Wednesday, 22 July 2026 · Europe
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EUROPES The European Report
European Edition Wednesday, 22 July 2026
LATEST

Economy & Money

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

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Could you handle a 20-plus hour flight? This airline is banking on it

Some analysts say the first non-stop London to Sydney flight is a major milestone - but would you buy a ticket?

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Three unusual things about the King's tax bill

King Charles paid £12.9m in tax for 2024-2025 - here's what we know about his unique tax situation.

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Trump threatens 100% tariff on European nations over tech tax

The US president says "Numerous European countries" have been discussing bringing in such a levy.

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Now we know how much tax King Charles pays, and it is very little

The monarch’s declaration doesn’t tell us much, except that his bill is lower than for people with much smaller fortunes The veil …

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New ISA and Lifetime ISA changes explained

In this week’s episode, there’s a deep dive into first-time buyer savings, with a special focus on Lifetime ISAs.

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Charles pays £24.6m tax as royal public funding rises

King Charles has disclosed a two-year tax bill of £24.6m without revealing his income, a move that obscures the true scale of publ…

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The king, his millions, and the first public royal tax bill – The Latest

King Charles has become the first monarch in modern times to reveal how much tax he pays on his private income: £24.6m over the la…

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OpenAI staggers AI model release after Trump administration request

Sam Altman announces limited preview of GPT 5.6 in move that echoes launch of Anthropic’s Mythos Business live – latest updates Op…

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What's happening to petrol prices now oil is back to pre-Iran war levels?

When the conflict began on 28 February, fuel costs jumped as the war disrupted the production and transportation of energy across …

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How do you escape an overdraft?

How do you escape an overdraft? Finance expert Ioan Bain explains

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The jobs most exposed to extreme heat — and why it matters for Europe's economy

Construction and agriculture are Europe's most heat-exposed industries, with transport, manufacturing and energy also facing growi…

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US grocery model links low wages to massive food waste

US supermarkets are discarding billions of pounds of food annually to maintain full shelves, a wage-suppressed business model that…

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At last, an economic policy we can all get behind – doubling the royal family’s funding | Marina Hyde

But with rumours about a certain workshy Windsor circulating this week, are we actually encouraging joblessness with an overly gen…

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Revolut pushes new recruits into office in shift from ‘remote-first’ policy

Hundreds of graduates and interns at finance firm will now have to work in office at least three days a week Business live – lates…

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Great Britain’s grid operator warns again over power supplies in heatwave

Neso asks generators to provide extra electricity on Friday evening to meet demand from fans and air conditioning Business live – …

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First hydropower projects in Great Britain in 40 years given go-ahead

Three pumped storage hydroelectric power station sites in Scotland on list of 16 long-duration electricity storage plans The energ…

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Record temperatures drives up home air conditioning inquiries

Companies see inquiries surge during heatwaves as UK households look to cool down their homes.

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US billionaire wealth hits record as worker wages fall to post-war low

Record wealth accumulation by US tech billionaires is colliding with a historic collapse in workers' wage share, fueling political…

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100,000 jobs and four plants: Volkswagen reportedly plans radical overhaul

Volkswagen is reportedly preparing for the most radical restructuring in its history. Up to 100,000 jobs could go worldwide, twice…

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What King Charles' historic tax disclosure reveals and what it hides

King Charles III has become the first reigning British monarch to make his personal tax bill public, lifting the lid on a slice of…

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Mexico’s new UK ambassador from ‘party of poor’ has 10 houses and £1m of jewellery

Alejandro Gertz Manero’s cars and properties contrast starkly with Morena party’s long association with austerity With his million…

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ECB Consumer Expectations Survey results – May 2026

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Asia stock markets slide as tech shares slump

Trading on South Korea's Kospi index was halted for the third time this week to prevent panic selling.

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How much? The hidden costs of restaurant dishes

Two chefs lift the lid on the expensive business of creating menus they love You pay: £21 Restaurant profit: £1.65 Continue readin…