Saturday, 18 July 2026 · Europe
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EUROPES The European Report
European Edition Saturday, 18 July 2026
LATEST

Economy & Money

European economy, markets, the euro, ECB, inflation and business.

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Sizewell B nuclear power plant granted a 20-year life extension

Extension comes as government encourages first nuclear power projects in a generation to meet UK’s growing need for electricity Br…

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UK regulator moves to block bigger car loan payouts

Britain's financial watchdog is asking courts to dismiss a consumer group's push for larger compensation, a move that would shield…

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UK pushes platform liability over unsafe baby goods sold online

The discovery of 150 hazardous baby products on global e-commerce platforms has pushed the UK to demand proactive safety checks, h…

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Datacentres are a ticking timebomb. We must make sure AI’s benefits outweigh the costs | Nicki Hutley

They suck up energy and water, and blast out heat. Just who is better off from all this investment – aside from tech bros? The two…

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Will Trump invade Cuba? – podcast

Since Donald Trump threatened to ‘take’ Cuba, the Caribbean island has been on edge. Escalating US sanctions and an oil blockade h…

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Britain’s markets attracting generation of highly educated entrepreneurs

Nearly a quarter of market traders now hold master’s degree, PhD or medical doctorate, research shows One in five young market tra…

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How to find lost bank accounts

How to find lost bank accounts

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Jackdaw owner says gas field will 'not materially influence' climate change

The new assessment was required by the industry regulator, after it found several areas had not been adequately addressed in a pre…

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Housebuilder Vistry warns of losses amid heavy discounting on unsold homes

Group blames expected £30m loss in first half of year on weakening market and lower consumer confidence Vistry Group , one of Brit…

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Severn Trent avoids fine for wastewater failures

The water firm took "genuine accountability" after breaching wastewater obligations, Ofwat says.

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Severn Trent escapes Ofwat fine after £98m sewage fix

Britain's water regulator has spared Severn Trent a fine for serious sewage failures because it proactively invested £98m, setting…

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The rapid rise of housefishing: are AI-enhanced property listings helpful – or sinister?

From repainted walls to imaginary lawns, estate agents say modified photos help buyers ‘visualise the potential of a property’. Bu…

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Virgin Media fined record £28m for blocking customer cancellations

UK telecoms regulator Ofcom has hit Virgin Media with a record £28m fine for systematically obstructing contract cancellations, a …

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Oil prices rise after fresh US strikes on Iran and return of sanctions on Tehran – business live

Almost all major Asian stock markets fall, with Samsung Electronics shares sliding for a second day Good morning, and welcome to o…

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Trains and emergency calls affected after major outage at Australia's largest telecoms company

Servers at data centres in Sydney and Melbourne were to blame but the exact cause remains unknown.

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Virgin Media fined £28m for preventing customers from cancelling contracts

Millions of phone calls from customers were "likely mishandled" over nearly a three-year period, the regulator says.

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Britons to buy 8m mini fans this year – but almost half will end up in landfill

Shoppers urged to seek quality products or alternatives as data shows demand surpassing least year’s total Britons are expected to…

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Aliens, chimps and a pregnant man: iconic British adverts – in pictures

They may have been unethical, potentially dangerous and somewhat sexist … but each of these classic adverts, from the PG Tips chim…

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UK councils use Airbnb data to catch social housing fraud

A pioneering data-sharing agreement between Airbnb and UK authorities is being used to reclaim thousands of publicly subsidised ho…

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Australia dock workers call for 28-hour week in AI talks

A union says workers are "in the crosshairs" of automation as AI is being tested across ports.

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Datacentres are booming – and there goes the neighbourhood | Jess Harwood

Be careful what you wish for See more of Jess Harwood’s cartoons here Continue reading...

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Hundreds of jobs at risk as John Lewis plans to cut some services

No final decision has been made but the job cuts will happen in the autumn if the redundancy plans are approved.

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Victims of 23andMe data breach to get $47m payout, judge rules

23andMe compiles genetic profiles of people through DNA testing kits, but it was heavily criticised after a 2023 hack.

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Package holidays to Dubai and Egypt cheaper as European prices creep up

Family deals to many non-European destinations are cheaper this summer than last, as travel nerves have slowed bookings.