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The economy minister and Green Party chancellor candidate says Germany could follow Austria’s far-right path, as the CDU signals willingness to erode its firewall against the AfD ahead of a pivotal election. Jan 26 3 mins read

ECB President Christine Lagarde is due to meet Commission President Ursula von der Leyen this evening in Brussels, and while the ECB said their conversation will not touch on the Governing Council meeting this week, the threat of trade-related impacts on the economy has been a matter of mutual concern for months. Where is ‘neutral’? While analysts largely agree that an interest cut this week and in March are nailed on, they warned that any guidance beyond that may be premature, given uncertainty surrounding the economic outlook. By April, however, the ECB should at least have a much clearer picture…

LVMH posted subdued quarterly results due to continued weakness in the fashion and leather goods segment. The results slightly exceeded analysts’ estimates for overall performance. The French luxury goods conglomerate’s American Depositary Receipts (ADRs) slumped 8.5% in the US following the results. However, LVMH’s shares have risen by 18% this year in European markets, driven by optimism surrounding an improved macroeconomic environment and strong earnings from rival Richemont.Earnings HighlightsIn the fourth quarter, total revenue rose by 1% year on year to €23.93 billion. This figure represents a 25% jump from the third quarter, when LVMH posted its first year-on-year decline…

EU member country heads of government across the political spectrum have also warned that regulation is crippling the bloc’s economy, and many have put pressure on the Commission to go further. France’s centrist government, for one, wants the EU to indefinitely delay its due diligence law, while also echoing Germany’s socialist Chancellor Olaf Scholz’s request to delay the implementation phase of the corporate sustainability reporting obligations by two years.  For CISL’s Kuzmanova, the focus on delays “is very telling” and indicates that “this is not about competitiveness and providing support to European businesses … delaying is not simplifying. It is…

Heathrow won a Supreme Court battle for expansion in December 2020, but costs have ballooned since and it has still not submitted a DCO. An industry figure, granted anonymity like others in this piece to speak frankly, said they believe Heathrow has a plan “ready to go,” but needs a strong political steer given past setbacks. But even then, the application process would still take years. A second industry figure said: “The airport works as it is … the view is that a third runway would be a good thing for the country and businesses, but everyone’s seen this show…

Erster Showdown im Bundestag um die Migrationsverschärfung: Das AfD-Problem des Friedrich Merz wird bleiben. Im 200-Sekunden-Interview: AfD-Fraktionsvize Beatrix von Storch über die kommenden Abstimmungen und eine Zusammenarbeit mit der Union im Bundestag. POLITICO-Reporterin Rixa Fürsen berichtet, wie der Migrationsstreit jetzt vor allem Grüne und Union auch bei den Ukraine-Hilfen entzweit. Letzte Begegnung für diese Legislatur im Parlament: wie der FC Bundestag auf den SG Bundestag trifft.  Das Berlin Playbook als Podcast gibt es morgens um 5 Uhr. Gordon Repinski und das POLITICO-Team bringen euch jeden Morgen auf den neuesten Stand in Sachen Politik — kompakt, europäisch, hintergründig. Und für alle…

Separate from LNG, the sanctions package will propose penalties on more aging oil-exporting tankers operating as part of Russia’s so-called shadow fleet, the diplomats added. The EU will target 74 new vessels, two other EU diplomats said. Additionally, the new offering will push to restrict Moscow’s aluminum exports, according to the three diplomats. The EU still relies on Russia for around 6 percent of its aluminum imports. Finally, the package will target video game equipment, like Microsoft’s Xbox, that the EU says Russia is using to pilot drones. Separate from LNG, the sanctions package will propose penalties on more aging…

However, policy moves like this come at a cost, and right now, Hungary’s economy is struggling. Growth in 2024 was undermined by weak manufacturing orders, and is looking set to expand by a mere 0.5 to 0.7 percent. This is in stark contrast to the government’s original target of 4 percent and its recent prediction of 1.5 percent. Moreover, inflation looks set to rise further, and the forint continues to slip — albeit with bouts of some recovery in the last three months — with added inflationary implications. These concerns have constrained the central bank from reducing its base rate…

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“At a time when immediacy and forceful rhetoric seem to have hypnotic power … talking about long-term issues, culture and art is one of the messages that France can deliver to the world,” said Macron, who celebrated his first presidential victory in front of the Louvre Pyramid. Macron did not put a price tag on what he called the “new Louvre Renaissance.” He said it would be paid for by the museum’s own resources and private donors, not taxpayer money. However, most donations are tax deductible, and the French government needs all the revenue it can get if it hopes…