Europe

Trump orders halt to U.S. trade with Spain over NATO spending dispute

The U.S. president criticized Madrid’s refusal to meet the alliance’s new spending target 

Eurozone inflation drops to 2.8 percent in June as energy, services pressures ease

Fresh Eurostat data suggests price pressures in the euro area are becoming less intense 

EU and China launch trade talks to rebalance market access, trade and investment 

China's trade surplus with the EU hit $411.95 billion in 2025, a 15 percent increase over 2024

EU approves tariff cuts on U.S. goods under Trump trade deal agreement

The move fulfills the EU’s obligations under a trade deal and helps avoid renewed tariff tensions 

European Parliament advances digital euro plan as EU moves closer to central bank digital currency

Proposed central bank digital currency would complement cash and strengthen payment sovereignty

ECB keeps cautious stance as Lagarde signals limited room for more rate hikes

Policymakers remain focused on inflation while supporting economic growth 

Europe’s climate damage costs hit $941.7 billion as fiscal risks grow

A new report highlights the rising economic burden of extreme weather across the EU 

U.K. interest rates stay at 3.75 percent as Bank of England warns over energy price uncertainty

The central bank warned that geopolitical tensions are clouding the inflation outlook 

Eurozone’s inflation rises to 3.2 percent in May as services keep price pressures elevated

Eurostat data showed inflation accelerated across both the euro area and the European Union

U.K. GDP shrinks 0.1 percent in April as services drive decline, inflation eases to 2.8 percent

Mixed signals from inflation and GDP leave policymakers balancing stability and weak momentum 

May 2026 ranks second-warmest globally as rapid heatwaves, extreme weather cause disruptions 

Europe transitions rapidly from below-average baseline temperatures to intense early-season heatwaves 

EU hits key labor, education targets but struggles to halt sharp environmental decline

Findings indicate little to no progress was made regarding the goal of international partnerships

ECB Lagarde rejects eurozone stagflation fears despite rising growth, inflation risks

Baseline forecasts 0.9 percent 2026 expansion rates steady amid oil shock divergence

Eurozone inflation hits 3 percent in April on energy surge amid Q1 GDP growth of 0.1 percent 

Energy prices spiked 10.9 percent amid SoH blockade fueling stagflation fears 

OECD cuts Eurozone growth forecast to 0.8 percent, lifts inflation outlook to 2.6 percent amid rising energy costs

Organization says higher energy prices will reduce demand offset investment technology, lower effective rates

ECB President Lagarde signals potential rate hikes to counter energy shock

Lagarde stated that a moderate overshoot of the inflation target could justify measured tightening 

EU awards $3.1 billion to 54 net-zero projects to avoid 210 million tonnes of COâ‚‚

Projects span 17 countries and 17 sectors reflecting diverse pipeline of scalable clean technologies

Eurozone output growth slows in March as input cost inflation accelerates: PMI

Manufacturing production increased modestly, and at a pace that was only slightly slower than that seen in February

EU and Australia reach trade deal to eliminate up to 99 percent of tariffs, secure critical mineral supplies

Deal grants EU enhanced access to Australian critical minerals like lithium manganese and aluminum