A general view of a production line of German car manufacturer Mercedes-Benz at a factory, in Rastatt, Germany, June 4, 2025. [Photo/Agencies] BERLIN – Germany”s government and top corporate leaders on Monday launched a sweeping investment initiative aimed at reviving Europe’s largest economy, which has faced prolonged stagnation. But the ambitious plan has met with
STORY: :: A banking analyst says a hard stance against Trump’s tariffs may see the U.S. ‘suffer more’ than the EU :: Hamburg, Germany :: July 13, 2025 :: Cyrus de la Rubia, Chief Economist, Hamburg Commercial Bank “If you look at the trade issue in an isolated way, I would very much recommend to
Rome did so by invoking its “golden power,” which was originally designed to stop foreign takeovers from threatening national security. That move did not go unnoticed in Brussels, where officials opened two distinct probes into the matter, led respectively by the financial services and the competition directorates. It has also triggered an exchange under the
The scale of Germany’s ambitions to radically expand defense and infrastructure spending have raised thorny questions about how such spending can be reconciled with EU fiscal rules that Germany — previously a fiscal hawk — had long pushed for. Since March, however, Germany has led a concerted pushed for a loosening of those rules to
In the pre-2008 lending boom, American banks sold their dodgiest “subprime” loans to investors around the world. When the U.S. housing bubble burst and borrowers defaulted en masse, a global financial crisis ensued. Brussels now wants to loosen the rules governing the practice, meaning banks would need to put aside less capital against the loans
The plans of many EU countries to boost nuclear power capacities will need an investment of as much as $278 billion (241 billion euros), according to estimates by the European Commission. Many EU countries have drafted plans to increase nuclear power capacity or even return to nuclear energy after decades of no nuclear generation, as
Adding to the confusion about the policy, Merz clarified Tuesday that the decision to lift restrictions on Ukraine’s use of Western-supplied long-range weapons had been made months ago. “The issue of limiting the range of deployed weapons played a role a few months and a few years ago. As far as I know, and as
Despite transatlantic tensions, several U.S. groups are expected to announce major investment projects, including logistics group Prologis, which will invest around €6.4 billion in new logistics facilities and data centers, and Amazon (€300 million). British digital bank Revolut will also invest €1 billion and ask French authorities for a banking license, while Spanish telecom infrastructure
“When somebody concentrates all power into their hands, then of course that person will be held responsible for their mistakes,” said one SPD politician, speaking on condition of anonymity to discuss internal party matters. In the past, Klingbeil could always blame the party’s failures on others — including Olaf Scholz’s unpopularity — said the parliamentarian.
With Donald Trump’s open support for Russia and his turning away from Europe and NATO, the question of the credibility of the American nuclear promise has taken center stage. Unlike during Trump’s first term in office, however, this time Europe has recognized the dramatic nature of the situation and developed ideas to strengthen the British