Business

When former ECB president and Italian PM Mario Draghi urged Europe to catch up economically with the US and China, defence collaboration was prescribed. No more should each nation build independent boats, tanks or jets; allies should share costs and technologies. Europe stumbled at the first hurdle. German Chancellor Friedrich

John Healey has stated that his primary goal as chancellor will be to boost economic growth, while acknowledging that Labour must be straightforward about controlling public spending at next month's budget. In his first major address since assuming the role in July, Healey said the leading focus of

Jaguar Land Rover has confirmed plans to eliminate around 4,000 positions across its 34,000-strong UK workforce over the next two years, as the company contends with mounting pressures in the global automotive sector, US trade tariffs, and the lingering impact of a cyber-attack. The carmaker, owned

Job losses in EU manufacturing will rapidly increase unless Brussels stops the “colonisation” of industry by Chinese component manufacturers, a leading industry trade body has warned. Eurometal forecasts 300,000 job losses in manufacturing in the second half of 2026 because of expanding competition from China, which is now enjoying

Isar Aerospace, a German startup, has carried out the first commercial orbital rocket launch from continental Europe, representing a step forward for the continent's pursuit of independent space access. The company announced on Sunday plans to accelerate satellite deployment efforts following the inaugural orbital flight of its uncrewed

Travellers heading to the EU could encounter renewed border queues as flexibility measures for the bloc’s entry-exit system formally end, although multiple sources suggest that some member states will not enforce biometric checks. Airlines recently urged the European Commission to extend discretionary powers allowing the suspension of EES