Cyclone Boris rips through Central Europe as flooding engulfs region
Germany, Austria, Poland, the Czech Republic, Croatia, Slovenia, Slovakia, Hungary and Romania all are reeling under the brunt of Cyclone Boris.
Trade
Latest reporting and analysis on trade.
Spanish PM Sánchez calls for tariff truce between EU and China
“We don’t need another war, in this case a trade war.
Germany faces a surge in bankruptcies with ‘worse to come’
In the first six months of this year, almost 25 per cent more companies in Germany filed for insolvency compared to 2023, with experts fearing that the worst is…
Volvo Cars abandons 2030 EV-only target
Swedish automaker Volvo Cars scrapped its target of going all-electric by 2030 on Wednesday, saying it now expected to still be offering some hybrid models in…
Ireland ‘looking into legality’ of EU-Israel trade agreement
Ireland is reportedly probing the legality of the European Union trade agreement with Israel ahead of a European Council meeting in September.
China ‘stuns’ EU spirits sector as it mulls tariffs on brandy
China has threatened European Union companies with retaliatory tariffs after accusing them of dumping brandy on the Chinese market, damaging its domestic industry.
Energy shortage fears sink Google’s Irish data centre plans
Fears surrounding energy shortages in Ireland have scuppered plans for a new Google data centre in the country.
Chinese EV maker aims to build cars in EU to soften tariffs
A Chinese electric vehicle (EV) manufacturer and partner of Germany's Volkswagen has said it was looking to produce cars in the European Union to bypass new import…
Canada to slap ‘100 per cent tariff on Chinese EVs’, says PM Trudeau
Canadian Prime Minister Justin Trudeau has announced that Canada will impose a 100 per cent tariff on the import of Chinese electric vehicles (EVs).
EU cuts Baltic Sea Cod quotas despite fish-finger shortage fears
The European Commission has announced it is cutting fishing quotas for cod despite ongoing fears of fish-finger shortages in Germany.
China, Belarus agree to strengthen cooperation in trade, security
China and Belarus have agreed to strengthen cooperation in a range of sectors including trade, security, energy and finance, according to a joint statement after…
EU sanctions ‘could spark German fish-finger shortage,’ industry chief warns
Possible sanctions on Russia could prompt a fish-finger shortage in Germany, local media in the country has reported.
EU’s Borrell warns EU-China trade war could be ‘unavoidable’
“We mustn’t be naive, we have no interest to get into a trade war… but maybe it’s unavoidable, it’s also in the logic of things.”
China launches anti-dumping investigation into EU dairy products
Trade tensions between Brussels and Beijing appear to be deteriorating, with China opening an anti-dumping investigation into European Union subsidies for certain…
German defence stocks down after report of freeze on Ukraine military aid
German defence stocks fell on August 19, after the German newspaper Frankfurter Allgemeine Sonntagszeitung (FAS) reported that the finance ministry would not approve…
Trump blasts EU after Commissioner demands X censorship
"I know the European Union very well. They take great advantage of the United States in trade. They're not as tough as China but they're bad."
Poland signs billion-dollar Raytheon missile deal
Poland has signed a $1.2 billion deal with American weapons manufacturer Raytheon to make missile components.
Italy sees ‘beach-umbrella protest’ as licence row resurfaces
Italy's balneari (beach managers) closed their umbrellas for a few hours on August 9 in a symbolic protest against the government's failure to resolve a dispute…
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.
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.
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.
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.
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.
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.
Unilever to axe a third of office jobs in Europe
Unilever, a leading British multinational in the consumer goods section, wants to get rid of one in three European office jobs, or 3,200 employees.
Singapore approves 16 insects for human consumption as EU concerns linger
In the EU, six applications for insects intended to be marketed in different forms have been authorised: Alphitobius diaperinus larvae products, dried mealworms,…
French Left must ‘face reality’ over infeasible spending hikes
François Villeroy de Galhau, Governor of the Bank of France, has demanded left-wing policymakers "face reality" and understand further hikes in French spending…
German exports crash as deliveries to China tumble 10 per cent
Economists have expressed dismay at a sudden drop in Germany's exports with deliveries to China crashing by more than 10 per cent in just one month.