The European Union is considering Italy’s plea to get more leeway on the bloc’s fiscal rules as the Iran war raises costs for households and businesses.
The European Union is considering Italy’s plea to get more leeway on the bloc’s fiscal rules as the Iran war raises costs for households and businesses.
Valdis Dombrovskis, economy commissioner for the European Union (EU), at the Economic and Financial Affairs Council (ECOFIN) meeting in Brussels, Belgium, on Tuesday, May 5, 2026. Europe will consider all retaliatory options should US President Donald Trump follow through on his threat to raise tariffs on cars and trucks from the European Union to 25%, the bloc’s finance ministers said.
Germany plans to increase the firepower of its national raw-materials fund by as much as half to €1.5 billion ($1.7 billion) as it seeks to reduce dependence on critical supplies from countries such as China and shore up supply chains. Officials are also considering expanding the vehicle into a sovereign wealth fund from 2028 onward.
Germany plans to increase the firepower of its national raw-materials fund by as much as half to €1.5 billion ($1.7 billion) as it seeks to reduce dependence on critical supplies from countries such as China and shore up supply chains. Officials are also considering expanding the vehicle into a sovereign wealth fund from 2028 onward.
A laboratory technician prepares lithium brine in the Vulcan Energy Resources Ltd. laboratory at the ZEISS Innovation Hub in Karlsruhe, Germany, on Thursday, Oct. 21, 2021. A new mining process aims to produce battery-grade lithium in Germany without hurting the environment.
European Union economy chief Valdis Dombrovskis said the European Central Bank will need to address the continent’s rising inflation due to the war in Iran.
European Union economy chief Valdis Dombrovskis said the European Central Bank will need to address the continent’s rising inflation due to the war in Iran.
European Union economy chief Valdis Dombrovskis said the European Central Bank will need to address the continent’s rising inflation due to the war in Iran.
European Union economy chief Valdis Dombrovskis said the European Central Bank will need to address the continent’s rising inflation due to the war in Iran.
European Union economy chief Valdis Dombrovskis said the European Central Bank will need to address the continent’s rising inflation due to the war in Iran.
European Union economy chief Valdis Dombrovskis said the European Central Bank will need to address the continent’s rising inflation due to the war in Iran.
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