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EU
Spain Unveils Radical 100% Percent Property Tax Plan for Non EU Buyers
In a bold move to address its escalating housing crisis, Spain has announced plans to implement a 100 per cent tax on property purchases made by non-EU buyers, including British citizens. The dramatic measure, unveiled by Prime Minister…
EU Plans Aggressive Measures Against Asian Online Retailers Temu and Shein As Package Volumes Soar
Brussels is preparing stringent measures to control the surging influx of packages from Asian online retailers Temu and Shein, as the EU grapples with a massive increase in e-commerce shipments circumventing customary checks.
The…
ECB Rate Cut Delay Draws Criticism from Leading Eurozone Economists
Nearly half of economists surveyed by the Financial Times have criticised the European Central Bank (ECB) for being too slow to implement interest rate cuts, suggesting the institution is falling behind market expectations and economic…
European Defence Giant Calls for Local Military Procurement to Match US Strategy
The European Union should mirror American approaches by advocating increased local procurement of military equipment to strengthen regional defence capabilities, according to a prominent German defence contractor.
Oliver Dörre, chief…
EU Set to Launch Climate Stress Tests for Critical Infrastructure Networks
The European Union is preparing to implement comprehensive "stress testing" protocols for railways and power grids, marking a significant shift in the bloc's approach to climate resilience. The initiative, scheduled for presentation next…
European Central Bank Faces Complex Decisions as Southern States Outperform Traditional Powerhouses
A significant shift in the Eurozone's economic landscape is emerging as the European Central Bank (ECB) grapples with an unprecedented reversal of fortunes among its member states. Countries previously devastated by the 2010s debt crisis…
German Tax Officials Storm Adidas Offices in Customs Probe
German tax authorities have conducted raids at Adidas headquarters and several satellite offices as part of an extensive investigation into potential customs and import regulation breaches. The probe, spanning from October 2019 to August…
Bic Acquires Dragons Den Reject Tangle Teezer in €200 Million Euro Deal
The French pen manufacturer Bic has announced its acquisition of British hairbrush company Tangle Teezer for €200 million, marking a significant victory for a business famously rejected on BBC's Dragons' Den in 2007.
The remarkable…
St Pancras International Station Set For Major Capacity Boost To Meet Growing Rail Demand
London's St Pancras station owner has unveiled ambitious plans to more than double the passenger handling capacity of Britain's sole international rail terminal, responding to surging demand for high-speed rail travel across Europe.…
EU Moves to Block UK Access to European Energy Market Despite Industry Protests
Brussels has issued guidance to EU member states advising against granting the UK expanded access to the bloc's electricity markets, despite warnings from industry leaders that this stance could result in higher energy costs and impede…
Trade War Impact Could Force Eurozone Interest Rates to Emergency Levels Pimco Reports
Investment management giant Pimco has issued a stark warning about the potential consequences of a Trump-initiated trade war, suggesting it could push Eurozone interest rates back to "emergency levels" as policymakers attempt to shield the…
Europe Contemplates €500 Billion Euro Defence Fund Amid US Security Concerns
European Union nations are deep in discussions regarding a proposed €500 billion joint defence fund, marking a significant shift in the continent's military financing strategy. The ambitious plan, which would utilise bond markets to boost…
French Political Crisis Deepens as Macron Refuses to Step Down After Government Collapse
President Emmanuel Macron has firmly rejected calls to relinquish power following the historic no-confidence vote that toppled Prime Minister Michel Barnier's government, accusing opposition parties of choosing "chaos" over stability.…
EU Must Expand or Face Growing Economic Gap with US Says IMF Report
The European Union is facing a critical economic challenge as the International Monetary Fund (IMF) warns of a persistent 30 per cent income growth gap with the United States. This substantial divide can only be addressed through deeper…
Blackstone Invests More Than €500 Million Euros in Southern European Tourism Boom
The world's largest real estate investor, Blackstone, has deployed over half a billion euros into southern European hospitality assets during the past year, capitalising on the flourishing post-pandemic travel sector. The investment giant's…
European AI Champion Mistral Expands Silicon Valley Presence in Global Talent Hunt
Paris-based artificial intelligence powerhouse Mistral is intensifying its presence in Silicon Valley, marking a strategic shift in its quest to compete with American tech giants for top-tier AI talent. The European firm, valued at €6…
Chinese Bulk Carrier Under Investigation After Baltic Sea Cable Damage Raises Security Concerns
Swedish authorities have launched an investigation into a Chinese-registered vessel's movements coinciding with the severance of two critical undersea data cables in the Baltic Sea, marking the latest in a series of infrastructure security…
European Tech Investor Xavier Niel Warns AI Startups Against Early Exit Strategies
French billionaire Xavier Niel, a prominent European technology investor, has issued a stark warning to the continent's artificial intelligence startups, urging them to resist the temptation of early buyouts from larger competitors. The…