Latest News | Economic Digest of Europe

Inflation in Malta still higher than EU average, PN says

Times of Malta · August 20, 2025

The annual rate of inflation remained at a constant rate of 2.5 per cent in July, the National Statistics Office said on Wednesday. The largest upward contribution to the overall annual inflation was registered in the Food and non-alcoholic...

Britain Imposes Sanctions On Kyrgyz Companies

Charter 97 ·

Through them, Russia circumvented economic restrictions. Britain on Wednesday sanctioned a financial network from Kyrgyzstan through which Russia evaded previous economic restrictions, the British government said in a statement. As explained in...

Tech selloff drags Wall Street lower for second day; S&P 500, European shares steady

Financial Express ·

Wall Street shares dropped on Wednesday, with a tech selloff extending into a second day, while a key meeting of central bankers later this week remained in focus for currency and rates traders. The S&P 500 ended down 0.2% and the tech-heavy...

European powers have no right to trigger SnapBack mechanism

Mehr News Agency · August 20, 2025

"The #UK, #Germany and #France try to blackmail #Iran and threaten to launch by the end of August the so-called SnapBack mechanism which is envisaged in the UNSC resolution 2231 and can restore all previous economic sanctions against Iran," wrote...

Britain targets Kyrgyz crypto networks aiding Kremlin with sanctions

The Record · August 20, 2025

The United Kingdom on Wednesday imposed a new tranche of sanctions targeting financial institutions and cryptocurrency networks in Kyrgyzstan that are accused of facilitating Russian sanctions evasion. The new British sanctions overlap with...

Splurge kings Chelsea lead Europe in summer sales earnings

Daily Star · August 20, 2025

Chelsea's summer transfer business has shown no signs of slowing down as The Blues continue to boast their mastery at selling. The Blues have pulled off another masterstroke, shipping out fringe defender Renato Veiga to Villarreal in a £26m deal...

BlackRock unit acquires stake in Eni CCS business

Upstream ·

Italian oil major Eni has agreed to sell a minority stake of its carbon capture and storage business to investor Global Infrastructure Partners, part of asset manager BlackRock, for an undisclosed sum. The entity manages projects currently under...

Graham claims Trump ready to 'crush' Russian economy if Putin and Zelenskyy don't talk

WPDE 15 - South Carolina ·

WASHINGTON (AP) — Republican Sen. Lindsey Graham said Tuesday that he believes President Donald Trump is prepared to “crush” Russia’s economy with a new wave of sanctions if Russian President Vladimir Putin refuses to meet with Ukrainian President...

Russia: European states ‘snapback’ activation push fundamentally illegal

Press TV ·

A senior Russian diplomat has roundly rejected the UK, France, and Germany’s push to invoke the so-called “snapback” mechanism inside the UN Security Council Resolution 2231 that has endorsed a 2015 nuclear deal between Iran and world countries,...

ECB chief says Europe should deepen non-US trade ties

Semafor · August 20, 2025

Europe should strive to deepen trade ties with non-US partners, the head of the European Central Bank said Wednesday, as the bloc’s economy begins to feel the heat from Washington’s tariffs. ECB chief Christine Lagarde said that a recently...

Econergy starts operations at 87MW Oradea solar project in Romania

PV Tech · August 20, 2025

The company noted that Israeli insurance provider the Phoenix Group was involved in the project development, and has now invested more than €225 million (US$262 million) into Econergy’s projects in Romania. “The successful connection of Oradea...

Nordic biometrics providers report progress, hiccups in global sales

Biometric Update · August 20, 2025

Selling software and products to the other side of the world can be complicated business, as Nordic fingerprint biometrics providers are experiencing. Quarterly reports from Next Biometrics, Precise Biometrics and Fingerprint Cards illustrate...

European Leaders Trying To Hinder Peace Talks: Russian President's Special Envoy

MENAFN · August 20, 2025

(MENAFN- IANS) Moscow, Aug 20 (IANS) Russian President's special envoy for economic cooperation with foreign countries and head of the Russian Direct Investment Fund, Kirill Dmitriev has accused European leaders of trying to hinder peace talks and...

Bankrupt Claire’s to keep around 800 stores open after selling North American business for $104M

New York Post · August 20, 2025

Jewelry retailer Claire’s said Wednesday it would sell its North American business to private equity firm Ames Watson for $104 million in cash, in a deal that will keep at least 795 retail locations in business. The sale agreement will “allow the...

How to update the EU Merger Guidelines

VoxEU ·

The European Commission has begun drafting new Merger Guidelines to replace its 2004 Horizontal Merger Guidelines and 2008 Non-Horizontal Merger Guidelines. Although the existing guidelines remain valuable tools for assessing mergers, significant...

UN Contracts With Companies Doing Business in Israel May Violate Ethics

Pass Blue · August 20, 2025

Gaza destruction. A UN report by Francesca Albanese, the human rights expert on the occupied Palestinian territories, lists multinational corporations that do business with the Israel government, calling it the “economy of genocide.” Some of the...

EU Condoles Victims After Deadly Bus Crash in Herat

Khaama Press · August 20, 2025

At least 79 Afghan migrants returning from Iran, including 19 children, were killed when a bus collided with a truck in Herat. The EU mission in Kabul expressed condolences, calling the tragedy a reminder of Afghanistan’s poor road safety. The...

Measles cases surge in Spain; Morocco cited as main source in Canary Islands

Hespress · August 20, 2025

Measles infections in Spain have surged by 43% in the first half of 2025, with 328 cases reported by June, up from 229 during all of 2024, Spanish media reported this week. According to Diego García, spokesperson for the Spanish Society of...

No, ‘the Economists’ Didn’t Botch Trump’s Tariffs

The Dispatch · August 20, 2025

The Misses Let’s start with the two things economists and other experts, myself included, actually did miss—at least partially and so far. First, foreign companies appear to have shouldered some of the tariff burden by lowering their sales prices...

New European giant 'approach' Chelsea over Chukwuemeka deal

Sports Mole ·

A different European giant reportedly joins the race to sign Chelsea playmaker Carney Chukwuemeka before the end of the summer transfer window. Chelsea have reportedly been given fresh hope of finding a new club for Carney Chukwuemeka. Despite...