Author: staff
Published on 23/07/2026 – 14:25 GMT+2•Updated 18:43 The European Central Bank kept interest rates unchanged on Thursday, holding steady as it waits to see how much of a lingering energy shock from the Middle East conflict will feed through into eurozone inflation. The ECB’s governing council held the deposit facility rate at 2.25%, with the main refinancing rate staying at 2.4% and the marginal lending facility at 2.65%. Monetary policy for the eurozone is set through these three key interest rates, with the deposit facility rate serving as the main benchmark. “The outlook for energy prices, while highly volatile, currently…
Published on 23/07/2026 – 21:58 GMT+2 Spain’s World Cup victory has fuelled interest among Chinese tourists in visiting the country and opens up an opportunity for retailers ahead of Golden Week, one of China’s main holiday periods, according to data from travel platform Qunar compiled by Spanish company Stamp. Searches for flights between Shenzhen and Barcelona rose thirty-three-fold in the hours following La Roja’s triumph, while searches for Tenerife were up nineteen times and those for Malaga 10.5 times. More broadly, according to a 2024 study by the University of Aberdeen published in the Oxford Bulletin of Economics and Statistics,…
Linnemann war bereits zu Beginn der Legislatur im Gespräch für ein Ministeramt. Der 48-Jährige sollte ursprünglich Wirtschaftsminister werden, lehnte die Position aber ab. Er wäre lieber Arbeitsminister geworden, wie er der „Welt“ sagte (hier). Das Ressort ging aber an die SPD. Am Ende blieb Linnemann Generalsekretär seiner Partei. Er ist seit 2009 Mitglied des Deutschen Bundestags für den Wahlkreis Paderborn. Warken hinterlässt ihrem Nachfolger eine abgeschlossene Finanzreform der Gesetzlichen Krankenversicherung und eine angestoßene Pflegereform, die nach der Sommerpause ins Kabinett kommen soll. Auch hier muss ein Milliardendefizit ausgeglichen werden. Warken hat zudem eine Strukturreform für das deutsche Gesundheitswesen angestoßen. Hierzu…
U.S. Trade Representative Jamieson Greer on Thursday accused the European Union of creating renewed instability in the transatlantic trade relationship after it slapped a $1 billion on Google. European Union regulators found the U.S. internet search giant unfairly boosted its own shopping, hotel, transportation and sports results relative to its competitors and restricted app developers’ communications with users in its Play Store, running afoul of the bloc’s Digital Markets Act. The Commission on Thursday hit Google with a pair of fines of $523 million and $489 million. The U.S. has long argued that the DMA unfairly targets U.S. tech companies. Greer…
The US government has hit back at Brussels after the European Commission slapped on Thursday a €890 million fine against Google for breaching the bloc’s Big Tech rulebook, warning that the sanction puts the EU-US trade deal at risk. The Commission announced the first fine against Google under the Digital Markets Act (DMA), concluding a two-year investigation into the company’s alleged unfair practices — notably self-preferencing its own services in search results and unfairly treating app developers. The sanction predictably drew the ire of Washington, which views the EU’s digital rules as unfairly targeting American companies and has repeatedly equated…
During a meeting with the EU’s 27 envoys on Wednesday, the newly appointed head of the Commission’s trade department, Ditte Juul Jørgensen, said that although Brussels was confident Washington would respect the commitments listed under the Turnberry deal, it was ready to react if it didn’t, three EU diplomats familiar with the conversation told POLITICO. One added that ambassadors would be ready to convene an extraordinary meeting next week “to talk strategy and discuss possible countermeasures.” In the meantime, though, nobody knows when exactly the next tariffs will come. “We’re not focused on a particular timeline. We’re focused on fulfilling…
Just six weeks ago, the European Central Bank appeared to be winning its fight against inflation. Oil prices had fallen sharply after a ceasefire between the US and Iran, inflation was cooling faster than expected and the eurozone economy was proving more resilient than initially feared. By Thursday, the conversation in Frankfurt had changed completely. Christine Lagarde mentioned energy prices, particularly oil, repeatedly during her press conference, underscoring how rapidly geopolitical developments have reshaped the ECB’s outlook. While policymakers insist their September decision will remain data-dependent, the message was clear: the path of oil prices may now be the single…
“C’est un message assez fort adressé à Google de dire : nous attendons de vous une proposition sérieuse en matière de conformité”, a-t-elle souligné. “L’objectif de notre réglementation est de garantir le bon fonctionnement des marchés, et non de punir qui que ce soit. Mais, bien sûr, dans certains cas, nous devons prévoir des sanctions.” La Commission a indiqué que Google avait déjà commencé à tester certaines mesures correctives — notamment des modifications apportées à la manière dont sont présentés les services gratuits, tels que les achats, les hôtels et les vols —, les qualifiant de “progrès substantiels”. Les discussions…
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“It is quite a strong message to Google to say: we expect from you a serious proposal in terms of compliance,” she said. “The intention of our regulation is to ensure well-functioning markets, not to punish anyone. But, of course, in certain cases, we need to come up with sanctions.” The Commission said Google has already begun testing some fixes, including changes to how it displays free services like shopping, hotels and flights, calling this “substantial progress.” Talks continue on how the rules will apply to Google’s AI Overviews and AI Mode. The decisions land amid sustained pressure from Washington,…