Suspicious drone flights over airports, barracks and critical infrastructure are increasing. German companies Telekom and Rheinmetall plan to jointly develop a system capable of detecting, disrupting and intercepting drones in emergencies.
The European Commission is drafting a regulation to allow public authorities to exclude foreign companies deemed risky due to potential interference or data leaks, amid geopolitical tensions with China and the US. The proposal also includes a potential European preference in procurement.
Volkswagen is set to discuss significant job cuts and factory closures, potentially impacting 100,000 global roles and four German plants. Unions are protesting, and labor representatives hold a majority on the supervisory board, complicating approval.
The EU is reviewing its crypto regulations to address non-EU stablecoin issuers and emerging technologies like tokenization. Stakeholder consultations are ongoing, with lawmakers deeming a review inevitable due to global developments and institutional pressure.
Premier League clubs lost £948mn in 2024/25, a sevenfold increase from the previous year, despite record revenues of £6.8bn. Deloitte attributes the losses to increased transfer spending and a lack of one-off sale profits, with net debt rising to £3.6bn. Lower leagues face even greater financial strain.
The IMF warns that renewed Middle East tensions, following the unraveling of a ceasefire between Iran and the U.S., pose the most imminent risk to global economic growth and inflation. The conflict could raise commodity prices, disrupt supply chains, and heighten social unrest, while AI's economic impact remains uncertain.
Spain has proposed a new EU common borrowing mechanism worth up to €850 billion annually to create a benchmark safe asset, reduce financing costs for European firms, and strengthen the euro. The plan, to be presented by Economy Minister Carlos Cuerpo, faces opposition from Germany and the Netherlands but has support from France and Greece. Spain suggests a voluntary "European Sovereign Facility" with potential for a "coalition of the willing" if not all members participate.
