Economy News

What are the sticking points for the EU's new budget?

The battle over the next long-term EU budget has begun. The EU's institutions have staked out their positions and are seeking significantly more funding, but it is the 27 member states that will ultimately decide.

DW News 1 months ago

Economy

Logistics pressure builds across Caspian-Central Asia corridor as trade routes evolve

The Caspian-Central Asia corridor is facing growing strain as rising trade volumes outpace existing pipelines, rail and port capacity, while the Middle Corridor gains relevance as an alternative route between Asia and Europe.

Euronews 1 months ago

Economy

Larry’s risky business

If you want to know whether the AI bubble is bursting, there's only one publicly traded company that will tell you: Oracle. That's right, the database company. Oracle has burned its boats and pivoted to AI, but not in any kind of usual way. It is...

The Verge 1 months ago

Economy

Staycations on the rise for French travellers this summer amid geopolitical crisis and inflation

Against a backdrop of international tensions, inflation and rising transport costs, the French are planning to travel less this summer and cut back on their spending, according to an Ifop survey for Alliance France Tourisme.

Euronews 1 months ago

Economy

Deutsche Bank, Santander and UBS profits rise amid market impact from Iran war

Three of Europe’s biggest banks delivered record or above-forecast profits on Wednesday. TotalEnergies posted strong earnings, while Mercedes-Benz turned more cautious as collapsing China sales and geopolitical uncertainty weighed on the outlook.

Euronews 1 months ago

Economy

Electric air taxis are finally taking flight — just not with passengers

It was the perfect day for an electric air taxi demonstration - albeit one without passengers. On Monday, an electric aircraft from Joby Aviation took off from JFK Airport for a flight demonstrating the company's future air taxi route to Manhattan...

The Verge 1 months ago

Economy

China freezes new robotaxi licenses after Baidu chaos

China has suspended new licenses for autonomous vehicles, Bloomberg reports, citing unnamed people familiar with the matter. The move comes after dozens of robotaxis operated by Chinese tech giant Baidu ground to a halt in traffic last month in...

The Verge 1 months ago

Economy

Spirit Airlines tried to be the Dollar General of the skies. Then the big airlines beat it at its own game

Spirit Airlines helped pioneer ultra-cheap flying and soared. Then legacy airlines copied them, outmaneuvered them with loyalty programs, and the economy turned against their core customers.

NPR News 1 months ago

Economy

EU Parliament pushes for bigger long-term budget, new taxes

The European Parliament has backed plans to boost the EU's long-term budget and introduce new taxes to support farming and poorer regions. The proposals have set up a clash with member states, including Germany.

DW News 1 months ago

Economy

Germany news: Cabinet discusses 2027 budget plans as Iran war threatens finances

The Cabinet hopes to sign off on core points of its 2027 budget, so it can start to move through parliament. Germany already plans massive borrowing next year, before adequately factoring in Iran-based costs. Follow DW.

DW News 1 months ago

Economy

Ukraine says it will open arms exports with 'Drone Deals,' but not to all countries

President Volodymyr Zelenskyy announced on Tuesday that Ukraine is set to open its arms exports via so-called drone deals, but not all countries will have access to Kyiv's battlefield tested expertise.

Euronews 1 months ago

Economy

European Parliament demands €200 billion extra for EU budget in hardball talks

The European Parliament has adopted its position on the EU long-term budget, calling for a 10% increase and pushing for EU-level taxes. MEPs say they are ready for tough talks as money talks intensify for 2028-2034 cycle.

Euronews 1 months ago

Economy

Start with the sensors, then design the rest: How Zoox built its robotaxi

The bidirectional design has some clear advantages for a working taxi.

Ars Technica 1 months ago

Economy

China slams ‘Made in Europe’ push, mulls retaliation

Beijing released a statement on Monday attacking the EU’s strategy to supercharge local industry, arguing that the European preference creates investment barriers and discrimination – and that countermeasures could follow.

Euronews 1 months ago

Economy

How can Europe avoid a new energy crisis? Ask the Euronews AI chatbot

EU fossil fuel imports have increased by €24 billion since the US-Iran war, with oil prices up 60 per cent and gas 70 per cent. How will the EU’s new AccelerateEU plan avoid a full-scale energy shortage? Ask the Euronews AI chatbot.

Euronews 1 months ago

Economy

Palestinian officials hail local elections in a Gaza community and the West Bank

Palestinian officials say local elections in Gaza and the West Bank mark a step toward a long-delayed presidential election. The Palestinian Authority hasn't held a presidential election in 21 years.

NPR News 1 months ago

Economy

Festive mood in West Bank as local elections underway

A festive and cheerful mood has taken hold of the West Bank as the Palestinian Authority holds local elections, FRANCE 24's Noga Tarnopolsky said, reporting from Bethlehem. Most electoral lists are aligned with president Mahmud Abbas's...

France 24 1 months ago

Economy

Sharge’s fast Qi2.2 MagSafe battery is down to $70 with a free USB-C cable

I’ve been testing compact, magnetic Qi2 power banks that can snap onto your phone for an upcoming buying guide. They make recharging much easier than bringing along a huge battery that weighs down your bag. One of my favorites so far is the Sharge...

The Verge 1 months ago

Economy

Low voter turnout in Gaza as West Bank holds local elections

Palestinians in the West Bank and central Gaza voted Saturday in municipal elections, the first since the war in Gaza erupted, with low turnout and a limited political field. Nearly 1.5 million people are registered to vote in the Israeli-occupied...

France 24 1 months ago

Economy

Elections in West Bank provide 'credibility to Palestinian sovereignty', expert says

Local elections are being held in the West Bank and parts of Gaza on Saturday. The vote will determine the makeup of local councils tasked with overseeing water, roads, and electricity. Bertrand Besancenot, former French ambassador to Qatar and...

France 24 1 months ago