European Headline: news from across Europe

European energy coalition seeks €1 billion for natural hydrogen exploration

More than 30 organisations want EU backing for around 50 wells in at least 10 Member States, alongside clearer rules and permitting procedures.

28 Oct, 22:482 min read

Tech & Startups
Proxima Fusion signs Japanese partnerships for German fusion projects
28 Oct, 21:472 min read
Business
South Korea fines Google and Apple over app payment restrictions
28 Oct, 21:332 min read
Policy
EU and Canada weigh study of long-term LNG supplies
28 Oct, 19:481 min read

Europe

UK pledges defence spending of 3 per cent of GDP by 2030

Chancellor John Healey left funding details to a spending review next year and pledged £10 billion in additional support for Ukraine.

28 Oct, 16:481 min read

European governments pursue social media curbs alongside EU proposal
28 Oct, 07:04
Denmark and Sweden criticise Finnish-Norwegian call to Putin
27 Oct, 18:34
Reynolds denies split with Burnham over closer EU ties
27 Oct, 11:19

Policy

Commission clears €319 million Austrian subsidy for Infineon chip plant

The funding will support a €1.1 billion upgrade in Villach, where Infineon plans high-volume production of gallium nitride power chips.

28 Oct, 18:331 min read

Hungary’s €5.4 billion defence loan application wins Commission approval
28 Oct, 18:18
Commission opens talks on raising EU refinery output
28 Oct, 14:18
EU countries remain divided over Canada’s proposed associate status
27 Oct, 17:19

Business

Germany and Japan agree closer cooperation on economic security

Friedrich Merz and Sanae Takaichi set out plans for supply-chain monitoring, rare earth diversification and a high-level dialogue on artificial intelligence.

28 Oct, 17:182 min read

BNP Paribas profit rises 13.5 per cent as equities trading grows
28 Oct, 11:49
Mercedes-Benz cuts profit outlook as China conditions weigh
27 Oct, 16:06
Microsoft offers voluntary buyouts to staff in four countries
26 Oct, 21:34

Markets

European gas benchmark tops €100 as EU energy chief warns of difficult winter

EU gas storage was 75 per cent full on 21 October, below the usual 90 per cent target for 1 November, according to the bloc’s energy regulators.

28 Oct, 19:332 min read

Besi shares gain more than 10 per cent as Applied Materials plans larger stake
27 Oct, 14:48
French benchmark bond yield climbs above 5 per cent
21 Oct, 13:04
Euro hits lows against dollar and pound despite ECB rate increases
15 Oct, 16:34

Economy

UK budget offers £100 energy payments and raises bank tax

Chancellor John Healey targets around 20 million households for winter support while reducing the fiscal buffer and increasing a surcharge on bank profits.

28 Oct, 15:332 min read