Europe’s Debt Is Increasing Once More Due to Politics Eroding Budget Resolution
Several of Europe’s heavily indebted governments are facing a challenging year as they grapple with the reality of reducing borrowing while contending with political constraints. After years of unrestricted spending during the pandemic and soaring energy costs, 2024 was anticipated…
In An Effort to Reduce its Dependency on China, Europe Has Resumed Magnesium Mining
Europe is set to resume magnesium mining after more than ten years, aiming to decrease its dependence on Chinese imports of vital raw materials. Romania, an EU member, recently granted a mining concession to Verde Magnesium, a company based in…
EU Begins Historic €6.5 Million Research on Psychedelic Use in Mental Health Treatment
MEPs were informed on Tuesday, during the launch of PsyPal, the inaugural EU-funded clinical research project exploring psychedelic-assisted mental health treatments, that despite the growing awareness of mental health issues, there hasn’t been a translation of this awareness into innovative…
Europe Shut Down the Riskiest Junk Bonds Due to Increasing Default Risk
The riskiest corporate debt is increasingly posing dangers for investors as signs of a growing default cycle emerge. Recently, the holding company of Thames Water Ltd. failed to meet payments on a £400 million bond ($504 million), while Altice France…
The European Economy is Being Attacked From Every Angle
A decade ago, Xi Jinping received a warm welcome in Duisburg, Germany’s Ruhr valley, where he commended the region as a focal point for Chinese investment. He celebrated the arrival of a train from Chongqing to Europe’s industrial heartland and…
As Market Share Declines, The European Plastics Industry Is “In Trouble
According to a recent industry report released on Tuesday, the global plastics production landscape has seen notable shifts, with Europe experiencing a decline in its share while China’s output has surged to encompass a third of the market. Over the…
EU’s €7.4bn Deal with Egypt to Prevent Migration Crisis
In an effort to boost Egypt’s flagging economy, EU leaders have reached a financial pact worth €7.4 billion (£6.3 billion). This endeavor aims to maintain regional stability and avert another European migrant catastrophe. The EU-Egypt strategic partnership spans three years…
EU Parliament Approves Crypto-Inclusive Sanctions Law to Close Loopholes
In a bid to bolster the enforcement of sanctions, the European Parliament has endorsed the implementation of new regulations extending to cryptocurrency assets. The objective behind this legislation is to streamline the enforcement of sanctions across the European Union’s 27…
The Digital Markets Act Of Europe Is Putting Pressure On Internet Companies To Adapt
European consumers will soon experience changes in their digital landscape as new regulations come into effect this week. These changes, mandated by the Digital Markets Act (DMA) of the European Union, aim to address concerns regarding the dominance of certain…
Falling Energy Prices and Slower Food Inflation Cause European Inflation to Drop to 2.6%
In February, the inflation rate in the European economy saw a decline to 2.6%, attributed to various factors such as elevated interest rates, stabilized oil and gas prices, and sluggish economic growth, which restrained price hikes in retail outlets. Eurostat,…