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Volvo's Electric Trucks Win 2027 Title as Grid Spending Lags Behind

Volvo's Electric Trucks Win 2027 Title as Grid Spending Lags Behind

Volvo Trucks' new heavy-duty electric range was named International Truck of the Year 2027 at IAA Transportation on 27 September. The same week, a $1.9 billion US grid grant programme and a Chinese storage market reform showed how unevenly the infrastructure behind electrification is being built.

Economy28 September 20266 min readSources 7

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Europe's Energy Bill Becomes Policy: Datacenters, Toy Factories and Heat Pumps

Europe's Energy Bill Becomes Policy: Datacenters, Toy Factories and Heat Pumps

Wholesale power prices in the largest US market rose 75.5% year on year in the first quarter of 2026, while in Europe 350 Playmobil jobs ended and heat pump sales climbed 17%. Energy prices are now the main variable in industrial decisions on both sides of the Atlantic.

Economy28 September 20266 min read
AI Hiring Hits Two Tracks: Data Centre Trades Boom, Graduates Face 5.7% Jobless Rate

AI Hiring Hits Two Tracks: Data Centre Trades Boom, Graduates Face 5.7% Jobless Rate

Data centre construction is pulling electricians and pipefitters into six-figure roles while recent graduates face a 5.7% unemployment rate, according to figures reported by CNBC on 25 and 26 September.

Economy28 September 20265 min read
AI and the Labour Market: Hiring Slows, Trades Boom, Entry-Level Door Narrows

AI and the Labour Market: Hiring Slows, Trades Boom, Entry-Level Door Narrows

US employers shed 23,000 jobs in July, the Bureau of Labor Statistics said on 7 August, the first monthly contraction since February, while the unemployment rate slipped to 4.1% and labour force participation fell to 61.4%, the lowest reading since February 2021.

Economy28 September 20268 min read
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Europe's energy squeeze: fuel costs, e-bike power and a solar price shock

Australia's national average petrol price jumped by more than 10 cents a litre last week to 237.5c/L, with diesel up more than 13c to 286.7c/L, according to the Australian Institute of Petroleum, as global oil supply disruptions push up costs for industry and households.

Economy28 September 20266 min read
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AI and jobs: what the data actually shows, from US payrolls to Turkey's game studios

The US economy shed 23,000 jobs in July and the unemployment rate fell to 4.1%, while entry-level game development roles in Turkey are vanishing. Here is what the evidence behind the AI jobs debate does and does not show.

Economy28 September 20267 min read
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AI job fears collide with a hiring market that is splitting, not collapsing

College graduates aged 22 to 27 faced 5.7% unemployment in June 2026. The same week CNBC reported those numbers, a separate CNBC investigation found AI data centres creating six-figure blue-collar jobs. The labour market is not breaking evenly.

Economy28 September 20265 min read
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Europe's energy price squeeze: industry cuts back as fuel costs climb

Australia's national average petrol price jumped more than 10 cents a litre last week to 237.5c/L, according to data published on Monday, as the global energy shock keeps rippling through industrial economies.

Economy28 September 20267 min read
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AI and the job market: weak hiring, record-low confidence and a data centre backlash

US employers shed 23,000 jobs in July, the Bureau of Labor Statistics said on 7 August, the first monthly decline since February and a figure far below analyst expectations.

Economy28 September 20266 min read
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Zhejiang opens grid storage to spot market as US AI hiring data splits

China's Zhejiang province will let independent grid-side batteries trade in its electricity spot market under a notice issued on 23 September, with price-and-quantity bidding from 1 January 2027, covering 40 projects totalling 2.54 GW/5.1 GWh.

Economy28 September 20266 min read
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Energy prices push Playmobil out of Germany as Europe's industry split deepens

Playmobil has stopped making its plastic figures in Germany. The company closed its Dietenhofen plant in Bavaria and moved production to Malta and the Czech Republic, affecting around 350 jobs, as high energy prices keep reshaping where European manufacturing can survive.

Economy28 September 20266 min read
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US shed 23,000 jobs in July as AI cuts both ways for entry-level workers

US employers cut 23,000 jobs in July, the Bureau of Labor Statistics said on 7 August, the first monthly decline since February, while new surveys show AI is reshaping hiring at both ends of the labour market.

Economy28 September 20264 min read
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Europe's chip machine supplier sells nothing at home as energy costs bite

ASML sold no lithography equipment in Europe in 2026, its executive vice president for public affairs said at a panel in Amsterdam, as Europe's energy price crisis and a stalled fab buildout leave the continent without demand for its most valuable export.

Economy28 September 20266 min read