Strengthening EU defence won’t undermine the transatlantic alliance

Germany aims to prioritize defense spending in the upcoming EU budget while opposing increases to national contributions, as outlined in a position paper. The country advocates for funding joint procurement for arms, calls for reduced administrative costs to shift resources towards innovation, and emphasizes the need for fair burden sharing, while maintaining support for core programs like the Common Agricultural Policy and cohesion funding. More Context

Europe faces a new crisis as Israel conducts air strikes on Iranian military sites, aiming to halt its nuclear program. Meanwhile, the EU's competition arm is resisting calls to subsidize clean energy tech, as tensions rise within the Schengen area, now facing renewed border checks, prompting EU justice ministers to advocate for preserving free movement and addressing internal security concerns. More Context

The European Commission is resisting calls to exempt clean energy technology producers from strict state-aid rules, creating tension between officials focused on competition and those advocating for industry support amid global competition. While some EU lawmakers and industry leaders push for production subsidies to bolster the bloc's manufacturing capabilities, Competition Commissioner Teresa Ribera argues such measures could undermine competitive incentives and be deemed protectionist. More Context

The UK has reached an agreement with Spain to allow Spanish customs to check goods entering Gibraltar, facilitating the removal of border controls for people traveling between the two territories. The deal includes raising Gibraltar's sales tax to align with Spain's VAT, permitting certain exemptions for specific goods, and is seen as crucial for improving UK-EU relations post-Brexit. More Context

Donald Trump is set to finalize a US-UK trade deal that will lower tariffs on British car exports in exchange for increased access for US beef and ethanol, following an agreement made with Sir Keir Starmer. While UK officials expect the deal to be signed soon, there are ongoing negotiations regarding zero-tariff access for UK steelmakers, amid concerns from the bioethanol industry about competition from US imports. More Context

The EU is targeting two Chinese banks for facilitating illegal trade with Russia as part of new sanctions, marking a significant step against third-country lenders. Meanwhile, the UK has reached a deal with Spain to allow free movement between Gibraltar and Spain, resolving a long-standing issue post-Brexit, while Italy faces pressure to increase military spending ahead of a NATO summit. More Context