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Europe
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Markets
Trump's 30% tariffs threaten to burst Europe's bullish trade
Trump's threat of a 30% tariff on EU goods from 1 August puts Europe’s bullish growth narrative at risk. With investors heavily positioned in eurozone assets, Goldman warns of a 1.2% GDP hit, raising fears of a sharp reversal if tensions escalate.
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Europe News
EU delays measures against Israel on Gaza despite pressure to act
The EU’s 27 foreign ministers agreed to “keep a close watch” on Israel’s compliance with a recent agreement to improve humanitarian aid access into Gaza. They also delayed agreeing on a list of 10 options to respond to Israel's action in Gaza during a meeting of the Foreign Affairs Council.
EU Decoded
Can the EU establish common rules to limit sperm and egg donation?
Births conceived through sperm donation are on the rise in Europe, but recent controversies involving so-called "super donors" have prompted several EU countries to call for clear regulation and international limits on sperm and egg donations.
Ukraine
New US weapons deal: What will Ukraine receive and who will pay for it
In a sharp 180-degree turn on US support for Ukraine, Donald Trump announced that the Washington will send more weapons to Kyiv, two weeks after US military assistance to Ukraine was paused, allegedly due to low stockpiles.
Economy
Germany’s economic sentiment hits highest level since early 2022
Germany's economic sentiment hit a 3-year high in July, with the ZEW index rising to 52.7 amid hopes of a US-EU trade resolution and German stimulus. The eurozone's outlook also improved, while markets stayed cautious after new US tariff threats.
Culture news
Smell like Putin: Russia releases scented candle to promote patriotism
The candles cost around €6 and promise to fill a room with a unique fragrance in just 30 minutes. From "Aroma Putin Black Vanilla" to "Symbol of the Russian Empire", some are citing this olfactive merchandising as further proof of the cult of personality in Russia.
