Ursula von der Leyen calls for suspension of EU free trade deal with Israel
European Commission president Ursula von der Leyen has called for the suspension of the EU’s free trade agreement with Israel, while acknowledging Europe’s inability to halt the worsening humanitarian crisis in Gaza.
Donald Tusk urges banks to accept higher taxes to fund the military
Polish Prime Minister Donald Tusk has called on banks to accept higher corporate taxes in order to drastically increase the country’s defence budget.
India disputes Trump’s claim on Russian oil purchases
A senior Indian official has said that Donald Trump’s statement regarding India ending its purchase of Russian oil is inaccurate.
Trump’s tariffs: Inflation rises in the United States in August
Inflation in the United States surged in August as companies passed on the customs duties imposed by the Donald Trump administration to the prices of goods and services.
OpenAI hits $500 billion valuation
OpenAI has finalised a deal that now values the company at $500 billion, overtaking SpaceX.
EU aims to dismantle Russia’s shadow fleet
The European Union is seeking greater powers that would allow it to board vessels belonging to Russia’s so-called shadow fleet.
France’s credit rating downgraded amid political crisis
Fitch Ratings downgraded France’s credit rating on Friday, as French president Emmanuel Macron appointed a new prime minister amid ongoing political and economic turmoil.
EU to halve steel import quotas
The European Union will introduce measures that will cut steel import quotas by almost half, Commissioner for Prosperity and Industrial Strategy Stéphane Séjourné announced.
Chinese economy slows amid Trump’s tariffs
China’s economy slowed last month due to the impact of the trade war imposed on Beijing by US president Donald Trump, as both household spending and production declined during this period.
Ryanair boss warns 100,000 passengers could face flight cancellations next week
Ryanair’s chief executive has warned that 100,000 passengers may see their flights cancelled next week due to strikes planned by air traffic control unions.
Denmark pledges €210 million to support Greenland
Denmark announced on Tuesday a plan to boost funding for Greenland, allocating €210 million for investments in infrastructure and healthcare services.
US Treasury considers creating a $1 coin featuring Trump
To mark the 250th anniversary of US independence, the US Treasury is considering issuing a special $1 coin bearing Donald Trump’s likeness
UK inflation remains steady at 3.8% in August as food prices surge
Office for National Statistics (ONS) figures released on Wednesday show that inflation in the United Kingdom held steady at 3.8% in August, despite sharp increases in food and fuel prices.
EU urges Belgium to allow use of frozen Russian assets
The European Union is pressuring Belgium to allow the use of frozen Russian assets as a form of "reparation loan" for Ukraine.
Bernard Arnault warns new wealth tax in France could wreck the economy
Bernard Arnault, Europe’s richest man and chief executive of luxury group LVMH, has warned that a new wealth tax would cost him more than €1 billion in France.