Over the weekend, European Commission President Ursula von der Leyen stepped in to defend the EU- US tariff deal, after sharp criticism from Mario Draghi, economist, former ECB chief and former Italian prime minister who, just last year, was asked by von der Leyen to compile a report with ideas...
Trump threatens tariffs on countries that ‘discriminate’ against US tech
Donald Trump has threatened to impose tariffs and export restrictions on countries whose taxes, legislation and regulations target US big tech companies such as Google, Meta, Amazon and Apple. In a post on the US president’s social media platform, Truth Social, Trump said “digital taxes, legislation, rules or regulations are...
Bayrou’s Budget Battle
French prime minister François Bayrou said on Monday that he would seek parliamentary backing for his unpopular plans to shore up France’s ailing public finances on 8 September, asking deputies to “confirm the scale” of spending cuts he says are needed to save €44bn (£38bn) a year. “We face an...
The Czech Republic at a crossroads
With parliamentary elections set for October, the political landscape is shifting toward a possible return to power of Andrej Babiš’s ANO (Action of Dissatisfied Citizens). Polls suggest ANO could secure a majority, forming a government that prioritizes growth over austerity—a clear departure from the fiscal discipline of the current SPOLU-led...
Car finance scandal: shares in UK lenders jump after supreme court ruling
Lloyds and Close Brothers surge after Friday’s court decision slashed the expected bill for compensation on mis-sold loans. Shares in UK lenders surged on Monday after a favourable supreme court ruling significantly slashed the anticipated bill for companies engulfed in the car finance scandal. The specialist lender Close Brothers, which...
Possible countries for Zelenskyy–Putin Peace talks
Despite its neutral status, Switzerland is a signatory to the Rome Statute that founded the court but Ignazio Cassis said that provided Putin was coming for peace purposes, the country could receive him. "This has to do with our diplomatic role, with international Geneva as (the European) headquarters of the...
Moscow signals ax Hikes as economy slows
Russia's financial regulator has published an order defining nine criteria by which banks may introduce a temporary limit on cash withdrawals from ATMs. The statement on the website of the Central Bank of Russia says that from 1 September 2025, banks that have issued a payment card to a client...
European markets await key signals from Powell
The majority of the main European stock markets slowly moved into positive territory after the opening bell. Investors remain cautious while watching for more news about the Ukraine peace talks and US monetary policy. Leading European stock markets reflected a cautiously positive sentiment on Friday as investors watched for progress...
Polish army believes drone that exploded in eastern Poland was launched from Russia
Speaking alongside the minister, general Dariusz Malinowski, Deputy Commander of Armed Forces Operational Command, indicated it was believed the drone that exploded in Poland was launched from Russia. He said the view was based on intelligence as “we don’t have a 100% percent certainty that it was … this specific...
Selection process for EU privacy chief triggers complaints to ombudsman
The mandate of the current privacy watchdog of the EU institutions expired in December last year. The EU Ombudsman has received two complaints about the ongoing process for selecting a new European Data Protection Supervisor (EDPS), the Ombudsman's office has confirmed to Euronews. The office said that it received a...