COP28 deal is fossil fuel ‘phase out’ in all but name, MEPs insist
More than 100 countries lobbied to have the words "phase-out" explicitly included within the agreement made on December 13 but the suggestion was shot down by a…
Economy
Latest reporting and analysis on economy.
Finland seizes trains from joint venture with Russia
Finland's state-owned railway company VR said it had seized four trains that it co-owned through a joint venture with its Russian counterpart, Russian Railways (RZD),…
Bird-slaying French wind farm must be demolished, judges rule
A French court has ruled that a controversial seven-turbine wind farm has to be demolished.
Tusk signals co-operative stance on EU Migration Pact and climate change
The new Polish Prime Minister Donald Tusk has announced that his country is returning to co-operation with the rest of the European Union on issues such as migration…
The U.S. economy is Biden’s biggest liability — and Trump’s greatest strength
For months, the Biden administration and its allies in the U.S.
Russia food and agriculture exports boom
A near-record Russian harvest, augmented by grain from occupied areas of Ukraine, is making Moscow a dominant player in international food markets
Ukraine joining EU may cost bloc up to €190bn, think-tank says
Ukraine joining the European Union would set the bloc's finances back by up to €190 billion over its budgetary term, a German think-tank has claimed.
Spain’s Calviño beats EC’s Vestager to take European Investment Bank crown
Spain’s Deputy Prime Minister and economy minister Nadia Calviño has beaten European Commissioner Margrethe Vestager for the top job at the European Investment…
The big winners of COP28 are nuclear power and natural gas – Greens may be outraged, but that’s a good thing
There are many reasons to criticise a conference dedicated to solving the issue of climate change, especially if it hosts almost 80,000 participants, many of them…
Xi warns top EU chiefs not to regard China as a ‘rival’
The European Union has received what seems to be a warning from Chinese President Xi Jinping for the bloc not to view his country as a “rival”.
G7 leaders agree to ban imports of Russian diamonds from January next year
As part of efforts to limit Moscow's income from precious stones and to support Ukraine, the Group of Seven (G7) countries will ban imports of Russian diamonds from…
German fairy tale forest to be felled for wind turbines
A large area of Reinhardswald, an ancient German forest featured in the fairy tales of the Brothers Grimm, is being partially cut down in favour of 241-metre tall…
Chinese media calls Moody’s ‘biased’ for negative economic outlook
Chinese state media called Moody's "biased" on December 6 for its negative rating outlook on the world's number two economy, but some analysts said the government's…
UK to rejoin EU’s Horizon science programme, irritating Brexiteers
British Prime Minister Rishi Sunak's post-Brexit UK is to rejoin the European Union's Horizon science programme, set to become an associate country to the scheme…
Osijek, Croatia showcases nation’s use of EU regional funds
The town of Osijek, Croatia hosted showcases of both the nation's and the region's use of European Unions funds.
Macron slams latest EU-South America trade-deal talks
Trade negotiations between the European Union and the Latin American Southern Common Market, or Mercosur, seem to be going badly, with French President Emmanuel…
European climate activists lash out at COP28 head’s fossil-fuel comments
European environmentalists have lashed out at COP28 president Sultan Al Jaber over his questioning whether stopping the use of fossil fuels would fundamentally help…
COP28: Eleven EU nations sign pledge to triple nuclear energy capacity
At the COP28 climate summit in Dubai, 22 countries, including eleven European Union Member States, have pledged to triple nuclear energy capacity by 2050.
Environmentalists urge Von der Leyen to drop ‘war’ against wolves
Brussels announced a review of protections for wolves after von der Leyen’s prized pony Dolly was mauled to death by one, with the EC so far seeming to lean towards…
Slovak truckers to start Ukraine border crossing blockade, joining Polish protests
Slovak road hauliers were set to start blocking the country's border with Ukraine on Friday, pledging an almost total shutdown of the crossing for trucks until the…
Eurozone set for ‘the most widely predicted recession ever’
The Eurozone is set for economic downturn, with leading economists telling Brussels Signal “sticky inflation” will hold growth to below 1 per cent through the…
Committee of the Regions calls for the future strengthening of EU Cohesion Policy
Local politicians of the European Union got a head start on discussing the bloc's Cohesion policy this week.
Economic losses pile up in Ukraine as Polish truckers protest
Weeks of road blockades by Polish truckers protesting at the border will reduce Ukraine's overall imports by about a fifth in November, and could cost Kyiv one percentage…
EU should embrace influx of ‘free’ Chinese electric cars, says economist
The European Union should celebrate the influx of "free" Chinese electric vehicles into the bloc, a senior German economist has claimed.
EU admits post-Brexit London City jobs-loss forecast was way off the mark
The European Union has admitted that a doom-laden forecast of huge “City” job losses in London resulting from financial institutions moving their operations…
Tired of rising energy costs, Michelin and Goodyear to pull out of Germany
The "rapid" deterioration of the market outlook in Germany has led to Goodyear shutting two plants, one in Brandenburg and one in Hesse.
Slovak truckers threaten Ukraine border blockade from December 1
Slovak truckers are threatening to block the country's main border crossing with Ukraine from December 1 unless steps are taken to limit competition from Ukrainian…
Largest solar-cell firm in Germany may decamp to US over energy costs
Meyer Burger Technology, a Swiss firm, said the decision on whether to pull its manufacturing out of Germany or not will be made “within weeks”
EU’s Hoekstra tells non-G7 states they need to pay up on climate
European Union climate chief Wopke Hoekstra said that countries outside the Group of Seven need to help meet the bill for losses and damage caused by increasingly…
European Parliament urges EU to help develop talent in regions
The European Parliament is urging the EU to help develop talent in the Europe's neglected regions.