The European Union might be about to get its first female figurehead, if the governments of its member states get their way. Ursula von der Leyen, Germany’s defense minister, suddenly emerged Tuesday as the compromise candidate for the bloc’s top job, which is currently occupied by Jean-Claude Juncker. Now all that lies between her and […]
When the U.S. and Russia go head to head, that can mean cheaper prices—at least when it comes to natural gas. This week, European natural gas prices reached their lowest in at least a decade, fueled by a battle for market share between Russia, traditionally the continent’s supplier, and the U.S., whose gas exports have […]
As the end of October draws closer, the two candidates to succeed Theresa May as British prime minister are adamant that the U.K. must leave the EU at that point even if there is no agreement in place between the two sides—despite the risks to business that a no-deal Brexit would bring. So, if there […]
Ford has revealed a grand restructuring of its European operations, which will allow it to focus more on the commercial vehicles sector and the sale of SUVs–many of which will be on the smaller side to suit the European market. The restructuring also involves the loss of 12,000 jobs, though these have already been announced […]
Recession in Southern Europe. The “yellow vest” revolts in France. Citizen backlash in Venice, Barcelona and Amsterdam. Price wars in Germany. And don’t forget about Brexit. Add it all up, and Carnival Corp has a big Europe problem. The weight of the old world’s macroeconomic and geopolitical troubles helped sink the company’s full-year guidance estimates […]
Will Belgians and Germans looking to heat their homes this winter draw reassurance, and cheap energy bills, from American “freedom gas”? Maybe while they’re tucking into a classic dish of moules et “freedom fries”? (Remember that?) That’s more or less the claim from the Department of Energy (DOE), which touted the expansion of the Freeport […]
Nothing has ever been subtle with Yanis Varoufakis, the leather-jacketed, motorbike-riding economist who was finance minister of Greece for six of the most tumultuous months in that country’s history. Plain-spoken (to say the least) and a self-professed radical, he is, at 58, not nearly done waging war on Europe’s major power players. This week, he […]
UK companies can and should see the current high-uncertainty environment as a spur to rethink their supply chain strategies and make them more resilient.
Thirty years ago, when the Berlin Wall fell and the Soviet bloc of Eastern Europe began to dismantle itself, few people were probably thinking it would change what wine they enjoyed the next time they went out to eat. But today, one can stroll into the restaurant Freek’s Mill in Brooklyn, N.Y., and open a […]
Switzerland could reestablish itself as the leading location for multinationals by reviving its business-friendly and pragmatic mind-set.