With the Middle East ablaze and the world in conflict, Europe must rethink its energy strategy — now
The Middle East is on fire. As Israel strikes Iran and Tehran responds, Europe, too, will pay the price.
Economy
Latest reporting and analysis on economy.
China’s structural slump may fuel flood of cheap goods to EU
China's factories have been producing more than its domestic market can absorb, and those goods are headed to Europe.
Spain’s VOX aims to save olive groves from solar-power push
Spain's populist right-wing party VOX has presented a bill to stop the advance of solar power panels at the expense of olive groves.
DPG media, after cheap EU loan, gives €35 million to shareholders
Epifin, the holding company which controls DPG Media, has decided to distribute a €35 million dividend.
Ireland marks highest employment rise in sluggish EU labour market
Ireland has left the rest of Europe in the dust when it comes to job creation.
World Bank abolishes financing ban on nuclear power projects
The World Bank's board has agreed to lift a longstanding ban on financing nuclear energy projects.
New Belgian offshore wind farms ‘likely to cut output of older ones’
New wind farms planned for construction off the Belgian coast by 2030 could reduce the electricity output of existing wind farms to the east by up to 15 per cent.
‘It’s the solar power’: Spanish TV exposes technicians’ internal conversations prior to blackout
Spain's Telecinco TV channel has accessed the internal exchanges of Red Eléctrica technicians which are under analysis by an investigative committee.
France rejects tax hike for ultra-rich; art forger sentenced for duping wealthy
France's Senate rejected a draft law to make the ultra-rich pay at least a 2 per cent tax on their fortunes, as the government sought to cut an alarming deficit.
German economy forecast to grow in 2026 after three years of dismal results
According to the Munich-based Ifo Institute for Economic Research and the Kiel Institute Summer Forecast report on June 12, German economic growth was set to accelerate…
EU to cut Russia’s oil cash, if the West can agree
Brussels said it wanted to squeeze Moscow's war chest by slashing the price Russia charged for crude oil.
EU swaps UAE for Monaco on list of financial high-risk countries
The European Commission swapped the United Arabic Emirates (UAE) for Monaco, in its recently updated list of third countries with "strategic deficiencies" in their…
EU and UK sign ‘historic’ deal on Gibraltar ‘reset’
The European Union and Britain sealed an agreement on the status of the territory of Gibraltar, in what was billed as a "historic" breakthrough five years after…
IEA and EC signal China’s clean-tech ‘paradox’
China has been driving a global boom in clean energy investment while expanding its coal footprint at home and abroad.
ECB signs co-operation pact with China, pushing for policy reforms
The European Central Bank (ECB) signed a non-binding co-operation agreement with the People’s Bank of China and ECB President Christine Lagarde used the occasion…
Belgian finance agency warns debt to reach 120% of GDP
Belgium’s public finances have veered further off track, with official projections now pointing to a national debt load of 120 per cent of GDP by 2030 – a level…
Polish court rules some EU energy policy laws ‘unconstitutional’
Poland’s Constitutional Tribunal, a court (TK), has ruled some European Union regulations on energy policy to be incompatible with the Polish Constitution on the…
‘Strict anti-tobacco legislation has backfired,’ KPMG study indicates
European countries have been struggling with illicit tobacco trade but their own policies were making matters worse, a study has shown.
UK multinational’s boss warns half of Antwerp industry set to vanish
Jim Ratcliffe, the owner of UK multinational chemicals and energy giant INEOS, has warned that half of the industry located in Antwerp, Europe's second-largest port,…
Germany’s Die Linke demands ‘heat holidays’ for workers
German left-wing party Die Linke has demanded a reduction in working hours when workplace temperatures rise above certain levels.
German exports to US drop substantially as global trade shifts
Germany’s exports to the US have slumped, according to the latest data by the Federal Statistical Office (Destatis).
EC wants to educate senior citizens in finance
The European Commission said it wanted to boost financial literacy among older Europeans — and saw pensions as the way to approach the issue.
Much-needed critical minerals require ‘investments, not commitment’, IEA warns
Investment in critical minerals has started to fall, just as global demand accelerates, warned the International Energy Agency.
EC funding fuelled ‘green’ NGOs’ litigation against European companies
The European Commission paid activists to target private companies in the courts, expanding Europe's shadow lobbying scandal, according to German news reports.
UK makes solar panels mandatory on most new homes
The “vast majority” of new homes in England will soon be fitted with solar panels as standard, UK energy secretary Ed Miliband has confirmed.
‘Economic liberalism no longer working,’ international officials warn
Japan’s economy minister Minoru Kiuchi has warned that the risks of economic liberalism now rivalled its benefits as a growing number of governments have been…
‘Europe overestimates Ukraine,’ says its ambassador
The European Union has grown accustomed to the war in Ukraine and was overestimating the country’s resilience, Ukraine’s ambassador to the EU in Brussels said.
‘Stop flood of incoming steel,’ EU industry begs Brussels
The steel industry has issued a stark warning in Brussels, urging the European Union to take decisive action against surging imports of cheap metal.
Czechia to build new nuclear reactors after high court overturns ruling
Czechia has joined the European countries in re-embracing nuclear energy.
Activists lobby European Parliament for moratorium on new windmills
A group of activists demanding a stop to the construction of new wind farms and large solar plants in Europe have rallied in front of the European Parliament in…