Malta’s ‘golden passport’ scheme ruled to be illegal by EU’s top court

The EU, now the world's largest trading bloc, faces challenges as trade dynamics shift under US influence, particularly during Trump’s presidency, which has seen the imposition of significant tariffs. European Commission President Ursula von der Leyen is navigating negotiations with the US while also fostering trade relationships with countries like Brazil, Mexico, and India to mitigate dependency and internal market barriers. Despite having the largest network of trade agreements, the EU struggles with internal opposition...

Germany is experiencing a surge in economic optimism, with a consumer survey indicating the highest confidence levels since last August, and companies like Deutsche Bank and Lufthansa maintaining positive outlooks despite global uncertainties. The DAX has risen over 12% this year, aided by a government plan to increase spending, yet the IMF forecasts minimal growth. While key sectors show improving activity, they remain in contraction; nevertheless, the alignment of Germany's economy and corporations, coupled with...

The EU has imposed fines of hundreds of millions on Apple and Meta, while the US takes a more stringent approach towards big tech. Elon Musk is stepping back from his role in Doge as Tesla reports a 71% drop in profits, and his xAI faces pollution accusations linked to a supercomputer in Memphis. Meanwhile, Ofcom introduces new online safety measures for children, and Apple plans to shift iPhone production from China to India, with...

SummaryProfits at Porsche and Volvo Cars plummeted in Q1 due to the impact of US tariffs, with Volvo reporting a 59% drop in operating profits and withdrawing its guidance for the next two years, while Porsche's profits fell 40% amid rising costs and declining deliveries. Both companies are implementing cost-cutting measures, with Volvo launching an SKr18bn program and Porsche reducing production expansion plans. Uncertainty around trade policies continues to challenge profitability, as Porsche revised its...

The article discusses the shifting dynamics of the transatlantic relationship following the recent funeral of a pope, highlighting a brief interaction between U.S. President Trump and European Commission President Ursula von der Leyen as emblematic of Europe's isolation. With increasing aggression from Russia and an unpredictable U.S. stance, Europe faces challenges in maintaining territorial integrity and democratic norms. However, the article notes that Europe is also expanding its influence, with new NATO members and diplomatic...

In his first 100 days, Donald Trump's foreign policy has significantly altered global dynamics, impacting longstanding alliances and international relations. He has cut off aid to Ukraine amid its conflict with Russia, brokered and then failed to maintain a ceasefire in Gaza, and launched military strikes in Yemen, leading to perceptions of the US as an "unpredictable ally." These actions have emboldened rivals and strained relationships with key allies, marking a dramatic shift in US...