European Union Business News from EUbusiness.com
The euro held firm despite a weak German ZEW survey, which showed investor sentiment slipping to 38.5 from 39.3 (below expectations of 40+). The single currency stayed above 0.8800 against sterling, supported by optimism for stronger Eurozone growth into 2026.
The EU has outlined a new global climate and energy vision, an international strategy to secure Europe’s place in global markets, focused on delivering mutual economic benefits, decarbonisation and energy security.
The European Commission has signalled it is looking at a revision of the EU’s 2014 Public Procurement Directives as part of its strategic agenda to boost Europe’s competitiveness and economic security.
Commissioner for Internal Affairs and Migration Magnus Brunner has signed bilateral agreements on behalf of the European Union to transfer passenger name record (PNR) data with Norway and Iceland.
The European Commission has fined fashion companies Gucci, Chloé and Loewe for fixing resale prices, in breach of EU competition rules, thereby increasng prices and reducing choice for consumers.
Everyday electronic devices will become more energy efficient and more consumer-friendly following a Commission update to the Ecodesign requirements for external power supplies (EPS).
The Council has given its final approval on the EU’s toy safety regulation, legislation to reinforce safety rules, increase protection against harmful chemicals and promote the use of digital product passports to facilitate enforcement.
