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EU
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…
European Gas Markets Hit Yearly High as OMV Warns of Russian Supply Disruption
European gas prices soared to their highest levels in a year on Thursday following Austrian energy giant OMV's warning of potential supply disruptions from Russia. The European benchmark TTF futures witnessed a 5 per cent surge, reaching…
Spain Emerges As European Economic Powerhouse In 2024
Spain's remarkable economic performance stands in stark contrast to its European neighbours, achieving the highest growth rate among advanced economies with a 3.4 per cent year-on-year expansion in the third quarter of 2024.
The Spanish…
British Companies Set for £700 Million Pound Tax Windfall After EU Court Ruling
Major British corporations are poised to receive an unexpected £700 million windfall following the UK's successful appeal against a Brussels state aid restriction. The decision has prompted HM Revenue & Customs to initiate refunds to…
Billionaire Landowners Secure €33 Billion Euros in EU Agricultural Subsidies Over Four Year Period
A revealing investigation has uncovered that 17 billionaires received substantial EU farming subsidies through their corporate holdings between 2018 and 2021, raising serious questions about wealth concentration in European agriculture.…
Microsoft accuses Google’shadow campaigns’to undermine Microsoft’s business
Microsoft accused Google of "shadow campaigns" to undermine Microsoft's position with politicians and regulators. This is the latest example of escalating rivalry between tech giants when it comes to cloud computing and data centers.…
Intel wins EU legal battle against £880m Competition Fine
Intel, the US chipmaker, has won an ongoing battle against a fine of over €1bn levied by the European Commission due to its alleged abuse of market dominance when selling computer chips.
The European Court of Justice issued a final…
IMF warns that Europe’s economy is poised to fall behind the US.
IMF warns that the gap between the US and European gross domestic products will widen by the end decade. It also sounded the alarm over the "lack" of business dynamism on the continent.
In , the IMF's latest Economic Outlook for Europe,…
France warns US Sanofi buyer about penalties for moving production abroad
The French government warned a US-based private equity firm that was buying the consumer healthcare division of Sanofi, that it would face penalties exceeding EUR100m for not keeping production and jobs in France.
Sanofi is separating…
The EU vote is too close to call, and the Moldovan president has condemned ‘assaults’ on…
On Sunday, Moldova's president Maia Sandu blasted "foreign" forces for their "unprecedented attack" on democracy. A referendum on EU membership was still too close to call with only a few thousands ballots remaining to be counted. Early on…
Europe’s market watchdog wants to be the EU’s SEC
The EU's Financial Markets Watchdog is seeking expanded powers in order to supervise major stock exchanges and critical parts of the financial infrastructure of the EU. It wants to be a European equivalent of the US Securities and Exchange…
The European Central Bank has cut interest rates a third time in a year
The European Central Bank has reduced its interest rates for the first time in over a decade. It has lowered its key rate 25 basis points to help support a weakening eurozone economy. The bank has lowered its main deposit rate from 3.5 to…
Just Eat drops off the investor’s radar
Investors have taken a bite from the share price of Just Eat Takeaway after the group's third-quarter performance fell short of expectations due to a larger-than-expected drop in orders in North America.
The shares of the Amsterdam-based…
Vauxhall to decide on UK plant future ‘in the next few weeks’
Owners of Vauxhall Citroen Peugeot have said that a decision on the future of their UK plants will be taken "in the coming weeks" amid a dispute over government electric car quotas. Carlos Tavares has announced that Stellantis is close to…