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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.
Italy’s Interior Minister Matteo Piantedosi confirmed that U.S. Immigration and Customs Enforcement (ICE) agents will support the Olympic delegation during the Winter Olympics in Milan. This matters now due to controversy surrounding ICE’s recent actions in the U.S.
Former Italian PM Mario Draghi warns that the current world order is “dead,” urging Europe…
Former Italian Prime Minister and President of the European Central Bank Mario Draghi stated that Europe must transform into a “genuine federation” to avoid becoming subordinated and deindustrialised, as he warned against rising US tariffs and China’s market control.
The European Union’s proposal for the EU-INC aims to create a single company structure to enhance cross-border growth for startups, addressing fragmentation in company laws. The initiative has gained support from over 23,000 in the tech startup community.
The European Union has committed to sending hundreds of emergency power generators to Ukraine, as declared amid ongoing Russian attacks on the nation’s energy infrastructure, leaving civilians vulnerable to severe winter conditions.
The European Court of Auditors (ECA) report warns the EU risks failing to diversify its supply of critical raw materials crucial for energy transition by 2030, with ECA’s Keit Pentus-Rosimannus citing dangerous dependence on China for key minerals.
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