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38d06/03war-conflict · 3/5

Europe Scrambles to Contain the Energy Shock

The European Union and the Eurozone are feeling the energy shock as the Iran war enters its fourth month. The spike in oil and gas prices amid the Middle East crisis is raising inflation and moderating economic growth expectations in the EU and the Euro area, which are grappling with the second energy crisis in four years. Comparisons with the 2022 inflation and gas supply shock in the wake of the Russian invasion of Ukraine are flawed as circumstances are different and the likelihood of runaway

unclassifiedmiddle-east · russia · usa
38d06/03

Ukraine and Hungary agree on minority rights, paving way for EU accession talks

Hungarian Prime Minister Peter Magyar said ⁠on Wednesday that Hungary ⁠and Ukraine reached an agreement on the ⁠rights of the Hungarian minority in Ukraine, which could allow approval of the first cluster, or a group of negotiating chapters, in Ukraine’s EU accession talks. The agreement marks a potential breakthrough in a long-running dispute over minority rights that had strained ‌ties between Budapest and Kyiv and complicated Hungary’s support for Ukraine’s EU ambitions. Every step of the...

unclassifiedchina · asia · europe
38d06/03

China, EU slam proposed US tariffs, reject forced labour allegations

The administration of US President Donald Trump has proposed new tariffs of up to 12.5 per cent on imports from China and dozens of other trading partners, using a forced-labour investigation to advance what analysts see as a bid to rebuild its tariff regime after recent court setbacks. The Office of the US Trade Representative (USTR) said on Tuesday that China and 59 other economies failed to prohibit or adequately restrict US imports made with forced labour, subjecting them to punitive action.

unclassifiedchina · asia · europe
38d06/03war-conflict · 2/5

Ukraine drone strikes causing ‘panic’ for Kremlin, EU’s Kallas says

Ukrainian drone strikes deep inside Russia are causing “panic” for the Kremlin, EU top diplomat Kaja Kallas said on Wednesday, saying Moscow was lashing out at Kyiv with increased attacks. Ukrainian drones hit energy and military sites in St Petersburg on Wednesday as officials gathered for Russian President Vladimir Putin’s flagship economic conference in the city. “It clearly shows also panic on the Russian side – why they are increasing the terrorist attacks that they’re doing in Ukraine is..

unclassifiedchina · asia · europe
38d06/03war-conflict · 2/5

EU and China set for Paris talks this week as trade war fears mount

EU trade chief Maros Sefcovic will meet China’s international trade envoy, Li Chenggang, in Paris on Thursday, as the sides look to defuse tensions that have pushed them to the brink of a trade war. The officials will meet on the sidelines of an Organisation for Economic Co-operation and Development (OECD) ministerial meeting, setting the stage for a month of intensified engagement ahead of Commerce Minister Wang Wentao’s visit to Brussels on June 28 and 29, according to people familiar with the

unclassifiedchina · asia · europe
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