariff truce between EU and China
“We don’t need another war, in this case a trade war.
Germany faces a surge in bankruptcies with ‘worse to come’
In the first six months of this year, almost 25 per cent more companies in Germany filed for insolvency compared to 2023, with experts fearing that the worst is…
Draghi’s plan says ‘Europe First’ and load it with debt: who thinks it will work?
Having famously saved the rickety euro from the international bond markets over a decade ago, Super Mario Draghi has now moved on to an even grander project: rescuing…
European car industry ‘risks being crushed by EU fines’, Renault chief warns
Luca de Meo, head of the Renault group, has said he fears European car manufacturers will suffer under stricter emissions rules for new cars imposed by the European…
Draghi insists ‘harder climate push will solve EU energy crisis’
Former European Central Bank boss Mario Draghi has called for more power to be handed to the EU in order to fight climate change and solve the bloc's competitiveness…
Retrofit of Germany’s eco-friendly battle vehicles ‘will cost billions’, government says
Fixing the problems with Germany's eco-friendly Infantry Fighting Vehicle (IFV) will cost billions of euros, the country's government has admitted.
France asks EU to let it delay submitting budget deficit plan
France has asked the European Commission to extend beyond September 20 a deadline for submitting a plan to reduce its public deficit to align with Paris' 2025 draft…
Italy’s president says need to bring down public debt is “inescapable”
Italy's president said there was an "inescapable need" to bring down the country's mammoth public debt, but warned on Friday that markets' perception was a "questionable"…
Germany blocks CO2 vouchers for oil companies over fraud concerns in China
Germany's Environment Agency announced on Friday, September 6, that it rejected carbon credits for 215,000 tons of CO2 emissions from oil companies due to suspected…
EU launches final Vega rocket as space pressures grow
The European Union-backed European Space Agency (ESA) has launched its final Vega rocket as competition in the aerospace sector hots up.