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The Latest Breaking News from European Union

The markets are behaving as if Europe has pulled the wool over Trump's eyes

Investors are trading as if one of two conditions will turn out to be true: That the deal is composed of stuff that was going to happen anyway, or that the U.S. Supreme Court will rule Trump's deals are illegal.

Fortune

Higher US tariffs part of the price Europe was willing to pay for its security and arms for Ukraine

The EU-U.S. tariff agreement sealed over the weekend has been described as a “dark day” for Europe and even a capitulation to American demands

The Independent UK

Spain deepens antitrust probe into Apple, citing App Store pricing concerns

Apple could be “abusing its dominant market position,” the regulator said.

Euronews

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Greek government cautious on new EU-US trade deal reached with Trump

Greek finance minister and other trade officials share their thoughts on the tariff agreement reached between US President Donald Trump and European Commission President Ursula von der Leyen.

Euronews

S&P Futures Gain With Focus on U.S. JOLTs Report and Corporate Earnings, FOMC Meeting on Tap

September S&P 500 E-Mini futures (ESU25) are trending up +0.24% this morning, extending yesterday’s gains, while investors shift their focus from recent U.S. trade deals to economic data, a new round of corporate earnings reports, and the start of the Federal Reserve’s two-day policy meeting.

Barchart

Spain’s economy grows 0.7% as it continues to outshine eurozone peers

Household consumption and business investment have driven the quarterly uptick as employment growth remains strong.

Euronews

UK to recognise Palestinian statehood unless Israel agrees to ceasefire – here’s what that would mean

The UK will formally recognise the state of Palestine in September unless Israel acts to end the “appalling situation” in Gaza. After an emergency cabinet meeting, Downing Street released a statement saying the UK would recognise Palestine unless Israel committed to a long-term sustainable peace, allowed the UN to restart…

The Conversation

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More data shows EU cloud companies are struggling to compete with US giants

US cloud hyperscalers account for most of the European cloud market – local providers have lost half their share since 2017.

TechRadar

The Netherlands to impose travel ban against Israeli ministers and summon ambassador over Gaza

The ban targets two far-right Israeli ministers in support of the Israeli settlers' movement, the continuation of the war, and the "voluntary emigration" of Palestinians.

Euronews

NATO has deep divisions – but why is Spain its most openly critical member?

Many observers, including NATO’s official communications site, hailed June’s NATO summit as “historic”, primarily due to a landmark pledge by core member states to increase defence spending to 5% of GDP by 2035 – a significant shift from the current target of 2%.

The Conversation

BYD is already beating Tesla. Its new Europe playbook shows why it’s poised to dominate the EV race

A new factory in Hungary will help the Chinese automaker take on auto giants like Volkswagen on their home turf.

Fortune

US Stocks Settle Mixed Following US-EU Trade Deal: Investor Sentiment Edges Lower, But Fear Index Remains In 'Greed' Zone

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the “Greed” zone on Monday.

Benzinga

Jim Cramer Lauds Trump's Tariff Playbook: Calls Japan And EU Trade Deals Clean Victories — 'Our Country Ran The Table On Both'

President Donald Trump’s recent trade deals with the European Union and Japan are being praised by CNBC’s Jim Cramer, who called them decisive victories, despite the market’s muted response to them.

Benzinga

Trump's EU Deal 'Good For US Markets,' Say Experts: META, AAPL, PLTR Among Likely Winners — See Full List

A newly finalized trade agreement between the U.S. and the European Union is poised to significantly benefit U.S.-based LNG exporters, the Magnificent 7 technology giants, and the broader tech sector, according to market experts.

Benzinga

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Euronews

US-EU trade deal wards off tariff escalation but threatens growth

The 15% rate removes Trump's threat of a 30% tariff. But it effectively raises the tariff on EU goods from 1.2% last year to 17%.

The Guardian - UK

Only 0.5% of 90,000 oil slicks reported over five-year period, analysis finds

Pollution incidents reported between 2014 and 2019 were compared against scientific study that used satellite imagery to count slicks

The Guardian - UK

Zelenskyy says at least 22 people killed in Russian attacks on Ukraine, hours after Trump put pressure on Moscow – as it happened

At least 85 people injured in overnight attacks after Trump said he will shorten the deadline for reaching an agreement on a ceasefire to ‘10-12 days’

Benzinga

Trump's $750 Billion EU Energy Deal 'Wholly Unrealistic' And 'Absurd,' Say Analysts: 'How Would Literally Any Of This Work'

The European Union’s pledge to purchase $750 billion worth of U.S. energy products over the next three years, as part of its trade deal with the U.S., has been met with skepticism from industry experts.

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The Independent UK

Israeli settler kills Palestinian teacher who helped make Oscar-winning film

Odeh Muhammad Hadalin played a key role in supporting the production of No Other Land, which captured the impact of Israeli military and settler violence on his West Bank community

Al Jazeera

Why did Zelenskyy try to curb autonomy of Ukraine’s anti-graft agencies?

The Ukrainian president’s move to strip the autonomy of anticorruption watchdogs prompts protests, forcing U-turn.

The Guardian - UK

IMF warns on risks to global economy amid tariff trade shock – as it happened

Live, rolling coverage of business, economics and financial markets as economists say ‘risks to the global economy remain firmly to the downside’ amid Donald Trump’s trade war

Benzinga

Trump's EU Trade Deal An Act Of 'Submission,' Says French PM: 'It's A Dark Day'

France's prime minister slammed the trans‑Atlantic trade pact announced by U.S. President Donald Trump and European Commission President Ursula von der Leyen, branding it “submission” by the European Union.

Euronews

No, video doesn't show anti-Zelenskyy protest over Russia peace deal refusal

The miscaptioned video shows a protest against a controversial anti-corruption law that Zelenskyy has since backtracked on, rather than a demonstration against the president himself.

Euronews

Lead MEP says EU should skip 2040 emissions targets

MEP Ondrej Knotek believes that Europe does not need to lead in the fight against climate change and disputes the 2050 goal of climate neutrality.

Euronews

Proposed changes to EU deforestation law will boost illegal Russia timber trade, NGO warns

A majority of EU countries are pushing for changes to the EU deforestation law that could likely boost illegal timber imports from sanctioned Russia and Belarus, according to NGO Earthsight, which claims states pushing for the changes are benefiting from the illegal timber trade.

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Marjorie Taylor Greene

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