Germany leads efforts to loosen EU debt and deficit caps as it gears up to deploy €1tn
Central bank wants elected staff representatives to spend more time in their day jobs
Plus, Cannes opens under the cloud of US tariffs, and Romania likely to pick an ultranationalist president in run-off election
Removing inefficiencies at home is even more important in a trade war
Stefan Hoops says trade war has triggered long overdue spending push on the continent
Eurozone central banker warns splurge on defence spending and impact of tariffs risk feeding inflation
Latest measures to increase economic pressure on Moscow target five Azerbaijani oil executives
Pact lacks clarity in many crucial areas, say trade experts and industry bodies
White House and Downing Street celebrate tariff cuts but critics warn of a thin agreement that could face legal challenge
Bvlgari is bucking the gloom in much of the European luxury sector by investing in domestic manufacturing and training
Agreements with the US and India are imperfect, but better than nothing
Starmer’s choice undermines multilateralism and poses risks to the UK
Brussels also plans to target aircraft, bourbon and wine in latest retaliation proposals
Survey finds high tariffs hurting European businesses but also offering chance to win market share from US rivals
Inflationary pressures are beginning to wane. See how actions taken by your central bank affect you
Also in this newsletter: Ukrainian parliament to ratify minerals deal with the US
Country’s small and medium-sized businesses are pivoting to defence amid European rearmament
International trade and American growth have bounced back from big setbacks before
Paris hopes Chancellor Friedrich Merz will bring new dynamism to European defence projects
Prime Minister Donald Tusk calls reduction in borrowing costs ‘better late than never’
Measures would take effect if insufficient progress is made to reduce US levies
Surge in the single currency against the dollar this year is becoming a concern for exporters
London to offer concessions on digital services tax in deal that could be agreed this week
Bloc’s latest package of measures targets more than 20 businesses it accuses of helping Moscow evade restrictions
Asymmetry in trade relationship suggests Trump has the upper hand in negotiations
