European

Sept. 5 (UPI) — The European Commission on Friday fined Google $3.455 billion for violating the European Union’s anti-competitive practices in advertising technology, prompting a threat by U.S. President Donald Trump to impose higher tariffs.

Earlier this week, a U.S. federal judge ordered the U.S.-headquartered company to hand over its search results and some data to rival companies. The Justice Department challenged Google’s dominance in online search. But Google avoided having to sell off its Chrome browser or Android operating system.

The DOJ also is suing Google in another advertising case with the trial set to start later this month.

Trump, in a post on Truth Social, said the fine is “effectively taking money that would otherwise go to American Investments and Jobs.

“We cannot let this happen to brilliant and unprecedented American Ingenuity and, if it does, I will be forced to start a Section 301 proceeding to nullify the unfair penalties being charged to these Taxpaying American Companies.”

In a follow-up post five minutes later, Trump said Google has paid in the past “13 Billion in false claims and charged for a total of $16.5 Billion.”

On July 27, Trump reached a deal with EU in July for a 15% levy on most imports from Europe. The European bloc agreed to purchase $750 billion worth of energy from the U.S., and invest $600 billion more in other areas.

The European Commission, which represents 27 nations, said it fined Google “for breaching EU antitrust rules by distorting competition in the advertising technology industry (‘adtech’). It did so by favoring its own online display advertising technology services to the detriment of competing providers of advertising technology services, advertisers and online publishers,” according to a news release.

Google has 60 days how it intends to “bring these self-preferencing practices to an end and to implement measures to cease its inherent conflicts of interest along the adtech supply chain.”

The commission noted that advertisers and publishers rely on digital tools for the placement of real-time ads not linked to a search query, such as banner ads in websites of newspapers.

The EC began investigating Google in 2021. Investigators found that since 2014 Google “abused such dominant positions in breach of Article 102 of the Treaty on the Functioning of the European Union.”

“Today’s decision shows that Google abused its dominant position in adtech harming publishers, advertisers and consumers,” Teresa Ribera, the European Commission’s top antitrust regulator, said in a statement. “Google must now come forward with a serious remedy to address its conflicts of interest, and if it fails to do so, we will not hesitate to impose strong remedies.

“Digital markets exist to serve people and must be grounded in trust and fairness. And when markets fail, public institutions must act to prevent dominant players from abusing their power. True freedom means a level playing field, where everyone competes on equal terms and citizens have a genuine right to choose.

Google plans to appeal.

“There’s nothing anticompetitive in providing services for ad buyers and sellers, and there are more alternatives to our services than ever before,” Lee-Anne Mulholland, Google’s global head of regulatory affairs, said in a statement to The New York Times.

A variety of businesses, small and large, advertise on Google’s search engine. Google’s automated system finds and indexes webpages. In 2024, Google began providing artificial intelligence summaries through AI Mode.

Google has an 89.93% woldwide market share of search engines with Microsoft Bing second at 3.95%, Russia’s Yandex third at 2.21% and Apollo Global Management’s Yahoo fourth at 1.48%, according to StatCounter.

Google processes approximately 16.4 billion searches per day.

In 2023, Google had $264.59 billion in ad revenue, mainly from search, according to Statista. The company’s total revenue was 305.63 billion.

Google was founded in 1998 by Larry Page and Sergey Brin, who developed a search algorithm called “BackRub” at Stanford University. In 2021, the ad revenue was 70 million.

The name Google is a misspelling of Googol, the number 1 followed by 100 zeros.

Google’s parent company is Alphabet, which was formed in 2015 through restructuring. It is the world’s third-largest tech company in terms of revenue behind Amazon and Apple. Alphabet’s total revenue was $350 billion in 2024 with the market capitalization now $2.83 trillion.

In mid-day trading on Nasdaq, Alphabet’s stock was up $1.59 to $233.89.

Besides Chrome, Android and its search engine, other Google businesses include Google Cloud, Google Maps and Waze, Google Pixel, Next and YouTube.

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September has long carried an unfavourable reputation for global equity markets, and European stocks are no exception.

Historical data reveals that the month consistently delivers weak performances for major continental indices, echoing the negative seasonal pattern seen on Wall Street.

Over the past 30 years, the Euro Stoxx 50 index, Europe’s leading blue-chip benchmark, has posted an average September loss of 1.56%, narrowly trailing August’s 1.59% decline, which ranks as the worst month of the year. In 15 of those 30 years, the index closed the month in the red, underscoring a near-coin toss probability of a negative outcome.

