Macro, markets, ECB, trade, fiscal policy
British food and drink exports to the EU have fallen by more than a third since Brexit, with sugar, poultry, and egg products among the hardest hit, according to NFU analysis.
The EU is considering safeguard measures to curb imports of Chinese chemicals and machinery, following a deal capping hybrid car exports, with broad member state support.
France cuts fuel prices by up to 18 cents per litre from 1 November, with the government releasing strategic reserves and promising savings of around €10 per full tank.
EU and Chinese officials agreed on trade concessions in Beijing, averting a trade war over electric vehicles, with progress on hybrid vehicles and critical raw materials.
Taxes and social security contributions account for over 53% of labour costs for the average Spanish worker, according to a new report from the Juan de Mariana Institute.
EU trade commissioner Maroš Šefčovič held talks with Chinese commerce secretary Wang Wentao, with no breakthrough on the trade dispute as EU leaders prepare for a summit.
Drones hit commercial ships off Bulgaria’s coast just as the EU pushes the Middle Corridor trade route through the country, raising security questions.
Italy allowed its diesel tax cut to expire on Monday, while European governments pursue divergent measures to tackle high fuel costs.
UK Prime Minister Andy Burnham said Britain could ‘go all the way’ back into the EU, but offered no timetable, with no moves before the next election due 2029.
Spain’s economy is growing faster than its euro area peers, but housing shortages, low productivity, and high inflation have fueled discontent, prompting Pedro Sánchez to call snap elections for November.