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.
Trade
Latest reporting and analysis on trade.
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.
EU policy negotiations with Trump: find aggression and strength
Former President Donald Trump remains the favourite in America’s presidential race despite President Joe Biden’s decision to drop his re-election bid.
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.
German government clinches 2025 budget deal in line with debt brake
Germany's coalition government has clinched an agreement on the budget for 2025 that will adhere to the country's strict spending rules following months of negotiations,…
China-built EVs hit with duties in biggest EU trade case yet
The European Union will impose tariffs of up to 37.
Germany bans VW from selling ‘sensitive tech’ to China over security concerns
Germany has banned car manufacturer Volkswagen from selling a firm possessing "sensitive technology" to China over security fears.
China and EU hold technical talks on impending EV tariffs
Chinese and EU officials held several rounds of technical talks over Brussels' proposed tariffs on Chinese electric cars on July 4, China's commerce ministry said…
German car industry urges EU to drop tariffs on China-made cars
Germany's VDA auto association has urged the European Commission to drop its planned tariffs on China-made electric vehicles in a last-ditch effort to influence…
China tightens grip on crucial rare earths
China's State Council announced the approval of new regulations on the management of rare earth materials, strengthening government control.
China warns EU of potential trade war over ‘unfair’ electric cars probe
China's commerce minister Wang Wentao warned that escalating tensions with the European Union could lead to a "trade war".
EU-Ukraine trade: Permit-free agreement for freight extended
Ukraine and the European Commission have extended their freight liberalisation agreement, enabling Ukrainian cargo to enter the EU without permits for another year.
China strikes back with anti-dumping investigation into EU pork
China has launched an anti-dumping investigation into pork and pork byproducts imported from the European Union.
Belgian beer consumption sinks to all-time low
Belgian brewers had a lousy 2023 as both consumption and export significantly dropped, despite the country’s reputation as a paragon of beer production.
China ‘undermining green transition with unfair EV subsidies’
China is "undermining" Europe's "green transition" with its "unfair" use of subsidies for electric vehicle (EV) manufacturing, the European Commission has claimed.
EU to impose tariffs of up to 25 per cent on Chinese EVs
The European Commission will notify carmakers on Wednesday that it will provisionally apply additional duties of up to 25 per cent on imported Chinese electric…
EU Commission to postpone Chinese EV tariffs decision
The European Commission will postpone its decision on Chinese electric vehicle tariffs until after the European election on June 9, German magazine Spiegel…
Brexit ‘myth’ de-busted: EU to ban smoky-bacon crisps
The so-called pro-Brexit "myth" of a European Union ban on smoky-bacon flavour potato crisps is now set to become reality after Member States gave the go-ahead for…
Dairy farmers to EU: Help us or face more tractor protests
While the latest Brussels protest would be a "friendly" affair, this would not be the case with future demonstrations should lawmakers not take their concerns seriously,…
China dwarfs EU investment in bloc’s own back yard
China is dwarfing European Union investment in countries in the bloc's own neighbourhood, from Morocco to Turkey.
Belgium buckles, will hand Ukraine billions in tax on profits from frozen Russian assets
Pressure from the European Union and G7 members on Belgium to hand over billions of euros collected in taxes on profits from immobilised Russian assets has had an…
Bundesbank chief opposes joint EU borrowing beyond NextGenEU
Germany’s central bank chief voiced doubts over the need for joint European Union debt issuance.
Belgian PM wants European boycott of Israeli business from Occupied Territories
The move would block agricultural products like dates, olive oil, and wine from the Occupied Territories from entering the EU
Xi Jinping visits Europe at a time of internal division
Xi Jinping has begun his first European visit in five years, one likely to be dominated by the war in Ukraine and growing economic tensions between Beijing and Brussels.
Gazprom plunges to first annual loss in 20 years as trade with Europe hit
Kremlin-owned gas giant Gazprom said on Thursday, May 2 it plunged to a net loss of 629 billion roubles ($6.
EU ‘throwing out’ rulebook for Ukraine accession
The European Union is "throwing out" its own rulebook to enable the accession of Ukraine into the bloc, an influential policy expert in Hungary claimed.