• Euro surge squeezes exporters as Q2 earnings loom

    The euro has surged 13% this year, unsettling exporters across Europe. A 10% euro rise can trim corporate profits by as much as 3%. Market watchers warn that further gains may prompt action from the ECB as earnings season begins.


  • EU imposes toughest Russia energy curbs yet

    The EU’s eighteenth sanctions package introduces a dynamic oil-price cap. The bloc’s latest measures target Russian oil revenue with a variable price ceiling, new import bans on third-country fuels, and an expanded blacklist of tankers and banks, as markets question the enforcement impact.


  • Germany blocks EU joint debt as budget fight erupts

    Berlin’s rejection of joint EU debt has deepened division. The German government ruled out new Eurobonds, intensifying the bloc’s budget standoff ahead of a potential US tariff shock.


  • Brussels’ €6.8 bn corporate levy faces political firestorm

    Brussels has proposed a new €6.8 billion corporate tax. Less than 48 hours later, political backlash from major EU economies and industry groups has left the levy — designed to help fund the bloc’s next long-term budget — with almost no chance of survival.


  • Brussels delays decision on X in digital services probe

    Brussels has postponed its landmark Digital Services Act probe. The decision delays a potential fine against X. Officials say the move aims to avoid inflaming tense trans-Atlantic trade talks, leaving open questions about enforcement credibility as the EU weighs its next steps.


  • ECB’s Nagel urges steady hand as tariff threat grows

    The European Central Bank faces new uncertainty over U.S. trade. Bundesbank President Joachim Nagel urged “politics with a steady hand” as Trump’s sweeping tariff threat disrupts policy plans. Officials will now rerun growth forecasts ahead of the 23–24 July ECB meeting, with no immediate rate move expected.


  • Enasarco’s €400m Mediobanca stake shifts MPS bid

    A €400 million pension-fund move may decide a major bank takeover. Italian pension fund Enasarco’s surprise stake in Mediobanca has become the likely swing vote in Banca Monte dei Paschi di Siena’s €13 billion hostile bid, drawing scrutiny over governance, political influence, and sector strategy.


  • Bulgaria cleared to join eurozone in January 2026

    EU ministers have approved Bulgaria’s accession to the eurozone. The country will become the 21st member on 1 January 2026. Bulgaria’s conversion rate is fixed, and dual pricing will start in August as the government aims to ease consumer transition and address inflation concerns.


  • Apple contests €500m EU fine for App Store

    Apple appeals a €500 million EU fine over App Store rules. The company argues the penalty exceeds legal requirements, claiming imposed business terms harm both developers and consumers. The case tests the EU’s Digital Markets Act against Silicon Valley’s operational norms.


  • Biosolutions could deliver €133bn boost for Europe by 2035

    A new study finds biosolutions could create 604,000 European jobs. The Amsterdam Data Collective report, commissioned by Novonesis, outlines how bio-based technologies could unlock €133 billion in value for the EU and UK by 2035, but warns that policy reform is critical for global competitiveness.