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EU's 21st Sanctions Package on Russia Targets Crypto Transactions

EU's 21st Sanctions Package on Russia Targets Crypto Transactions

The European Commission has introduced its 21st sanctions package against Russia, which includes new measures targeting crypto transactions. This package aims to prevent the circumvention of sanctions through the use of crypto assets. It includes a third-country transaction ban and targets over 100 banks and crypto asset firms. The sanctions also extend to Russian nationals holding board positions in crypto asset services under the Markets in Crypto-Assets (MiCA) regulations.
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EU Directive Targets Greenwashing with New Regulations for Environmental Claims

EU Directive Targets Greenwashing with New Regulations for Environmental Claims

The European Union has introduced Directive (EU) 2024/825, aimed at curbing greenwashing by requiring companies to substantiate environmental claims with verifiable evidence. This directive, effective from September 27, 2026, amends existing consumer protection laws to ensure that terms like 'eco', 'green', and 'sustainable' are only used when backed by specific, accessible justification. The directive also mandates that sustainability certifications must be based on third-party verification systems. Companies are required to provide transparency on the durability and real impact of their products, and offset-based claims like 'carbon neutral' are restricted unless they involve actual emission reductions.
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Germany Achieves Milestone as Wind and Solar Surpass Fossil Fuels

Germany Achieves Milestone as Wind and Solar Surpass Fossil Fuels

Germany has reached a significant milestone in its energy transition, with wind and solar power generating more electricity than fossil fuels for the first time. In 2025, wind and solar accounted for 44% of Germany's electricity, surpassing the 43% generated by fossil fuels. This achievement is part of Germany's 'Energiewende' initiative, aimed at increasing renewable energy use and phasing out coal and nuclear power. The country has already shut down its last nuclear plants and plans to eliminate coal power by 2038. Efforts to streamline permitting processes and prioritize renewable energy projects have facilitated this transition.
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EU Renewable Targets Could Reduce Gas Demand by 25% by 2030

EU Renewable Targets Could Reduce Gas Demand by 25% by 2030

The European Union (EU) is on track to significantly reduce its natural gas demand by 2030 if it meets its renewable energy targets, according to the Institute for Energy Economics and Financial Analysis (IEEFA). The EU aims to install at least 4 million heat pumps, 75 gigawatts of solar, and 22 gigawatts of wind capacity annually over the next five years. Achieving these targets could cut gas demand by a quarter, equivalent to twice the volume of LNG imports from Qatar. Despite progress, the EU is still behind its 2030 renewable energy target of 42.5%, requiring a substantial increase in renewable energy adoption.
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US firms in Europe broadly see stable transatlantic ties a year on from trade deal

US firms in Europe broadly see stable transatlantic ties a year on from trade deal

By Philip Blenkinsop BRUSSELS, July 27 (Reuters) - A majority of U.S. companies operating in Europe now expect stable transatlantic trade and investment relations, a marked improvement from their views in 2025, according to a survey published on Monday.
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EU Confirms Oil Supply Stability Amid Middle East Tensions

EU Confirms Oil Supply Stability Amid Middle East Tensions

The European Union (EU) has assured that there are no immediate supply issues concerning crude oil and oil products, despite ongoing conflicts in the Middle East. This announcement follows a meeting involving the European Commission, EU countries, the International Energy Agency (IEA), and NATO. While the EU can currently meet its oil demand through commercial stocks and alternative global supplies, the European Commission warns that prolonged Middle East conflicts could tighten markets in the future. The situation is compounded by reduced cargo volumes through the Strait of Hormuz, a critical chokepoint for global oil transport.
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European Union Confirms Oil Supply Security Amid Middle East Crisis

European Union Confirms Oil Supply Security Amid Middle East Crisis

The European Union (EU) has confirmed that there are no current supply issues regarding crude oil and oil products in the region, despite the ongoing crisis in the Middle East. This assurance follows a meeting involving experts from the European Commission, EU countries, the International Energy Agency (IEA), and NATO, who discussed the state of oil supply security in Europe. The EU has stated that demand for crude oil and oil products can continue to be met through commercial stocks and alternative supplies from global markets. However, the European Commission has warned that the duration of the Middle East conflict could impact markets in the coming weeks and months. The commission is actively assessing the situation and maintaining communication with EU countries, the IEA, and market participants.
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President Trump to Investigate EU Over Fines on U.S. Tech Giants

President Trump to Investigate EU Over Fines on U.S. Tech Giants

President Donald Trump has announced plans to investigate the European Union following significant fines imposed on major U.S. tech companies, including Google, Apple, Meta, and Amazon. The European Commission recently fined Google €890 million for anti-competitive practices. In response, Trump has threatened to impose tariffs on European nations, arguing that the EU's actions unfairly target American businesses. The President's statement on Truth Social emphasized that the U.S. would not be treated as a 'piggybank' by Europe and called for the reversal of these fines. This move is part of a broader strategy by the Trump administration to address what it perceives as unfair trade practices by the EU.
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European Union Leaders to Host AI Roundtable Amid Growing Global Competition

European Union Leaders to Host AI Roundtable Amid Growing Global Competition

The European Union is set to host its first-ever roundtable later this year to address critical issues surrounding artificial intelligence (AI), including economic competitiveness, national security, and geopolitical influence. This decision marks a significant step for the EU, which has been perceived as lagging in the global AI race dominated by the United States and China. The EU's AI Act, which became law in 2024, primarily established a legal framework for AI governance but did not focus on enhancing competitiveness or security. The upcoming summit aims to address these gaps by treating AI as a strategic priority. The European Commission's AI Office has published a report highlighting the rapid advancement of AI capabilities and the EU's need to catch up in terms of infrastructure and investment.
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European Union Confirms Oil Supply Stability Amid Middle East Crisis

European Union Confirms Oil Supply Stability Amid Middle East Crisis

The European Union (EU) has confirmed that there are no immediate supply problems regarding crude oil and oil products in the region, despite the ongoing Middle East crisis. This assurance follows a meeting of experts from the European Commission, EU countries, the International Energy Agency (IEA), and NATO. The EU can meet its demand through commercial stocks and alternative global supplies. However, the European Commission warns that the duration of the Middle East conflict could impact markets in the coming weeks. The IEA reports that the current energy shock is more severe than past crises, with cargo volumes through the Strait of Hormuz at about 10% of pre-war levels.
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Cross-Border Commerce Faces New Challenges After De Minimis Exemption Ends

Cross-Border Commerce Faces New Challenges After De Minimis Exemption Ends

The end of the de minimis exemption marks a significant shift in cross-border commerce, as parcels entering the European Union now owe customs duty regardless of value. This change, effective July 1, 2026, imposes a €3 charge per line item on shipments under €150, with the liability falling on brands and retailers. The U.S. has also ended the de minimis exemption for Chinese imports, with a complete expiration set for July 1, 2027. These changes increase costs and administrative burdens for businesses engaged in international trade, requiring them to adapt their operations and pricing strategies to maintain competitiveness.
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Eural Gnutti Advocates for Scrap Aluminium as a Sustainable Future Amid Geopolitical Tensions

Eural Gnutti Advocates for Scrap Aluminium as a Sustainable Future Amid Geopolitical Tensions

Eural Gnutti Advocates for Scrap Aluminium as a Sustainable Future Amid Geopolitical Tensions