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Europe News
Defence industry warns EU to ‘urgently’ curb dependence on rare earths
Industry representatives and analysts say the restrictions highlight the EU’s urgent need to cut its dependence on Chinese critical materials, even as Brussels pushes to diversify supplies and boost domestic production through the Critical Raw Materials Act.
Economy
EU Commission slaps three major fashion brands with €157 million fine
An investigation launched in 2023 revealed that Gucci, Chloé and Loewe imposed their own pricing policies on retailers, thereby increasing product prices and reducing consumer choice. Gucci was hit the hardest, with a fine of €119 million.