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The Latest Breaking News from European Union

EU's AI Code ready for companies to sign next week

Both the member states and the European Commission need to formally give the green light to the Code, which helps providers of AI systems comply with the EU’s AI Act.

Euronews

EU Prepares $24.5B In Tariffs As Trump Threatens 30% Import Tax On Mexico, Europe

The European Union has a €21 billion ($24.52 billion) package of tariffs on U.S. goods ready for implementation should ongoing trade negotiations falter, Italy’s Foreign Minister Antonio Tajani stated in a newspaper interview on Monday, as reported by Reuters.

Benzinga

Markets are preparing for an international game of tariff bluff—but President Trump may no longer need to back down

Analysts including Deutsche Bank’s Jim Reid and Goldman Sachs’ Sven Jari Stehn suggest Trump's sharp escalation is more likely a negotiation tactic than a firm policy shift.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Hallow App Controversy: Why Some Users Call It a 'Money Grab'—And Why It's Banned in Some Countries

The Hallow app, a popular Christian prayer and meditation guide, faces bans in China due to 'illegal' content and potential EU restrictions over data privacy.

International Business Times UK

First Thing: ‘Humanitarian city’ would be concentration camp for Palestinians, says former Israeli PM

Ehud Olmert says plan would be ethnic cleansing, and anger at Israel over Gaza war is not all down to antisemitism. Plus, why are numbers of first-time US homebuyers at a generational low?

The Guardian - UK

The markets are playing chicken against Trump on the assumption that the Fed will rescue them if their call is wrong

"At some stage, someone’s bluff could be called," says Deutsche Bank's Jim Reid. "If huge tariffs do get imposed on August 1st, in thin holiday markets, we could get a sizeable market reaction.”

Fortune

EU Commission plans major overhaul of budget, merging agricultural and regional funds

A leaked document reveals that the European Commission is considering a major overhaul of the EU’s long-term budget by merging the Common Agricultural Policy (CAP) with cohesion policy under a single programming framework.

Euronews

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Stocks Set to Open Lower as Trump Ratchets Up Tariff Threats, U.S. Inflation Data and Big Bank Earnings Awaited

September S&P 500 E-Mini futures (ESU25) are down -0.29%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.30% this morning, pointing to a lower open on Wall Street after U.S. President Donald Trump escalated his trade war.

Barchart

Trump’s 30% tariffs would eliminate EU-US trade, says chief negotiator Šefčovič

EU trade commissioner says ‘we want to use ‘every minute until 1 August to find a negotiated solution’

The Guardian - UK

Supreme court clears way for Trump to gut education department – as it happened

This liveblog is now closed.

The Guardian - US

Europe’s stock markets drop amid Trump’s tariff threats against EU, Mexico

Major indices suffer heavy losses as EU ministers prepare to discuss response to US president’s latest trade salvo.

Al Jazeera

Emmanuel Macron warns Europe’s freedom faces ‘greatest threat’ since World War Two

French President pledges to increase military budget as his nation celebrates Bastille Day

Evening Standard

EU Climate VP Seeks 'Fair Competition' With China On Green Energy

The European Union is seeking "fair competition" with China and not a race to the bottom in wages and environmental standards, the bloc's vice president for the clean transition told AFP on Monday.

International Business Times

European markets open in the red after Trump threatens 30% EU tariff

The president of the European Commission Ursula von der Leyen said the EU would not impose retaliatory tariffs on US imports before 1 August, allowing time for negotiation.

Euronews

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The Guardian - UK

Trump confirms new weapons deal for Ukraine and threatens ‘severe’ tariffs on Russia if war doesn’t end in 50 days – as it happened

President says US will make weapons, including Patriots, but Europe will fund them for Ukraine during meeting with Nato chief, Mark Rutte

Euronews

How Serbia's turn to the West provoked Putin’s reaction

It is to be seen if Putin has yet crossed Trump’s “red line” and if Washington is willing to unleash more painful sanctions on Russia. One thing is clear – Moscow’s continued defiance and rogue activities in its neighbourhoods have awakened the Trump administration, Ambassador John B. Craig writes.

The Independent UK

Business news live: Rachel Reeves commits to non-negotiable fiscal rules ahead of Mansion House speech

Stock markets updates and business news from Monday

Euronews

EU trade ministers to mull US tariffs as Germany’s Merz cautions calm

US President Donald Trump's letter warning the EU that 30% tariffs will apply from 1 August unless a deal is reached has turned up pressure on trade negotiations.

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news in one place.

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Euronews

Fact-checking Antonio Tajani's interpretation of the European flag

Italian Foreign Minister Antonio Tajani has described the European flag as symbolising Europe’s 'Judeo-Christian roots', triggering controversy.

Benzinga

Cathie Wood Praises Ethereum Foundation's Plans To Boost Scalability And Privacy, Trader Hits Back With 'Please Don't Shill It' If You Don't Use It

Cathie Wood expressed her support on Sunday for the Ethereum (CRYPTO: ETH) Foundation’s proposed upgrades aimed at enhancing the network’s scalability and privacy.

Euronews

EU member states hesitant on Kallas' 10 options for action against Israel

Ten options for action include suspending visa free travel and blocking imports from the Jewish settlements in response to Israel’s breach of the EU-Israel Association Agreement.

Al Jazeera

EU delays retaliatory tariffs against US amid hopes for trade deal

Ursula von der Leyen says bloc hopes to see negotiated solution to trade tensions.

AAP

Local shares dip as traders assess Trump tariff threats

The ASX200 has finished down 0.1 per cent as investors pondered whether US President Donald Trump might really impose 30 per cent tariffs on Europe.

International Business Times

Asian Markets Mostly Rise On Lingering Trade Deal Optimism

Most Asian markets rose Monday as investors digested Donald Trump's latest trade war salvos that saw him threaten to hit the European Union and Mexico with 30 percent tariffs.

Benzinga

Bitcoin Crosses $119,000 As Crypto Investors Shrug Off Trump Tariffs On Mexico, EU — Ethereum, Dogecoin Spike: Analyst Says ETH's Pump 'Just The Start'

Leading cryptocurrencies rose on Sunday, while stock futures slipped as President Donald Trump slapped new tariffs on Mexico and the European Union.

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