Rachel Reeves ‘not satisfied’ as UK economy flatlines under Labour

SummaryProfits at Porsche and Volvo Cars plummeted in Q1 due to the impact of US tariffs, with Volvo reporting a 59% drop in operating profits and withdrawing its guidance for the next two years, while Porsche's profits fell 40% amid rising costs and declining deliveries. Both companies are implementing cost-cutting measures, with Volvo launching an SKr18bn program and Porsche reducing production expansion plans. Uncertainty around trade policies continues to challenge profitability, as Porsche revised its...

The article discusses the shifting dynamics of the transatlantic relationship following the recent funeral of a pope, highlighting a brief interaction between U.S. President Trump and European Commission President Ursula von der Leyen as emblematic of Europe's isolation. With increasing aggression from Russia and an unpredictable U.S. stance, Europe faces challenges in maintaining territorial integrity and democratic norms. However, the article notes that Europe is also expanding its influence, with new NATO members and diplomatic...

In his first 100 days, Donald Trump's foreign policy has significantly altered global dynamics, impacting longstanding alliances and international relations. He has cut off aid to Ukraine amid its conflict with Russia, brokered and then failed to maintain a ceasefire in Gaza, and launched military strikes in Yemen, leading to perceptions of the US as an "unpredictable ally." These actions have emboldened rivals and strained relationships with key allies, marking a dramatic shift in US...

The European Court of Justice has ruled that Malta's "golden passport" scheme violates EU law, requiring the island to end the commercialization of EU citizenship. The court emphasized that a Member State cannot grant nationality in exchange for payments or investments, as this undermines the essence of EU citizenship based on mutual trust. The European Commission had referred Malta for its citizenship-for-investment scheme, which poses risks of corruption and lacks a genuine link to the...

Eurocentric assumptions and resource-grabs are valid sources of outrage in the global south, particularly in light of Donald Trump's disruptive tariff wars, which threaten transatlantic relations. The EU, linked by a vast network of trade and aid agreements with over 70 countries, has the potential to emerge as a significant global player in a multipolar world, but it must first address its Eurocentric views and complacency. Shada Islam, a Brussels-based commentator on EU affairs, emphasizes...

With Labour losing votes to pro-European parties, a new analysis indicates a significant shift in public sentiment regarding Brexit nearly nine years post-referendum. Only 11% of British voters still believe Brexit has been successful, while remain politicians have appeared hesitant to embrace pro-European views, fearing backlash. However, there are signs of a positive change in attitude, suggesting that the political landscape may be evolving. Full Article