Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

The UK faces significant limitations in retaliating against Donald Trump's tariffs due to its economic dependence on the US, which constitutes a major market for American exports. While Prime Minister Sir Keir Starmer seeks a trade deal with the US, economists urge caution against imposing reciprocal tariffs, as this could exacerbate the cost of living crisis and would unlikely compel Trump to relent. The UK must consider strategic alternatives, including coordinating with the EU, as...

The European Commission is set to require EU companies to disclose their Russian gas contracts, including details on volume and duration, as part of a strategy to reduce dependence on Russian fuel imports by 2027. This initiative aims to provide governments with essential data for implementing effective measures and preparing alternative energy supplies, alongside proposals to ban spot market contracts by the end of the year and long-term contracts by 2027. Additionally, the Commission will...

This article discusses the European Commission's upcoming proposal to facilitate UK professionals working in the EU post-Brexit. It highlights Dan Jørgensen's efforts as the EU energy commissioner to eliminate Russian fossil fuel imports by 2027, which he acknowledges as a complex and pivotal task. Additionally, it mentions the progress on the EU's new electronic border system, which requires final approvals from Germany, France, and the Netherlands to be phased in later this year, indicating a...

European and UK companies are disclosing the adverse effects of the US trade war, highlighting diminished consumer confidence, supply chain threats, and tariff uncertainty. Major firms like Nestlé, Unilever, and Mercedes-Benz have reported challenges since President Trump's tariff announcements, with a significant rise in tariff mentions during earnings calls. Executives emphasize the need for clarity on trade policies to enable strategic planning, while ongoing negotiations between the EU and US remain stagnant, leaving many companies...

SummaryBrussels has proposed legislation to facilitate the recognition of UK professional qualifications in the EU, addressing a key demand from London and aiming to improve post-Brexit relations. The plan is part of a new EU single market strategy and is expected to benefit various UK professionals, who will still need visas to work in EU member states. UK Chancellor Rachel Reeves emphasizes the importance of rebuilding trading relationships with Europe to boost economic growth, while...

The European Commission will require EU companies to end all energy contracts with Russia by 2027, a move aimed at reducing dependency on Russian fossil fuels following the invasion of Ukraine. The plan mandates the termination of spot market gas contracts by the end of 2023 and all long-term contracts by 2027, while facing opposition from Hungary and Slovakia who argue that sanctions would raise energy prices. Additionally, the proposal seeks greater oversight of commercial...