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Europe News

German politicians furious at von der Leyen over new EU-US trade deal

German businesses and politicians are shocked by the customs deal that EU executive chief Ursula von der Leyen negotiated with the US president, seen as potentially damaging to Germany's economy.

Business

Student rentals exceed €400 for the first time in Portugal

Lisbon is Portugal's most expensive city for student rentals. For the first time ever, the average room price in Portugal has exceeded €400 per month.

Focus

Kazakhstan is drawing foreign direct investment, even as global FDI flows slow. Here’s how:

In partnership with MDQ

FDI in Kazakhstan is slowing, but multibillion-euro deals are still landing. Officials call the shift cyclical, not a sign of waning investor confidence.

Economy

ECB hits pause button: Here’s why Lagarde isn’t rushing things

The European Central Bank kept rates unchanged as inflation hit its 2% target. Lagarde urged patience, citing global risks and reaffirming a data-driven approach.

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Europe News

Germany's top firms present investment push to revive economy

Around 60 leading German companies pledged a major "Made for Germany" investment initiative on Monday, aiming to boost investor confidence in the country after two years of recession.

EuroVerify

Fact check: Which European country has the most public holidays?

A proposal by France's prime minister to get rid of two public holidays has prompted a discussion as to where in Europe workers get the most additional days off.

The Big Question

Apple, BP and Orsted: Can we trust corporate sustainability pledges?

“If a product or an action damages the environment, it's not high quality,” Chris Hocknell told The Big Question.

Health news

Why some countries’ healthcare spending is more wasteful than others

After a certain level, national health care spending has diminishing returns for people’s wellbeing, a new study says.

The Exchange

The tariff ripple effect on global trade

In partnership with Media City

The Trump administration’s ‘Liberation Day’ tariffs introduced in April has caused uncertainty and sparked a number of trade negotiations with the US’s biggest trading partners, but consumers all over the world are feeling the pain of inflation and price increases caused by supply chain disruptions.

Focus

ECO summit in Azerbaijan focuses on trade routes and cooperation

In partnership with Azpromo

At the 17th Economic Cooperation Organization summit in Khankendi, Azerbaijan, leaders prioritised trade, transport corridors, and stronger regional ties across member states and invited countries.

Economy

Chinese economy grows at a 5.2% annual pace despite trade war

China achieved GDP growth for the last quarter above the official 5% target, although strong exports to markets aside from the US masked weak domestic consumption.

Economy

Heatwaves: Which European countries face the biggest economic losses?

Rising heat is already affecting Europe’s economy, and researchers warn the losses in GDP and productivity will worsen in the decades ahead.

EuroVerify

Fact check: Which eurozone country is creating the most jobs?

Spanish Prime Minister Pedro Sánchez recently said that his country was responsible for creating half of all new jobs in the eurozone, but is this true?

Economy

Trump talks of new August tariff date and looks for more trade deals

The US president warned that tariffs would return to their higher rates on 1 August, after the proposed 9 July deadline.

USA

Donald Trump says new tariffs of up to 70% will begin 1 August

Donald Trump stated that "10 or 12" letters would be sent out on Friday, with others to follow, ahead of a 9 July deadline for countries to strike deals and avoid higher import costs.

Business

Poland trials a four-day working week: A step towards the future?

Poland will start its first-ever pilot of a shortened working week this July as the government seeks to meet social needs.

Europe in Motion

How crucial is the strait of Hormuz to the global energy market?

Although Israel and Iran's ceasefire which came into force on Tuesday removed the pending threat of the Strait of Hormuz's closure, this is not the first time that Iran has said it would block it.

Travel News

How the water gun became a symbol of Spain's overtourism protests

The phenomenon started last July, when a fringe, left-wing activist group held its first successful rally.

Europe News

How can the EU respond to companies moving their production elsewhere?

MEPs are calling on the European Parliament to take action against industrial relocations after the BSH Domestic Appliances group announced the closure of a 650-employee factory in Spain.

Syria

Syria's economy needs 'substantial' international support, IMF says

Since long-time authoritarian leader Bashar al-Assad was ousted in December countries have started restoring ties with Damascus, with some lifting sanctions in a bid to kickstart the economy.