‘A challenging year’: EU cuts own growth forecast for 2023
The European Union has cut its own growth forecast for 2023, blaming the downward revision on a combination of persistently high inflation and weak external demand.
Economy
Latest reporting and analysis on economy.
Greta Thunberg’s doing climate change fight no favours, says Timmermans
Former Brussels climate commissioner Frans Timmermans is frustrated about climate activist Greta Thunberg's turn to radical politics, he says.
Two in three German companies relocate abroad amid energy chaos
Two out of three German companies have at least partly relocated their operations abroad because of Germany's ongoing energy chaos, says consultancy firm Deloitte.
Munster welcomes EU Cohesion support for enterprise
Local politicians from Munster and other southern localities of Ireland have welcomed a new EU supported program to boost enterprise in their regions.
Ukraine says no progress in talks with Poland over border protests
Kyiv and Warsaw again failed to reach an agreement to stop a week-long Polish truckers' protest at Ukraine's border, a Ukrainian official said on Tuesday.
Dutch energy prices double amid green transition
The Netherlands' green energy transition is leading to electricity and gas prices almost doubling.
Indonesia presidential front-runner Prabowo criticises EU on deforestation
Indonesia's presidential front-runner Prabowo Subianto on Monday criticised the European Union over its ban on palm oil imports and said Europeans during colonial…
EU to give ‘substantial’ cash to nations hurt by climate change
Europe will hand over a "substantial" amount of money to help countries hurt by climate change, the Commission says.
Berlin’s state-owned companies have investment surge
Berlin's state-owned enterprises witnessed a remarkable resurgence in investment, reaching levels not seen since the post-reunification era.
Tusk’s coalition want to get rid of me over opposition to the Euro, claims Poland’s central bank head
National Bank of Poland (NBP) president Adam Glapiński accommodated the previous PiS government too much on monetary policy and undermined the bank's independence,…
Regional automobile alliance seeks EU support for industry transition
The second annual meeting of the Automotive Regions Alliance (ARA) held in Pamplona highlighted the urgent need for additional European Union (EU) funding to sustain…
Shell sues Greenpeace for €2 million over boarding oil vessel
Shell filed a nearly €2 million lawsuit against Greenpeace after protestors boarded one of its ships in January.
EU about to approve final – very diluted – nature restoration law
The EU has moved closer to an agreement on a hotly contested nature restoration law, though it has been heavily watered down from earlier proposals.
IMF warns Europe: rising wages are bad for you
Rising wages may still push prices upwards, meaning Europe faces a "difficult task" in aiming at both price stability and growth, says the IMF.
Nuclear energy: attitudes of Belgians flip due to Ukraine war
Belgium has seen a sharp rise in support for use of nuclear power, with only Greens now opposing it.
Brazil says EU deforestation rules hamper Mercosur trade deal negotiation
Brazilian officials said on Wednesday that new legislation enacted by the European Union to ban the import of goods linked to deforestation was complicating negotiations…
Polish truck drivers block Ukrainian border over ‘unfair competition’
Polish truckers blocked three major border crossings with Ukraine on Monday, protesting "unfair competition" from Ukrainian lorry drivers.
Ursula von der Leyen’s Green Deal faces dilution
Ursula von der Leyen's Green Deal looks set to be diluted, with the agricultural lobby pushing key elements back until after May 2024's EU elections.
Italy judge seizes 780 mln euros from Airbnb in tax probe
An Italian judge has ordered the seizure of 779.
Just Stop Oil switches to hammers to attack London art
Radical environmentalists of Just Stop Oil have begun attacking famous artworks with hammers.
Stagnant growth and high debt leave Italy’s Meloni few economic tools
Italy has recorded no GDP growth for the third quarter.
Euro zone recession fears harden as surveys show grim start to Q4
The downturn in eurozone business activity accelerated last month as demand in the dominant services industry weakened further, a survey showed on Monday, suggesting…
Storm Ciarán causes mayhem across Europe
The autumn holiday was marked by Storm Ciarán that ripped across parts of Europe on November 2 with wind speeds of up to 140 kilometres per hour.
UK bank NatWest urges clients to become vegetarian and drive electric cars
British bank NatWest is advising clients to use electric vehicles and give up meat consumption.
All 27 EU Member States back UN call to end US-Cuba embargo
The UN General Assembly, with the support of all European Union Member States, has issued a resolution calling on the US to end its trade embargo on Cuba.
European chamber in China criticises upcoming Shanghai trade fair as ‘political showcase’
The European Union Chamber of Commerce on Friday criticised an upcoming trade fair in China as being more of a "political showcase" than about doing business and…
In diamond centre Antwerp, Russian gems are already shunned
Only a few weeks after Russia invaded Ukraine in February 2022, Antwerp-based diamond dealer Thierry Tugendhaft started receiving calls from big jewellers in Paris…
Advantage UK if Germany bails on fighter-jet project with France, says British ex-minister
Any decision by Germany to jettison its €100 billion fighter-jet project with France and remove its veto on a UK-Saudi aircraft deal would be "advantageous" to…
UK academics want cigarette-style warnings on meat
Researchers at Durham University in the UK have suggested using graphic health warnings on meat, similar to those on tobacco products, in a bid to help reduce consumption…
EC chief pushes for Western Balkans reforms over EU enlargement
The President of the European Commission Ursula von der Leyen made a four-day visit starting October 30 to North Macedonia, Kosovo, Montenegro, Serbia, and Bosnia…