- Tornadoes reported in Canada’s Prairies during humid heatwave
- Transcript of interview with Israeli Ambassador Michael Leiter, July 12, 2026
- Labrador rescued from Ben Nevis after suspected cannabis ingestion
- British man killed in Spain wildfire was on phone with wife during escape
- Zelenskyy announces government reshuffle, including new prime minister
- Iran Closes Strait of Hormuz Amid Rising US Military Actions
- Qatari Father Emir Sheikh Hamad bin Khalifa Al Thani dies at 74
- Toronto police search for three suspects after fatal shooting in North York
EU
If approved by parliament, Tofan will lead efforts to drive Moldova towards EU membership and revitalise an economy suffering from prolonged decline. The focus will be on implementing reforms essential for aligning with EU standards and fostering economic growth.
EYES ON EUROPE
This morning, the European Union prioritises collaboration and key policy challenges amidst ongoing geopolitical tensions.
Regulatory updates are expected to shape economic landscapes across Europe.
EU finance ministers convened in Brussels to deliberate on Spain’s proposal for a new joint borrowing mechanism, potentially allowing up to €850 billion annually. ECB President Christine Lagarde supports the initiative, emphasising its importance for economic stability amid ongoing geopolitical uncertainties.
The Global Terrorism Index 2026 highlights a troubling trend in terrorism, noting that minors and young adults now represent 42% of terror-related investigations in Europe and North America. This marks a threefold increase since 2021, indicating a rapid shift in radicalisation processes.
Under EU treaties, member states retain the right to veto decisions impacting core sovereignty, including foreign policy and taxation. However, Hungary’s repeated vetoes on issues like aid to Ukraine and sanctions against Russia raise concerns about using sovereignty claims as leverage, complicating reform efforts within the bloc.
Despite strikes and rising flight costs linked to the Iran conflict, European travel is expected to surge this Easter. EasyJet anticipates nearly 30,000 flights, marking its busiest season. However, UK and Dutch airports hold the highest parking fees, with London Stansted charging around €66 for 24 hours.
Energy Commissioner Dan Jørgensen alerted EU governments to a heightened risk of diesel and jet fuel shortages due to potential supply disruptions linked to Middle East tensions. The EU maintains approximately 100 million barrels in emergency oil reserves, but analysts warn of finite buffers amid escalating demands.
US President Donald Trump’s recent threats to withdraw from NATO have escalated following a lack of support from European allies in response to tensions in the Strait of Hormuz. Experts highlight that US law complicates any potential exit, requiring Senate approval for such a move.
In Kakanj, Bosnia and Herzegovina, lignite mining remains crucial, with production projected to rise from 700,000 tonnes in 2022 to 800,000 by 2026. Despite the health risks and environmental impact, local authorities argue the region’s energy needs justify continued operations at ageing coal facilities.
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