The negative seasonality remains intact even when narrowing the lens to the past decade. Since 2014, the Euro Stoxx 50 has recorded an average 1% drop in September, with six out of ten instances ending in losses.

And it’s not just the Euro Stoxx 50 feeling the September slump. The broader Euro Stoxx 600, which captures a wider slice of the market, has also stumbled during this month, with an average loss of 0.96% since its launch in 2002.

That mirrors the S&P 500’s performance, which has lost about 1% on average during the same month over recent decades, the worst return of any month for US equities.

The September seasonal weakness in equity markets may be linked to a confluence of factors: post-summer rebalancing by institutional investors, renewed macroeconomic uncertainty heading into the year-end, and traditionally lower trading volumes following the holiday period.

National indices not spared

Across Europe’s major country indices, the September effect is equally pronounced.

Germany’s DAX index has delivered an average return of -1.62% in September, second only to August in terms of weakness, with a winning rate of just 47%.

France’s CAC 40 fares similarly, averaging a 1.49% decline in September, its poorest month of the year, although it manages a slightly better 53% winning rate.

Italy’s FTSE MIB index, while averaging a flat 0% return in September over the long term, is currently on a streak of four consecutive negative Septembers.

10 European stocks suffer steepest September setbacks

At the individual stock level, several of Europe’s heavyweight names have demonstrated a persistent pattern of September underperformance, with average losses outpacing their monthly norms and, in many cases, marking September as the worst-performing month of the year.

Infineon (Germany): The semiconductor group has an average September loss of 6.13%, its weakest month historically. The stock has closed lower in four consecutive Septembers, with its worst drop of 52.34% occurring in 2001.

Vivendi (France): With a dismal 33% winning rate in September and an average loss of 4.07%, the French media firm experienced a record monthly drop of 66% in 2021.

Airbus (Netherlands/France): The aerospace giant has fallen in six straight Septembers, averaging a 4.01% decline. Its worst September came in 2001, with shares plunging 37.04%.

LVMH (France): Europe’s largest luxury group averages a 3.42% September drop, despite a marginally better 53% win rate. The worst September loss came in 2001, at -34.71%.

Société Générale (France): The French bank posts an average September return of -3.11%, with a 47% win rate. Its most severe drop was -40.38% in 1998.

Schneider Electric (France): The electrical equipment firm has an average September return of -2.16%, with its steepest fall of 34.43% occurring in 2001.

E.ON (Germany): The utility company averages a 2.18% September loss with a 43% winning rate. Its worst drop came in 2015, at -24.03%.

Deutsche Post AG (Germany): The logistics and courier group averages a 1.97% loss in September. It saw its sharpest monthly decline of -22.41% in 2002.

Kering (France): Another luxury player, Kering averages a 1.76% drop in September with a 43% win rate. The worst September came in 2002 (-23.35%), and the stock is currently on a four-year losing streak.

SAP (Germany): Europe’s largest software company averages a 1.6% September decline. A six-year streak of negative Septembers ended in 2024, though the stock once dropped 40.98% in the month back in 2002.

“So what?” Richard Martin, a US-based pan-Africanist, shot back on LinkedIn, dismissing another user who dared to call a trending speech of Burkina Faso’s military leader, Captain Ibrahim Traoré, by its real name: a deepfake.

It was the kind of fiery anti-imperialist speech delivered by Muammar Gaddafi at the United Nations in 2009. 

“You ask, ‘Why is Africa poor?’ That’s the wrong question,” Traoré tells the big news companies in crisp, accented English. “The real question is, how is Africa kept poor when it’s so rich?”

Patti Boulaye, a British-Nigerian singer and actress, shared it on LinkedIn, lending it an aura of authenticity. Many of the over 300 comments under her post on the social media platform echoed her conviction that the speech was real. Another sizable fraction recognised it as fake but embraced it anyway. Among those who raised concerns was London-based IT training consultant Andrian Moore, who was quickly pushed back by Richard: So what?

Undeterred by criticism, Patti, who, according to her LinkedIn bio, leads a fundraising effort to build healthcare clinics and a school in some African countries, posted yet another AI-generated speech.

“All I ask is that you do not throw away the baby with the bath water,” she wrote.

