Spain has emerged as the leading contender for BYD’s third European vehicle plant. The country’s competitive manufacturing costs, renewable-energy grid, and EV incentives are major advantages. A final decision, still pending approval from Chinese regulators, is expected before year’s end.
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The European Commission has approved 13 new strategic projects outside the EU to secure critical raw materials vital for electric vehicles, renewable energy, and defence. Spanning countries from
The European Commission and ECB have approved Bulgaria’s accession to the eurozone, with the country set to adopt the euro on 1 January 2026. Final approval from EU
The OECD has lowered its global GDP forecast to 2.9% for both 2025 and 2026, citing U.S. tariffs and weakening investment. Growth estimates for the U.S., UK, and
The Bank of Korea has reduced its key interest rate to 2.5% amid slowing growth and global trade pressures. The move comes days before a contentious presidential election,
Elon Musk has stepped down from his advisory role in the Trump administration after criticising a major tax and spending bill. His departure ends a 130-day tenure focused
Poland’s public deficit hit 6.6% of GDP in 2024, driven by defence and social spending. Rising debt, polarised politics, and stalled reforms have raised concerns among ratings agencies
President Donald Trump is weighing fresh sanctions on Russia following its largest aerial assault on Ukraine since the war began. The strikes killed 12 civilians and derailed peace
Spanish hatmaker Fernández y Roche faces a 10 per cent US import tariff, jeopardising its 40-year trade with Orthodox Jewish communities. With a 50 per cent duty possible
Nicușor Dan has been inaugurated as Romania’s new president, ending months of political instability. Elected on a pro-European platform, he now faces urgent economic challenges and a fragmented
Donald Trump has threatened a 50% tariff on all EU imports and a 25% levy on non-US-manufactured iPhones, triggering sharp market losses and EU warnings of retaliation. Apple
