Poland signs billion-dollar Raytheon missile deal
Poland has signed a $1.2 billion deal with American weapons manufacturer Raytheon to make missile components.
Economy
Latest reporting and analysis on economy.
France to experience ‘worst wheat harvest in 40 years’
Authorities estimate that this year's harvest could be between 10 and 16 per cent lower than in 2023, representing a loss of 10 million tonnes of wheat.
Italy sees ‘beach-umbrella protest’ as licence row resurfaces
Italy's balneari (beach managers) closed their umbrellas for a few hours on August 9 in a symbolic protest against the government's failure to resolve a dispute…
NGO says Olympics committee is withholding Seine water quality data
NGO Surfrider Foundation France has accused the Paris Olympics committee of hiding poor Seine quality figures.
EC gives nod to Green Deal architect’s top job with Dutch gas major
One of the architects of the European Green Deal has received permission from the European Commission to take up the role of Chairman with Gasunie, a Dutch gas company.
German police raid Last Generation members’ homes
German police have searched the homes of Last Generation members after the group's protests at several German Airports.
Taylor Swift’s Vienna concerts canceled over ‘Islamist terror plot’
Three concerts by pop star Taylor Swift in Vienna have been abruptly canceled following a police raid on youths suspected of planning a terrorist attack at one of…
Ukraine penetration of Russian Federation sparks Europe energy fears
A Ukraine invasion of internationally recognised Russian territory has sparked energy concerns.
Pharmacy chain Rossmann axes Tesla purchases citing Musk’s ‘support for Trump’
Rossmann, one of Europe's largest chains of chemists, has announced it will no longer buy Tesla electric vehicles (EVs) for its company fleet because of the support…
Austria’s Last Generation to dissolve over ‘fossil ignorance’
The Austrian climate activists organisation Last Generation has announced it will disband over a lack of success.
French imports of Russian LNG soar in first-half 2024
French imports of Russian liquified natural gas (LNG) are surging and feeding into an increase in exports of Russian LNG to the rest of Europe.
Germany’s BioNTech reports steep losses in second quarter
BioNTech, the German pharmaceutical giant that became a household name during the Covid pandemic, has stacked up huge losses.
Demand for alcoholic beer declines in Europe
According to new Eurostat figures, the European Union's production of alcoholic beer has declined, while non-alcoholic beer production has risen.
Report casts doubt on German economic viability
Germany's economy is facing challenges that threaten the viability of its growth model, a report has claimed.
European stocks drop as US recession worries spark global selloff
European shares fell to near six-month lows amid a global selloff in equities on fears of a slowdown in US economic growth, with only a handful of stocks trading…
Flemish Government advertises for ‘Climate Doctor’
The Flemish Government in Belgium has posted a job advertisement for a "Climate Doctor" to address the potential medical effects of climate change.
Brussels ‘co-ordinating’ oil embargo on Hungary and Slovakia, claims minister Szijjártó
Brussels is behind Ukraine's attempt to block oil from entering Hungary and Slovakia, Budapest's foreign minister, Péter Szijjártó, has claimed.
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.
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.