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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Court of Appeal rules against Daily Mail publisher over donor photo

The Court of Appeal has overturned a High Court decision, exposing media companies to fresh data protection liabilities over misle…

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Tripling US union ranks would shift $1.2tn to workers

A new report shows tripling US union membership would transfer $1.2 trillion annually to workers, highlighting a structural wage-p…

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Keir Starmer says farewell to MPs in his final PMQs - video

Keir Starmer faced his final PMQs before he steps down as the UK's prime minister. He offered his 'full support' to his successor …

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Thames Water pays £4.1m bonuses as nationalisation looms

Britain’s largest water utility handed out £4.1m in executive bonuses despite a near-£20bn debt mountain, drawing government fury …

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Spain inflation holds at 3.2% as VAT cut ends

Spain's headline inflation remained stuck above the ECB target in June due to the expiry of electricity tax relief, though underly…

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UK to enforce overnight social media curfew for teens

A planned UK overnight curfew on TikTok, Instagram and YouTube for 16 and 17-year-olds targets the commercial mechanics that keep …

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Weight-loss drugs force bridal boutiques to alter business models

The rapid adoption of GLP-1 weight-loss drugs is upending the bridalwear supply chain, forcing retailers to choose between costly …

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Record UK consumer fines fail to deliver automatic compensation for households

Record regulatory fines against UK firms for unfair practices highlight a growing enforcement gap where penalised companies pay th…

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China's 4.3% growth exposes export reliance pressuring Europe

China's economy grew at a worse-than-expected 4.3% in the second quarter, highlighting a deep reliance on exports that threatens t…

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Several flights diverted after plane blocks Gatwick runway

An Easyjet flight had to land at Stanstead Airport instead, but then became stuck there when it couldn't find fuel.

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US deletes energy guidance pages, widening policy gap with Europe

The US has removed over 1,600 webpages offering energy-saving advice and proposed rolling back appliance efficiency standards, div…

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Iran flight disruption triggers costs for EU airlines

Widespread flight cancellations stemming from the Iran conflict are forcing European airlines to absorb passenger care costs, shie…

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Europe stocks drop as weak China data and Middle East tension outweigh ASML

Europe’s major stock indices fell today as sluggish Chinese economic growth and rising oil prices overshadowed a massive forecast …

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Thames Water profit masks surging debt ahead of Burnham premiership

Thames Water’s return to profit hides a worsening debt crisis that now hinges on an incoming prime minister who has previously cal…

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England's new buildings risk fatal overheating despite climate rules

Planning experts warn that inadequate cooling rules in English building standards are creating properties that will become economi…

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EV charger fines expose flaws in UK infrastructure rollout

Electric vehicle drivers in the UK are being hit with unexpected parking fines while using public chargers, exposing a regulatory …

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ECB digital euro to challenge card giants with zero fees

European Parliament backing paves the way for a 2027 pilot of a fee-free public digital currency designed to slash merchant costs …

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UK secures up to £350 for heating oil customers hit by price surge

The UK competition watchdog has secured up to £350 in compensation for 1,700 households left without fuel during a Middle East-dri…

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UK locksmith scams surge as Google Ads exploit unregulated market

A 147% jump in reported UK locksmith scams highlights how unregulated tradesmen are using paid search engine placements to masquer…

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UK lawmakers urge break clause on Palantir's underused NHS contract

Incoming Prime Minister Andy Burnham faces pressure to cancel Palantir’s £330m NHS contract after investigations revealed the soft…

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UK BNPL rules take effect, reshaping a 13bn pound credit market

New UK regulations bring the booming buy now, pay later sector under formal oversight, threatening to consolidate the market and l…

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China GDP misses target as export boom masks domestic slump

China's economy grew just 4.3% in the second quarter, missing its lowered target and signalling that a reliance on surging exports…

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The lawyer who took on Meta – and won – podcast

When Mark Lanier and his young client Kaley faced Meta and Google in an LA courtroom earlier this year, it seemed a bigger battle …

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Xbox axes 3,200 staff as it abandons Game Pass expansion

Microsoft’s Xbox is cutting 3,200 jobs to abandon its subscription-driven growth model, a strategic reversal that signals deeper t…