EU imports record amount of Russian LNG as foreign dependence grows
Russia remains the EU’s second-largest LNG supplier after the US. Deliveries from Russia were driven primarily by France, Spain and Belgium.
Economy
Latest reporting and analysis on economy.
Europe wastes record solar power as ageing grids fail to keep pace
The phenomenon, known as curtailment, occurs when grid operators order generators to shut down because transmission networks cannot move the electricity to where…
Trump lands in Beijing for two-day summit with Xi shaped by trade, Taiwan and Iran
The US President, whose last trip to the People's Republic took place in November 2017, is due to hold formal talks with Chinese President on Thursday.
JP Morgan boss threatens to axe £3bn UK investment if Labour swings Left with Starmer replacement
Jamie Dimon, chairman and chief executive of JP Morgan Chase, has warned that the bank could scrap plans for a £3 billion (€3.
EU bans Brazilian meat imports from September over antibiotic abuse
The Brazilian Government said it had received the news "with surprise", with its agriculture ministry pledging to take "all necessary measures" to reverse the decision.
Spain insists on refusing US use of bases for Iran strikes as Trump threatens trade cut-off
The Rota and Morón bases are jointly operated under a bilateral agreement but remain under Spanish command.
From ‘Brejoin’ to Green revolution: European Greens push hard
European Green Party leaders have made a call for the UK to rejoin the European Union.
Poland embarks on a path of rising debt and record deficits
On May 8th, the Polish government was set to sign the SAFE defence procurement loan agreement with the European Commission in Warsaw.
Ireland to debate ending of nuclear power ban
The bill is expected to be debated in the Dáil Éireann (lower parliament) within the coming months.
Buying a pig in a poke?: Polish Government signs EU defence loan with interest rate unknown
Poland’s finance minister Andrzej Domanski has admitted the government was about to sign the loan being taken out under the European Union’s Security Action…
Trump sets July 4 deadline for EU to deliver on trade deal or face higher tariffs
The announcement followed what Trump described as a "great call" with European Commission President Ursula von der Leyen on May 7.
EU awards over €1 billion to nine green hydrogen projects
The selected projects span seven countries in the European Economic Area and were awarded fixed premiums ranging from €0.44 to €3.
Nawrocki pushes for referendum on EU climate policy
Poland's President has submitted a motion to hold a national referendum on EU climate policy.
Spanish Government diverted another €8.5 billion in EU funds to pay for pensions and social spending
The government has not clarified another €3 billion for civil servants' pensions in 2025 that may have been funded the same way.
Norway lifts key rate to 4.25 per cent as Middle East war stokes inflation
In a statement on Thursday, Norges Bank governor Ida Wolden Bache said: "Inflation is too high and has run above target for several years."
EU weighs US kerosene as Middle East war squeezes Europe’s jet fuel supply
The European Commission has said the European Union (EU) is not yet facing jet fuel shortages, but is readying contingency measures.
Korea University and Moderna have been working on mRNA hantavirus vaccine since 2023
Korea University's Vaccine Innovation Center and US biotech firm Moderna (formerly ModeRNA Therapeutics), made world-famous by its multibillion-dollar Covid-19 vaccine…
Lufthansa warns of hefty fuel cost hit, preparing for shortages
German airline giant Lufthansa said today its 2026 fuel bill would be 1.
EC approves defence loan for Poland helping Tusk government sidestep President’s veto
Poland is set to become the first country to sign an agreement under the European Union's Security Action for Europe (SAFE) defence loan programme.
Biontech stops Covid vaccine production in Germany
German biotech company Biontech has announced it will cease the production of Covid-19 vaccines in Germany and close down most of its domestic production sites.
Men ‘bad for the planet’, new academic paper declares
A new academic paper has declared that male behaviour is damaging the planet, with elite white Western men singled out as a particular obstacle to action on climate…
Top Dutch environmental activist takes top job at Tata Steel
Donald Pols, the long-serving director of Dutch environmental organisation Milieudefensie, will join Tata Steel Nederland, one of Europe's largest steel producers…
European Parliament urges Spanish Government to reconsider Almaraz nuclear plant closure
The document explicitly states in its conclusions that the nuclear facility should not be shut down, describing the decision as one driven solely by political and…
Merz marks a bitter first year as German Chancellor amid record-low approval, coalition strife and a transatlantic rupture with Trump
A year on from the day he became the first German leader to need a second Bundestag vote to take office, Merz has presided over a stagnant economy, a coalition at…
Brussels urges Washington to restore 15 per cent tariff cap before summer
European Trade Commissioner Maroš Šefčovič has urged the United States to return swiftly to the terms of the trade pact agreed by both sides in July 2025.
World faces what ‘could be most severe energy crisis in history’, Brussels warns
European Commissioner for Energy and Housing Dan Jørgensen made the comments at a press conference.
EU and Armenia sign connectivity deal at first Yerevan summit
The partnership is to focus on transport, energy and digital links between the EU and Armenia, supporting the country's economic development.
EU ammo supplier accused of profiteering with Soviet-era stockpiles sold at premium price to Ukraine
A major Central European defence contractor at the heart of the European Union’s emergency push to arm Ukraine is facing explosive allegations that it has built…
Amsterdam introduces advertisement ban on fossil fuel and meat
Amsterdam has become the world’s first capital city to prohibit public advertisements for meat products, alongside fossil fuels,.
EU’s €90 bn ‘loan’ to Kiev is a bet on Ukraine victory and Russian humiliation. Oh, sure thing
The EU has finally agreed to lend Ukraine another €90 billion.