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#European Commission

European Commission President Ursula von der Leyen delivers the annual 'State of the European Union' address to the European Parliament in Strasbourg, eastern France. Photo: Frederick Florin / AFP
European Commission President Ursula von... […]

EU plans ‘comprehensive reform’ of electricity market

The EU plans a "deep and comprehensive" reform of the electricity market to cope with an energy crisis sparked by Russia's war in Ukraine, European Commission chief Ursula von der Leyen has said.
Farmer Achille Crespiatico assesses damages to his corn field due to a severe drought in Spino d'Adda, as Italy is hit by the worst drought in 70 years. Photo: Piero Cruciatti / AFP
Farmer Achille Crespiatico assesses dama... […]

Driest July in memory imperils Europe’s crops

As much of Europe bakes in a third heatwave since June, fears are growing that extreme drought driven by climate change in the continent's breadbasket nations will dent stable crop yields and deepen the cost-of-living crisis. 
The EU executive, which tracks the economy for the 27 countries in bloc, said GDP growth in the eurozone would reach 2.6% in 2022 and a sharply lowered 1.4% in 2023. Photo: Andre Pain / AFP
The EU executive, which tracks the econo... […]

EU cuts growth forecasts as war-stoked inflation surges

The European Commission has slashed growth forecasts for the eurozone, saying the consequences from the war in Ukraine were continuing to destabilise the economy because of record high inflation
The "Pandora Papers" involved a leak of some 11.9 million documents from financial services firms, which were obtained by the International Consortium of Investigative Journalists (ICIJ). Photo: Loic Venance / AFP
The "Pandora Papers" involved a leak of ... […]

Offshore companies at the heart of ‘Pandora Papers’

Offshore companies are a lynchpin in the system used by leaders and the ultra-rich to hide assets that was exposed in the leaked documents dubbed the "Pandora Papers". So what are they?