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The Latest Breaking News from European Union

The battle over the EU's €2 trillion budget has begun

The European Commission has proposed a €2 trillion long-term budget which would controversially merge agricultural and cohesion funds. Commission President Ursula von der Leyen defended the move as effective, but critics have warned it could undermine rural and regional development.

Euronews

Don't let EU, Japan deals lull you into a sense of security, says Trump's former commerce secretary—a trade war with China may still be in the cards

"We're in much better shape because it's now clear that if there's gonna be a real trade war with anyone, it would just be with China," Secretary Ross tells Fortune.

Fortune

Merck CEO Sees Minimal EU Tariffs Impact, Warns Of Gardasil Challenges

Merck Co. Inc. (NYSE:MRK) shares fell over 6% in early trading Tuesday after the pharmaceutical giant reported a mixed second-quarter earnings picture, with adjusted earnings surpassing analyst consensus but overall sales experiencing a slight year-over-year decline and missing revenue expectations.

Benzinga

From analysis to the latest developments in health,
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Netherlands Bars Two Hardline Israeli Ministers

The Netherlands has declared Israel's finance and national security ministers persona non grata for inciting violence and urging ethnic cleansing in Gaza.

International Business Times

EU plans $30 billion investment in gigawatt AI data centers — multiple sites to host 100,000 AI GPUs each as bloc plays catch-up to US and China

The European Union is launching a $30 billion initiative to build a network of gigawatt-class AI data centers across 16 member states in a bid to catch up with the U.S. and China, though concerns remain over power supply, unclear specifications, and long-term business viability.

Tom’s Hardware

Dollar Rallies on Trade Deal Optimism and Positive US Economic News

The dollar index (DXY00 ) today added to Monday's sharp gains and is up by +0.43% to 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...

Barchart

Which are the most studied languages in EU schools?

Spanish takes second place among pupils in general education, while German wins the silver medal in vocational schools.

Euronews

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‘Europeans are celebrating’: Donald Trump’s EU tariff deal means bargains for Europeans and skyrocketing prices for Americans

Yet another Trump raid on your wallet.

We Got This Covered

Fossil-fuel Pledge In EU-Trump Deal Sparks Climate Fears

The EU is promising colossal new US fossil fuel purchases under its trade deal with President Donald Trump, raising concerns for the bloc's climate fight -- should the mammoth pledges come true.

International Business Times

Drug Prices To Get 'More Expensive' Under Trump's EU Trade Deal As Pharma Faces Billions In Added Costs: Report

The pharmaceutical industry could face a significant financial hit due to the new trade deal between the U.S. and the European Union (EU), potentially leading to increased drug prices and restricted access.

Benzinga

The UK could soon recognise the state of Palestine. What does that really mean?

France was the first G7 country and member of the UN Security Council to commit to formally recognising the state of Palestine

The Independent UK

EU and US spin conflicting versions of trade deal, sowing confusion

The European Commission and the White House are making contradictory claims about the content and scope of the EU-US trade deal.

Euronews

Trump’s 15% tariff on medicines will harm patients, say EU drugmakers

Trade group says levy will reduce access, disrupt supply chains and cut R&D

The Guardian - UK

IMF upgrades global growth forecast as Trump tariffs ease, but warns on risks

Despite reduced tensions and EU trade deal, US policies are ‘highly uncertain’, says Washington-based organisation

The Guardian - UK

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The Guardian - UK

I live in Britain; I grew up in Israel. It’s painful to say, but we need real UK sanctions to save Gaza

Symbolic gestures and empty statements are no longer enough. In Israel’s globalised economy, here’s what will shift public opinion, says says senior lecturer in Israeli studies Yair Wallach

The Guardian - UK

European Commission proposes suspending Israel from part of Horizon research programme

Horizon Europe is among the most prestigious science research programmes in the world

Euronews

Exclusive: Cross-party EU lawmakers call for sanctions on Israel over Gaza ‘atrocities’

At least 58 MEPs from the left and right of the political spectrum are urging the EU to take ‘decisive’ action over the humanitarian crisis in Gaza, saying that the ‘time for moral cowardice is over’.

Euronews

Liver cancer cases could double by 2050. A new study says 60% are preventable

Experts call for urgent global action on hepatitis, alcohol, and obesity as new data shows that while preventable liver cancer cases are on the rise, the right mix of policy, prevention, and public awareness could save millions of lives.

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Fortune

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.

The Independent UK

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

Euronews

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

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

Euronews

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.

Barchart

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.

Euronews

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.

The Conversation

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…

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