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Rheinmetall Chief urges Europe to develop defence technology champions
The head of Germany's biggest military contractor Rheinmetall has called on European countries to abandon their preference for national champions in favour of building larger, more specialised defense groups to compete against US rivals.…
EU investigates Apple and Alphabet owner Alphabet, Meta, under the new tech law
Apple, Google parent company Meta and Google are all being investigated by EU authorities for possible breaches of new EU laws designed to monitor anti-competitive behavior by large technology companies.
The three face substantial fines…
Chinese giant to build UK’s largest gigafactory
It has been revealed that a Chinese company, which makes batteries for BMW electric vehicles, is about to invest billions of pounds in the construction of Britain's largest gigafactory.
EVE Energy is the largest producer of cylindrical…
Investors place bets on European consumer goods as confidence in the economy grows
Investors buy shares in European travel, luxury and retail goods, betting on a recovery of the economy to encourage consumers to spend more on expensive holidays and items.
Renault and Stellantis, two carmakers, have both risen by more…
EU to use €27bn profit from frozen Russian assets as Ukraine funding
The EU will take a major step to confiscate a possible €27bn profit that could be generated by Russian assets in Europe, which are frozen for the next four-year period. This money would help finance the war effort in Ukraine.
Officials…
Motoring leaders claim that Britain has fallen behind the EU in driverless cars
UK start-ups have launched their technology overseas despite the regulatory uncertainty
Industry chiefs warn that Britain is falling behind Europe in the development of driverless cars, as slow regulation forces new start-ups and their…
Chief of European missile manufacturer urges UK to play a part in EU defence strategy
The CEO of MBDA (Europe's largest missile manufacturer) has urged EU decision-makers to ensure the UK is included in the new strategy for the bloc to develop its defence industry, as the region seeks a response to increasing geopolitical…
Belgian compromise saves new EU gig economy legislation from oblivion
After gaining the support of the majority of EU member states, new laws designed to enhance the rights of gig workers in the EU who are contracted by companies like Uber were saved from oblivion.
Last month, a group had blocked the…
Gazprom to sell North Sea Gas Assets
Gazprom, the Russian gas company, plans to sell off its stakes across North Sea assets. It faces compensation claims of multi-billion dollar value from European gas companies due to its drastic reduction of pipeline gas supply in 2022.…
Just Eat Takeaway’s profits are not enough to satisfy the public.
Just Eat Takeaway.com's share price and mood were not lifted by the delivery of jam today or the promise that more would be delivered tomorrow or later this year.
Europe's largest food delivery group has reported a massive jump in…
Gazprom grapples with collapse in sales to Europe
Vladimir Putin was effusive late last year after Gazprom reported record sales to China, telling chief executive and longtime ally Alexei Miller: "This is great, I congratulate you on the results of your work."
But the Russian…
The world’s largest solar company warns the west against cutting out Chinese suppliers
Solar panel manufacturers in Europe and the US have warned against excluding Chinese companies from renewable energy supply chains.
China dominates the solar manufacturing industry, with more than 80 percent of global production,…
Apple to be hit with the first ever music streaming fine of €500mn by EU
Five people who have direct knowledge of this long-running investigation claim that Brussels will impose the first fine ever on Apple for allegedly violating EU law regarding access to its streaming music services.
The fine is estimated…
Rocket Revolution threatens to undo years of European space unity
When he spoke to aerospace executives and innovators at Toulouse, the French president Emmanuel Macron had a combative tone.
"We have been fighting for months, saying that European sovereignty is European Unity. He told the gathering of…
EU approves €50bn package of support for Ukraine
After being pressed by his colleagues, Viktor Orban, the Hungarian prime minister, rescinded a veto he had previously taken on the financial aid package.
The compromise reached at an emergency EU summit came after an unprecedented…
Germany is on the brink of recession
Germany's economy contracted by 0.1% in 2023. This means that it is almost certain to have had the worst performance of the G7 club.
The largest economy in Europe has, however, avoided a technical contraction -- defined as two…
Apple App Store boss claims that EU digital regulations will negatively impact iPhone user…
Apple executive claims that new EU digital regulations are going to make it harder for users of Apple products, and put them at risk of security threats.
Apple's App Store head Phil Schiller said on Thursday that the new Digital Markets…
The spring is the time when household energy bills are set to fall.
As wholesale gas prices continue their decline despite the new global political turmoil, it is expected that household energy bills will fall by 16 percent or just under £300 per year starting in April.
Since the Ukraine War, Europe has…