Ryanair has lost its court battle against state aid granted to rivals Air France and Swedish carrier SAS. The Luxembourg-based General Court said EU rules were not broken when the…
The Season of the electric vehicles: Ford to go all-electric by 2030
Carmaker Ford has said its passenger vehicle line-up in Europe will be all-electric by 2030. By the middle of 2026, all its cars will be available as electric or hybrid…
Covid: UK quarantine hotel rooms likened ‘a prison’
Quarantine hotels in the UK opened to their first guests on Monday, but some guests staying in them have expressed concerns about their safety, the cost and whether the system…
Racism: Black McDonald’s owner sues for racial discrimination
A former professional baseball player who was once the largest black McDonald’s operator in the US has sued the company for racial discrimination. Herb Washington said the firm had denied…
Trade Wars: Cognac targeted with tariffs in US-EU trade row
The US will impose new import taxes on some French and German goods as part of a long-running trade dispute. It announced tariffs on aircraft manufacturing parts along with certain…
Power Shift: EU trade with US and UK slumps
Although the US and the UK remain the EU’s largest export markets, trade with both countries dropped significantly, the statistics showed. “Trade with the United States recorded a significant drop…
Power Shift: China overtakes US as EU’s biggest trading partner
China is now the EU’s biggest trading partner, overtaking the US in 2020. China bucked a wider trend, as trade with most of Europe’s major partners dipped due to the…
Round 1: Citi loses fight to recoup mistaken $500m payments
The recipients of roughly $500m (£360m) that US banking giant Citigroup wired erroneously will get to keep the money, a US judge has ruled. Judge Jesse Furman said Citi was…
Covid: Melbourne and Auckland to end lockdowns
The Australian state of Victoria and the New Zealand city of Auckland will both end lockdowns on Thursday. Authorities in Australia said they had gained control of a hotel quarantine…
Covid: Japan’s economy shrinks 4.8% in 2020
Japan’s economy surged in the fourth quarter of 2020, but it was not enough to keep the country from negative growth for the year. The economy beat expectations to grow…