Merz warns of ‘dramatic’ impact of US tariffs on German economy

The European Union is open to discussing import tariffs with the Trump administration, with European Commission president Ursula von der Leyen stating that Brussels is prepared to implement countermeasures if needed. Short-dated yields in the Euro-area dropped to a two-and-a-half-year low amid concerns over the economic impact of US tariffs, prompting a sell-off in stocks and increased speculation of European Central Bank rate cuts. European markets suffered losses as President Trump suggested that tough measures...

Andrew Bailey has been chosen as the next chair of the Financial Stability Board, taking on the role alongside his position as Bank of England governor. The FSB, established in 2009, aims to coordinate policies among global regulators to prevent financial crises, focusing on areas such as crypto assets, hedge funds, and climate change. Bailey, set to start on July 1, will lead efforts to address challenges in the financial system and strengthen international cooperation...

Scientists in 14 studies found "alarming" levels of microplastic in major rivers across Europe, with an average of three microplastics per cubic meter of water observed. Despite not reaching the levels of the world's most polluted rivers, the invisible microplastics pose a significant threat to aquatic life. The research calls for a reduction in plastic production to address the widespread pollution issue. Full Article

The EU will remove bourbon from its list of retaliatory tariffs against the US following lobbying from France, Italy, and Ireland to protect their alcohol industries from the trade war. US President Donald Trump had threatened tariffs on EU wine and spirits, leading to fears of economic damage in Europe. The European drinks industry, particularly France, faces significant export losses, prompting debates among European governments on how to support affected industries. Full Article

Rainbow-hued fruits and vegetables are essential for optimal health, providing a wide range of vitamins, minerals, and antioxidants that support bodily functions and fight disease. By incorporating a variety of colorful produce into their diets, individuals can boost their immune systems, reduce the risk of chronic illnesses, and improve overall well-being. Each color represents different nutrients that are crucial for maintaining vitality and defending against illness, making vibrant produce a key player in a healthy...

This article discusses a proposal by Bruegel to create a European Defence Mechanism for joint weapons purchases and ownership of strategic assets, aiming to increase efficiency and save costs. The EU faces divisions on how to respond to US tariffs, with France and Germany pushing for a strong retaliation, while Italy, Greece, Romania, and Hungary prefer a more cautious approach. Italy's stance is crucial in determining the EU's united message on trade policy. Full Article