Economy & Jobs


German finance minister announces comeback for debt brake in 2023

In his inaugural speech to the German parliament, the liberal finance minister Christian Lindner argued for fiscal restraint but showed openness for more public investment to strengthen growth and decarbonise the economy.

Croatia’s population drops nearly 10 percent in a decade

Croatia's population has shrunk by nearly 10% in the last decade due to an exodus fuelled by a flagging economy, the latest census showed Friday (14 January).
Global Europe 14-01-2022

Britain and India aim to finalise FTA agreement by year-end

Britain and India formally launched free trade agreement talks in New Delhi on Thursday (13 January) with the aim of wrapping up a deal by the end of the year that could boost annual bilateral trade by billions of pounds.

EU blocks merger of South Korean shipbuilders

The EU on Thursday (13 January) blocked the merger of two South Korean ship-making giants over concerns the deal would restrict the supply of large liquefied gas carriers, posing a threat to Europe's energy security.

Put co-innovation at the heart of EU green external relations

The EU needs to intensify its cooperation on green innovation with other parts of the world, writes Mats Engström.
Global Europe 13-01-2022

Britain and India to formally launch trade talks

Britain and India will on Thursday (13 January) formally launch free trade agreement talks in New Delhi, seeking freer movement of goods and people with a deal projected to increase bilateral trade by billions of pounds.

UK finance reigns in Europe despite Brexit fallout

One year after Britain's formal exit from the European Union, London's powerful City financial sector still reigns on the continent despite losing key business and bankers to rival hubs.
Coronavirus 11-01-2022

Half of Europe on track to catch Omicron, world economy at risk

More than half of people in Europe will likely catch Omicron by March, the World Health Organization said Tuesday (11 January), as the World Bank warned the contagious variant could hamper global economic recovery.

Pharma industry calls for stronger IP protection in free trade agreements

Amid global criticism for holding on to vaccine patents during the pandemic, a new study commissioned by the European pharmaceuticals industry claims that integrating stronger intellectual property protection into free trade agreements would benefit the EU economy.

Taiwan announces further $1 billion investment for Lithuania amid Beijing pressure

Taiwan announced the launch of a $1 billion credit programme to fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday (11 January).

Auditors: Berlin’s €60b climate fund booster ‘constitutionally questionable’

Germany's plans to supercharge its climate fund with unused credit lines from the COVID-19 pandemic in order to speed up the country's shift towards a green economy, have now been called into question by national auditors.
OpinionPromoted content

Sustainability disclosure: no longer about the why, it’s about the how

Sustainability issues are not stagnant, they evolve continuously and vary across different sectors. As a result, sustainability-related financial disclosure must incorporate industry-specific standards which can evolve to remain effective.

Omicron dents euro zone’s economic rebound

Eurozone economic sentiment dropped more than expected last month while inflation hit another record high, indicating the economy is under renewed stress as surging coronavirus infections force governments to tighten restrictions.

EU under pressure on ‘ghost flights’

The European Union is under increasing pressure to further ease rules on airport take-off and landing slots to cut the number of "ghost flights" airlines are running to retain them.
Climate change 31-12-2021

Scholz wants G7 to be pioneer for climate-friendly growth, social justice

Germany wants to use its G7 presidency to develop it into a club that is pioneering in its efforts to achieve green growth and a socially just world, Chancellor Olaf Scholz said in his first New Year's address.

2022: Fiscal showdown in uncertain economic circumstances

The EU's economic policy agenda for the coming year is packed with negotiations on the bloc's fiscal rules, tax policies, minimum wages, and financial regulations. Here is a comprehensive look at what is coming up.

Two decades on, euro can’t shake reputation as price driver

Europeans have been living with euro banknotes and coins for 20 years now, but many still point the finger at the single currency for covertly driving up consumer prices -- despite plenty of evidence to the contrary.

Spain moves to reduce ‘garbage’ temporary contracts

Spain's leftist cabinet approved Tuesday (28 December) a landmark labour law reform which aims to reduce the use of temporary contracts and boost job security.

Euro banknote artist fears redesign could revive rivalries

Twenty years after arriving in Europeans' wallets, euro banknotes will get a new look with help from the public, a process officials hope will make citizens feel closer to the single currency.

Spain parliament approves record 2022 budget

Spain’s fragmented parliament gave final approval Tuesday to the biggest budget in the country’s history, with billions of euros from EU’s huge Covid-19 recovery fund. Passage of the 2022 spending plan boosts the chances that Socialist Prime Minister Pedro Sanchez’s...

Health experts say Italy faces paralysis under quarantine rules

Health experts urged the Italian government on Monday (27 December) to relax COVID-19 quarantine rules, saying that the country otherwise risked paralysis as the highly infectious Omicron variant spreads.

In euro waiting room, Bulgarians divided about joining

Bulgaria could join the eurozone in 2024, but the EU's poorest country is divided over the prospect of ditching its national currency and joining the single European currency club.

Macron, Draghi call for reform of EU fiscal rules

French President Emmanuel Macron and Italian Prime Minister Mario Draghi called Thursday (23 December) on Brussels to reform its fiscal rules to allow greater investment spending while acknowledging the necessity to reduce debt. “Just as the rules could not be...

Greece to borrow 12 bln euros in 2022, issue first green bond

Greece plans to tap bond markets next year to borrow 12 billion euros ($13.6 billion), including issuing its first green bond, its debt agency (PDMA) said on Thursday as it outlined its 2022 funding strategy.