EUR News
LAST UPDATE: July 11, 2025
Starmer, Macron unveil migration deal, deeper defence
UK and France agreed on a pilot migrant return scheme for Channel crossings and also strengthened defence ties, including Ukraine support .
Insight
The agreement reflects parallel cooperation in migration and military realms, showcasing resilience and strategic depth in UK-French relations.
EU lawmakers rebuke China over rare earth curbs before summit
EU Parliament condemned China’s curbs on rare earth exports, calling for their removal and urging increased EU investment in securing critical-mineral independence .
Insight
The push underscores Europe’s strategic effort to diversify supply chains and reduce reliance on Chinese dominance in vital tech minerals.
Jamie Dimon tells Europe: ‘You’re losing’
JPMorgan CEO Jamie Dimon warned that Europe’s GDP has dropped so much it’s at ~65% US levels and cautioned about Trump’s tariff threats hurting competitiveness .
Insight
Dimon’s blunt assessment highlights an urgency for Europe to ramp up industrial investment and reform to bolster competitiveness amid shifting global trade dynamics.
BOE’s Breeden Warns G-7 Bond Prices at Risk from Climate Change
BOE Deputy Governor Sarah Breeden warned that G7 long-duration bonds could fall by up to 20% in value as markets begin to price in climate-related risks.
Insight
Her remarks highlight the growing importance of climate risk in financial markets, urging investors and central banks to reassess asset vulnerabilities.
Turkey cenbank net FX reserves jump by $11 bln to $57.5 bln
Turkey’s central bank saw a sharp $11 billion increase in its net FX reserves, reaching $57.5 billion in the week ending July 4.
Insight
The surge reflects efforts to rebuild monetary buffers, signaling a shift toward more conventional economic management.
