Business
Here's how much idle savings are costing Europeans every year
Europeans are losing an average of €294 in purchasing power for every €10,000 they keep in the bank, according to a study from Revolut, which found €6.3 trillion sitting in low-yield deposits across 20 EU countries at a moment when Brussels is trying to push that money into capital markets.
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Europe News
Von der Leyen turns up pressure on China over trade deficit
The European Commission's president said that the EU’s trade relationship with China had to be rebalanced, and pointed out that the bloc's trade defence investigations into Chinese products had ramped up significantly in recent years.
Europe News
EU to release €1.4bn from Russian asset profits to Ukraine
European Commission President Ursula von der Leyen announced that €1.4 billion in profits from immobilised Russian assets will be allocated after Russia’s deadly strikes on Kyiv. Most of the funds will be used to repay G7 and EU loans while €70 million will be directed toward military assistance.
Europe News
How the EU's maritime services ban ended in limbo
Earlier this year, European Commission President Ursula von der Leyen proposed a full ban on maritime services for Russian oil tankers. But an extraordinary combination of factors has plunged the sanction into political limbo. Here's how the plan went awry.
Europe News
Vast majority of illegal entries in Ceuta returned to Morocco, EU says
After around 60,000 irregular migrants entered the Ceuta Spanish enclave in North Africa, European Commission President Ursula von der Leyen said this Saturday that "the vast majority of those who arrived illegally have returned to Morocco."
Europe Today
Drones, military gains and a contentious reshuffle
Hello, readers. I’m Mared Gwyn. In this morning's newsletter: the EU’s defence chief tells Euronews Ukraine’s military successes could force Putin to the negotiating table, and why President Zelenskyy’s government reshuffle is raising eyebrows.
Europe Today
Middle East tensions rise as Europe deepens support for Ukraine
US strikes on Iran escalate tensions in the Middle East as fears grow over the Strait of Hormuz and global energy markets. In Kyiv, the EU and Ukraine deepen defence cooperation with a new drone partnership, while Europe debates its role in supporting Ukraine’s war effort.
