On 20 July, the European Commission fined AliExpress €550 million for failing to fulfil its obligations under the Digital Services Act (DSA) to diligently assess and mitigate risks associated with the sale of illegal, unsafe or counterfeit products on its e-commerce platform. The Commission has ordered the platform to take action in this regard. Failure […]
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The Commission outlines measures to strengthen the European banking sector and support growth
On 17 July ,the European Commission adopted a Communication on the competitiveness of the EU banking sector, setting out measures to strengthen the single banking market. President of the European Commission Ursula von der Leyen said: “Getting capital flowing is how we will get Europe growing. Our Savings and Investments Union needs a strong, competitive banking sector […]
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Multiannual Financial Framework 2028–2034: The Council agrees on a negotiating position on EU support for migration, border management and internal security
On 15 July, the Council agreed on its partial negotiating position on the regulation establishing EU financial support for migration, border management and visas, and internal security for the period 2028–2034. These financial instruments will help Member States to implement the Pact on Migration and Asylum, ensure the efficient management of the EU’s external borders […]
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The Commission is proposing five joint defence projects to strengthen Europe’s industrial capabilities
The European Commission has proposed five new large-scale projects, known as European Defence Projects of Common Interest (EDPCI),to help EU countries strengthen their defence capabilities through the joint development of key military systems. The industrial projects focus on five priority areas: drones and anti-drone systems; maritime and seabed defence; space; air and missile defence; and […]
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New rules come into force to protect the EU steel industry from the harmful effects of global overcapacity
Today, 1 July 2026, new legislation will come into force to protect the EU steel sector from the harmful effects of global overcapacity. This represents a crucial step towards ensuring the long-term viability of a European industry of vital strategic importance. Under these new rules,the European Commission has today published the implementing regulation setting out […]
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Commission adopts temporary adjustments to Basel III Market Risk Rules to safeguard EU banks’ competitiveness
To ensure that the EU banking sector benefits from a level playing field with international competitors, the European Commission has introduced targeted, time-limited amendments to its implementation of the new market risk capital framework for banks. The measures will apply for three years from 1 January 2027. The Fundamental Review of the Trading Book (FRTB), part […]
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New scoreboard shows success of European startup policies
Europe’s startup and scaleup ecosystem has been growing steadily, according to the first-ever European Startup and Scaleup Scoreboard (ESSS) published last May 29 by the European Commission. The scoreboard reveals a clear trend: pro-startup policies drive real results. Since 2020, the baseline year for the Scoreboard, 20 out of 27 EU Member States have improved their […]
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The Commission fines Temu €200 million for breaching the Digital Services Act
The European Commission has fined Temu €200 million under the Digital Services Act (DSA). The company failed to properly identify, analyse or assess the systemic risks arising from the sale of illegal products on its platform and the resulting harm to consumers in the European Union. The evidence available to the Commission indicates that it […]
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The Commission is seeking comments on the functioning of EU rules on crypto-assets
The European Commission has launched a consultation to gather feedback from stakeholders and the general public on the functioning of the EU’s regulatory framework for crypto-assets, the Markets in Crypto-assets Regulation (MiCA). As crypto-asset markets and the broader policy landscape continue to evolve, the Commission is assessing whether the current framework remains fit for purpose. […]
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