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The Latest Breaking News from European Union

Dollar Gains and Gold Plunges as Trade Tensions Ease

The dollar index (DXY00 ) today is up by +0.45%. The dollar is climbing today after President Trump over the weekend extended the deadline for a 50% tariff on European Union goods by about 5 weeks to July 9 from June 1. The dollar also garnered support from hawkish comments...

Barchart

Investing in Europe is at a nine-year low: Is a rebound coming?

Foreign direct investment (FDI) in Europe dropped to its lowest level in nine years in 2024, with France, Germany and the UK experiencing double-digit declines.

Euronews

Ex-aide to Georgia’s de facto leader at risk of torture, lawyers say

Giorgi Bachiashvili, who fell out with billionaire Bidzina Ivanishvili, arrested and deported from UAE to Tbilisi

The Guardian - UK

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Stocks Rally as President Trump Extends EU Tariff Deadline

The S&P 500 Index ($SPX ) (SPY ) today is up +1.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.94%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.24%. June E-mini S&P futures (ESM25 ) are up +1.17%, and June E-mini Nasdaq futures...

Barchart

Pornhub and three other adult websites face EU child safety investigation

European Commission alleges age verification systems are ineffective in preventing under-18s from watching

The Guardian - UK

‘Betrayal’ or ‘win-win’?: Britain’s EU deal reopens old wounds

Polls suggest most Britons want closer ties with the EU, but some believe the new deal violates Brexit’s mandate.

Al Jazeera

Which Reform UK policies did Nigel Farage confirm in his speech?

The Reform leader’s wide-ranging speech attacking Sir Keir Starmer’s Government came after the party secured widespread support in local elections.

Evening Standard

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Spain fails again to secure unanimity to make Catalan, Galician and Basque official EU languages

The Spanish request fell short of the necessary majority, as countries like Finland, Sweden and Austria voiced their reservations.

Euronews

EU Commission in a hurry on super-computing quantum strategy

The plan, aimed to improve Europe’s uptake of the technology, was originally expected in the third quarter of this year.

Euronews

US-EU trade war ‘in nobody’s interest’, says Downing Street

US President Donald Trump threatened to increase tariffs on EU products last Friday, saying talks with the bloc were ‘going nowhere’.

Evening Standard

Elon Musk can't blame Tesla's Europe crisis on a weak car market

Comprehensive new data for all 31 countries across the continent shows EV volumes rose 28% while Tesla's sales collapsed 49% last month.

Fortune

Elon Musk's Tesla’s monthly sales in Europe plunge by half

TESLA sales across Europe plunged by half last month even as growth in the electric car market picked up pace, according to newly released data

The National (Scotland)

What are the EU’s 'safe country' proposals for asylum seekers?

The European Commission has put forward two plans to overhaul asylum processes amid a charged political atmosphere over irregular migration.

Euronews

Trump tariff delay trade is back, sending U.S. markets up on EU reprieve

“Investors know this act by heart,” Stephen Innes of SPI Asset Management wrote.

Fortune

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The Independent UK

Trump’s trade war endangering US supply of Orthodox Jewish hats from 140-year old factory

A Spanish hatmaker has said higher EU tariffs would be "dramatic" for their business

Fortune

Wall Street’s massive swings signal investors are now ‘too optimistic’ about Trump’s tariff agenda, warns UBS

“These retreats are so frequent that investors should rationally expect them. So why do markets still react to the initial announcements?” UBS’s Paul Donovan asked.

The Independent UK

Greek island clean up begins as plastic bottles and garbage litter seabed

The tourist hotspot is facing a growing issue with marine pollution

The Independent UK

Tesla sales plummet in Europe as Elon Musk backlash continues

Sales across Europe plunged by half last month even as growth in the electric car market increased

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The Independent UK

European Union countries call on Hungary to rethink Pride ban law

New law states facial recognition software could be used to identify people taking part in marches

International Business Times

EU Investigates Four Porn Platforms Over Risks To Children

The EU kickstarted an investigation on Tuesday into four pornographic platforms over suspicions they are failing to stop children accessing adult content in breach of the bloc's mammoth digital content law.

Euronews

EU Commission probes four porn websites amid concern for minors

Protection of minors has been singled out as one of the priority areas under the Digital Services Act (DSA).

Euronews

EU countries 'losing patience' as Hungary grilled on Pride march and rule of law

Several EU member countries demanded strong EU actions on Hungary after what they see as a rule of law backsliding, but Hungary has said political hysteria surround the meeting.

Euronews

EU countries disappointed over Commission’s lacklustre efforts on Ukraine trade deal

The EU executive’s failure to wrap up a long-term free trade agreement with Ukraine despite months of negotiations sparked frustration among the bloc’s agriculture ministers during a closed-door meeting.

Evening Standard

FTSE 100 Live 27 May: Index nears record, BAE Systems and Rolls-Royce continue strong run

Buyers kept Rolls-Royce and BAE Systems in their sights today as the FTSE 100 index advanced another 1% to trade within reach of March’s record high.

The Guardian - UK

IMF lifts UK growth forecast for 2025; markets welcome US delay to EU 50% tariffs – as it happened

Rolling coverage of the latest economic and financial news, as IMF releases latest healthcheck on UK economy

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