European Union

Australia deal shows EU is ‘open for business’

Affecting sectors from agriculture to critical minerals, the trade agreement marks a big win for both sides

Australia has been pushing the EU to raise the amount of beef that can enter the bloc under preferential terms.

EU says it’s nearing a free-trade agreement with Australia

Both sides are racing to shore up economic links with like-minded partners

A JMEV electric vehicle assembly line in China's Jiangxi province. No countries are named as targets of IAA, but its rules are designed to address concerns about China's powerful position in clean-tech supply chains.

Asia anguishes over proposed EU Industrial Accelerator Act

As the EU signals a trade policy pivot, countries like China and Japan mull its effect on competition and business

ECB president Christine Lagarde has stressed that restructuring the bloc’s “business model” would require robust financial support.
THE BOTTOM LINE

Europe’s ‘limited responsibility’ model must go

ECB’s Christine Lagarde explained what Europe must do to secure its prosperity and sovereignty. But will European leaders heed the call?

ECB President Christine Lagarde said Europe has a greater capacity to absorb the current shock than in 2022 but noted the level of uncertainty and volatility is also greater.

Lagarde says ECB will do everything to keep inflation in check during Middle East war

[PARIS] The European Central Bank will do everything to keep inflation under control, despite the current surge in energy prices, its President Christine Lagarde told France 2 television on Tuesday.

Kyriakos Pierrakakis, the chairman of the eurozone’s finance ministers, says the region's growth can no longer rely on expanding labour supply.

Europe’s growth model is coming to an end: Eurogroup chair

The EU must mobilise capital more effectively to finance innovation and scale, says Kyriakos Pierrakakis

Together, the sectors covered by the Industrial Accelerator Act represent some 15% of EU manufacturing.

EU proposes ‘Made in EU’ rules for strategic sectors to limit China reliance

Critics warn the plans may lead to partners erecting trade barriers

The European Commission spokesperson says the EU has an adequate level of gas to ensure storage can be replenished ahead of next winter.

EU does not expect immediate energy security impact from Iran conflict

Its oil coordination group will meet within 48 hours to assess the situation, a European Commission spokesperson says

The “Made in Europe” package has divided the 27 EU member states, resulting in multiple delays in finalising the package.

‘Made in Europe’ plan’s sting in tail for Asia and the wider world

The soon-to-be-finalised initiative will impact industries from cars to manufacturing, steel and defence

The new cumulative rate means some goods would be above the 15% ceiling that the EU and US agreed to in their trade deal.

EU warns that Trump’s new tariff policy breaks trade agreement

The new global levies can stay in place for as many as 150 days