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Business

Trump's tariff hikes could speed up China's shift to new markets

The US has for years been a major destination for Chinese goods, but exporters are reducing their reliance on the world’s largest consumer market as Beijing and Washington feud over trade.

Business

Thyssenkrupp plans to cut total of 11,000 jobs in troubled steel unit

Germany's largest steelmaker is proposing to cut 5,000 jobs from the workforce and outsource another 6,000 as it seeks to cut staff costs by around 10%.

Business

Mercedes reveals plans to cut costs by several billion euros per year

Mercedes has revealed plans for substantial cost cuts of several billion euros in the coming years. However, specific details on how these costs will be reduced and which locations will be affected has not yet been detailed.

Markets

Why do Europe's equity titans lag behind the US Magnificent Seven?

European mega-caps trail US 'Magnificent Seven' amid lack of artificial intelligence gains, while also facing China's slowdown and rising geopolitical risks amid tariff uncertainties.

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The Europe Conversation

No U-Turn on Chinese car tariffs, Spain’s finance minister says

In an interview with Euronews’ Europe Conversation, Carlos Cuerpo spoke of the economic impact of recent devastating floods, and how Europe should respond to US President Donald Trump

Europe News

EU foreign affairs chiefs discuss Ukraine after Biden lifts arms veto

The meeting of EU foreign affairs ministers comes a day after Russia launched another massive attack of drones and missiles against Ukraine.

Europe News

EU increasingly convinced Russia is producing lethal drones in China

Diplomats in Brussels have received "convincing" evidence showing Russia has built a factory in China to produce lethal drones.

Markets

Hopes for luxury goods market as China's retail sales surge in October

China released economic data revealing a boost in retail sales and slower declines in home prices, signalling economic recovery amid recent stimulus efforts. This recovery could benefit European luxury and mining stocks, as China's demand strengthens.

Business

Market winners and losers as Trump secures historic victory

As Donald Trump returns as the 47th US president, several markets respond strongly to his policy shift. Here are five winners and losers as investors adjust to the new US administration.

Europe News

EU-Mercosur trade deal could be 'fair,' Šefčovič promises

Grilled by MEPs on the trade deal with Latin American countries, Slovakia’s Commissioner-designate defended a deal that would satisfy opponents demanding insurances for farmers and transparency.

Europe News

Chinese carmaker SAIC to sue EU over new 45% tariffs

State-owned carmaker SAIC Motor said it will take Brussels to the European Court of Justice to "protect its legitimate rights and interests," as the ongoing trade row escalates into products like brandy, dairy products and chemicals.

Radio Schuman

What's next in the EU-China trade tussle?

EU tariffs on Chinese electric vehicles (EV) came into force on Wednesday, October 30, and will remain in place for the next five years. But what's next in the ongoing trade tussle?

Economy

European tariffs on Chinese electric vehicles: All you need to know

EVs are the latest flash point in a broader trade dispute over Chinese government subsidies. The new levy concerns European car makers too.

Europe News

China takes EU to WTO over 'unreasonable' tariffs on electric cars

Trade frictions between the EU and China escalate as Beijing files a WTO lawsuit over the tariffs imposed on its electric cars.

World News

What would a Trump victory mean for EU-China relations?

The EU has said it wants to de-risk relations with Beijing, but could the bloc face more pressure to toughen its stance if Republican candidate Donald Trump wins next week?

Europe News

EU gives final green light to steep tariffs on Chinese electric cars

The extra tariffs on China-made electric cars will go ahead as planned, the European Commission has confirmed, despite ongoing talks with China.

Travel News

Can’t find a flight to China? Russian airspace closure may be why

Finnair has dropped from 42 to three direct flights from Helsinki to China in the last few years.

Europe News

'Act prudently': China slams EU Parliament over Taiwan resolution

Beijing has warned the European Parliament to "act prudently" on the issue of Taiwan, saying "it is a red line that must not be crossed."

Europe News

MEPs denounce China's 'continued military provocations' against Taiwan

China's "unwarranted military exercises" around Taiwan and "attempts to distort history" have been sharply rebuked by MEPs.

Business

Mercedes-Benz seeks to plug gap with own battery recycling factory

Mercedes is opening its own battery recycling plant in southern Germany, in an attempt to recover raw materials such as nickel, cobalt and lithium.