Brussels–New Delhi — EU and India Finalize Historic Trade Deal:
The European Union and India concluded negotiations on a long-awaited free trade agreement, promising to reduce tariffs on most goods and boost two-way trade with one of the world’s fastest-growing large economies. The pact is designed to lessen Europe’s reliance on more volatile markets and support diversified global economic ties.
Brussels — Shein Faces Potential EU Investigation Over Illegal Products:
A senior European Commission official said that Chinese online fashion retailer Shein could face an EU investigation into the sale of illegal or non-compliant products on its platform, though no interim measure to suspend the site is expected. The move reflects deeper EU scrutiny of cross-border digital marketplaces.
London / Europe — Industry Group Warns EU Risks Falling Behind Without Reform:
The European Banking Federation warned that the EU’s regulatory framework could undermine banks’ ability to lend and make Europe fall further behind other major economies unless significant reforms are implemented — adding to Europe’s mounting competitive pressures.
Paris — Commission Proposes Suspension of Duty-Free Sugar Imports:
The European Commission proposed suspending the duty-free sugar import scheme (inward processing relief) to support EU sugar producers facing price slumps and competition, drawing both support from growers and pushback from manufacturers who say costs will rise.
Europe Weather — Storm Chandra Brings Travel Hazards and Disruption:
Storm Chandra brought strong winds, heavy rain, and flooding alerts across the United Kingdom and parts of northern Europe, triggering amber and yellow warnings from meteorological services. One fatality linked to the storm was reported as the severe conditions led to a lorry accident and rising river levels.