EU’s ‘degrowth’ means rich stay rich, the poor are made even poorer
It is hard to distinguish whether an action is driven by malice or incompetence when the results are the same.
Economy
Latest reporting and analysis on economy.
More German companies mull relocation due to high energy prices, survey finds
High energy prices and a lack of reliable energy supplies are hindering German companies' production and investments, with a growing trend of industrial firms considering…
Europe’s largest wind-power plant stacks up hundreds of millions in losses
Sweden's Markbygden Ett, Europe's largest wind-power plant, has lost more than €322 million since its start-up and between 2017 and 2023, the loss margin was minus…
Paris, Barcelona and Brussels ‘worst European capitals for robberies’
The European cities suffering the most robberies are Paris, Barcelona and Brussels, according to statistics published by Eurostat and the UK police.
In Depth: EU leaders shift to security over environmental concerns
The 2024-2029 Strategic Agenda, crafted in 2023 and endorsed in June 2024 by European Union leaders, has offered a glimpse into the bloc's forthcoming priorities.
Slovakia threatens to halt diesel supply to Ukraine
Slovak Prime Minister Robert Fico has threatened to halt diesel deliveries to Ukraine if Kyiv does not resume the transit of oil via Ukraine to Slovakia from Russian…
Internal combustion going nowhere, as EVs fail to rev buyers’ engines
I just came across a Los Angeles Times headline: “The electric automobile will quickly and easily take precedence over all other kinds of motor carriages, as soon…
Meloni arrives in China, aims to boost trade balance
Italian Prime Minister Giorgia Meloni arrivies in China on July 26 for the first time since she took office in 2022.
Ukraine ‘blackmailing’ Hungary and Slovakia with oil shutdown, Budapest claims
Ukraine is attempting to "blackmail" Slovakia and Hungary with an oil embargo over both countries' positions on Russia's invasion, Budapest has claimed.
Beijing angry as EU slaps tariffs on Chinese biodiesel
Officials in Beijing have expressed their displeasure after the European Union imposed new tariffs on imported Chinese biodiesel.
Hungary borrowed 1 bln euros from Chinese banks in April
Hungary borrowed €1 billion from Chinese banks in April to finance infrastructure and energy projects, government debt agency AKK said on Thursday.
Dutch Government surprises with choice of Hoekstra as nominee commissioner
Dutch Prime Minister Dick Schoof has gone against expectations and chosen to nominate Wopke Hoekstra as the country's commissioner in the new European Commission.
IN DEPTH: Airbus tries to get a grip after stock market plummet
Aerospace multinational Airbus has said it wanted to avoid further delays in aircraft deliveries and was working with suppliers to avoid supply chain problems.
Hungary to ‘block EU Member State funds until Ukraine reactivates Russian oil transit’
Hungary has declared it will obstruct European Union reimbursements for Member States that have delivered munitions to Ukraine until Kyiv permits the transit of…
Hungary demands EU action after Ukraine cuts off Russian oil
Hungary has demanded action from the European Union after Ukraine's decision to cut off Budapest from much of its Russian oil supply.
US headed for a recession in 2025, Europe be warned
Professor Steve H. Hanke, one of America’s leading economists, has some crisp words about America's economic future, and Europe had better listen.
EU and Serbia sign controversial lithium deal designed to reduce China dependence
Serbia and the EU announced a major deal June 19 to develop a joint lithium mining project.
IN DEPTH: Ursula von der Leyen’s second term promises ever expanding and encroaching EU
On Thursday, July 18, Ursula von der Leyen won the approval of MEPs for a second term as President of the European Commission.
Spain to use EU cash to fight media ‘disinformation’
Spanish PM Pedro Sánchez will disburse €100 million from European Funds to fight media “disinformation”, he announced this week.
EU auditor calls for ‘reality check’ on EC’s renewable hydrogen plans
The European Union has unrealistic goals for renewable hydrogen energy, despite close to €20 billion in funding, says the EU's financial watchdog.
As Paris Olympics loom, Seine ‘still unsafe for swimming events’
As the Paris Olympics approach, it is unclear if the River Seine will be clean enough for athletes to use.
Brussels Commissioners resign to take seats in European Parliament
Two commissioners with the European Commission under its President Ursula von der Leyen have resigned to take their seats in the European Parliament.
Airbus and Thales ‘try again to merge space businesses’
Two European space technology giants, Germany's Airbus and France's Thales, are again in talks to merge their space activities, French weekly La Tribune has reported.
‘Cordon sanitaire’ for nationalists in European Parliament committees
The European Parliament will officially convene in its first session in Strasbourg on July 16 but the working committees have already been distributed among the…
Unilever to axe a third of office jobs in Europe
Unilever, a leading British multinational in the consumer goods section, wants to get rid of one in three European office jobs, or 3,200 employees.
Singapore approves 16 insects for human consumption as EU concerns linger
In the EU, six applications for insects intended to be marketed in different forms have been authorised: Alphitobius diaperinus larvae products, dried mealworms,…
French Left must ‘face reality’ over infeasible spending hikes
François Villeroy de Galhau, Governor of the Bank of France, has demanded left-wing policymakers "face reality" and understand further hikes in French spending…
US to remain ‘liable’ for climate funding under second Trump presidency, says chief COP negotiator
Yalchin Rafiyev, who will spearhead talks at the COP29 in Baku, Azerbaijan in November, said Trump's return, if it happens, would be unlikely to disrupt climate…
Polish police to charge motorists for clearing road of climate blockade
A group of motorists who used a fire extinguisher and pepper spray to remove climate protesters blocking a main road in Warsaw on July 9 "will have to face charges",…
French news channel fined €80,000 over negative broadcasts on migration and climate change
Popular Conservative French news channel CNews was fined €80,000 by the country’s media regulator for expressing negative viewpoints regarding migration and…