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News & Analysis

Jun 12, 2026

China Cancels Two High-Level Meetings With the EU as Trade Tensions Bite

Beijing scrapped two planned meetings with EU officials at short notice this month, a snub that lays bare how far relations have soured over a record trade gap and tit-for-tat tariffs.

The Europe Debate

Jun 12, 2026

France and Germany Want to Tear Apart the EU's Diplomatic Service

Paris and Berlin have opened talks to scale back the EU's diplomatic service and rein in foreign policy chief Kaja Kallas. The stated problem is coordination. The real fight is over who controls Europe's foreign policy.

Business & Economy

Jun 12, 2026

The ECB Just Raised Rates for the First Time in Three Years. Blame Hormuz.

The European Central Bank lifted its key rate a quarter-point to 2.25% — its first hike in almost three years — as the Iran war and a blockaded Strait of Hormuz push eurozone inflation back above 3%.