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Economy

Economy

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Vessels near the Strait of Hormuz with an oil tanker in the background.
Economy|Markets

Oil, Gas and Diesel Prices Surge as Middle East Conflict Deepens

Inflation concerns have forced the European Central Bank to raise interest rates. Yet bond yields exceeding nominal economic growt…

Greek Prime Minister Kyriakos Mitsotakis.
Economy|Regulation

Mitsotakis Bets on Tax Cuts Ahead of Greek Election

After years in which fiscal consolidation meant higher taxes and spending cuts, Athens is trying to make growth do the work auster…

New Apple CEO John Ternus with the iPhone Duo.
Economy|Business

Apple Takes a New Turn with Tech CEO John Ternus

Apple fans and critics alike have said for years that the company needs to return to technological innovation, having played it sa…

Tensions between Europe and China over trade deficit.
Economy|Trade

China Deficit Tests Europe’s Economic Model

As Europe’s trade deficit with China balloons, Brussels is mulling a tougher line with the world’s second-largest economy. But que…

Production at the Mercedes-Benz plant in Kecskemet.
Economy|Energy

Germany’s Electric Car Future Is Being Built in Hungary

BMW and Mercedes are expanding in Hungary alongside Chinese battery giants. €26bn in battery investment shows where much of Europe…

Anthropic CEO Dario Amodei.
Economy|Business

Anthropic Delays IPO amid Talk of $2tn Valuation

The AI giant could raise as much as $100bn in what may become the largest IPO on record. It is also close to securing a $15bn cred…

Europe's pension systems and an aging population.
Economy|Markets

When Welfare Spend Tops Tax Take: The Coming Fiscal Crisis

Across Europe, welfare spending is ballooning, and in many countries it now outstrips income tax revenue. No amount of political m…

The Frankfurt Stock Exchange.
Economy|Markets

Bond Sell-Off Sends Shockwaves Through Stock Markets

Energy prices and inflation are rising. On top of that, high interest rates on new government debt are adding further strain. This…

Tesla\'s driverless Cybercabs, built without steering wheels or pedals, line up before entering service in Austin. Photo: Jay Janner/The Austin American-Statesman via Getty Images
Economy|Business

Tesla's Cybercabs Hit the Streets with No Steering Wheel

Tesla began offering paid rides in its driverless Cybercab in Austin, Texas, on Thursday, a launch that has already drawn scrutiny…

Migrant laborers in key sectors.
Economy|Regulation

Migrant Labor and Shrinking Populations Present a Conundrum for the Right

While the right seeks to crack down on immigration, it will have to come up with a solution for businesses dependent on cheap migr…

TikTok offers financial advice.
Economy|Markets

The Rise of the Finfluencer: A Generation Learns About Money on TikTok

ETFs, crypto or a savings account? For young people seeking answers to these questions, parents, banks and financial advisors are …

ECB President Christine Lagarde.
Economy|Markets

Inflation Is Back Above 3% in the Euro Zone

A sharp rise in energy prices pushed euro-zone inflation to 3.3% in August, leaving the ECB facing a tougher September rate decisi…

Friedrich Merz meets Xi Jinping in Beijing.
Economy|Markets

Merz Calls on Germans to Take Inspiration from China and Work More

Singapore’s founding Prime Minister Lee Kuan Yew warned decades ago that Germany’s comfortable postwar model could not last. But C…

Brussels' tighter origin rules.
Economy|Regulation

“Made in EU” Rules Are Drawing a New Border Across Europe

The EU designed its new industrial policy to protect European manufacturers from China and the United States. But Britain, Switzer…

Roland Busch discusses industrial AI in Europe.
Economy|Business

Siemens Shifts Core Industrial AI Development to the US

Siemens is choosing Seattle over Europe to develop the model that will underpin its industrial AI applications. CEO Roland Busch c…

The EU's suspension of Brazilian food imports.
Economy|Trade

Mercosur: Brazil Faces EU Import Ban over Health Standards

An EU suspension of certain Brazilian animal-product imports over health rules gives Mercosur opponents a concrete case for toughe…

Volkswagen workers check ID electric cars in Emden.
Economy|Business

Volkswagen Sets End Dates for Vehicle Production at Four German Plants

Under a new Volkswagen plan, four German sites employing around 40,000 people are due to stop building vehicles over the next eigh…

Electric cars are crucial for EU emissions targets.
Economy|Regulation

Scientists Dismantle Europe’s Zero-Emission Electric Car Myth

Europe’s electric-car revolution was built on a zero that existed only on paper. Scientists now find that battery cars cut life-cy…

Workers face rising living costs.
Economy|Regulation

The Side Hustle Becomes Part of the Family Budget

Across wealthy economies, second jobs are now a routine source of income as housing costs outpace wages. Remote work makes them ea…

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