Companies are reporting a drop in business, reflecting the economic toll of the heat wave, which is lowering productivity and keeping shoppers at bay.
Category: European Union
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As Debt Piles Up, Countries See Fiscal Relief as Political Leverage
With developing nations crushed by unaffordable borrowing and Washington on the sidelines, some leaders are brokering debt forgiveness deals.
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As Trade Deadline Nears, Europe Preps for a Scant Outline of a Deal
President Trump’s administration once promised 90 deals in 90 days. When it comes to the European Union, it may be more of a framework.
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Europe Is Finally Ready to Spend More on Defense. The Hard Part Is How.
After a yearslong debate over NATO spending, European nations are poised to commit more funds to deter Russia. Now the region must decide how to unify its fragmented manufacturing.
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BYD and Other Chinese Carmakers Expand Sales in Europe Despite Tariffs
BYD and other companies doubled their share of the car market after the European Union imposed higher tariffs on electric vehicles from China.
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New Trade Deal Could Boost UK Food Exports to EU, Including Shellfish
Brexit had complicated many of Britain’s food exports to Europe. A new trade deal between the U.K. and the E.U. could make them easier, including for shellfish farmers.
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UK Gets Steel Tariff Exemption, but Europe Pays Double
Despite an exemption from 50 percent tariffs, Britain still has to pay a 25 percent duty because its trade deal with the United States has yet to be put in place.
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Tariff Rulings Inject New Uncertainty Into Trump Trade Strategy
A court ruling invalidating President Trump’s sweeping tariffs was halted hours later, throwing into question the administration’s overall approach to trade.
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Doing Business in China Is Getting Harder, but Its Exports Are Hard to Resist
European companies operating in China say the market has become increasingly challenging because of weak economic demand and opaque government rules on business.
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Pivoting From Tax Cuts to Tariffs, Trump Ignores Economic Warning Signs
The president’s economic policy approach is so far rattling markets, businesses and consumers.