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Europe

3 weeks ago

French Government Confronted with Wealth Tax Demands Amid Budget Strain

French Prime Minister faces mounting pressure as lawmakers and public opinion demand decisive action on taxation to address the country’s budget shortfall. Opposition parties and some members within the ruling coalition have

Europe

1 month ago

UniCredit Influence Reshapes Commerzbank a Year On

One year after Italy’s UniCredit increased its influence in Germany’s Commerzbank, the effects on the German lender’s strategy and operations are becoming clear. UniCredit’s involvement has brought new management perspectives, operational efficiencies,

Business·Europe

1 month ago

Merz Urges Germany to Reclaim Leadership in Auto Industry

German finance chief Friedrich Merz has urged the country to reclaim its leadership role in the global automotive industry, warning that Germany risks falling behind if it does not accelerate innovation and

ExxonMobil Explores Exit from European Chemical Sites

ExxonMobil is exploring the potential sale of several European chemical facilities, including an ethylene plant in Fife, Scotland, and multiple sites in Belgium, according to sources familiar with the matter. The company

1 month ago

Business

Mass Protests Erupt in Belgrade as Demonstrators Push for Early Elections

Tens of thousands of people rallied in Belgrade on Sunday, calling for snap parliamentary elections, in one of the largest opposition-led demonstrations in recent months. Protesters marched through the city center accusing

1 month ago

Europe

European Stocks Climb as Bonds Waver Ahead of Key U.S. Data

European equity markets gained ground as investors awaited a week packed with critical U.S. economic releases, while government bonds struggled to find direction. The rally in stocks was driven by optimism over

1 month ago

Markets

Germany’s Unemployment Exceeds Three Million for First Time in a Decade

Germany’s unemployment figures have risen above three million for the first time in ten years, according to the Federal Employment Agency. The increase reflects growing economic pressures, including higher energy costs and

1 month ago

Europe

Chancellor Merz Urges Germany to Diversify Trade Partnerships

German Chancellor Friedrich Merz has called for a strategic diversification of Germany’s trade relationships, urging the country to seek new international partners amid shifting global economic dynamics. Merz highlighted the need to

2 months ago

Europe

Denmark Abolishes Book Tax to Boost Reading and Literacy

Denmark has announced the removal of its book tax in an effort to combat a national “reading crisis” and encourage greater literacy among its population. The government says the move aims to

2 months ago

Business

Estonia Orders Russian Diplomat’s Expulsion Over EU Sanctions Breach

Estonia has expelled a Russian diplomat accused of breaching European Union sanctions, in a move that further strains already tense relations between Tallinn and Moscow. The Estonian foreign ministry said the decision

2 months ago

Europe

Kallas Calls Urgent EU Foreign Ministers Meeting on Ukraine for Monday

Estonian Prime Minister Kaja Kallas has announced a sudden meeting of EU foreign ministers scheduled for Monday to discuss the escalating situation in Ukraine. The urgent gathering underscores growing concerns within the

2 months ago

Europe

Reeves Confronts ‘Impossible’ Budget Decisions Amid Fiscal Squeeze, Think Tank Warns

Chancellor Rachel Reeves is heading toward a series of “impossible” decisions in this year’s budget, according to a leading think tank, as she grapples with tight fiscal constraints and mounting spending pressures.

2 months ago

Europe

Flight Chaos Continues in UK After Air Traffic Control Failure

Flight disruptions continued across the UK as airlines grappled with the fallout from a major air traffic control failure earlier this week. Hundreds of additional flights were cancelled or delayed on Tuesday,

2 months ago

Europe