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The Latest Breaking News from European Union

Ukraine war briefing: Kremlin says it has ‘immunity’ to US sanctions as Trump deadline looms

Russia says it has been living under ‘a huge number of sanctions’ for some time; attacks on Ukrainian capital leave six dead. What we know on day 1,254

The Guardian - AU

Countries failing to act on UN climate pledge to triple renewables, thinktank finds

Fossil fuel reliance likely to continue and Cop28 target of limiting global heating to below 1.5C will be missed

The Guardian - UK

Airbus First-half Profit Climbs 85% To $1.7 Bn

European aerospace group Airbus posted an 85-percent rise in first-half profit Wednesday to $1.7 billion, even though it delivered fewer commercial planes compared with the same period last year.

International Business Times

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Dollar Rallies and Gold Sinks as Powell Pushes Back Against Rate Cuts

The dollar index (DXY00 ) on Wednesday extended this week’s rally and rose by +0.88% to a 2-month high. Signs of strength in the US economy boosted the dollar Wednesday after the July ADP employment change rose more than expected by the most in four months, and Q2 GDP expanded...

Barchart

Ionis Posts Surprise Q2 Profit, Double Revenues On Stronger Sales From Newly Approved Genetic Disease Drug

Ionis Pharmaceuticals Inc. (NASDAQ:IONS) reported second-quarter adjusted earnings of 85 cents on Wednesday. The company reported an adjusted loss of $35 million a year ago.

Benzinga

Harley-Davidson, Hershey, Adidas, Mercedes warn of profit woes and tariff costs after US-EU 15% deal

Earnings announcements come as across-the-board tariffs set to take effect on Friday

The Independent UK

‘Europeans annoy me,’ says proudly American JD Vance, who loves making out with sofas

Self-appointed culture critique.

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Labour Accused Of 'Creeping Back To The EU' As UK Cars Set To Be Fitted With Breathalysers And Crash Recorders

Labour faces criticism for plans to fit UK cars with breathalysers and crash recorders under proposed EU-aligned safety regulations.

International Business Times UK

Macron says the EU-US trade deal's not yet done, and calls for more negotiation

With the ink barely dry on the trade deal between the EU and the US, the French president called for continued negotiations and, if necessary, the implementation of rebalancing measures.

Euronews

EU Urged To Act On Forests' Faltering Absorption Of Carbon

The amount of carbon dioxide absorbed by European forests has reduced dramatically in recent years putting the EU's climate targets at risk, researchers said Wednesday, calling for urgent action to halt the decline.

International Business Times

Clear waters: Where are the cleanest and least safe bathing spots in Europe?

The Mediterranean tops the latest ranking, which features some notable surprises from the Black Sea and the Alps.

Euronews

If you'd like to see Meta's AI gunk purged from WhatsApp, a new antitrust investigation in Italy might just do the trick

Be gone, all-seeing Eye of Zuckeron.

PC Gamer

EU's new Entry/Exit System has had a shaky start. Here’s what travellers need to know

Travellers can expect information campaigns and awareness-raising activities at border crossing points.

Euronews

An ex-Apple engineer says his new defense startup leans heavily on a key Silicon Valley strategy: 'Look at the speed that Tesla moved'

"Our adversaries are arming themselves with emerging technologies at a rapid industrial scale," says CEO Dimitrios Kottas.

Fortune

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Barchart

Solid US Economic Reports Boost the Dollar

The dollar index (DXY00 ) today extended this week's rally and is up by +0.59% at a 2-month high. Signs of strength in the US economy are boosting the dollar today after the July ADP employment change rose more than expected by the most in four months, and Q2 GDP...

Euronews

Customs duties: What will be the possible impact on consumers in Europe?

The prices of European products are likely to rise in the United States. Conversely, the trade agreement should not cause inflation in Europe, as the EU has not introduced counter-tariffs on American products.

Euronews

European dockworkers demand halt to arms shipments to Israel

Israel says its Gaza offensive is self-defence, but dissent is spreading. In June, French dockworkers blocked a shipment of arms components bound for Israel, rousing support across Europe. In the Italian port of Genoa, dockworkers — long opposed to arms exports — joined the protest.

Euronews

Entrepreneur like a Ukrainian: 100,000 Ukrainian companies have opened in Poland since 2022

Since the outbreak of Russia's full-scale invasion of Ukraine in February 2022, Ukrainians residing in Poland have established more than 13,000 companies and around 90,000 sole proprietorships, according to data from the Polish Economic Institute and Gremi Personal.

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Euronews

Mercedes sees profits slump by more than half amid US tariff turmoil

German carmaking powerhouse Mercedes-Benz also issued new predictions for this year’s revenue, indicating that it will be significantly below last year's total.

Euronews

Poland's €45bn defence loan bid makes up third of EU total

More member states may decide to request loans before the formal deadline in late November.

The Independent UK

18 countries apply for EU billions as Europe seeks to provide for its own security without the US

The European Commission says 18 EU countries have so far applied for billions of euros from a new defense fund aimed at helping Europe provide for its own security

The Guardian - UK

Bank of England governor blocks Rachel Reeves’s Revolut meeting

Concerns about chancellor’s involvement in independent process over fintech’s banking licence

Benzinga

Trump's Ex-Commerce Secretary Warns China Won't Bow To US Like EU, Japan: 'If There's A Real Trade War…'

Wilbur Ross, the former Commerce Secretary under President Donald Trump, has cautioned that the U.S.-China trade war is far from over, despite recent trade agreements with the EU and Japan.

International Business Times

Hermes Confirms Outlook For Rising Sales In 2025

French luxury group Hermes confirmed Wednesday its outlook for full-year sales growth as it turned rising revenue for all parts of the world in the first half despite global economic uncertainty.

The Independent UK

Trump's latest tariff deadline is approaching. Here are the trade deals the US has announced so far

The clock is ticking closer to U.S. President Donald Trump’s latest tariff deadline of Aug 1

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