Ørsted cancels huge British wind-farm project over soaring costs
Ørsted, the world's biggest offshore wind-farm developer, has decided to drop a major offshore project in the UK, saying it lacked economic sense.
Economy
Latest reporting and analysis on economy.
EU auditors slam ‘weak and insufficient oversight’ of costly Covid recovery fund
In a highly critical report, the European Court of Auditors (ECS) has sharply condemned what it said was the European Union’s lack of oversight in spending €650…
UK-India free-trade deal may offer EU an example of US tariffs relief
Britain and India have clinched a long-coveted free-trade pact after tariff turmoil sparked by US President Donald Trump forced the two sides to hasten efforts to…
European car-giant chiefs say EU’s ‘disastrous’ regulations crippling business
The European car market was said to be in great peril because of "green" overregulation from Brussels, killing the industry.
Swedish PM believes NATO defence spending target will hit 3.5 per cent of GDP
Swedish Prime Minister Ulf Kristersson said he anticipated that the NATO members' defence spending norm would sharply rise in the short term.
EU’s Russian gas ban in doubt amid bloc unanimity concerns
The European Union's plan to ban Russian gas imports by 2027 was at risk of being derailed by internal divisions and procedural burdens, according to Belgian MEP…
Belgium says medicine security should be a matter of national defence
Amid growing geopolitical strain and supply chain vulnerabilities, Belgium’s health ministry has called for medicine security to be treated as a matter of national…
Trump’s demand for US tariffs on foreign movies may put EU film industry at risk
US President Donald Trump has demanded a 100 per cent tariff on foreign films, meaning the European movie industry might be badly hit.
Global energy: Meetings in Riyadh between Russia and US weren’t merely about Ukraine
Could a great bargain be lurking just beneath the surface, ready to be struck in the fog of geopolitical manoeuvring?
Fed up with delays: Switzerland severs two train links with Germany
The Swiss State railway company SBB has announced it was severing two train connections with Germany, effective immediately.
Ryanair ‘could abandon’ huge Boeing order over US tariffs, cites Chinese alternatives
Irish airline Ryanair has warned it may reconsider its multibillion-dollar aircraft deal with Boeing if proposed US tariffs significantly raised the cost of US-made…
Parts of Brussels housing market impacted by drugs issues
The Belgian capital Brussels has remained the country’s most expensive region for real estate but concerns over illegal drug activity have driven sharp local price…
Cars, planes and tariffs: EU gets a window seat on developments
The US President Donald Trump has slashed tariffs on car parts to support domestic factories while doubling down on duties in the aviation sector.
France-based nuclear fusion clean-energy project hits key milestone
A much-delayed nuclear fusion project based in southern France and involving more than 30 countries was said to be ready to assemble the world's most powerful magnet…
12 EU states request deficit rules leniency as euro bloc’s economy growth tops expectations
Twelve European Union countries have requested activation of the "national escape clause" from EU deficit rules in order to boost their defence spending, the European…
Critical Medicines Act: Europe’s big idea risks being ‘just another layer’
While the European Commission’s proposed Critical Medicines Act was welcomed for aiming to strengthen supply chains, member state officials and industry experts…
Spain ‘ignored numerous warnings about blackouts due to renewables’
Spain was warned well before the outage across the Iberian Peninsula that it risked severe energy blackouts due to its reliance on renewable energy, it has been…
Canada Liberals squeak back into office claiming to ‘stand up to American ogre’
The Canadian election on Monday only partially confirmed the trend of the last Italian and Argentinian elections, the US election in November and the subsequent…
Sanctions loophole: Oil price fall lets Greek ships resume Russian crude trade
Greek oil tankers have quietly resumed shipping Russian crude as Urals Oil prices slide under the G7 cap, exposing a Western sanctions loophole.
Questions arise about role of renewable energy after international electricity blackout
While Spain and Portugal are slowly recovering from the electricity blackout that put both countries to a standstill, experts have been pointing out that renewable…
Porsche slashes outlook as US tariffs, China slump dim prospects
Porsche's margins plunged in the first quarter, the sports car maker said on Tuesday, forcing it to cut its outlook due to weakness in its key market China, a slowing shift…
Brussels Signal news chief reports from international blackout
Brussels Signal's head of news, Justin Stares, was in Spain during the mega blackout hitting the Iberian Peninsula and has reported from the scene.
Volvo plans cost cuts of €1.6 billion and staff reductions
Swedish automaker Volvo Cars has announced a cost-cutting initiative worth 18 billion Swedish krona (€1.
Germany’s CDU choice of new ministers shows it is ‘on its path towards the Left’
Germany’s incoming chancellor Friedrich Merz, leader of the Christian Democratic Union (CDU) has chosen his candidates for the top executive positions his party…
European arms suppliers set to miss out on EU defence budget surge
Foreign weapons and defence technology makers seem poised to cash in on Europe's defence boom, side-lining the continent’s own industry despite soaring military…
Photo story : Spain and Portugal hit by massive power blackout
Spain and Portugal experienced a major power outage that disrupted public transport, caused heavy traffic congestion, and delayed numerous flights.
Germany seeks exemption from EU fiscal rule to aid defence spending
Germany’s outgoing finance minister Jörg Kukies has asked the European Commission to allow Germany temporarily to ignore strict European Union rules that limit…
General power blackout leaves Spain, Portugal and part of France in the dark
Southern Europe was hit by a major electricity outage affecting millions of people in the Iberian Peninsula and beyond, paralysing infrastructure, communication…
EU looks to breathe new life into trade talks as US tariffs upend economic world order
The European Union has scrambled to revive long-stalled trade talks amid trade tensions caused by US President Donald Trump's global range of tariffs.
Young Belgians boost property market, except in expat-heavy Brussels
Young Belgians are fuelling a rebound in the property market outside the country's capital Brussels, where rising housing prices and competition from EU officials…