Financial Services
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European leaders want to turn screws on Putin after delayed Turkey talksÂ

US investors started snubbing Europe before Trump’s tariffs, study shows

Hungary stands to lose more EU funds under possible budget rule changes

Commission floats digital levy to repay post-Covid debt

Violent crypto kidnapping cases prompt French interior minister to call emergency meeting

Global trade rules must evolve to tackle persistent imbalances, says Bank of England boss
‘Pfizergate’ verdict: EU Commission wrong to block access to von der Leyen’s secret texts
General Court judgment could have huge repercussions for Commission president. It’s a “slam dunk” for transparency, says MEP.
Macron: EU readying new Russia sanctions ‘in coming days’
The president addressed numerous issues, including questions about France’s country’s nuclear arsenal, in a TV interview on Tuesday.
EU farm boss tries to lock in wins ahead of difficult budget talks
European lawmakers and environmentalists also warn that slashing red tape might do more harm than good to farmers having to cope with climate change.
EU should open door to US on defense despite Trump, says Lithuanian minister
Severing ties with Washington would cause trouble for Russia’s EU neighbors, Finance Minister Rimantas Å adžius said.
UK wants more say over fate of €200B in frozen Russian assets
The Brits believe transferring the assets into a special fund would be a step toward outright seizure.
US and China slash tariffs as trade war cools
Donald Trump’s team cuts tariffs to 30 percent, while China slashes its levies to 10 percent. Now they have 90 days to do a deal.
European leaders win Trump’s support to pressure Putin on unconditional ceasefire
French President Emmanuel Macron called the U.S. president on his mobile phone to brief him on the discussions in Kyiv.
How Macron is playing hardball as Starmer strives for EU reset
While the French and the British have been working hand-in-hand on Ukraine, behind the scenes things haven’t been so harmonious.
Klingbeil, Pistorius, Bas … German Social Democrats reveal ministers for Merz Cabinet
Germany’s junior coalition partner hands key ministries to familiar faces — and springs a few surprises.
French PM considering referendum on budget plans
“The question is serious enough, with far-reaching consequences for the country’s future, that it should be put directly to the people,” Bayrou tells Journal du Dimanche.
Global financial rule-makers risk losing relevance if Trump pulls back entirely
Without the firepower of the U.S., global regulators would be hamstrung in their efforts to contain a future financial crisis.
16 countries to ask EU for fiscal leeway to spend big on defense
Germany is the only one of Europe’s big five economies to take up the EU executives offer.
Germany’s center-left leader will be finance minister in the Merz government
SPD chief Lars Klingbeil steps into Germany’s most powerful ministry as his party joins a conservative-led coalition.
Eurozone economy grows faster than expected in rush to get ahead of Trump tariffs
Spain was easily the top performing major economy in the eurozone.
Mediobanca rebels at Rome’s efforts to force it into a shotgun marriage
Counter-attack by Milan-based bank deals blow to plans for a ‘third pole’ in Italian banking.
Power cut leaves card users in the lurch in Spain, Portugal
Despite the dash for cash, Spain’s core settlement infrastructure continues to operate normally, says the Bank of Spain.
Germany triggers EU’s emergency clause for defense spending
Acting Finance Minister Jörg Kukies also pushes for wider definition of security investment.
Merz announces first German Cabinet choices
Germany’s chancellor-in-waiting hands key ministries to CDU veterans and business figures, setting the tone for a more conservative, security-focused government.
Battle over top Italian insurer Generali pits oligarchs against Milan elite
A fight for control over a vast chunk of Italy’s debt pile tests Rome’s influence and could reshape the Italian financial system.
EU governments consider appeasing Trump on global minimum tax
Capitals fear retaliation from the U.S. and are considering changing the rules to grant American companies an exemption from a crucial provision of the global tax deal.
Italy harbors doubts about hitting 2 percent NATO target
Rome outwardly says it can easily reach politically unpopular defense spending targets without cutting vital services.
Europe’s debt set to surge again in new era of uncertainty, IMF warns
But the Fund gives its implicit backing to Chancellor Rachel Reeves’ plans to stabilize U.K. public finances.
Trump: ‘No intention’ of trying to fire Fed’s Powell
Trump has repeatedly called on the Fed to cut borrowing costs, which would help boost the economy ahead of a potential hit to growth from tariffs.
Hermès to open new French factory as rival LVMH threatens Trump-inspired US move
The Birkin bag-maker doesn’t seem as put off by the threat of U.S. tariffs as its chief rival does.