UK drops objection to ICC arrest warrant for Netanyahu – POLITICO

German minister has criticized suggestions that the country might cede territory, labeling such ideas as 'akin to capitulation.' In a positive development for Ukraine, the conservative CDU announced that Johann Wadephul, a seasoned pro-Ukraine politician and close ally of incoming chancellor Friedrich Merz, will serve as Germany's next foreign minister. Wadephul, 62, is recognized for advocating increased military support for Ukraine and has been a significant adviser on foreign policy matters. Full Article

Germany’s ambassador to the UK, Miguel Berger, expressed optimism about the upcoming EU-UK summit on May 19, viewing it as a potential starting point for improved relations and future discussions on revising Boris Johnson's Trade and Cooperation Agreement (TCA) in 2026. The summit aims to establish a new defence and security pact and address various reforms, including youth mobility and energy cooperation, though challenges remain due to Prime Minister Keir Starmer’s red lines against returning...

Europe's increased defense spending, driven by concerns over US support, is creating lucrative opportunities for Irish tech companies specializing in radar, AI, and surveillance. Despite its military neutrality and the smallest EU defense budget, Ireland is witnessing a surge in interest from its tech sector, with firms like Ubotica and Provizio exploring defense applications for their technologies. The government, facing criticism for its defense spending, is encouraged to enhance capabilities in cybersecurity and dual-use technologies,...

This article discusses significant issues affecting Europe, including Hungarian Prime Minister Viktor Orbán's alleged €1bn in unlawful media subsidies, raising concerns about his authoritarian grip. It also highlights challenges faced by major EU gas importers due to new methane emissions rules that complicate contract negotiations, risking energy security while the EU seeks to reduce reliance on Russian fossil fuels. Furthermore, the European Court of Auditors critiques the EU's industrial policy, noting scattered funding and unclear...

Germany's new government is under pressure to restructure its electricity market, as neighboring countries like Sweden and Belgium argue that splitting the large market into zones could lower prices. Despite a report from EU grid operators recommending a division to enhance efficiency, German industry opposes changes, fearing increased costs in the industrial south. While early coalition drafts showed openness to reconfiguration, the final agreement maintained the current market structure, reflecting the complex balance of interests...

SummaryForeign manufacturers in China face severe tariffs of 125% on component imports and 145% on exports to the US, significantly impacting operations amid the trade war initiated by Donald Trump. These companies, which account for nearly one-third of China’s trade, are squeezed by both Chinese and US tariffs, with implications for their profitability and competitiveness. While some larger firms may receive temporary exemptions, smaller producers struggle under the weight of double tariffs, prompting concerns about...