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EU
From 2025, the UK and EU will hold regular summits of their leaders.
After a meeting between the EU and UK in Brussels to "reset" post-Brexit relationships, the EU and UK committed to holding the first of a series annual summits in 2019. The meeting with European Commission President Ursula von der Leyen UK…
German economy stuck in a vicious cycle of stagnation
After a key activity measure fell for the fifth month in a row in September, economists warned that Germany's economy was stuck in a vicious cycle of stagnation. This month, the Ifo monthly business climate index fell from 86.6 down to…
Berlin rejects the takeover of Commerzbank, as Unicredit increases its stake
Germany has escalated the battle for the future of Commerzbank, after Berlin said it was against a takeover just hours after Italy's UniCredit announced it had increased its share in the Frankfurt-based bank. UniCredit shocked the European…
European governments sell off €16bn in bank stocks
Over the last year, European governments have sold more than €16bn in bailed out bank stocks as they try to put an end to the effects of the global economic crisis.
The government has been able to take advantage of the share price…
Apple loses landmark tax dispute with the EU
Apple lost a €13-billion battle against unpaid taxes, a landmark in European Union law over "sweetheart tax deals".
The European Court of Justice reversed an earlier ruling that favored the technology group and found that Ireland…
France requests more time from the EU to submit a debt plan
The French government has requested more time from the European Commission to present its plans for debt reduction and deficit reduction. This comes as Michel Barnier, the new prime minister, works to form a government in a context of…
Chinese Electric Vehicle Sales Falter in Europe as EU Tariffs Take Effect
The European electric vehicle (EV) market is undergoing a notable transformation as Chinese manufacturers respond to newly imposed European Union tariffs. According to data from automotive analyst Dataforce, the market share of Chinese EVs…
Spain Blocks Hungarian Consortiums Bid for Trainmaker Talgo Citing National Security Concerns
The Spanish government has taken the extraordinary step of blocking a €619 million bid by a Hungarian consortium to acquire the Spanish trainmaker Talgo, labelling the move a threat to national security and public order. The decision,…
Keir Starmer Seeks New UK-German Treaty in Berlin Talks with Olaf Scholz
Prime Minister Keir Starmer has initiated efforts to secure a new bilateral treaty with Germany during discussions with Chancellor Olaf Scholz in Berlin. The meeting, which took place on Wednesday, is part of Starmer's broader strategy to…
Brexit Seed Import Delays Threaten UK Crop Production and Food Security
The introduction of post-Brexit border rules on 30 April has led to significant delays in seed imports from the EU, causing concern among UK vegetable growers. The British Tomato Growers' Association (BTGA) and the Cucumber and Pepper…
EU demands better relations with UK
Brussels warned the UK that it must implement the existing Brexit agreements regarding Northern Ireland, and the rights for EU citizens in Britain, if it wanted to improve its relationship with the bloc.
The Prime Minister, Sir Keir…
OpenAI, Europe’s answer will be launched in 2023. Now, it’s worth €6bn
Arthur Mensch is a Paris celebrity. The entrepreneur, who is also the chief executive officer of Mistral (Europe's answer to OpenAI), has become a celebrity not only in Silicon Valley but in his own country.
Mistral, named after the…
UK and EU to hold first summit for improved post-Brexit relations
In the next few months, Britain and the EU will hold their first ever bilateral summit as part of Labour Premier Sir Keir starmer's efforts to "reset", post-Brexit relationships with Brussels.
Officials from the EU and Britain have…
Labour seeks joint declaration with EU regarding wide-ranging Security Pact
The foreign secretary, David Lammy has stated that Labour wants a broad joint declaration with the EU in order to introduce a comprehensive security pact, covering defence, energy and pandemics, as well as the climate crisis.
Lammy said…
Shein and Temu could be hurt by EU import duties on cheap goods
The EU has plans to charge customs duties on low-cost goods. This could affect imports from online retailers, and a London listing that was hoped for by fast-fashion seller Shein.
This potential change is a response to growing concerns…
Italian military signs €20bn deal for new tanks
Two of Europe's largest arms companies will form a joint venture worth €20 billion to build tanks. Leonardo and Rheinmetall announced that they would jointly develop, industrialise, and market a fourth generation main battle tank to be used…
Fears about French bonds cause the EU inflation rate to fall
The European Central Bank (ECB) is "very worried" that member states are not adhering to the fiscal rules of Brussels. This is because the bank fears it will be unable to use its emergency tool to prevent a French bond market crash after…
Report warns that EU job deal unlikely to benefit UK professionals
The external auditor of the EU has warned that a proposed agreement between the UK and EU allowing lawyers, bankers, or architects to work more easily across the continent will not solve the mobility issues faced by professionals after…