EUR News
LAST UPDATE: September 30, 2025
EU will have new climate targets by COP30 summit, von der Leyen says
The European Union plans to adopt new emissions-cutting targets for 2035 and 2040 ahead of COP30, after missing a prior UN deadline.
Insight
The timing underscores pressure on Brussels to show climate credibility amid internal divisions; reaching consensus will test unity.
Merz Targets Von Der Leyen With German Power Flex
German Chancellor Friedrich Merz is pushing Berlin to reclaim decisive influence in EU policy making, challenging the balance of power with Brussels.
Insight
This signals a more assertive German posture in EU affairs and potential friction with Commission-led initiatives.
UK economic growth slows in second quarter after rapid start to 2025
After a strong first quarter, UK GDP growth slowed to 0.3 % in Q2, reflecting cooling momentum in activity.
Insight
The softening suggests the economy may be reaching constraints, complicating fiscal planning and Labour’s policy room.
Labour must brace for decisions that are ‘not cost-free or easy’, Starmer to say
At the Labour Party conference, Starmer will warn his party that upcoming public finance choices will involve trade-offs and may breach manifesto pledges.
Insight
Acknowledging fiscal constraints up front may help manage expectations, but risks alienating parts of the base if unpopular cuts or taxes follow.
Business gives wary welcome to Reeves and Starmer at Labour conference
Business leaders cautiously welcomed overtures from the new government but flagged uncertainty over policy direction and possible tax changes.
Insight
Restoring business confidence is a priority for Labour’s legitimacy, but blurring lines may heighten scrutiny and pressure.
Czech government approves 2026 budget plan
The Czech government approved its 2026 central budget plan, to be sent to parliament, targeting a deficit of 286 billion crowns. (TradingView)
Insight
With a parliamentary election imminent, the next administration may adjust the plan—underscoring fragility in fiscal continuity.
