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Tech News

Commission sets up expert group for AI trade secrets, copyright questions

The European Commission has set up an expert group to help the 27 EU member states with questions around the implementation of the AI Act and ensure harmonised application of the rules.

Europe News

EU-Mercosur trade talks still alive, Brussels says in rebuke to Macron

The European Commission assured on Tuesday that talks on the EU-Mercosur trade agreement continue after a French official claimed President Emmanuel Macron had convinced the bloc's executive to bury the deal.

Yemen

Who are Yemen’s Houthi rebels?

The group, a Zaidi Shiite movement that’s been fighting Yemen’s Sunni-majority government since the early 2000s, recently launched a series of attacks on commercial vessels in the Red Sea which have disrupted global trade.

Europe News

Red Sea crisis a risk for EU economy, trade chief warns

Trade disruptions caused by instability in the Red Sea pose a risk for the EU’s economic outlook as well as the supply and price of energy, the bloc’s trade commissioner Valdis Dombrovskis warned on Tuesday.

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Russia

Huge fire engulfs a warehouse outside St Petersburg

No casualties were reported in the blaze in the Russian city.

Europe News

China to investigate EU brandy imports in new anti-dumping probe

China is launching an anti-dumping probe into imports of brandy from the European Union, a move which follows the bloc’s trade inquiry into Chinese electric vehicles.

Economy

New risk to inflation? Cost of the Red Sea attacks on global trade

Higher shipping costs and longer delivery times bring a new risk to global inflation.

Europe News

Brussels extends trade truce with US to avoid new-year tariffs

The European Union today extended its trade truce with the United States for a further 15 months, preventing tariffs on trans-Atlantic trade worth billions of euros from kicking in automatically on January 1.

Economy

Spanish economy shows resilience as exports boom

Spanish exports exceeded €319.86 billion from January to October, an all-time high, according to government statistics released on Monday.

Business

BP pauses oil cargo on Red Sea as missile attacks affect global trade

Global trade is suffering a major setback from missile attacks in the Red Sea, where 10% of the world's seaborne trade passes through.

Economy

Euroviews. New India-Europe corridor brings opportunities and challenges alike

As the world moves towards "minilateralism" — meaning, small groups of countries cooperating to tackle collective issues or pursue goals — the IMEC presents the EU with an opportunity to grow its trade and improve its access to global markets, Osama Rizvi writes.

Economy

Chinese exports increase for the first time in six months

The increase comes as a surprise to analysts expecting a drop of more than 1% in the world’s second-biggest economy.

Economy

France trade deficit lifted in October by easing energy costs

The French trade balance improved by €200 million in October compared to the previous month. Euronews Business breaks down the latest economic data.

Business

Why has Italy abandoned the New Silk Road project with China?

Italy exits the New Silk Road: Euronews Business explores what this agreement encompasses and which countries are still involved.

Economy

Good news for the global economy in 2024? Here's the OECD's forecast

Euronews Business take a look at what the OECD projects in its latest analysis of the major global trends and prospects for the next two years.

Economy

Here's why EU imports and exports are seeing a downturn

Euronews Business takes a look at some of the reasons why EU imports and exports have been decreasing.

Markets

How a dark fleet of ships is helping Russia evade oil sanctions

A dark fleet, untraceable operators, and discounts helped Russian oil trade flow despite Western sanctions in the last 18 months.

Business

Maersk to slash 10,000 jobs over difficult container trade environment

Maersk, the world’s biggest shipping company, plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services.

Economy

China's economy grew by 4.9% but its outlook is still gloomy

The world's second-largest economy expanded by 4.9% year on year in the third quarter, beating analysts’ forecasts but showing signs of slowing down.

Europe News

EU must close raw materials deals to avoid being ‘weaponized' - Breton

The EU risks being ‘weaponized’ by other nations unless it moves urgently to close more trade deals for the supply of critical raw materials, EU commissioner for internal market Thierry Breton said on Thursday.