Mainstream conservatives fear coalition deals with the far-right Vox party could force them toward a policy that alienates centrists and immigrants.
Spain's National Court has ordered BBVA, the country's second-largest bank, and its former chairman Francisco Gonzalez to stand trial for alleged corporate spying. The bank is accused of hiring a private investigation agency run by disgraced former police chief Jose Manuel Villarejo to spy on politicians, journalists, and business figures.
Spain's Finance Minister Carlos Cuerpo proposed a new "European Sovereign Facility" for joint EU borrowing to strengthen the euro's international role amid geopolitical uncertainty. The mechanism aims to centralize debt, reduce costs, and build a €5 trillion stock within five years, though some member states oppose further joint debt.
The European Parliament voted to advance a bill enabling tech firms to scan for child sexual abuse material, despite rejecting it in March. An amendment exempting end-to-end encrypted services was added, leaving both proponents and critics disappointed.
The European Commission has initiated an investigation into Chinese Peking duck imports following complaints from EU producers about unfairly low prices and alleged subsidies. This move escalates trade tensions between the EU and China, potentially impacting ongoing negotiations.
A fire at the Huiteng Shoes factory in Jinjiang city, Fujian province, eastern China, on Thursday killed at least 28 people. President Xi Jinping called for accountability as rescue efforts continued, with fears that people were still trapped.
South Korean chipmaker SK hynix is set to raise approximately $28 billion on Wall Street via ADRs, a sum surpassed only by SpaceX. The listing aims to improve valuation and fund new facilities amidst a booming AI memory market, despite cyclical industry risks.
