Icelanders rejected a proposal to reopen EU accession negotiations by 52.8% on August 29, ending the country’s closest bid for membership in more than a decade.
Tag: European Union
Posted inTech
EU Fines AliExpress a Record €550 Million Under Digital Services Act
The European Commission imposed its largest-ever Digital Services Act penalty on Alibaba’s AliExpress on Monday, citing systemic failures to detect and remove counterfeit and dangerous products.
Posted inTech
Ireland opens its EU Presidency with the AI Act omnibus fix as its most urgent digital task
Ireland’s six-month EU Council Presidency begins on 1 July 2026 with finalization of the Digital Omnibus — amendments to the EU AI Act that would defer high-risk compliance from August 2026 to December 2027.
Posted inMarkets
Eli Lilly climbs 7% as EU regulators back Jaypirca across all CLL treatment lines
Shares in Eli Lilly rose 7.13% to $1,208.12 on June 26 after the EMA’s committee recommended approving pirtobrutinib for chronic lymphocytic leukemia across all treatment lines.
Posted inGeopolitics
Royal Marines seize Russian oil tanker as West tightens shadow fleet sanctions
Royal Marine Commandos seized the SMYRTOS tanker carrying $30 million in Russian crude on June 14, part of a coordinated UK-EU push that has now sanctioned more than 600 shadow fleet vessels.
Posted inTech
EU picks Domyn’s EUROPA to build a 400-billion-parameter open-source AI in all 24 EU languages
The EU selected Italian startup Domyn’s EUROPA consortium to build a 400-billion-parameter open-source AI model covering all 24 official EU languages.
Posted inEconomy
Euro bond issuance hits record $1.1 trillion as dollar’s global role ebbs
Euro-denominated bond issuance hit a record $1.1 trillion in 2025, up 30%, and the euro now leads the dollar in green bonds, the ECB’s June 2026 report shows.
Posted inWorld
Swiss voters reject ten-million population cap
Switzerland voted 54.8% against capping its population at ten million on June 14, preserving free movement agreements with the EU and averting a damaging bilateral rupture.
Posted inWorld
Swiss voters decide on a population cap that would trigger an EU rupture
Switzerland voted on 14 June 2026 on a constitutional amendment to cap its population at 10 million — a measure that could end free movement with the EU.
Posted inEconomy
ECB raises rates to 2.25% in first hike since 2023 as Iran war drives inflation
The European Central Bank raised its deposit facility rate by 25 basis points to 2.25% on June 11, citing persistent energy-driven inflation from the Middle East conflict, with headline eurozone inflation forecast to average 3% in 2026.