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European Union

European Union
European Union
The latest breaking news and stories on the European Union (EU), an economic and political union of 27 member states mainly located in Europe, which accounts for around a sixth of global economic output. Also covering the EU’s relationship with the UK (post Brexit), China and the US, plus commentary and updates on EU legislation, the euro and trade.
A butcher weighs meat at a butcher shop in Rio de Janeiro, Brazil. Photo: AFP
China-Latin America relations

China opens door to all Brazilian beef, then slams it with a 55% surtax

Recognition lifts a long-standing sanitary barrier, but an import quota in force since January caps how far Brazilian beef sales can grow.

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China-EU relations

Putin in Beijing, ‘China shock’ in EU: 7 global relations reads

Nordic nations

Sweden prepares prisons for 13-year-old gang killers

Indonesia

Prabowo’s overseas visits spark debate in Indonesia over benefits for citizens

Several deals signed in Paris have led to discussions on their merit and the frequency of Prabowo’s official trips around the world.

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France’s President Emmanuel Macron and France’s first lady Brigitte Macron welcome Indonesia’s President Prabowo Subianto ahead of a state dinner as part of Prabowo’s visit to Paris on Thursday. Photo: AFP
China manufacturing

China’s overseas expansion fuelled by government subsidies: OECD report

While OECD figures suggest subsidies have driven Chinese firms’ rapid growth abroad, a Chinese chamber of commerce questioned the report’s standards.

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US, Israel war on Iran

Letters | Asia can’t wait for the US to lift its naval blockade on Iran

Readers discuss how to make the blockade costly for Washington, the Power of Siberia 2 pipeline, and the success of a grass-roots film.

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Malaysia

Why oil-hungry Asia ignores risks linked to Russia’s ‘dark fleet’

Asia prioritises fuel needs over security risks from Russian oil to survive the energy crisis, despite sanctions and diplomatic dilemmas.

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Russia’s “shadow fleet” vessels wait in the unofficial anchorage area in the Gulf of Finland near Vaindloo, Estonia, on April 10. Photo: Reuters
China-EU relations

China’s SAIC plans to build first EU car plant in Spain’s Galicia

Galicia’s leader Alfonso Rueda said his administration ‌had given the project an initial investment envisaged at around US$232 million.

France

French police arrest 780 after violent Paris Saint-Germain celebrations

Authorities said that planned celebrations for the team’s win on Sunday afternoon at the Champ de Mars, near the Eiffel Tower, would go ahead as scheduled.

Technology

Opinion | For SpaceX, global dominance may not be written in the stars

Space is not an ordinary, commercial, open market but a strategic domain tied directly to sovereignty, security and industrial policy.

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The SpaceX Starship and super heavy booster creates sound waves as it lifts off on its 12th test flight from the SpaceX launch complex in Starbase, Texas, US, on May 22. Photo: Reuters
China-EU relations

As EU mulls trade tools, China vows to take steps against any new restrictions

While warning of retaliation against ‘new trade instruments’, Beijing says China-EU communication channels remain open.

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China’s commerce ministry says China and the EU are exploring a trade and investment consultation mechanism, but it has not offered details of the plan. Photo: CN-STR/AFP
International Property

Spain’s property market sees boost as Hongkongers, others, depart UK and Canada

As the cost of living rises, some Hongkongers living in the United Kingdom and Canada are set to move to Spain under the NLV scheme.

China-Japan relations

China and Japan aren’t talking. Will their rare earth trade go quiet?

With bilateral relations at a low and Beijing already enacting limited export controls on critical minerals, fears of a broader ban grow.

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China-EU relations

Brussels agrees on tougher China trade policy, as Beijing vows retaliation

Trade chief details why bloc needs to take stronger steps to defend itself from what is described as a new ‘China shock’ to its industries.

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European Commissioner for Trade and Economic Security Maros Sefcovic is expected to ramp up safeguard measures in sectors that are under severe pressure from Chinese overcapacity. Photo: Reuters
China-EU relations

EU’s 6 biggest economies agree on capital markets supervision

It is part ‌of a bid to boost EU’s competitiveness as it struggles with weak growth and fierce competition from the US and China.

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European Union flags flap in the wind outside EU headquarters in Brussels. The ⁠other 21 EU member states still need to agree to the proposals. Photo: AP
China-EU relations

The era when Europe viewed China as a partner is over, Brussels insider warns

A new era of fractious EU-China trade relations is here to stay, as Brussels’ view of Beijing has fundamentally changed, lobbyist says.

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Artificial intelligence

Asia faces ‘costly paradox’ over divergent AI rules in US and EU

Regional countries are adapting either the US or EU legal framework, while Asian tech firms risk incurring a ‘regulatory fragmentation tax’.

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Semiconductors

Wingtech says core of Nexperia’s China unit now based on mainland

The statement comes amid escalation in the Nexperia conflict, as Wingtech files a lawsuit in China against chip firm.

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A wafer sample on display during a semiconductor exhibition in Shanghai on March 25. Photo: AFP
Hong Kong economy

Opinion | Cross-border wealth hub crown latest sign Hong Kong is roaring back

City overtook Switzerland in BCG wealth report, underscoring vital ‘superconnector’ role between mainland and international capital markets.

China-EU relations

JD.com’s US$2.6 billion bid for Germany’s Ceconomy faces deeper EU scrutiny

European Commission launches in-depth investigation under Foreign Subsidies Regulation in latest instance of Brussels-Beijing tensions.

China-EU relations

EU heavyweights back industrial accelerator as China shock fears grow

Highlighting urgency, bloc’s major members offer qualified support of legislative proposal that has deepened tensions with Beijing.

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Adolfo Urso, Italy’s business minister, urges the EU to move quickly and pass the Industrial Accelerator Act. Photo: EPA
Switzerland

3 wounded in blade attack at Swiss railway station

The suspect – a 31-year-old Swiss-Turkish man – has been arrested. The attack is being treated as a terrorist act , a security official said.

Police officers remove barrier tape at the scene of a stabbing incident at the railway station in Winterthur, Switzerland on Thursday. Photo: EPA
Nato

Germany, Netherlands to set up Nato command centre in Baltics

The centre, known as 1GNC, is a command centre that can control up to 50,000 troops.

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France

France becomes first EU country to reimburse anti-obesity drugs

The move is estimated to cost the state around €100 million (US$116 million) annually at full roll-out.

China-EU relations

Europe plans tougher response to China Shock 2.0

EU officials will discuss new trade protection measures at a meeting on Friday as the continent’s companies contend with a deluge of Chinese imports.

Cars made by Chinese automaker BYD on display at a show in Munich, Germany. Photo: Xinhua
China-EU relations

European leaders get ready to ‘act now’ amid rising fears of ‘China shock 2.0’

Ahead of a key debate on Friday, most commissioners said to support a more robust stance and broader use of safeguard measures.

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European Commission President Ursula von der Leyen is among those in support of a stronger trade and industrial policy. Photo: EPA
China trade

Exclusive | China’s date with Dutch trade minister on cards for early July: source

The Netherlands’ trade chief and his delegation will come at a pivotal diplomatic moment, as The Hague faces pressure from US tech-export laws.

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Spain

Spanish police search headquarters of PM Sanchez’s ruling party

The raid is another blow to the prime minister’s party, whose Socialists have been hammered by a series of corruption scandals.

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