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The Latest Breaking News from European Union

Mercedes-Benz Welcomes EU-US Deal After Profits Plunge On Tariff Woes

A new trade deal struck between the United States and European Union is good news despite fears it is unbalanced, Mercedes-Benz said Wednesday after the German carmaker reported a tariff hit of hundreds of millions of euros in the second quarter.

International Business Times

Google will sign up to EU’s AI Code despite concerns

Meta is so far the only US tech giant that has said it will not sign up to the voluntary rules.

Euronews

EU to start rolling out biometrics entry system for non-EU visitors from October – as it happened

EU entry exit system, involving fingerprinting and facial recognition, being introduced from 12 October for non-EU citizens

The Guardian - UK

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Aclaris Therapeutics Stock Spikes In After‑Hours Session Following Major Announcement

Following the announcement of positive top-line results from its open-label Phase 2a trial, the stock of Aclaris Therapeutics Inc (NASDAQ:ACRS) has seen a 21.94% rise in after-hours trading on Tuesday.

Benzinga

EU’s controversial trade truce with Trump faces mounting backlash

Reaction has been pouring in to the newly struck EU-US trade deal, with the EU facing growing criticism over a compromise many see as a strategic misstep under pressure from Washington.

Radio France Internationale

Business news live: FTSE 100 reaction as HSBC sees profits drop, Nationwide launches benefits line

Stock market news and latest business and finance updates from Wednesday

The Independent UK

European stockpile of USAID-funded contraceptives faces destruction

Contraceptives valued at $10 million stored in Europe face destruction following the closure of a key American aid agency, amid backlash from global health groups calling for redistribution.

Euronews

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EU fails to agree Israeli suspension from research fund over Gaza

EU member states could not rally the support necessary to suspend Israel from the Horizon Europe fund in response to the war in Gaza. The proposal needed a qualified majority of member states to pass it. But two of the largest countries - Germany and Italy - said they need…

Euronews

Trump Calls It 'The Biggest Deal Ever,' But Critics Are Pointing Out 'Nothing's Been Signed' With The EU — Did The President Score A 'Lowercase Win?'

President Donald Trump on Sunday touted a new trade agreement with the European Union as “the biggest deal ever reached in any capacity,” but critics, however, are questioning the substance behind the headlines.

Benzinga

An effigy of refugees, burned by a crowd: this is where Europe’s brutal fantasy of border control has led us

The shocking scene in Northern Ireland is the result of a decade spent militarising Europe’s fringes – and dismissing the human cost, says migration and border researcher Maurice Stierl

The Guardian - UK

‘An accomplice’: Germany with history textbooks full of regrets is now blocking justice for Gaza

Wrong side of fascism, now wrong side of Gaza justice.

We Got This Covered

Dollar Gains on Euro Weakness Over EU-US Tariff Deal

The dollar index (DXY00 ) on Tuesday rose by +0.22% and posted a 5-week high. The dollar has carryover support from Monday following the EU-US trade deal that is seen as favoring the US. Also, expectations for the Fed to keep interest rates unchanged at the end of Wednesday's 2-day...

Barchart

US Says Trump Has 'Final Call' On China Trade Truce

China and the United States agreed Tuesday to hold further talks on extending their tariff truce, but a top US trade official stressed that President Donald Trump would make any "final call."

International Business Times

US and China poised to extend tariff truce after failing to find resolution at talks

Trump will need to approve pause, say US representatives after negotiations end with sides failing to break deadlock on trade terms

The Guardian - UK

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International Business Times

Trump Opens Scottish Golf Course And Vows 'Peaceful World'

Donald Trump officially opened his new golf course in Scotland on Tuesday, ending a five-day trip during which the US president signed a major trade deal with the EU and gave Russia less than two weeks to end the Ukraine war.

Euronews

European automotive giant Stellantis faces €1.5 billion hit from US tariffs this year

Stellantis is bracing for €1.5 billion in losses due to US tariffs this year, placed both on cars and car parts.

The Guardian - UK

Tate director blames Brexit and Covid for slump in visitors

Maria Balshaw says upheaval has kept young Europeans away from London sites, contributing to a 27% attendance drop since 2019

TechRadar

After the UK, online age verification is landing in the EU

Five EU countries are set to test an age verification app to protect children, despite privacy and security concerns.

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Euronews

German politicians furious at von der Leyen over new EU-US trade deal

German businesses and politicians are shocked by the customs deal that EU executive chief Ursula von der Leyen negotiated with the US president, seen as potentially damaging to Germany's economy.

The Independent UK

This European country now offers both mothers and fathers 17 weeks parental leave

Spain now has one of the most generous parental allowances in Europe

Euronews

The battle over the EU's €2 trillion budget has begun

The European Commission has proposed a €2 trillion long-term budget which would controversially merge agricultural and cohesion funds. Commission President Ursula von der Leyen defended the move as effective, but critics have warned it could undermine rural and regional development.

Fortune

Don't let EU, Japan deals lull you into a sense of security, says Trump's former commerce secretary—a trade war with China may still be in the cards

"We're in much better shape because it's now clear that if there's gonna be a real trade war with anyone, it would just be with China," Secretary Ross tells Fortune.

Benzinga

Merck CEO Sees Minimal EU Tariffs Impact, Warns Of Gardasil Challenges

Merck Co. Inc. (NYSE:MRK) shares fell over 6% in early trading Tuesday after the pharmaceutical giant reported a mixed second-quarter earnings picture, with adjusted earnings surpassing analyst consensus but overall sales experiencing a slight year-over-year decline and missing revenue expectations.

International Business Times

Netherlands Bars Two Hardline Israeli Ministers

The Netherlands has declared Israel's finance and national security ministers persona non grata for inciting violence and urging ethnic cleansing in Gaza.

Tom’s Hardware

EU plans $30 billion investment in gigawatt AI data centers — multiple sites to host 100,000 AI GPUs each as bloc plays catch-up to US and China

The European Union is launching a $30 billion initiative to build a network of gigawatt-class AI data centers across 16 member states in a bid to catch up with the U.S. and China, though concerns remain over power supply, unclear specifications, and long-term business viability.

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