The new video shows the same man in his signature brownish camouflage, speaking on a global podium. Like the first, which was reposted over 250 times and received reactions from more than 1,300 users, the second video also went viral.

Captain Traoré seized power in Burkina Faso on September 30, 2022, citing military leader Paul-Henri Damiba’s failure to curb an escalating Islamic insurgency, and pledged to restore democracy within two years. But as the deadline approached, he extended his rule by five more years, cementing his place as president of the Francophone nation.

In office, Traoré has overseen notable agricultural and industrial initiatives, while also drawing international criticism. In May, Burkina Faso’s military was accused of killing at least 130 civilians in Solenzo, a town in the country’s west.

His rule has been marked by bold geopolitical shifts: withdrawing from the Economic Community of West African States (ECOWAS), forging a new alliance with other military-led neighbours, severing ties with France, and deepening relations with Russia.

A dictator loved by some and criticised by others across borders, Traoré’s complex personality made him a tool of choice in the deepfake videos now making the rounds in Africa.

Many of them hit the internet in May, attributed to Traoré and conveying similar messages – Africa, a historical victim of Western exploitation, must deliver itself. 

The videos appear to premiere on YouTube before spreading to social media platforms like TikTok, Facebook, and LinkedIn. The responses, from thousands of people, are often the same: tears, admiration, accolades, as well as scepticism. 

“This is not a simple speech, it’s rather a textbook of freedom for Africa,” one YouTube comment reads.

The numerous fact-checks that followed, proving the videos are synthetic, could not stop the people from believing them.

One, “President Ibrahim Traoré’s Bold Speech to the IMF Shocks the West,” has got close to 1.5 million YouTube views, while “Africa Will Not Kneel: Traoré’s UN Speech Shocks the West and Defies Neocolonial Power” has over 600,000. Now deleted by YouTube, “Pope Leo XIV Responds to Captain Ibrahim Traoré| A Message of Truth, Justice & Reconciliation” was streamed nearly a million times. Its description as “a work of fiction inspired by the life of IBRAHIM TRAORÉ” had little effect on the thousands who flooded the comment section.

“They sound like what leaders should say but seldom dare to,” Ghanaian strategic communicator Rifkin Dodo said of the moving speeches.

Yaw Kissi, a pan-African writer popular on LinkedIn, shares the same view: “When people hear voices, even artificial ones, boldly articulating what they’ve always felt but rarely heard echoed, it sparks something powerful.”

Where are they from?

Because of their anti-West rhetoric and pan-African posture, the biggest bet would be that these speeches originated in Africa itself. Yet an in-depth analysis of seven of them, collected from different YouTube channels, tells a different story.

The earliest uploads can be traced to three channels: Pan-African Dreams, Black Rebellion, and Univers Inspirant. The latter two were both created in March this year. Though Pan-African Dreams, which premiered the viral deepfake of the newly-inaugurated head of the Catholic Church, Pope Leo XIV, responding to Traoré, has since been deleted by YouTube, archived records show it shared the same “Welcome to …” opening line in its page description as the other two.

Labelled D1 through D7, metadata extracted from the three channels was subjected to forensic linguistic analysis, using advanced AI language models.

An analysis of authorship and voice, lexical patterns, and stylistic markers revealed overlaps suggesting the channels are from one source:

Black Rebellion and Univers Inspirant both joined YouTube…in March 2025, within 9 days of each other.

Pan-African Dreams shares the same “Welcome to …” channel intro formula despite deletion.

All seven videos were released within 10 days (May 15–24, 2025) — a compressed schedule suggesting a campaign roll-out rather than organic posting.

While Black Rebellion chose a different core style, Pan-African Dreams and Univers Inspirant share the same linguistic fingerprint in their video descriptions. In one instance, Black Rebellion merged the styles of the other two channels.

This pattern implies one production team testing multiple rhetorical frames (religious/spiritual, militant/anti-colonial, media-critique) to maximise resonance across audiences.

YouTube transcripts of two videos from Black Rebellion and Univers Inspirant were also subjected to a similar analysis:

The core linguistic fingerprint—the ideology, the confrontational pronoun strategy, the complete lack of filler words, the passionate tone, and the reliance on specific rhetorical patterns—is remarkably consistent across both texts.

The significant differences in structure, pacing, and lexical focus are best explained not by a change in author but by a deliberate and skilful adaptation to audience and medium.

