Among the most contentious initiatives is introducing EU supervision of “the most systemic, relevant, cross-border financial market infrastructures” amid firm resistance from a group of small countries, led by Ireland and Luxembourg, which rely on their outsized finance sectors and are reluctant to cede control to the EU level. EU leaders are set to discuss […]
Continue ReadingAfter Musk’s comments about violence, Labour backbencher Clive Lewis said in September: “Elon Musk shouldn’t be allowed anywhere near our critical infrastructure.” The news comes at it a critical time for the domestic retail market, with industry warnings that customer debts have hit £5.5 billion. Disruption of key trade routes in the Gulf has pushed up wholesale gas and oil prices […]
Continue Reading“We cannot confirm the exact date for this yet,” Gill told POLITICO. It is however likely that this exchange of notes will still take place in March — allowing the EU and Mercosur to remove tariffs on a series of goods as of May. Commission President Ursula von der Leyen announced at the end of […]
Continue ReadingThe release of the Mandelson files, war in the Middle East and a fresh cost-of-living crisis are all causing turmoil for the prime minister – but strangely, are they also doing him a favour? The fallout from the first details of Peter Mandelson’s departure from Washington have already exposed the cracks between Sir Keir Starmer […]
Continue ReadingUkrainian President Volodymyr Zelenskyy is urging Europe to find a way around Hungary. In an interview with POLITICO’s Gordon Repinski, Zelenskyy called on EU leaders to come up with a “Plan B” to secure Ukraine’s long-term funding — and to work around what he described as the “blackmail” of Hungarian Prime Minister Viktor Orbán, who […]
Continue ReadingAnd, Díaz added, Brussels should be pushing back hard against the “completely illegitimate” war in Iran, which the U.S. and Israel launched late last month, sparking turmoil in the Middle East as Tehran retaliated with missile and drone attacks across the region. Díaz took aim at European Commission President Ursula von der Leyen for not […]
Continue ReadingSpanish Prime Minister Pedro Sánchez on Wednesday unveiled a new government AI tool that will rank social media sites based on how much hate speech they host. “If hate is already dangerous, social networks have turned it into a weapon of mass polarization that ends up seeping into everyday life,” Sánchez said at an International […]
Continue ReadingAsian members — hit hardest thanks to their heavy exposure to the Persian Gulf — and the U.S. are also strongly supportive of tapping the reserves, according to two European officials familiar with the matter. French President Emmanuel has convened a virtual meeting of G7 leaders at 3 p.m., which is expected to address the release […]
Continue Reading“For Europe, diesel and jet fuel are likely to become major issues in the next couple of months,” Wright said. “There is simply no alternative route for much of that supply.” Major container carriers including Maersk, MSC, Hapag-Lloyd and CMA CGM have already halted transits through the strait, rerouting vessels or sending them to safe […]
Continue ReadingUkraine is running out of money to fight Russia — but Hungary still isn’t budging on its opposition to the EU’s €90 billion loan to Kyiv. On today’s episode, host Zoya Sheftalovich and Kathryn Carlson, senior finance reporter, outline some of the contingency plans European countries have up their sleeves to get Ukraine the funding […]
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