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The Latest Breaking News from European Union

Is Europe losing the AI race? Magnificent Seven widen gap over Europe's giants

The US ‘Magnificent Seven’ have pulled far ahead of Europe’s corporate giants, driven by massive AI growth. While US tech surges, Europe’s top firms—mostly in traditional sectors—struggle to keep pace in the new innovation-driven economy.

Euronews

EU efforts to measure companies’ environmental impacts have global effects. Here’s how to make them more just

If you choose to buy a sustainable product at the supermarket, or invest in a sustainable portfolio at your bank, how far does that sustainability reach? Does the product’s “sustainable” label account for the environmental and labour costs where the raw materials were extracted? Does the portfolio include renewable energy…

The Conversation

S&P Futures Gain as Strong U.S. Economic Data and Earnings Boost Optimism

September S&P 500 E-Mini futures (ESU25) are trending up +0.19% this morning, extending yesterday’s gains as rising confidence in the strength of the U.S. economy and positive earnings reports bolstered investors’ risk appetite.

Barchart

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Trump’s tariff pressure pushes Asia toward US LNG deals, but at what cost?

In a bid to avoid harsh tariffs being imposed, many Asian countries are looking to strike large LNG deals with the US. But could this be disastrous for the clean energy transition?

Euronews

Giant cloud of smoke seen over Madrid as wildfires rage in central Spain

The fire broke out in the town of Mentrida in the Castile-La Mancha region, around 30 miles southwest of the capital

The Independent UK

Europe has been ‘free-riding’ on US security, says Merz

The German Chancellor admitted that Europe must ‘do more’ on defence spending

The Independent UK

EU agrees new Russia sanctions after Slovakia drops opposition – as it happened

Deal is 18th such package since Ukraine invasion as Ursula von der Leyen says EU is ‘striking the heart of Russia’s war machine’

The Guardian - UK

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The EU targets Russia's energy revenue and shadow fleet with new sanctions over the war on Ukraine

The European Union is targeting Russia with more sanctions over its war on Ukraine

The Independent UK

North Korea bans foreign tourists to newly opened beach resort

North Korea says it is suspending the entry of foreign tourists to a recently opened mega beach resort, a move that dims prospects for the complex

The Independent UK

Wildfires in Europe burn area the size of Luxembourg as 2025 shapes up to be an 'extreme' year

A ‘perfect storm’ of heatwaves, drought and poor forest management has burnt 232,000 hectares of European land so far this year, experts warn.

Euronews

EU imposes new sanctions on Russia's oil and banks after Robert Fico lifts his veto

The breakthrough on Friday was made only possible after Slovak Prime Minister Robert Fico agreed to lift his veto.

Euronews

Ryanair and easyJet demand EU action after French air traffic control strikes cause travel chaos

Over 1 million passengers were affected by French air traffic strikes in early July, as airlines warn of potential for further summer chaos.

Euronews

Friday briefing: A ‘cruel and unlawful betrayal’ – why is the EU not doing more to sanction Israel?

In today’s newsletter: In failing to leverage its economic influence, the bloc is showing little more than empty threats – and breaking its own rules

The Guardian - UK

European Data Union Strategy: Let’s not avoid the difficult questions

The EU’s Data Union Strategy aims to boost AI-friendly data use, streamline rules, and expand global data flows. But GDPR remains off the table. Unfair B2B data sharing, lack of incentives for public institutions need more attention.

Euronews

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Euronews

EU takes rule of law battle with Hungary to next level with budget proposal

According to the Commission's plan, all payments could be suspended under the new budget if it sees a rule of law backsliding. But getting the plan through will also require the approval of Hungary.

The Guardian - AU

The Crunch: animal genders; the fall of the US dollar; and how many houses can Australia actually build?

Charts on what makes someone cool, Europe’s devastating heatwave and the unoriginality of generative AI

The Guardian - AU

Ukraine war briefing: US moving ‘with haste’ to enable weapons shipments to Kyiv, says Washington

Nato commander says separately that preparations under way to send first Patriot systems to Ukraine in deal involving European countries buying arms. What we know on day 1,241

Euronews

Iceland to launch talks on defence partnership with EU, von der Leyen says

The agreement with the EU is independent of Iceland's NATO membership and existing defence pacts with the United States, public broadcaster RÚV said.

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The Conversation

Japan and South Korea can show governments how to compete with China and US

Governments around the world are hustling. European policymakers, for example, are eager to boost the region’s industrial relevance in a world where the US and China dominate cutting-edge technologies. They want to move beyond the adage that “the US innovates, China replicates and the EU regulates”.

The Conversation

Bosnia and Herzegovina in crisis as Bosnian-Serb president rallies for secession

The country of Bosnia and Herzegovina is embroiled in a crisis that may affect its political future and the stability of the western Balkans. Recent events in the bitterly divided country read a little like a spy novel. But the tensions that threaten three decades of tenuous peace since the…

The Independent UK

German passport e-gates won’t change the reality: Brexit has been a disaster for British travellers

‘Personal jetpacks for all’ is as likely an outcome as ‘direct trains from London to Berlin by 2030’

Evening Standard

Carrying chickens by legs causes them pain, Green Party leader warns

The Government has planned to overturn an EU ban on catching and carrying poultry by their legs.

International Business Times

EU Readies Retaliatory List Targeting US Services

The EU executive is preparing a list of proposed restrictions on US services companies -- including tech giants -- should Brussels fail to strike a trade deal with Washington, European diplomats said on Thursday.

Euronews

Brussels boosts external action budget to tackle climate and migration challenges

The EU proposed €200 billion for the 2028–2034 period to fight climate instability, migration and competition over resources, with a focus on reforms in Ukraine and the Mediterranean region.

Euronews

Are EU citizens on board with higher defence spending?

European leaders seem to be failing to get the message across, as EU citizens rank defence only seventh out of 10 investment priorities.

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