UK wins Tata nod for new ‘gigafactory’ in boost for post-Brexit car industry
The post-Brexit British car industry received a welcome boost after the UK saw off rival Spain as the location of choice for Indian giant Tata Group's new multi-billion…
Trade
Latest reporting and analysis on trade.
French pressure drives out American EC appointee
Fiona Scott Morton, the controversial American appointee to the European Commission, has backed out of taking up the role amid pressure from French ministers and…
Should German workers take siestas? Doctors say ‘yes’
The extremely high temperatures in parts of Europe this summer has led a doctors' organisation in Germany to suggest the introduction of a new daily work schedule…
Russia suspends participation in Black Sea grain deal
Russia has suspended its participation in the Black Sea grain export deal, the Kremlin said on July 17.
Switzerland now imports more cheese than it exports
Switzerland's exports of its world-renowned cheeses have been exceeded by foreign imports for the first time.
UN offers deal to Russia to extend grain agreement
UN Secretary-General Antonio Guterres has proposed a deal to Russian President Vladimir Putin that would extend the existing agreement allowing grain exports from…
Not Okay, Honey! Almost half of all EU imports are ‘laundered’
The honey trade between the European Union and China has soured, according to one MEP who branded current arrangements between the two powers regarding the sweet…
EU, Australia fail to conclude free trade agreement – for now
The European Union and Australia have failed to conclude talks on a planned free trade agreement after differences remained unresolved, notably on agricultural…
EU strikes deal on more ammunition for Ukraine
The European Council and European Parliament have struck a €500 million deal to ramp-up the production of ammunition for Ukraine and replenish Member States’…
EU sanctions ‘could cost Kosovo €500 million’
Kosovo risks losing up to half a billion euros in funding because of European Union sanctions arising amid tensions with Serbia.
EU-UK relations defrost but trade remains prickly topic
British Foreign Secretary James Cleverly has hailed a new "close and friendly" era in post-Brexit European Union-UK relations but admitted issues such as migration,…
EU considers concessions as Russia threatens Black Sea Grain Deal
The European Union is considering concessions that will allow more money to flow to Russia.
Australia says EU’s offer on free trade isn’t ‘good enough’
The European Union has failed to offer Australia satisfactory terms to seal a free-trade accord, Trade Minister Don Farrell said, as small but important sticking…
Horizon science talks ‘crunchy’ as UK and EU seek new deal, says Hunt
Negotiations over the renewal of UK participation in the European Union’s Horizon Europe science programme are ongoing, despite reaching a "crunchy" phase, according…
Brazil’s Lula says EU should ‘give up’ protectionism, be ‘more humble’
Brazil's President Luiz Inacio Lula da Silva said on June 22 that the European Union should stop adopting a protectionist stance if it wants to reach a long-delayed…
Europe is falling behind. Other than regulation, is it still a world leader at anything?
Who remembers the EU’s Lisbon strategy of 2000? Probably not many, so let’s revisit its ambitious goals.
UK dodges Brexit slump, says upbeat French bank report
Despite doom-laden headlines dogging the UK post-Brexit predicting prolonged economic misery, one of Europe’s biggest banks has now concluded that leaving the…
EU agriculture chief slams boss von der Leyen over farmers’ aid delay
European Commission President Ursula von der Leyen has been accused by one of her own top-ranking officials of dragging her feet over compensation payments to Member…
Putin says Russia thinking of ditching grain deal due to West’s ‘cheating’
President Vladimir Putin said on Tuesday that Russia was considering withdrawing from the Black Sea grain deal because the West had cheated Moscow by implementing…
Eurozone enters recession
The Eurozone is officially in recession, according to data released by Eurostat on June 8, after the 20-nation bloc suffered two consecutive quarters of economic…
Australia unhappy with EU trade talks progress, minister goes home
Australia's Trade Minister, Don Farrell, has left free-trade talks in Brussels, telling The Australian Financial Review it was “looking more difficult” to land…
Millions of tonnes of Ukrainian grain still stuck in Poland
Less than a quarter of the amount of Ukrainian grain that Polish farmers were promised would be exported out of their country by the start of next month, from a…
Meloni in 1 billion euro boost for Made in Italy brand
Italy's cabinet has approved a bill to help Italy's "Made in Italy" companies increase domestic supply chains.
Italy’s GDP growth surpasses France and Germany
In an unexpected turn of events, Italy's GDP has surged since the beginning of 2023, reversing a fall of 0.
Mercedes boss asks for delay to post-Brexit tariff rules
Ola Källenius, Mercedes-Benz’s chief executive, has slammed the European Union saying proposed new regulations will undermine competitiveness in the motor industry.
China’s Belt and Road Initiative is a threat to Italian sovereignty – Meloni is right to be wary
China's Belt and Road Initiative is a land and maritime infrastructure project developed by the People's Republic of China.
Local businesses already suffering as European Commission downgrades presence in ‘European quarter’
Businesses in the European quarter have resorted to promotional gimmicks to fill the hole left by the European Commission, which is downgrading its presence there.
EU economy dragged down by recession in Germany
The European Union’s biggest economy is in trouble, as new figures reveal Germany has officially entered a period of recession that puts the country in “the…
EU and G7 set to clamp down on Russian diamonds
The European Union has promised to limit trade in Russian diamonds as part of a broader western clampdown
Polish businesses ‘facing bankruptcy’ after Belarus border closure
A escalating spat between Poland and Belarus over an imprisoned journalist risks bankrupting Polish businesses, according to correspondence between the European…