Economy

EU wants to close the Russian tap: "No more blackmail"

The EU Commission wants to phase out all gas imports from Russia by the end of 2027, according to a new strategy presented on Tuesday. A series of legislative proposals will be presented in the next step in June. TT reports.

- Today we are sending a very strong message to Russia. You will no longer blackmail our member states. We will no longer indirectly fill the Kremlin's war chest, says Energy Commissioner Dan Jørgensen at a press conference in Strasbourg.

Tesla's future
Continued decline for Tesla in Europe's largest markets

Tesla's sales in Europe's largest markets remained weak in April despite the rollout of an updated Model Y, writes Bloomberg.

In the UK, only 512 new electric cars from Tesla were registered, according to recent figures. This is a clearly lower figure than in the first months of the year and corresponds to a decline of over 60 percent compared to last year.

In Germany and France, the decline was 59 and 46 percent respectively on an annual basis in April. In Sweden, the loss amounted to 81 percent compared to last year.

– We are not talking about a recession. It is a pure disaster, company car expert Ronny Svensson told DN recently.

The tariff crisis Reactions to the tariffs
Sources: EU ready with tariffs on goods worth 100 billion euros

The EU is threatening to impose tariffs on US goods worth 100 billion euros if negotiations fail, sources tell Bloomberg.

The proposed response to US tariffs is expected to be presented to member states on Wednesday, and further discussions are expected to last a month before a final response is reached, the news agency writes.

US President Donald Trump previously announced a general tariff break of 90 days, but the country has continued tariffs on steel and aluminum from the union. The new list being drawn up by the EU, according to the sources, is a significant expansion from the list already presented.

Ikea boss: No chance of us being able to adapt

European and British companies testify that the pace of changes in US tariffs will have a major effect on their business, writes the Financial Times. One of the business leaders who speaks out in the newspaper's article is Ikea company Ingka's CEO Jesper Brodin.

- There is no chance that Ikea will be able to adapt its footprint and strategy within this timeframe, he says.

Normally, the Ikea group usually plans its production for at least ten years ahead, according to Brodin.