Economy & Jobs Archives

EU member states and the European Parliament continued to disagree on Friday (18 September) on whether to increase the Union’s long-term budget, complicating attempts to reach a quick agreement on the badly needed recovery fund for the member states.

Leaders of Europe's coronavirus-stricken travel and tourism industries have appealed to the EU's chief executive to press governments to end quarantine requirements and instead embrace coordinated restrictions and testing.

The approval process for the EU’s €750 billion recovery funds may take longer than foreseen, and it would be optimistic to expect the first disbursements by mid-2021, an EU official said on Thursday (17 September).

The European Parliament voted on Wednesday (16 September) in favour of assigning new tax revenues to the European Union to repay the bloc's intended joint borrowing of €750 billion for economic recovery after the COVID-19 pandemic.

In her first State of the Union speech, delivered on Wednesday (16 September), European Commission President Ursula von der Leyen positioned herself as a bulwark against the unravelling of EU values that is already underway in many of the member states.

The World Trade Organization has upheld a complaint by China over additional US duties on some $250 billion of Chinese goods, a decision that sparked outrage in Washington.

The European Union is expected to throw the City of London an 18-month lifeline to continue clearing euro derivatives after Britain's unfettered access to the bloc ends in January, industry sources said on Tuesday (15 September).

The EU’s Emissions Trading System (ETS) of offering free pollution permits needs to be reviewed and aligned more closely with climate policy if the bloc wants to reap its full benefits, the European Court of Auditors said on Tuesday (15 September).

The pandemic that washed over Europe did not only lay bare the continent's health vulnerabilities but also exposed the consequences of deep-seated inequalities. A report by the EU's Fundamental Rights Agency (FRA) published in April acknowledged the …

The European Commission plans to withdraw free allowances given to polluting industries under the EU’s emission trading system (ETS) in order to clear the way for their inclusion in the bloc's upcoming carbon border adjustment mechanism, the EU executive's vice-president, Valdis Dombrovskis, said on Monday (14 September).

With its Climate Law, Europe will be the first continent in the world to have a climate neutrality target for 2050. Whilst this will produce a positive environmental impact, it is expected that some sectors will suffer economically with job …

The European Commission has a unique opportunity to issue green bonds to finance the EU's coronavirus recovery plan and ensure overall investment coherence with the Green Deal, write Pascal Canfin and Bas Eickhout.

Some 73% of German workers are happy with their company’s handling of the coronavirus, according to a recent survey. A majority also reported that their employers had created new opportunities to work from home. For many German companies, works councils played an important role in negotiating and implementing these changes. 

Europe and Britain's car industries called on Monday (14 September) on the two sides to urgently clinch a free trade agreement, warning that a disorderly Brexit would cost the sector €110 billion in lost trade over the next five years.

With EU-China relations being put to the test this year, policymakers in both parties have been in talks over how best to chart new bonds as part of the economic recovery from the coronavirus pandemic. This report, sponsored by the Chinese …

The finance ministers of France, Germany, Italy, the Netherlands and Spain called on the European Commission to include “strong rules” in its upcoming cryptocurrency proposal, in particular for global digital tokens like Facebook’s Libra.

Last week’s revelations of how Amazon has ramped up its surveillance of workers were yet another reminder that working people need the EU to step up, writes Oliver Roethig.

Two European lawmakers, Victor Negrescu and Eva Maydell, set out their plans for how a European Education Alliance can help advance education across the bloc.

European Central Bank President Christine Lagarde voiced hope on Thursday (10 September) that EU-UK negotiations on a post-Brexit trade deal will lead to a positive outcome, in spite of the “negotiation posturing” seen in recent days.

Diplomatic and economic ties between the EU and China have suffered a setback over recent months and the business community has a "less favourable view regarding the ease of doing business in the EU," according to the Chinese Chamber of Commerce to the EU (CCCEU).

Trade Commissioner nominee Valdis Dombrovskis faces a packed in-tray. The EU's trade policy needs a complete overhaul in order to be adapted to the EU’s new sustainability goals and to harness globalization, write Anna Cavazzini and Saskia Bricmont.