EU

The European Union and United States firmed their collaboration on critical minerals, signing a Memorandum of Understanding to enhance supply chain diversity and bolster national security. US Secretary of State Marco Rubio emphasised the importance of a broadening mineral base to mitigate risks associated with over-concentration in specific regions.

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EU leaders have committed to enhancing security and economic ties with Middle East partners while advocating for a diplomatic resolution to the Iran war. Talks in Cyprus included discussions on rising energy prices due to the conflict and the potential formation of a multinational force to secure the Strait of Hormuz.

European steel shipments to the US fell by 30% from June to December 2025, as announced by Eurofer Director General Axel Eggert. The decline highlights the impact of the US’s 50% tariffs on EU steel, creating urgent discussions regarding trade negotiations.

UN Special Rapporteur for the Palestinian territories Francesca Albanese stated she will not resign despite calls from France and Germany following her comments on Israel. Albanese asserts she has the full backing of the UN Human Rights Council and aims to redirect focus to her findings on state support for Israel.

Homeownership rates are declining across Europe, with the Re/Max Europe annual European Housing Trend report revealing a 2% drop in the UK, France, Germany, Romania, and the Czech Republic. This shift reflects changing lifestyle preferences and financial barriers in today’s economy.

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