TRUMP EU MEETING
UK sets out new cryptoasset rules to boost investor confidence
Britain will introduce new rules to regulate cryptoassets like Bitcoin and Ethereum, aiming to boost investor confidence and curb misuse. The finance ministry said crypto exchanges and dealers will fall under regulatory oversight to crack down on bad actors while encouraging responsible innovation in the growing digital asset space.
Spain, Portugal power outage caused by 'rare' atmospheric phenomenon, Madrid matches suspended: 10 points
A nationwide power outage hit Spain and Portugal on Monday, leaving millions without electricity. The power outage has bought the countries to a halt, disrupting transport and forcing people to come out on streets. Three Madrid open matches have been suspended and The Spanish Parliament has been shut. Spanish citizens have been asked not to dial 112 unless in a genuine emergency to avoid overloading the lines.
Indian, UK trade ministers meet to push for deal under added pressure from Trump
British and Indian trade ministers began two days of talks to finalise a long-delayed trade pact, driven by urgency from US tariffs. Negotiations focus on tariffs, regulations, and worker provisions, with leaders aiming to conclude after over three years.
Von der Leyen, Trump agree to meet: EU spokesperson
Amid strained ties with the European Union, US President Donald Trump and European Commission President Ursula von der Leyen agreed to meet again after a brief conversation at Pope Francis's funeral at the Vatican, an EU spokesperson said on Saturday.
China's data protection rules prompt pause from major European research funders
European science funders have paused joint research with China over its vague Data Security Law, which restricts sharing “important data” abroad. The suspension impacts collaborations on health and environmental topics, highlighting growing global concerns about data access and legal risks in Chinese international scientific partnerships.
Policymakers are achieving the art of the impossible, IMF chief says
IMF Managing Director Kristalina Georgieva lauded Germany, Britain, and Argentina for their significant policy shifts, calling it a "new era" for the global economy. Germany's fiscal expansion is expected to positively impact Europe. Britain's efforts to boost its economy and trade ties with the EU were also praised.
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Officials try to get Ukraine peace talks back on track after Rubio no show
Efforts to revive Ukraine peace talks face hurdles as U.S. proposals, presented by envoy Steve Witkoff, demand more concessions from Kyiv than Moscow, causing friction with European allies. Despite U.S. pressure for a deal, Ukraine refuses territorial concessions before a full ceasefire.
European Union fines Apple 500 million and Meta 200 million in separate digital cases
The commission, which is the EU's executive arm, also fined Meta Platforms 200 million euros because it forced Facebook and Instagram users to choose between seeing personalised ads or paying to avoid them.
EU explores tweaking methane rules for US gas to help trade talks, sources say
To avert a trade war with the U.S., the EU is exploring ways to ease methane emission rules for U.S. gas exports. The European Commission is considering flexibilities in applying EU methane regulations, potentially allowing U.S. exporters to be deemed compliant. This move aims to facilitate trade negotiations and increase U.S.
Sitharaman to visit US for spring meetings of IMF and World Bank
Finance Minister Nirmala Sitharaman is set to visit the US to attend the IMF-World Bank Spring meetings and G20 FMCBG meetings. She will engage with global leaders amidst concerns over trade tensions and growth risks. Following the US visit, Sitharaman will travel to Peru to strengthen bilateral economic ties and meet with key government officials.
Italy agrees with US to oppose 'discriminatory' tech taxes
European levies aimed at hitting dominant U.S. tech giants such as Alphabet's Google, Meta's Facebook , Apple and Amazon have been a longstanding irritant for U.S. administrations, including Trump's. Italy applies a 3% levy on revenue from internet transactions for digital companies with sales of at least 750 million euros ($853.35 million), which is worth less than 500 million euros in revenue for the state each year.
Tariffs to go away? Trade deal with China going to happen soon, says Donald Trump; here's how Americans and the world can benefit
Donald Trump anticipates finalizing a trade agreement with China soon. He is also confident about reaching a trade deal with the European Union. Many countries are interested in negotiating trade agreements with the US. Giorgia Meloni supports the trade talks. Discussions with India are progressing rapidly. Trump dismisses concerns about allies moving towards China.
Trump floats US-Europe meeting as Vance visits Italy for 2nd day of talks on tariffs
U.S. Vice President JD Vance met with Italian Premier Giorgia Meloni in Rome to discuss tariffs, with a potential U.S.-Europe summit on the horizon during President Trump's upcoming visit to Italy. Meloni aims to bridge the gap between the Trump administration and Europe, despite differing views on Ukraine and trade.
Trump and Italy's Meloni talk up EU tariff deal hopes
Donald Trump and Giorgia Meloni hit an optimistic note about a possible US-EU tariffs deal Thursday as the far-right Italian prime minister mounted a charm offensive at the White House. Meloni is the first leader from Europe to visit the Republican since he slapped 20 percent tariffs on EU exports, which he has since suspended for 90 days.
Trump says he's in 'no rush' to end tariffs as he holds talks with Italy's Meloni
President Trump expressed patience regarding trade deals, citing tariff revenues, during a meeting with Italian Premier Meloni. Meloni, acting as a bridge between the EU and the U.S., aims to clarify Trump's goals amidst trade tensions. Discussions are expected to cover trade, defense spending, and the Ukraine war, with Italy's role in postwar reconstruction also on the agenda.
