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.
Tag: European Union
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.
Posted inTech
EU Parliament delays AI Act high-risk rules to December 2027
EU Parliament voted to delay AI Act high-risk system rules until December 2027, while backing a ban on nudifier AI systems in a broader simplification package.
Posted inTech
EU opens sweeping antitrust inquiry into Big Tech’s AI operations
The European Commission’s competition directorate confirmed in March 2026 that it has opened a wide-ranging inquiry into how large technology companies are using AI to entrench market power, targeting practices at Nvidia, Meta, Google, and Microsoft simultaneously.