The underlying idiolect is the same; only the presentational style has been modified to fit the specific context.

Surprisingly, Black Rebellion and Univers Inspirant are both located in France, prompting an AI model to conclude:

The timing, registration, style overlaps, disclaimers, and cross-channel duplication all strongly suggest that Pan-African Dreams, Black Rebellion, and Univers Inspirant are not independent outlets but rather part of a single coordinated network, seeded from France in March 2025, with the May videos representing a first major campaign wave.

Truths, lies, and half-truths 

Richard repeated the same statement many times under Patti’s post: It’s absolutely true. Like him, many embrace the AI speeches, convinced they contain undiluted truths about Africa. 

But a fact-check revealed a mix of accurate data, exaggerations, and popular opinions.

Take Captain Traoré’s age. Official records show he was born in 1988, making him 37 in 2025. Yet in one of the videos, he declares: “I am 34 years old.”

Misleading claims of 46 US military bases in Africa, and the unverifiable annual transfer of $500 billion to France by the African CFA franc bloc, among others, further erode the speeches’ credibility. 

But one cannot deny the compelling manner in which facts are presented, shining light on historical exploitation and suppression of pan-African voices. 

It’s true, for instance, that Africa is a “net creditor of the world,” receiving $134 billion in aid and losing $192 billion annually through illicit channels. It’s also true that citizens derive little benefit from resources taken from African soils.

“Africa has 70 per cent of the world’s cobalt,” one deepfake Traoré declares. The mineral powers cell phones, computers, and electric cars, but many Congolese, from whose soil it is mined, cannot afford these products.

A significant share of the world’s diamonds and gold comes from Africa. But several miners in those regions remain extremely poor.

“Africa does not owe you,” Traoré tells the International Monetary Fund (IMF) in another deepfake. “You owe Africa. You owe us for the gold taken under colonial boots. You owe us for the minerals that power your smartphones while our villages remain in darkness.”

Declassified documents and government inquiries have linked Belgium to the removal of Congo’s anti-imperialism leader Patrice Lumumba in 1960, which culminated in his murder. Thomas Sankara’s 1987 overthrow and assassination have also raised questions about France’s role.

“Lumumba spoke the truth and paid the price,” said Rifnikin. “Sankara challenged the system, and bullets followed. Leaders today remember these as if it was yesterday.

“AI speaks openly because it has nothing to lose and cannot be arrested, poisoned or assassinated. African leaders remain silent because they have everything to lose: power, comfort, and sometimes even their lives.”

Yet, as Yaw warns, the same technology that gives voice to suppressed truths also carries the risk of distortion when cloaked in the aura of charismatic leaders.

“Communities must be equipped to critically engage with these narratives, separating emotional resonance from factual accuracy, while leveraging the technology to reclaim our own stories,” he said.

To what end?

“What are the objectives of those who posted the video?” Adrian asked during our conversation. “Are we advancing this agenda by sharing it?” 

A closer look at the YouTube channels provided some answers. Mid-roll and interactive overlay ads, features tied to AdSense, Google’s monetisation programme, were embedded in the videos, suggesting that profit, not ideology, is at play.

While a ‘Join’ button and fan-funding features that could have confirmed channel monetisation are absent, further analysis indicates significant background, voice, and musical variations in videos that are substantially the same. This could be explained by the YouTube policy requiring that borrowed content be significantly altered to qualify for monetisation.

Black Rebellion (28,000+ subscribers and more than 2.5 million views) and Univers Inspirant (46,000+ subscribers and more than 6 million views) are likely generating revenue from disinformation targeting Africans. On Black Rebellion, only three of its 40 videos are not about Traoré, but they are still about Africa. Univers Inspirant hosts 112 videos; just six do not feature Traoré. Those six, produced in French, highlight the achievements of France’s past and present leaders, a divergence that hints at the channel’s possible origin.

While metadata alone does not conclusively prove that the channels were registered in France, as creators can obscure their real location, the French-language content, French name (Inspiring Universe in English), and page description in French reinforce the suspicion.

“Today, we have an inspiring message from Ibrahim Traoré,” said Adrian, who also told me his surprise at finding such a deepfake circulating on LinkedIn, shared by someone from whom one would ordinarily expect due diligence.

“Tomorrow, we could have Ibrahim Traoré promoting prejudice or justifying crimes, and it would be accepted, even acted upon, simply because it came in the voice of a visionary African leader.”

