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- EU and Mexico sign revamped trade deal to strengthen economic ties
- House Oversight Committee investigates Kalshi and Polymarket for insider trading
- First images released from Maldives cave where six divers died
- Ireland warns against Ukraine associate membership risk, citing limbo
- Workers document Congressional activities overnight to produce the Congressional Record
- Morrisons to close around 100 convenience stores in the UK this year
- Six fatalities confirmed in Maldives diving accident at submerged cave
- Police investigate sexual misconduct claim against Prince Andrew in 2010
EU
European Commission President Ursula von der Leyen and European Council President António Costa signed a modernised trade deal with Mexico at an EU summit, enhancing economic ties amid rising geopolitical tensions. This agreement opens markets for key sectors, supporting the EU’s diversification strategy and reducing reliance on the US and China.
Ireland’s Foreign Minister Helen McEntee warned that granting “associate membership” to Ukraine could hinder its EU accession momentum, risking a two-tier membership approach. This follows German Chancellor Friedrich Merz’s proposal aimed at overcoming a two-year stalemate in Ukraine’s EU bid.
The European Commission has downgraded its 2026 growth forecast for the EU economy to 1.1%, citing increased energy prices due to the Middle Eastern conflict. The eurozone outlook fell to 0.9%, reflecting risks from global energy market disruptions and escalating inflation, now expected to reach 3.1%.
An Austrian court acquitted Johannes Peterlik, a former senior foreign ministry official, of leaking confidential documents related to the 2018 Novichok poisoning of Sergei Skripal. Prosecutors had accused him of abuse of authority and breach of confidentiality, but plan to appeal the verdict.
The Strait of Hormuz blockade poses a significant energy challenge for European governments, prompting urgent calls for demand reduction instead of blanket measures. National responses largely fail to meet the European Central Bank’s criteria, risking prolonged economic turmoil and ineffective financial aid.
EU ENERGY CRISIS
This morning, Europe prepares to address escalating energy challenges and potential impacts on supply chains and economies.
Key discussions centre on strategic responses.
European transport ministers are considering importing jet fuel from alternative sources, including the United States, amid potential shortages caused by disruptions in the Middle East. Transport Commissioner Apostolos Tzitzikostas confirmed this development as airlines warned of possible flight cancellations linked to supply issues.
Spain, Ireland and Slovenia’s proposal to suspend the EU–Israel Association Agreement over alleged war crimes in Lebanon and Palestine did not gain enough backing from EU foreign ministers. Nonetheless, a related initiative regarding settlement goods will be forwarded to the European Commission for consideration.
Emmanuel Macron is set to meet Lebanese Prime Minister Nawaf Salam amid rising tensions following the death of a French UN soldier in Lebanon. France aims to reaffirm its commitment to Lebanon’s sovereignty and the ceasefire terms, while discussions continue regarding future security in the region.
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