european economy

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Oliver Blume, chief executive officer of Volkswagen AG, beside an ID.CODE concept car, right, at the Volkswagen AG media event in Beijing, China, on Wednesday, April 24, 2024. Volkswagen will start sales of a new electric-vehicle brand in China kitted out with gadgets like an in-car avatar to help win back young buyers it has lost to the likes of BYD Co.
Tech

Volkswagen, Mercedes, and Stellantis shed $13 billion in value as Tesla’s China breakthrough leaves Europe’s carmakers in the cold

By
April 30, 2024
The ''BYD Explorer No. 1'' car carrier, loaded with new energy vehicles, is setting sail from Yantai Port in Yantai, China, on January 10, 2024.
Tech

EU’s unwinnable price war with Chinese EVs summed up: BYD cars are 11-fold more profitable in Europe vs. China

By
April 29, 2024
French President Emmanuel Macron (R) and JP Morgan CEO Jamie Dimon (L) react during the inauguration of the new French headquarters of US' JP Morgan bank on June 29, 2021 in Paris.
Finance

U.S. panic over national debt might mark a culture shift—are Americans becoming more ‘European’ about money?

By
April 26, 2024
Thomas Ingenlath, CEO of Polestar, attends a press conference at the Polestar booth before the start of the International Motor Show.
Tech

Swedish-founded Tesla rival Polestar considers weaning itself off China as EU probe into BYD and owner Geely brings tariff threats

By
April 24, 2024
A woman stands beside the Alfa Romeo Junior.
Tech

Italian carmaker Alfa Romeo forced to rename ‘Italian-sounding’ Milano model as right-wing government threatens carmaker with lawsuit weeks after trying to woo BYD

By
April 17, 2024
A Porsche 718 Cayman car is on display during the 19th Guangzhou International Automobile Exhibition (Auto Guangzhou 2021) at China Import and Export Fair Complex
Tech

Volkswagen and Porsche are killing old models described as ‘spying machines on four wheels’ ahead of new EU cybersecurity rules—offering another opportunity for Chinese rival BYD

By
April 16, 2024
Markus Krebber, chief executive officer of RWE AG, at the Berlin Global Dialogue in Berlin, Germany
Finance

Germany set to permanently pay for reliance on Russian gas—as power chief says ‘significant structural demand destruction’ means it will never fully recover from energy crisis

By
April 11, 2024
Pascal Soriot, chief executive officer of Astrazeneca Plc, arrives at the CEO council at the Great Hall of the People in Beijing, Chin
Success

Major investors say AstraZeneca boss is ‘massively underpaid’ on $21.5 million salary, despite earning more than double Novo Nordisk’s CEO

By
April 10, 2024
Freight wagons, loaded with newly manufactured Volkswagen AG and BMW AG automobiles, at a railway yard in Munich, Germany, on Friday, July 28, 2023. Germany exited its winter recession in the second quarter but output only stagnated, with questions about the fundamental health of Europe's largest economy remaining.
Tech

A German Rust Belt? As Chinese EVs like BYD swarm Europe’s key markets, historic examples of deindustrialization pose a warning to the continent’s carmakers

By
April 10, 2024
Mohamed El-Erian
Finance

Top economist El-Erian said the European Central Bank could cut rates as often or more than the Fed, which was ‘unimaginable just months ago’

By Carter Johnson and Bloomberg
April 9, 2024
The electric car needs charging and is covered with ice
Tech

As Norway nears major victory over gas-powered cars, Ireland joins EV winter with drivers falling prey to ‘misinformation’

By
April 3, 2024
Bustling cities like Rotterdam are growing in popularity for talent and investors.
Success

Europe’s hottest talent is moving to the continent’s second cities like Manchester, Rotterdam, and Stuttgart for a better quality of life—so bosses are following suit

By
March 25, 2024
Bundesbank president hits back at recession-plagued Germany’s ‘sick man of Europe’ title: ‘I’m more worried that Europe is getting sick’
Finance

Bundesbank president hits back at recession-plagued Germany’s ‘sick man of Europe’ title: ‘I’m more worried that Europe is getting sick’

By
March 21, 2024
Luca de Meo, CEO of Renault, presents the "Megane E-Tech" at the Renault stand before the start of the International Motor Show
Tech

Renault CEO calls for post-World War II style ‘Marshall Plan’ to halt Tesla-killer BYD’s onslaught

By
March 21, 2024
Carina Akerstrom arrives for a press conference to present Svenska Handelsbanken's third quarter results during a press conference at the company's headquarters in Stockholm.
Finance

The chairwoman of Sweden’s biggest pension fund—which has a track record of awful investments—quits after just 1 week on the job

By
March 4, 2024

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