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EU
The EU is revising the Tobacco Taxation Directive, proposing a 139 per cent increase in minimum excise duties on cigarettes. This overhaul also aims to establish EU-wide minimum taxes on vapes, heated tobacco products, and nicotine pouches, marking the most significant change in tobacco taxes in over a decade.
Wildfires are raging across Belgium, Germany, France, Croatia, Spain, and Greece amid extreme heat and dry conditions. In Belgium, a major blaze has consumed 3,000 hectares in the High Fens reserve, prompting the deployment of over 250 firefighters and international aid through the EU Civil Protection Mechanism.
Two Spanish F-18 fighter jets intercepted and destroyed an unidentified drone in Romanian airspace early on Sunday, 24 kilometres north of Galati. Defence Minister Miruta confirmed the incident, highlighting Romania’s role in the European Union’s defence and the importance of vigilance amid ongoing tensions with Russia and Ukraine.
Real household income in Europe has risen by about 7% since the COVID-19 pandemic, with Poland, Romania, Hungary, and Croatia seeing increases of 15-20%. This disparity highlights economic inequalities across the continent, affecting purchasing power.
European Commission President Ursula von der Leyen will meet French President Emmanuel Macron today amidst increasing discussions on direct talks between Europe and Russia, with Macron recently dispatching diplomat Emmanuel Bonne to Moscow, reflecting a shift in diplomatic strategy.
Ukraine will receive a €90 billion loan to support its budget and defense, as confirmed by European officials. The European Parliament aims to expedite voting, given the urgent need to address funding before the budget is empty in April.
The European Investment Bank (EIB) is allocating €3 billion to assist EU countries in managing expected energy bill increases from the 2028 carbon tax, announced Climate Action Commissioner Wopke Hoekstra. This funding supports vulnerable households transitioning to cleaner energy solutions.
Centre-left candidate António José Seguro has claimed a decisive victory in Portugal’s presidential election, securing 67% to 73% of the vote against far-right candidate André Ventura, who garnered 27% to 33%. The results matter as Seguro’s win consolidates his position over Ventura’s growing opposition party.
Portugal has commenced voting in the presidential election runoff, with António José Seguro, Socialist Party candidate, expected to beat Chega leader André Ventura. Approximately 11 million voters are eligible, marking a key moment in Portugal’s evolving political landscape.
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