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The Latest Breaking News from European Union

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.

Solid US Economic Reports Boost the Dollar

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...

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

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.

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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.

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.

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.

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.

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

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 Independent UK

Bank of England governor blocks Rachel Reeves’s Revolut meeting

Bank of England governor blocks Rachel Reeves’s Revolut meeting

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

The Guardian - UK

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

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.

Hermes Confirms Outlook For Rising Sales In 2025

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.

International Business Times

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

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

The Independent UK

Eurozone growth slows: Spain leads and Germany contracts

Eurozone growth slows: Spain leads and Germany contracts

Eurozone GDP rose just 0.1% in the second quarter of 2025, down from 0.6% in Q1, as Germany and Italy slipped into contraction. Spain led growth at 0.7%, while France surprised with 0.3% growth.

EU fab tool makers get reprieve in EU-U.S. tariffs deal — ASML and others to be exempted from 15% duty

EU fab tool makers get reprieve in EU-U.S. tariffs deal — ASML and others to be exempted from 15% duty

A new U.S.–EU trade deal exempts semiconductor equipment from tariffs, avoiding steep cost hikes for American chipmakers and protecting the competitiveness of U.S. fabs.

Tom’s Hardware

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Netgear makes Wi-Fi 7 in the home much more affordable with its latest mesh system

The Netgear Orbi 370 Wi-Fi 7 mesh system is available in the US first, then coming to the UK and Europe later this year

Italian antitrust authority launches investigation into Meta's WhatsApp AI chatbot

The technology giant is under investigation in Italy for alleged breaches of EU competition law.

International Business Times

Eurozone Economy Expands But Tariff Impact Looms

The eurozone economy unexpectedly expanded in the second quarter of 2025, official data showed Wednesday, despite international trade tensions clouding the global outlook.

The Independent UK

European economy sees growth of only 0.1% as scramble to get ahead of US tariffs goes into reverse

Europe’s economy barely grew in the April-June quarter as frantic earlier efforts to ship goods ahead of new U.S. tariffs went into reverse and the continent’s biggest economy, Germany, shrank

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International Business Times

Mercedes-Benz Welcomes EU-US Deal After Profits Plunge On Tariff Woes

A new trade deal struck between the United States and European Union is good news despite fears it is unbalanced, Mercedes-Benz said Wednesday after the German carmaker reported a tariff hit of hundreds of millions of euros in the second quarter.

Google will sign up to EU’s AI Code despite concerns

Meta is so far the only US tech giant that has said it will not sign up to the voluntary rules.

The Guardian - UK

EU to start rolling out biometrics entry system for non-EU visitors from October – as it happened

EU entry exit system, involving fingerprinting and facial recognition, being introduced from 12 October for non-EU citizens

Radio France Internationale

EU’s controversial trade truce with Trump faces mounting backlash

Reaction has been pouring in to the newly struck EU-US trade deal, with the EU facing growing criticism over a compromise many see as a strategic misstep under pressure from Washington.

The Independent UK

Business news live: FTSE 100 reaction as HSBC sees profits drop, Nationwide launches benefits line

Stock market news and latest business and finance updates from Wednesday

European stockpile of USAID-funded contraceptives faces destruction

Contraceptives valued at $10 million stored in Europe face destruction following the closure of a key American aid agency, amid backlash from global health groups calling for redistribution.

EU fails to agree Israeli suspension from research fund over Gaza

EU member states could not rally the support necessary to suspend Israel from the Horizon Europe fund in response to the war in Gaza. The proposal needed a qualified majority of member states to pass it. But two of the largest countries - Germany and Italy - said they need…

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