Daily brief
The EU is racing to find a compromise deal as a tariff deadline set by US President Donald Trump looms, with multiple initiatives underway to reduce economic dependence on China and boost energy autonomy. Ireland is pushing for EU energy independence, while a report claims heat pumps and EVs could save households over €2,200 a year. The bloc also approved €153m in additional funding for Lithuania.
India and the EU are pursuing a free trade agreement to open new opportunities in trade, technology and resilient supply chains, according to Prime Minister Modi.
EU sanctions are worsening the chip shortage for the car industry, while the bloc may also rule German parcel tax illegal.
The EU plans to tackle 'cookie fatigue', and digital banks are reshaping monetary policy transmission, according to an ECB analyst.
Leapmotor's B03X model may challenge EU siblings, while a narrowing valuation gap and LP pressure lift EU and UK private equity exits.
by WorldBrief & Maksim Micheliov | AI-generated summary