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The Latest Breaking News from European Union

Macron and Merz forge united front on trade, security and energy in Berlin

The two leaders have reaffirmed Franco-German unity, vowing to tackle challenges ranging from transatlantic trade tensions to European defence and energy policy.

Radio France Internationale

EU fails to reduce 50% steel tariff in outline trade deal with US

Bloc’s steel exporters face ‘catastrophic’ Trump levy, says industry body – potentially twice the rate for the UK

The Guardian - UK

Dollar Pressured by Signs of Slower US Manufacturing Activity

The dollar index (DXY00 ) today is slightly lower by -0.03%. The dollar gave up an early advance and dropped to a 2.5-week low on today's weaker-than-expected US PMI and new home sales reports. The dollar also fell as improved prospects for an EU trade agreement with the US boosted...

Barchart

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EU hails progress on China's rare earth curbs but insists trade be rebalanced

After a one-day summit in Beijing, the European Union insisted on the need to immediately rebalance trade relations with China.

Euronews

EU Turns Up Pressure With Trump Trade Deal 'In Reach'

With the contours of a hard-fought EU-US trade deal taking shape, the European Union is flexing its muscles in a bid to squeeze concessions from US President Donald Trump in the run-up to his deadline of August 1.

International Business Times

‘There cannot be a compromise’: Zelenskyy’s EU hopes go sideways thanks to new Ukraine laws

Joining the EU is no small task, and the Ukrainian presidnet just made it more impossible.

We Got This Covered

EU Commission's defence loan scheme tapped by 20 member states to secure €100bn

EU member states have until 29 July to officially put in a request for financing under the Commission mechanism.

Euronews

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Overqualified and underpaid: Are immigrants earning less than native workers?

Despite almost 40% of non-EU citizens being overqualified for their jobs, they earn nearly 18% less than natives.

Euronews

Russia-Ukraine talks: both sides play for time and wait for Donald Trump’s 50 days to run out

Russia and Ukraine met in Istanbul on July 23 for a third round of talks since face-to-face negotiations resumed in May. Expectations were low. Two previous rounds have yielded very few concrete results, apart from agreements on prisoner exchanges and the return of the bodies of soldiers killed in action.

The Conversation

European Central Bank leaves key deposit rate unchanged at 2%

The European Central Bank kept its benchmark interest unchanged, in line with analyst estimates.

Euronews

Voices: Keir Starmer can rightly be proud of the historic trade deal with India

COMMENT: The prime minister has secured Britain’s biggest post-Brexit agreement – but it’s also one in the eye for Boris Johnson, who had promised to make it happen, but failed, says John Rentoul

The Independent UK

Google hit with Digital Markets Act complaint over user choice restriction

The DMA, which became applicable in 2023, aims to regulate the gatekeeper power of the largest digital companies.

Euronews

Dozens of MEPs call for emergency EU meeting on sanctioning Israel

MORE than 60 MEPs have demanded an emergency EU meeting to push for sanctions against Israel.

The National (Scotland)

EU tells China ties have ‘reached inflection point’ at tense Beijing summit

European officials accuse China of ‘enabling Russia’s war economy’

The Independent UK

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Fortune

‘Risk-on’! Stocks bounce as EU and Japan trade deals give markets the certainty they crave

The TACO trade (Trump Always Chickens Out) appears to be in full effect, for anyone who was long on stocks.

Euronews

Eurozone growth surprises in July: Is the worst really over?

Eurozone economic growth picked up in July, driven by services and stabilising factory activity, suggesting a stronger start to the third quarter. Manufacturing showed signs of recovery, while inflation eased—offering cautious optimism for the bloc’s outlook.

Barchart

Nasdaq Futures Climb on Upbeat Alphabet Results and Trade Deal Optimism, U.S. PMI Data in Focus

September Nasdaq 100 E-Mini futures (NQU25) are trending up +0.36% this morning as investors cheer forecast-beating quarterly results from Alphabet and remain optimistic that the U.S. may strike more trade deals soon.

Motor1

Alfa Romeo Is Struggling in The US, But Thriving in Europe

When Stellantis published U.S. sales results for its Alfa Romeo brand for the first half of the year, the numbers didn’t look good. Through June, the Italian marque was down 34 percent, with all three models posting double-digit declines: Giulia (-32 percent), Stelvio (-40 percent), and Tonale (-28 percent). Combined,…

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The Guardian - UK

Tesla’s European sales slump as Musk warns of ‘rough quarters’ ahead

Electric carmaker struggles to emerge from sales rut on continent despite updating its bestselling Model Y

We Got This Covered

The most dangerous moment’: Get ready for a 2-front war with Russia AND China by 2027, warns EU Defense Commissioner

The clock is ticking.

Euronews

No woke AI, more energy-hungry data centres, and winning the AI race: Inside Trump's AI Action Plan

Euronews Next breaks down what the US AI Action Plan means.

Euronews

EU member states adopt retaliatory hit list in response to US tariffs

The member states adopted on Thursday morning the list of countermeasures targeting €93 billions' worth of US products in response to US tariffs, but the Commission is yet to follow suit. It will only come into effect on August 7 if the two parties fail to reach an agreement.

Evening Standard

UK India trade: 'Never a better time to invest in London,' says Sadiq Khan as Starmer and Modi sign deal

British workers will not be undercut by the agreement, says Business Secretary Jonathan Reynolds

We Got This Covered

The EU just united against Trump’s tariffs, and it’s going to hurt

Don't make multiple enemies that are already in a union.

Euronews

Is the ECB ready to cut the key rates again? Here's what analysts think

The European Central Bank will likely hold off on making another interest rate cut on Thursday, choosing to wait until it can measure the size of any economic blow from higher US tariffs.

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