Economy

Finland slashes taxes to lure investors and fund defence
April 28, 2025
Line
1
 Min

Finland slashes taxes to lure investors and fund defence

Finland’s centre-right government has proposed cutting corporate tax from 20% to 18% and reducing personal income taxes by €1.1 billion dropping the top rate from nearly 60% to 52% to attract investment, while tapping the national pension fund to help boost defence spending to 3% of GDP by 2029, despite pushing the budget deficit above EU limits.

UK and EU Forge ‘New Strategic Partnership’ to Strengthen Trade and Security
April 28, 2025
Line
1
 Min

UK and EU Forge ‘New Strategic Partnership’ to Strengthen Trade and Security

Ahead of their 19 May summit, London and Brussels are drafting a political declaration to deepen cooperation on defence particularly over Ukraine trade resilience, migration and youth exchanges, signalling a renewed rapprochement despite looming US tariff disputes.

Huge Power Outage Brings Parts of Spain and Portugal to Standstill
April 28, 2025
Line
1
 Min

Huge Power Outage Brings Parts of Spain and Portugal to Standstill

A massive blackout swept across Spain and Portugal on Monday, disrupting transport, grounding flights and halting routine hospital services. The outage, which briefly affected parts of southern France, began around 10:33 GMT and left millions without electricity. Authorities are investigating the cause, while emergency measures and backup generators have kept critical services running.

The Record-Breaking Tunnel Being Built from Denmark to Germany
April 27, 2025
Line
1
 Min

The Record-Breaking Tunnel Being Built from Denmark to Germany

Construction is underway on the Fehmarnbelt Tunnel, a groundbreaking 18km immersed road and rail tunnel linking Denmark and Germany beneath the Baltic Sea. Once complete in 2029, it will be the world’s longest tunnel of its type, slashing travel times between Hamburg and Copenhagen, boosting freight links, and creating new opportunities for the region. With a €7.4 billion investment largely funded by Denmark and the EU, the tunnel aims to be a cornerstone of greener, faster European transport infrastructure.

Trump Announces 90-Day Pause on ‘Reciprocal’ Tariffs With Exception of China
April 9, 2025
Line
1
 Min

Trump Announces 90-Day Pause on ‘Reciprocal’ Tariffs With Exception of China

President Donald Trump announced a 90‑day pause on all “reciprocal” tariffs except those on China, which will be increased to 125% in a dramatic policy reversal aimed at easing global trade tensions and stabilizing markets. The decision caused US stock indices to surge, and Trump signaled a willingness to negotiate further trade deals during the pause, despite heightened tensions with China and ongoing trade war concerns with other nations.

EU to build AI gigafactories in €20bn push to catch up with US and China
April 9, 2025
Line
1
 Min

EU to build AI gigafactories in €20bn push to catch up with US and China

The European Commission has unveiled a €20bn plan to create state-of-the-art AI gigafactories across Europe. Aiming to close the technological gap with the US and China, the initiative will develop up to five sites equipped with vast supercomputing power, using renewable energy sources. The project is part of Europe’s broader strategy to boost innovation, competitiveness, and its transition to digital and green technologies, and comes alongside efforts to simplify the AI Act.

Europe's First Universal Theme Park Coming to UK
April 9, 2025
Line
1
 Min

Europe's First Universal Theme Park Coming to UK

The UK is set to become home to Europe's first Universal theme park, built on the former Kempston Hardwick brickworks near Bedford. With plans for a 476-acre (potentially expandable to 700 acres) entertainment resort featuring a state-of-the-art theme park, hotel, and retail complex, the project is expected to create around 28,000 jobs and attract 8.5 million visitors in its first year. The development is a major component of the UK's government’s Plan for Change, aimed at driving economic growth and innovation across the UK.

Major UK Investors Push Retail Giants to Pay ‘Real Living Wage’
March 27, 2025
Line
1
 Min

Major UK Investors Push Retail Giants to Pay ‘Real Living Wage’

Major investors including Axa and Scottish Widows are co-filing shareholder resolutions urging retailers like Next, Marks & Spencer, and JD Sports to ensure that their workers receive a “real living wage” at least £12.60 an hour outside London and £13.85 in London rather than just the statutory minimum wage.

Categories

Mergers & Acquisitions
Economy
Companies
Markets
Tech & Space
Energy

Get smarter in just 5 minutes

Your daily 5-minute digest on business and tech news from across the UK & EU delivered straight to your inbox every morning!
Your data is never sold, transferred or used for any purpose other than to deliver our newsletter.
Thank you for subscribing to Dawn Digest!
Something went wrong while subscribing. Please contact us at support@dawndigest.com.

Copyright © 2024 DawnDigest. All Rights Reserved.

Close Icon