The US Dollar bounced back strongly after US PPI data for July showed that wholesale prices rose at the strongest pace in three years.
The EU Council has adopted legal acts lifting all economic restrictive measures on Syria, with the exception of those based on security grounds.
The EU Commission has opened formal proceedings against Pornhub, Stripchat, XNXX, and XVideos for suspected breaches of EU Internet rules, as EU states take their own coordinated action against smaller pornographic platforms.
The EU Council has agreed the setting up of the Security for Action for Europe Instrument to support EU states to invest in defence industrial production through common procurement.
The European Commission has notified Chinese online marketplace and fast fashion e-commerce platform SHEIN of a number of practices on its platform that infringe EU consumer law.
European Parliament and EU government negotiators have reached agreement on new legislation ensuring availability of crisis-relevant products, such as vaccines or chips, during emergencies.
In a fresh bid to cut red tape, the EU is set to cut EUR 400 million in annual administrative cost for European companies, with the aim of boosting growth and investment across the Single Market.
