Finance

US withdraws from UN climate damage fund
Establishment of the fund in 2023 was a victory for climate change activists from developing nations.

Parliament to probe EU grants to Shell, VW and migrant NGOs

Germany’s Merz has 2 weeks to deliver historic spending revolution

Keir Starmer preps major UK deregulation plan

Germany splits with former frugal allies in push to boost EU military spending

Markets are hungry for EU war bonds

Trump trade war could have ‘substantial’ impact on UK, says Bank of England boss
Germany wants looser EU fiscal rules to meet Europe’s defense challenge
Once Europe’s most influential fiscal hawk, Berlin is now leading the charge for greater fiscal flexibility.
How Keir Starmer’s aid cuts threaten Britain’s climate mission
The Labour government has promised to lead the world on climate change, but its renewed focus on defense has thrown those plans into uncertainty.
500 Milliarden: Der Mega-Trippelwumms
– Milliardenkredite für Verteidigung und Investition: Bei den Sondierungen einigen sich CDU und SPD zuerst über das Geld. Auch die Reform der Schuldenbremse soll in Angriff genommen …
France warms to idea of seizing Russian assets in Europe
Paris is looking into whether Russia’s €200 billion can be used to guarantee new loans to Ukraine.
European leaders brace for their ‘5-minutes-to-midnight’ nightmare summit
Diplomats are already worried pro-Russian EU governments could derail the attempt to regain the initiative from Trump ― and save Ukraine.
Green diplomacy survives as UN strikes deal on biodiversity finance
COP16 talks in Rome yielded agreement on funding nature restoration in poorer countries — but some details remain vague.
Big EU countries push expanded carbon border tax to help repay Covid debt
France, Italy and Poland support the move, but others fear it might prompt Donald Trump to retaliate in anger.
EU eyes €200B secret weapon as Trump dominates Ukraine peace talks
Europe has significant leverage after being left out of key talks on ending the war in Ukraine, but will it use it?
Macron meets Trump, Europeans head to Kyiv in two-pronged effort to save Ukraine
European leaders hope to reverse Trump’s retreat from Europe and Ukraine’s dire prospects.
Alice Weidel’s moment has arrived
One in five voters in the German election favored the far right. The AfD leader’s dramatic rise terrifies many of the others.
Merz won the German election. Here’s what it means for Europe.
POLITICO breaks down what the conservatives’ victory means for EU policy and cooperation ― from nuclear weapons to cannabis.
Rishi Sunak jets in to smooth relations ahead of UK-India trade talks
The former U.K. PM has kept a low profile since last year’s election defeat — but Narendra Modi gave him the full VIP treatment in India this week.
EU ready to negotiate on car tariffs with Trump, trade commissioner says
EU Trade Commissioner Maroš Šefčovič said the bloc is “ready to discuss” reducing its 10 percent tariff as part of broader negotiations.
Elon Musk’s DOGE is inspiring an army of British copycats
The X owner’s mission to cut wasteful government spending is being mimicked across the pond.
EU shouldn’t stray from spending rules despite defense needs, finance ministers’ chief says
But Donohoe acknowledged that it is “inevitable that in the years ahead, Europe will have to increase its defense expenditure.”
EU-wide borrowing for defense a ‘no-brainer,’ says Spain’s finance minister
The bloc is grappling with a need to increase defense spending, amid U.S. President Donald Trump’s sudden move to end the war in Ukraine.
Stéphane Séjourné is on a nuclear mission as EU industry chief
With Germany embroiled in political and economic difficulties, nuclear advocates see an opportunity to score points in Brussels.
How von der Leyen blindsided Brussels with her deregulation drive
The Commission president is pushing a sweeping, rapid and centralized agenda to “simplify” EU rules — and not everyone in Brussels is thrilled.
Qatar plans to rein in future French investments amid ‘witch hunt’ into PSG boss
Nasser al-Khelaïfi is under formal investigation again, but Paris denies that has affected Doha’s plans in France.
Britain signals loosening of Syria sanctions after fall of Assad
Minister says tweaks will support Syrian people “in re-building their country.”
Scholz and Merz face toughest critics yet: Germany’s kids
The German chancellor and his conservative challenger faced unfiltered questions from young interviewers on coalition disputes, the war in Ukraine and even döner kebabs.
Ukraine lures new young soldiers with big money sparking anger from old guard
“The state devalues all those who voluntarily joined the army at the beginning of a full-scale war,” blasts one longtime serviceman.
Brexit reset tested as Brussels and London fight about finance
Two decisions by British watchdogs, both of which have a direct effect on the EU, blindsided Brussels and threatened to derail healing wounds.
Von der Leyen’s hold on Brussels wavers with last-minute reprieve for financial rules
The European Commission chief failed to face down her first real challenge from a member of her top team.