Africa has endured centuries of exploitation. Yet the ongoing weaponisation of her pain, packaged through deepfakes by individuals linked to a country that once colonised her, opens a new chapter in the history of human exploitation.

“Colonialism never ended,” says Traoré in one such deepfake. “It just changed its face.”

MOST holidaymakers love a tipple, and one destination in Europe has been crowned the best for boozy breaks.

The Telegraph declared Portugal to be the best destination for drinking as it’s not only “amongst the higher per capita drinkers of wine in the world, they also have some of the cheapest prices”.

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Weighing up the stats like annual alcohol consumption, cheapest capitals for pints and cities with the most bars per capita, Portugal came out on top.

In particular, the country landed in second place when it came to the annual consumption of wine – which was 52.3 litres per person.

Writer Lauren Clark who has relocated to Lisbon added that you can get a glass of wine “for the price of a UK coffee” in the country’s capital.

And the reason that wine is so affordable is because Portugal is covered in vineyards – around 4,700 of them.

Portugal is widely known for producing its very own Port wine in the Douro Valley.

It’s a sweet wine typically served with dessert, and has a high alcohol content usually ranging between 19 and 22 per cent.

When it comes to bagging affordable booze, Portugal’s capital, Lisbon, is especially well-known for it.

According to HikersBay, the price for a domestic beer in the city is €3 (£2.61) and a glass of wine at the table might set you back €5.50 (£4.78).

If anyone decides to pop into McDonald’s for a bite to eat, you can even order a can of Sagres beer to have with your burger and it’s priced just over €2 (£1.74).

Earlier this year, Drinks Merchants even revealed Portugal to be the cheapest place to buy a bottle of wine.

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The average bottle of wine is just £3.91 with the cheapest being as little as £2.53 – in the UK buying a bottle of wine in the supermarket averages £9.36.

You can regularly find cheap bottles of wine in Portugal for under €5 (£4.35) at the supermarket, including Esteva, Evel, and Porca de Murça.

Around the country, there are even attractions dedicated to telling the story of its alcohol production, in Porto, the World of Wine museum even holds free tastings.

The venue has seven museums, 12 restaurants, a bar and café, a wine school and shops.

The seven themed museums in the Wine Experience take guests on an “extraordinary journey from grape to bottle”.

And a new addition called the Pink Palace immerses visitors in the concept of rosé wine.

Time Out described World of Wine as ” basically a big theme park for those who like a tipple (or three)”.

A few years ago, Lisbon was named the best ‘party city’ in Europe thanks to its plentiful number of bars and pubs.

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One of the most famous in the capital is ‘Bar A Parodia’, one of the oldest cocktail bars in Lisbon which visitors have described as “a real treasure”.

Another unique bar in the city is well-known for its live shows and events – and it used to be a brothel.

The bar is called Pensão Amor and is found on one of Lisbon’s promenades and is tucked inside an 18th century building spanning across five floors.

It’s decorated with vintage posters from burlesque shows and punters can enjoy a drink on velvet sofas and armchairs.

It regularly holds events like burlesque presentations, themed parties and even poetry meetings.

Cocktails include a Pornstar Martini which is priced at €11 (£9.57).

Of course, Portuguese pubs and restaurants outside major tourist destinations like Lisbon, Porto, and the Algarve will be generally cheaper.

One example of this is Silves in Portugal that used to the be capital of the Algarve.

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Last year, it was revealed as being the most affordable spot in Portugal with the average price of a hotel was around £73, while a beer costs as little as £2.50.

Flights from the UK were under £50, on average – and it’s very pretty too with cobbled streets, cafes and independent shops selling handcrafted gifts and ceramics.

As for getting to Portugal, it’s not that expensive, Sun Travel found return flights to Lisbon from £38 in October – and the flight time is two hours 50 minutes.

A trip to Porto takes even less time at two hours 20 minutes – and you can fly directly from Bristol, Birmingham, Manchester, London and Edinburgh.

Plus, here’s more on an underrated Portuguese city an hour from Lisbon – and it’s known for its amazing wine.

And discover the secret side to Portugal crowned one of the best places in Europe to visit this year.

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Puy du Fou is the creator of award-winning history-themed destinations in France and Spain of the same name. Now plans have been unveiled to open a new park in the UK

One of Europe’s top-rated theme parks, which happens to have no rides, is planning a UK site.

