Voters realise Green movement is nothing but an apocalyptic cult
In 2005, an American evangelist called Harold Camping made a startling prediction: the world was going to end on May 21st, 2011.
Economy
Latest reporting and analysis on economy.
Belgian beer consumption sinks to all-time low
Belgian brewers had a lousy 2023 as both consumption and export significantly dropped, despite the country’s reputation as a paragon of beer production.
China ‘undermining green transition with unfair EV subsidies’
China is "undermining" Europe's "green transition" with its "unfair" use of subsidies for electric vehicle (EV) manufacturing, the European Commission has claimed.
Ukraine Recovery Conference to focus on ‘green recovery and gender mainstreaming’
European and wider Western Ukraine allies are thinking about the country's progressive future as it fights for survival against Russia.
EU to impose tariffs of up to 25 per cent on Chinese EVs
The European Commission will notify carmakers on Wednesday that it will provisionally apply additional duties of up to 25 per cent on imported Chinese electric…
‘It’s over’ – German economic policy a ‘sheer catastrophe’, stock exchange chief claims
Germany's economic policy is a "sheer catastrophe" as a result of political "fundamentalists" running the country, a senior business leader has warned.
ECB cuts rates even as inflation fight goes on
The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, citing progress in tackling inflation even as it acknowledged the fight…
Germany set to miss 2030 climate goals, report finds
Germany will not be able to meet its emission reduction target by the end of the decade, a panel of government climate advisers has warned.
German army to boost Rheinmetall artillery shell order by 200,000, document shows
The German army intends to order 200,000 more artillery shells from arms maker Rheinmetall than it had planned, a letter seen by Reuters on June 4 from the Defence…
Eurocrats spooked as private industry shuns ‘green’ hydrogen
A cornerstone of Brussels’ Green Deal, the European Commission warned on June 3 that not enough industry players appeared to be getting on board with the new technology.
Von der Leyen must kill Green Deal to remain EC chief, farmers’ party warns
Sander Smit, who leads the European faction of BBB, said he wanted to see "a fundamental change of direction" in the European Union.
Siemens ‘may cut thousands of jobs in wind division’ as losses stack up
Siemens Energy could cut up more than 4,000 jobs across Europe as falling demand and other economic problems take their toll on the wind industry.
EU Commission to postpone Chinese EV tariffs decision
The European Commission will postpone its decision on Chinese electric vehicle tariffs until after the European election on June 9, German magazine Spiegel…
German chemicals giant BASF to shut plants at home while investing billions in China
German multinational BASF is sparking a heated debate about degrowth and deindustrialisation.
Brexit ‘myth’ de-busted: EU to ban smoky-bacon crisps
The so-called pro-Brexit "myth" of a European Union ban on smoky-bacon flavour potato crisps is now set to become reality after Member States gave the go-ahead for…
Dairy farmers to EU: Help us or face more tractor protests
While the latest Brussels protest would be a "friendly" affair, this would not be the case with future demonstrations should lawmakers not take their concerns seriously,…
Rule of the gods: cut access to energy, cut prosperity
In the end, Zeus was right. When he punished Prometheus for giving fire to humanity, the old Greek god must have known that their days are now numbered.
German Chamber of Commerce sees ‘alarming signs of gradual deindustrialisation’
Germany is showing worrying levels of gradual deindustrialization, a new survey has found.
IMF: French public debt to be ‘significantly higher than government forecasts’
The International Monetary Fund has challenged the French Government's projections on future public debt, estimating that the country will end up running a significantly…
Belgium will miss net zero targets, energy to remain expensive
The Belgian Federal Planning Bureau concluded that the planned emissions reduction of 47 per cent by 2030 will not be achieved.
Georgia’s foreign agent law in fact looks very American
Imagine, for a moment, there was a secretive Russian-backed news media organization designed to weaken the European establishment by highlighting its mistakes.
German defence industry says it will need government help to reduce dependence on China
German arms producers will need help from the government if they are to reduce their dependency on Chinese materials and still be able to compete with U.S.
AfD politician hospitalised after alleged attack in pub
An Alternative for Germany (AfD) party member with the regional state Parliament in Mecklenburg–Western Pomerania was hospitalised after what is alleged to be…
China dwarfs EU investment in bloc’s own back yard
China is dwarfing European Union investment in countries in the bloc's own neighbourhood, from Morocco to Turkey.
UK economic growth tops Eurozone’s
The UK economy has done better than the Eurozone’s, according to newly published economic data from the European Commission.
Russian exploration vessels ‘discover the world’s largest oil reserves’ in Antarctica
Reports from Russian exploration vessels suggest vast amounts of oil and gas have been discovered in Antarctica, partly in areas claimed by the UK and Argentina.
Dutch grid operator warns of future energy shortages, price hikes
The Netherlands will not have enough electricity to be powered 24/7 from about 2032, with the country's national grid operator warning of future shortages and price…
EC hopeful Ribera attacks von der Leyen for ‘climate mistakes’
Teresa Ribera, Spain's Deputy Prime Minister and Minister for the Ecological Transition, has attacked European Commission President Ursula von der Leyen for committing…
Journalists barred from Polish Parliament over ‘anti-Green Deal’ T-shirts
Two journalists were refused entry to the Polish Parliament for wearing T-shirts emblazoned with the slogan “Down with the Green Deal” amid protests in Warsaw…
‘Choose France’ investment push bags record €15 billion in pledges
France won a record €15 billion in foreign investment pledges on Monday, allowing President Emmanuel Macron to bask in the limelight with global CEOs and forget…