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The Latest Breaking News from European Union

European markets bounce back despite renewed Trump tariff threats

US president Donald Trump has kicked trading tensions up a notch by threatening tariffs on EU alcohol, even as ECB president Lagarde warns that an escalating trade war could have severe global consequences.

Euronews

EU Parliament ethics system 'not fit for the job', EU expert says

Professor Alberto Alemanno thinks the European Parliament's ethics rules have failed to address corruption risks, but that this does not damage the image of the EU as a whole.

Euronews

Seth Meyers on Elon Musk: ‘Is it possible for a genius to also be super dumb?’

Late-night hosts discuss backlash to Musk shredding the civil service and Trump’s tariff threat to European alcohol

The Guardian - US

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Huawei lobbyists banned from accessing European Parliament after bribery arrests

The European Parliament says he lobbyists working for Huawei have been suspended from entering its premises following the arrests of several people in a corruption probe linked to the European Parliament and the Chinese company

The Independent UK

How much corruption can MAGA stomach?

Autocracy? Oligarchy? Kakistocracy? No, Trump's Mad King behavior is a hallmark of patrimonialism

Salon

UK food and drink exports to EU down 34% since Brexit ‘due to red tape’

While whisky, chocolate and cheese remain popular with EU customers, there has been a sharp decline in food and drink traded with the bloc

The Independent UK

Europe is rapidly rearming. Will that leave neutral Ireland defenceless?

Debates about the ‘triple lock’ that underpins our neutrality miss the point. In a Trumpian world, Ireland must finally commit to its own security, says political scientist Brigid Laffan

The Guardian - UK

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UK hoping to work with China to counteract Trump’s climate-hostile policies

Ed Miliband visits Beijing as part of plan to create global axis working in favour of climate action

The Guardian - UK

Trump escalates trade tensions with 200 percent tariff on EU wine, champagne

US President Donald Trump has again turned to tariffs as a weapon in international trade disputes, this time threatening a hefty 200 percent levy on wine, champagne, and other alcoholic products from the European Union.

Radio France Internationale

Western Europe’s oldest human face discovered in Spain

The research team at the Atapuerca archaeological sites in Burgos, Spain, has just broken its own record by discovering, for the third time, the oldest human in Western Europe.

The Conversation

UniCredit Gets ECB Nod For Commerzbank Stake

Italian banking giant UniCredit said Friday it had secured approval from the European Central Bank to buy up to 29.9 percent of Commerzbank, opening the door to a possible takeover of its German rival.

International Business Times

EU parliament rocked by corruption investigation linked to China’s Huawei

Belgian authorities announce arrests of several people in connection with alleged bribery within the parliament.

Al Jazeera

Trump administration briefing: Judge reinstates some fired workers, more tariff threats on EU

Judge says it is a ‘lie’ that employees at federal agencies had performance issues; Trump mulls EU alcohol tariff – key US politics stories from Thursday at a glance

The Guardian - US

S&P 500 falls more than 10% below recent high as markets rattled by Trump

Key US stock index slides into correction territory as president’s trade wars cause Wall Street volatility

The Guardian - US

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Barchart

Tariff Worries Pressure Stocks

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -1.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.89%. March E-mini S&P futures (ESH25 ) are down -1.16%, and March E-mini Nasdaq futures...

Radio France Internationale

Belgian police raid several premises as part of major EU corruption probe

The authorities in Belgium have intensified their crackdown on corruption within European institutions, launching a series of raids in connection with political misconduct and lobbying groups.

Radio France Internationale

EU flags stronger partnership with South Africa with €4.7bn investment

European Commission President Ursula von der Leyen has announced a €4.7 billion investment package for South Africa, on her visit to the country for the EU-South Africa summit, with the country's President Ramaphosa welcoming consolidated cooperation.

Barchart

Tariff Worries Sink Stocks

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International Business Times

Trump Tariff Threat Leaves Sour Taste For European Drinks Producers

President Donald Trump's threat to impose a 200 percent tariff on many European Union alcohol imports, amid a spiralling trade war, will hit a market worth $10 billion to EU producers in 2023, according to World Trade Organisation figures.

The Independent UK

US wine shops and importers say Trump's threatened 200% tariff on European wines would kill demand

The U.S. is suddenly looking less bubbly for European wines

Barchart

Dollar Gains and Gold Posts a Record High on Tariff Anxiety

The dollar index (DXY00 ) Thursday rose by +0.19%. The dollar rose Thursday on a possible trade war escalation that would boost inflation and keep the Fed's policy restrictive. President Trump threatened to enact a 200% tariff on European wine, champagne, and other alcoholic beverages late Thursday if the EU...

Radio France Internationale

France leads Europe’s big five in pushing for stronger Ukraine defence

The defence ministers of Europe's five major powers—France, Germany, the United Kingdom, Poland, and Italy—convened in Paris and reached broad consensus on the necessity of strengthening Ukraine's long-term security by enhancing its armed forces. Meanwhile, Germany's Chancellor-elect, Friedrich Merz, is in discussions with MPs regarding a significant increase in defence…

Reason

Trump's Threatened 200 Percent Tariffs on European Booze Are His Least Sensible Trade Move Yet

It would make American consumers poorer and hurt American businesses without any promise of benefits.

The Guardian - UK

UK food and drink exports to the EU down 34% since Brexit

Food and Drink Federation say businesses are struggling to deal with added ‘complexity and bureaucracy’

Al Jazeera

Trump vows 200% retaliatory tariff on European wine and spirits

Warning comes after EU announced retaliatory tariffs on $28bn of US goods in response to US levies on steel, aluminium.

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