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The Latest Breaking News from European Union

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.

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

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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

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

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 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.

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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

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

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

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.

Eurozone Economy Expands But Tariff Impact Looms

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.

International Business Times

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

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

The Independent UK

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

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.

International Business Times

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

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.

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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

Aclaris Therapeutics Stock Spikes In After‑Hours Session Following Major Announcement

Following the announcement of positive top-line results from its open-label Phase 2a trial, the stock of Aclaris Therapeutics Inc (NASDAQ:ACRS) has seen a 21.94% rise in after-hours trading on Tuesday.

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

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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…

Trump Calls It 'The Biggest Deal Ever,' But Critics Are Pointing Out 'Nothing's Been Signed' With The EU — Did The President Score A 'Lowercase Win?'

President Donald Trump on Sunday touted a new trade agreement with the European Union as “the biggest deal ever reached in any capacity,” but critics, however, are questioning the substance behind the headlines.

The Guardian - UK

An effigy of refugees, burned by a crowd: this is where Europe’s brutal fantasy of border control has led us

The shocking scene in Northern Ireland is the result of a decade spent militarising Europe’s fringes – and dismissing the human cost, says migration and border researcher Maurice Stierl

We Got This Covered

‘An accomplice’: Germany with history textbooks full of regrets is now blocking justice for Gaza

Wrong side of fascism, now wrong side of Gaza justice.

Dollar Gains on Euro Weakness Over EU-US Tariff Deal

The dollar index (DXY00 ) on Tuesday rose by +0.22% and posted a 5-week high. The dollar has carryover support from Monday following the EU-US trade deal that is seen as favoring the US. Also, expectations for the Fed to keep interest rates unchanged at the end of Wednesday's 2-day...

International Business Times

US Says Trump Has 'Final Call' On China Trade Truce

China and the United States agreed Tuesday to hold further talks on extending their tariff truce, but a top US trade official stressed that President Donald Trump would make any "final call."

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