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Economy
German economic morale soars in June: 'Confidence is picking up'
Germany’s economic sentiment soared to 47.5 in June, its highest since March, driven by stronger demand and policy support. But European stocks fell as Israel-Iran tensions escalated, oil prices rose, and investors awaited the Fed’s policy decision.
Brussels, My Love?
Brussels, my love? Poles choose 'ordinary man' for President
In this week’s edition of Euronews’ political talk show Brussels, My Love?, we tackle three major stories rattling Europe: escalating US-EU trade tensions, Poland’s sharp political shift, and a multilingualism debate that has put Pedro Sánchez in a hoop.
Business
Procter & Gamble to cut 7,000 jobs as tariff pressure hits
Procter & Gamble will cut up to 7,000 jobs, or approximately 6% of its global workforce, over the next two years as the maker of Tide detergent and Pampers diapers wrestles with tariff-related costs and customers who have grown anxious about the economy.
Europe News
Chances of solving US-EU trade dispute over tariffs slim, expert says
After the US president announced he would raise tariffs on aluminium and steel from 25% to 50%, a deal between the EU and the US is unlikely to be reached within the 90-day period set by Trump, according to Ignacio García Bercero, a former senior EU official and expert at the Bruegel think tank.
USA
EU 'strongly regrets' Trump's 50% steel and aluminium tariff hike
During a rally at a steel plant the US president announced that he will double tariffs on steel imports. Afterwards, he announced the same for aluminium. The measure, which would hit Europe hard, is supposed to come into force on 4 June.