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…
Economy
Latest reporting and analysis on economy.
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.
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.