Italy defends air ticket cap after Ryanair outrage
Italy defended Thursday (10 August) plans to limit prices on flights to and from its islands, saying it complied with European Union rules, after low-cost carrier Ryanair condemned it as “illegal”.
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August 12, 2023 Insolvencies on the rise in Germany amid economic downturn
The number of corporate insolvencies in Germany rose significantly in July, with almost a quarter more filings by companies than in the same month of the previous year, the Federal Statistical Office announced on Friday (11 August).
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August 11, 2023 France grants full support to ECOWAS deployment of regional military force
France “fully supports” the Economic Community of West African States’ (ECOWAS) decision to action a standby military force on the borders of Niger, the Foreign Affairs ministry announced late on Thursday (10 August).
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August 10, 2023 German government passes €212bn climate fund
The German government passed the budget for its flagship climate and transformation fund (KTF) on Wednesday (9 August) to accelerate the green transition by providing €212 billion to various projects in building renovation, decarbonisation and the industry between 2024 and 2027.
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August 9, 2023 TSMC to invest €10bn in microchip plant in Germany
Taiwanese semiconductor manufacturer TSMC announced on Tuesday (8 August) it will invest over €10 billion in Germany in return for €5 billion in subsidies, with German economy minister Robert Habeck calling the move “proof” of Germany’s competitiveness.
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August 8, 2023 Germany expects major investments worth €80bn despite economic slowdown
Amid an economic downturn which has prompted fears of deindustrialisation, German economy minister Robert Habeck emphasised the strengths of the German economy and said that major investments of around €80 billion are in the pipeline.
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August 7, 2023 French government warns German AfD is ‘peril for European stability’
The German far-right AfD, whose party congress this weekend asserted that the EU has “failed”, is “founded on hatred” and looks to “destroy what already exists”, French EU minister Laurence Boone said on Monday (7 August).
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August 5, 2023 Berlin split over EU ‘forever chemicals’ ban it helped propose
German economy and climate minister Robert Habeck has expressed reservations regarding an EU-wide ban of “forever chemicals” (PFAS), which was proposed by a German government agency and backed by other ministers from his party.
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August 4, 2023 TikTok unveils changes to meet tough new EU rules
Video-sharing platform TikTok announced on Friday (4 August) changes to meet strict EU rules including allowing European users to turn off the addictive feature that shows content based on their interests.
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August 3, 2023 The twilight days of the European Green Deal
The European Union has been steaming ahead with its Green Deal for the past four years, but as it reaches the home stretch, a pushback on environmental legislation and shortcomings in industrial policy are set to slow it down.
