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Travel News

UK axes tax-free shopping for international travellers

The government believes it could save more than €2 billion but tourism chiefs say the u-turn is a ‘hammer blow’ for the sector.

Europe News

After years of EU scrutiny, Greece promises balanced budget

Greece has promised to return to a budget surplus in 2023, submitting its first spending blueprint in 12 years that is not under the direct scrutiny of European bailout lenders.

Nature

UK government accused of launching a ‘full-on attack’ on nature

Charities dedicated to protecting wildlife and nature in the UK say that recent government decisions are putting the environment at risk.

Stays

Are Airbnbs more cost-effective than hotels?

Airbnb is rarely a money-savvy choice for short stays but remains the best option for big groups, study finds.

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World News

Lithuania offers a large support package on energy prices

Up against an energy price catastrophe, the Lithuanian government will present a package of financial support which they say will be among the largest in the EU measured by the share of GDP.

Money

What is 'cashstuffing,' the latest money-saving TikTok trend?

The generations born in the digital age are turning to an old-fashioned practice for saving money.

My Europe Series

How European countries stand on 2% of GDP defence spending

Two per cent defence spending is the new gospel in Europe. But not everyone is living up to their professed ideals.

Greece

Greece: Protest against budget constrained by pandemic costs

Some 2,000 people staged a protest during a parliamentary budget debate on Thursday to demand higher wages and pensions.

Israel

Israeli parliament passes budget, clearing key hurdle

Israel's parliament passed a national budget for the first time in three years early on Thursday.

Climate

What is the 'carbon budget', latest term coming out of COP26 talks?

"Carbon budgets" is the latest term coming out of COP26 talks in Glasgow, and many wonders who set them and what role they play in fighting climate change.

Green News

Days before COP26, UK budget ‘flies in the face’ of climate logic

British Chancellor Rishi Sunak’s budget speech failed to mention tackling the climate crisis and made pledges that could drive emissions up.

United Kingdom

UK government unveils budget for 'post-COVID economy'

The Chancellor of the Exchequer said that "this budget is focused on investment and a more innovative and skilled economy," but the opposition has railed against tax cuts for banks and short-haul flights.

Portugal

Portugal faces snap elections after MPs reject budget

Portuguese MPs have rejected the proposed 2022 state budget, leading to the likelihood of an early election.

Portugal

Portugal could see snap election as coalition in tatters over budget

A political crisis is looming in Portugal as the minority Socialist government struggles to win support for its state budget from other left-of-centre parties.

Travel News

Which is Europe’s best budget airline?

We take a deep dive into the prices, customer service, and routes offered by Ryanair, EasyJet and Wizz Air.

Spain

Spain's government eyes rent controls in new housing bill

The most controversial provision in the bill would set price hike caps for landlords with multiple residential properties.

Romania

Romanian government faces vote of confidence in parliament

Left-wing opposition parties have accused Romanian Prime Minister Florin Citu of "leading the country towards the abyss".

USA

Joe Biden's $6T budget: Social spending, taxes on business

US President Joe Biden unveiled a $6 trillion budget for next year with new safety net programs for the poor and middle class. It would use tax hikes on businesses and high-earning people to power huge new social programs.

Economy

EU governments agree to continue uncapped spending until mid-2022

European Union finance ministers said during a video conference on Tuesday that unlimited spending must be allowed until the recovery from the pandemic is secure.

Europe News

Brussels concerned that Italy crisis will delay pandemic spending

Prime Minister Giuseppe Conte's resignation is raising questions over Italy's ability to effectively distribute the recovery funds it is set to receive.