Eu Financial News

Bitcoin is at the doorstep of $100,000, just two years after dropping below $17,000 following the collapse of the crypto exchange FTX. The dramatic rally arrives as industry players expect the incoming Trump administration to bring a more “crypto-friendly” approach toward regulating the digital currency.

Ukraine has halted Russian gas supplies to European customers through its pipeline network, almost three years into Moscow’s all-out invasion of its neighbor

Industrial policy is once again gaining favour worldwide. Whether through the US' Inflation Reduction Act 2022 or the Mario Draghi report for the EU, 'EU Competitiveness: Looking Ahead', the West — the traditional stronghold of market-driven economies — appears to have embraced state intervention. Even IMF, in its World Economic Outlook 2024, acknowledges that industrial policy can be used to address market failures. Against this backdrop, GoI efforts to establish a domestic semiconductor chip design and production ecosystem deserve closer scrutiny.

Russian gas transit across his country as a significant «defeat» for Moscow amid its near three-year invasion.

Subscribe to enjoy similar stories. Russia halted natural gas flows to Europe via Ukraine, as Kyiv’s refusal to extend a pipeline deal brought an end to one of the last remaining energy links between Russia and what was once its biggest market. A gas transit deal using Soviet-era pipelines crisscrossing Ukraine expired at the end 2024.

Russia, reported The Hill.

Moldovans are bracing for a difficult winter ahead as a looming energy shortage could leave them without enough energy

Italy’s parliament has approved the government’s 2025 budget, worth about 30 billion euros ($31 billion) in tax cuts and social security contributions for low-income citizens

Finnish police say authorities detained a ship linked to neighboring Russia as they investigate whether it damaged a Baltic Sea power cable and several data cables

China accounted for nearly 80 per cent of Electronic Vehicle growth globally, with EV sales jumping from over 3 million in the first half of 2023 to more than 4 million during the same period in 2024, according to a report by the International Energy Agency (IEA).

Much-vaunted new EU crypto laws will take effect in just a few weeks, but Brussels lawmakers are already wondering if they’re going to lose out to the new administration of Donald Trump.

Subscribe to enjoy similar stories. The Venus de Milo; “Mona Lisa"; 250 skulls on a mirrored wall; a six-metre Tyrannosaurus rex. You can see all this and more at “The Art of the Brick", a touring exhibition currently in Berlin.

Subscribe to enjoy similar stories. India’s external trade, navigating a phase of uncertainty owing to the European Union's new carbon tax on imports and slowing consumption in Europe, is set face further pressure. The US will likely seek lower tariffs in the coming year as President-elect Donald Trump, who has charged New Delhi with imposing high tariffs, assumes office in January.

Subscribe to enjoy similar stories. In August this year, Google was ruled as stifling competition in the search engines business through exclusivity deals, as well as owning the Android operating system and the Chrome web browser. In April next year, Google and the US Department of Justice will present what they believe are ideal ‘remedies’ to take, while in August, a final ruling will be issued.

Romanian lawmakers have voted narrowly in favor of a new pro-European coalition government led by incumbent Prime Minister Marcel Ciolacu

Qatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Sunday. The Corporate Sustainability Due Diligence Directive, approved this year, requires larger companies operating in the European Union to check whether their supply chains use forced labour or cause environmental damage and to take action if they do. Penalties include fines of up to 5% of global turnover. «If the case is that I lose 5% of my generated revenue by going to Europe, I will not go to Europe. I'm not bluffing, Kaabi told the newspaper, adding that „5% of generated revenue of QatarEnergy means 5% of generated revenue of the Qatar state. This is the people's money,  so I cannot lose that kind of money — and nobody would accept losing that kind of money.“

U.S. president-elect Donald Trump has warned the EU that it must commit to buying “large scale” amounts of U.S. oil and gas or face tariffs, in his first trade salvo against Brussels since his election victory.

In his latest trade war threat, the incoming GOP president spoke out against Brussels via his account on social media site Truth Social.  In the post, Trump said: «I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way!!!» Trump inflationary risks force economists to temper Fed rate cut expectations — reports Many members of the incoming Trump administration, including the president-elect, reiterated the ‘drill baby drill' mantra during the presidential cam...

non-tariff barriers being faced by its domestic industry in the European Union (EU) and emphasised the need to address long pending issues as a confidence building measure under the bilateral free trade agreement (FTA) talks, the government said Friday. The issue were discussed during a meeting between commerce and industry minister Piyush Goyal and European Commissioner for Trade and Economic Security Maros Sefcovic last night virtually. “Goyal underlined that non-tariff barriers were impeding trade and emphasized the need to address long pending issues as a confidence building measure. Both sides agreed to explore a balanced, equitable, ambitious and mutually beneficial FTA,” the commerce and industry ministry said in a statement.