This will hurt: France braces for budget cuts
After decades of spending beyond its means, France must in the coming weeks show how it will avoid a budget crunch that is putting its credit ratings at risk and…
Economy
Latest reporting and analysis on economy.
For domestic housing, Germany lags well behind ‘green’ renovation goals
Germany is missing targets regarding the climate and the renovation of residential buildings, despite Berlin’s ambitious goals. Just 0.
Despite farmers’ anger, EU to renew trade deal with Ukraine
European Union institutions have struck a deal to extend an agreement allowing the tariff-free importation of Ukrainian agricultural products - despite protests…
EC set to target Poland over excessive debt, Warsaw warns
The Polish finance ministry said it expected the European Commission to initiate a so-called excessive deficit procedure (EDP) against the country.
EC ‘spreading misinformation’ over Bulgaria gas controversy, MEP claims
An MEP has accused the European Commission of spreading misinformation concerning an ongoing gas scandal in Bulgaria.
Ahead of Olympics, France unveils new Paris travel rules
France has unveiled a system of compulsory QR-code passes for travel throughout Paris, with the new system reportedly being implemented to reduce the threat of terrorism…
The Spanish paradox: Its economy may be recovering, but its people are not feeling it. The migrant crisis might be part of the answer
In a recent piece for Euronews. Piero Cingari waxed lyrical about Spain's economy.
‘Opaque’ EU debt mountain growing, German study warns
“EU debt is politically attractive. Economically, however, it creates the wrong incentives, especially for highly indebted Member States,” researchers say
EU behind China on climate change, as Hoekstra admits it will miss 2030 climate targets
China has overtaken the EU in actually rolling-out clean technologies, researchers say.
Growing concern at EC ‘power grab’ on defence procurement
Pushback is growing among European Union Member States against funding common defence procurement through fresh joint-debt, with Germany, Denmark and the Netherlands…
France to allow farmers more pesticide to protect sugar output
French sugar beet farmers will be allowed to use more pesticide this year due to a high risk of attacks from an insect carrying a disease that ravaged crops in 2020,…
European Commission examines complaint about Hungary’s tax on foreign retailers
The European Commission is looking into a complaint about Hungary's tax on retailers, saying it will "ensure appropriate follow-up" after the Austrian government…
Chinese solar firms hit by EU probes in new test of subsidy law
The European Union started probes into bids by Chinese firms for a Romanian solar park, in the latest test of a freshly minted law aimed at preventing state-funded…
Botswana President threatens to send 20,000 elephants to Germany amid Berlin’s anti-hunting push
The President of Botswana is threatening to send 20,000 elephants to Germany.
EU and Japan reach new tech deal, irking China
Japan and the European Union have agreed a new deal aimed at boosting both countries' technology sectors amid growing hostilities between China and the West.
EU-Canada free trade agreement in peril after French Senate rejection
The EU's free-trade agreement with Canada has been overwhelmingly rejected in France's Senate, which voted it down by 211 votes to 44.
Eneco pulls back from massive Dutch offshore wind farms, criticising government policy
What should have been one of the Netherlands' most prestigious green projects has now become a painful loss for the Dutch government.
Denmark’s proposed carbon tax likely to anger farmers and spur coalition turmoil
Denmark's government aims to be the second in the world -- after New Zealand -- to officially set a carbon tax.
France’s Macron says EU-Mercosur proposal is ‘very bad deal’ on visit to Brazil
French President Emmanuel Macron said on Wednesday during his visit to Brazil that a potential agreement between the European Union and the South American Mercosur…
European regulators close in on Big Tobacco’s new tea sticks
European governments are weighing the introduction of tougher rules on cigarette makers' new zero-tobacco heat sticks, moving to close the loopholes they were designed…
Russia struggles to collect oil payments as China, UAE, Turkey raise bank scrutiny
Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary…
The rise of the command economy: French defence minister ‘may force firms to make weapons for Ukraine’
French defence minister Sebastien Lecornu said he was prepared to use his powers to requisition industrial capacities or impose priorities to weapon makers to speed…
Profits not prices drive renewable development, new book says
In his new book The Price is Wrong: Why Capitalism Won't Save the Planet, Brett Christophers argues there’s a widespread misconception about what’s needed…
EU members call for revision of anti-deforestation law
A group of EU countries led by Austria is calling for urgent revisions to the bloc's anti-deforestation law set to go into effect at the end of the year, saying…
Germany’s The Left calls for four-day working week
Germany’s Die Linke - The Left - outlined an “ambitious” plan for German workers; the introduction of a four-day week on full pay being one.
EC drops agriculture from climate change plan after farmers’ protests
The threat of renewed protests by farmers will cloud any EU attempts to set climate policy, while "pushback from the agriculture sector will further undermine efforts…
Real estate investors turn to lawyers after ‘huge’ CO2 shock
Real estate investors already battered by high-interest rates now face the prospect of significant writedowns triggered by new European regulations.
Ukraine switches off power exports as Russian attacks hit home
Amid a continued Russian bombardment on Ukraine's energy infrastructure that has seen its top power producer DTEK lose 50 per cent of its capacity, Kyiv sharply…
Russian oil terminals ‘legitimate targets’, Kyiv insists
Olha Stefanishyna, Ukraine's Deputy Prime Minister for European and Euro-Atlantic integration, said Russian oil refineries were legitimate targets for its forces.
US wants Ukraine to stop hitting Russian oil refineries
The US has urged Ukraine to halt strikes on Russian energy infrastructure, warning that drone strikes risk provoking retaliation and driving up global…