Trump says he's in 'no rush' to end tariffs as he meets with Italy's Meloni
President Trump asserted his stance on tariffs, viewing them as beneficial for the U.S. economy, despite concerns from global leaders like Italian Premier Giorgia Meloni. While suggesting potential trade agreements with the EU, Trump emphasized he is in "no rush," believing other countries desire deals more.
Hermès to hike U.S prices on iconic Birkin bags and more in response to Trump’s tariffs, leaving luxury shoppers fuming
Hermès, the luxury brand, is increasing prices in the United States. This decision follows President Trump's tariffs on European goods. The price increase aims to counter the impact of these tariffs. Birkin bags could cost significantly more. Weak US sales and trade tensions also contributed to this move. The company hopes to maintain revenue growth despite economic uncertainties.
Italy's Giorgia Meloni will test her mettle as EU-US bridge when she meets Trump in Washington
Italian Premier Giorgia Meloni is set to meet with President Donald Trump, becoming the first European leader to engage in face-to-face talks since tariff impositions. Meloni aims to bridge the gap between the EU and the U.S., addressing trade negotiations, Ukraine's reconstruction, and defense spending, while also focusing on Italy's strong economic ties with the United States.
Russia says certain countries trying to 'derail' its talks with US
Russia's top economic negotiator said Thursday that certain countries were trying to "derail" Moscow's talks with the United States, as the two sides work towards normalising ties. "There are a lot of people, structures, countries trying to derail our dialogue with the United States," Kirill Dmitriev, head of Russia's sovereign wealth fund, told reporters.
Three T’s, one tight deadline: Can India juggle them all before the clock runs out?
India faces critical deadlines on trade, tariffs, and technology amid complex US relations. A trade deal with the US is sought, balancing concessions on goods with access for Indian talent and tech. India aims for fair terms, leveraging its negotiating strength to integrate with developed economies while prioritizing inclusive, solutions-based AI development.
Marco Rubio, Steve Witkoff head to Paris for high-stakes Ukraine war talks
US Secretary of State Marco Rubio and special envoy Steve Witkoff is headed to Paris for key discussions with European leaders on ending the Russia-Ukraine war. The visit, which includes meetings with French President Emmanuel Macron and Foreign Minister Jean-No?l Barrot, also comes amid recent US-Iran nuclear talks and growing concerns over Trump's tariff threats. Despite a deadly missile strike in Ukraine, Washington says peace efforts are continuing. Trade and security issues are expected to dominate the agenda.
Russia yet to reach agreement with US on key issues on resolving Ukraine crisis: Sergey Lavrov
Amid ongoing conflict, Russian Foreign Minister Lavrov stated that negotiations with the US regarding the Ukraine crisis have stalled due to disagreements on key issues. He contrasted the Trump administration's approach, which he sees as seeking to understand the conflict's root causes, with the Biden administration's policies, which he criticized for weaponizing the financial system and ending globalization.
EU officials get spy-proof gear for US visits as Trump-era tensions heat up trasatlantic relations
The European Commission is now providing burner phones and basic laptops to senior officials visiting the U.S., mirroring precautions taken for trips to China and Ukraine. This unprecedented move reflects growing mistrust due to strained transatlantic relations and concerns about potential U.S. surveillance.
Trump considers pausing his auto tariffs as the world economy endures whiplash
President Donald Trump suggested he may temporarily exempt the auto industry from the 25% tariffs he imposed in March, allowing carmakers time to relocate supply chains from countries like Canada and Mexico. Industry leaders support increased U.S. production but warn that supply transitions take time and that blanket tariffs could hurt the sector.
Xi says China will ensure continuity and stability in neighbourhood policy, focus on joint modernisation of Asia
Amidst escalating trade tensions with the US, Chinese President Xi Jinping is visiting Vietnam to bolster political and trade relations. He emphasized China's commitment to stable neighborhood diplomacy and joint Asian modernization. This visit, part of a broader Southeast Asian tour, aims to reduce China's trade dependence on the US, especially after significant tariffs were imposed.
Back to Russian gas? Trump-wary EU has energy security dilemma
As Europe grapples with energy security concerns amid geopolitical shifts and strained relationships with the U.S., major EU firms are considering a partial return to Russian gas imports, including from Gazprom. This potential shift comes as the EU aims to reduce reliance on U.S.
India finds a place in EU's expanding 2 trillion trade playbook as bloc's ties with US sour
Facing escalating trade tensions with the US under President Trump, the European Union is actively pursuing trade diversification by forging new agreements with countries worldwide. While lobbying for tariff reductions in Washington, the EU is accelerating trade talks with nations in Asia and South America, aiming to offset potential losses from strained transatlantic relations.
Jolted by Trump, EU woos new partners from Asia to Latin America
Facing trade tensions with the US, the EU is actively diversifying its trade partnerships, engaging with countries worldwide. Despite challenges in replacing the US market's demand, the EU is pursuing trade talks with various nations, including China, the UAE, and countries in Latin America. Balancing free trade with competitiveness remains a key goal for the EU amid global trade shifts.
EU, Beijing set to hold summit in China in July
Top EU officials and Chinese leaders are set to convene in China this July for a summit marking 50 years of diplomatic ties. Amidst global trade tensions and tariffs imposed by the US, Chinese President Xi Jinping has urged the EU to collaborate with Beijing in resisting what he termed "unilateral bullying.
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