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The EU's Pay Transparency Directive, aimed at reducing the 11% gender pay gap, faces implementation challenges as most EU countries are set to miss the 7 June 2026 deadline. Six countries have taken no action, while others have draft legislation or partial implementation.

A new report led by economist Jorge Bravo warns that Portugal's social security system hides a €1.94 billion deficit and declining pension replacement rates. The study proposes children's savings accounts, auto-enrolment supplementary schemes, and retirement savings certificates.

Canadian Prime Minister Mark Carney has pledged to match US tariffs dollar for dollar after trade talks between Ottawa and Washington collapsed, leading to new 50% duties on Canadian goods.

Monte dei Paschi di Siena's board set financial terms for €34 billion voluntary public exchange offers for Banco BPM and Banca Generali, countering Intesa Sanpaolo's takeover bid.

China's Ministry of Justice has ordered domestic companies to withhold information from EU officials investigating foreign subsidies. The directive specifically targets the probe into JD.com's €2 billion acquisition of Germany's Ceconomy, complicating EU-China trade talks.

Mps board approved public exchange offers for Banco Bpm and Banca Generali as a defense against Intesa Sanpaolo's takeover bid, sparking political debate over government intervention in banking mergers.

Russia is experiencing a worsening fuel crisis as drone strikes on oil refineries have crippled 54% of national refining capacity. With petrol available at only 28% of stations, the government has implemented rationing, price caps, and reauthorized lower-grade fuel.