Puy du Fou is the creator of award-winning history-themed destinations in France and Spain of the same name. It welcomes in 2.8 million visitors a year and shows them a good time not via the medium of rides, but through its historical attractions.

At its Toledo and Les Epesses bases, Puy du Fou puts on dozens of action-packed shows in which gladiators, Vikings, warriors from the Middle Ages, and many others besides clash swords, ride horses, and set off pyrotechnics. The two sites are often rated as among the best theme parks in the world, delivering as they do a history-spanning live-action role-player’s dream.

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Now, Puy du Fou has unveiled plans to move to the UK. It has submitted an outline planning application to Cherwell District Council for a £600 million park near Bicester, which is best known for housing a discount fashion retail park beloved by Chinese tourists.

If approved, the new park will open in phases beginning in 2029. By the time the park is fully developed it will directly employ around 2,000 people, support a further 6,000 jobs in hotels, restaurants, suppliers and other local businesses, and deliver a £500m a year boost to the local and regional economy, Puy du Fou has claimed in a press release.

The firm predicts it will welcome in 1.47 million visitors a year when everything is fully up and running. It will take ten years from the planned opening date of 2030 for the whole park to be finished, tripling the initial expected annual ticket sales of 550,000 by the end of the first decade.

On offer will be a “beautiful, wooded park with stunning landscaped gardens” that will allow visitors to “immerse themselves in British history by visiting four period villages and 13 live shows. There will also be three hotels, each themed to different periods in British history, and a state-of-the-art conference centre, which will be open on demand all year round.”

Olivier Strebelle, CEO of Puy du Fou, said: “We have only submitted these plans after an extensive consultation, which took over a year and included six in-person events and over 250 individual meetings, all of which have helped to shape our final proposals. We did not rush our consultation because we wanted to get our proposals right.

“We have wanted to come to the UK for many years. Britain has such a rich, colourful and exciting history, and the site we have chosen near Bicester is the ideal location to create a world-class destination that will bring that history to life.

“This will be a £600 million investment in the local economy over the next ten years and will create thousands of jobs, but it will also have the environment and sustainability at its heart.”

The proposals also include extensive landscaping and planting, with new ponds, lakes and gardens, as well as over 5 km of new hedgerows, 40 acres of biodiverse and species-rich wildflower meadows, and 20,000 new trees being planted to join with the existing woodland to create the first new 50-acre forest in Cherwell.

More information can be found on the project website. Puy du Fou was established in France in 1978, and was joined by a second destination in Toledo, Spain in 2021. The two parks have won 25 global awards in the last five years.

The region on the southeast coast of Italy is renowned for its extensive coastline, picturesque whitewashed villages and exceptional food and wine – all enjoyable in 20C autumn temperatures

If you’re yearning for the warmth of the sun on your face even in autumn, there’s a hidden gem in Italy that offers sandy beaches, crystal clear seas and breathtaking beauty in abundance.

Puglia, located on Italy’s southeast coast, is famed for its sprawling coastline, charming whitewashed villages and exquisite food and wine. Beyond the bustling summer season, it becomes an idyllic spot to find uncrowded beaches where the azure waters of the Adriatic Sea meet the Ionian Sea.

With temperatures lingering in the mid-20s in September, and fewer tourists around, this romantic and authentically Italian destination is perfect for those seeking ‘la dolce vita’.

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As a whole, Puglia is a lesser-known destination, offering a more relaxed and friendly atmosphere than some of Italy’s more tourist-heavy areas. Sprinkled with picturesque medieval towns, visitors flock here to wander down ancient streets and immerse themselves in the region’s rich history.

One standout attraction is the Roman city of Lecce, often dubbed the ‘Florence of the South’. This Baroque wonder is brimming with stunning architecture and traditional Italian piazzas.

Polignano a Mare, perched atop limestone cliffs overlooking the Valle d’Itria coast, is another magnet for tourists. Visitors are drawn to its winding old town streets, panoramic wine-sipping terraces and stunning beaches with crystal-clear blue waters.

Even after summer has faded, sun seekers can still enjoy an authentic Italian beach holiday along the region’s breathtaking coastline. Whether it’s the pristine white sands and turquoise waters of Torre dell’Orso and Punta Prosciutto or the untouched beauty of Porto Selvaggio, seaside adventures abound.

In fact, one beach in this tranquil corner of Italy is so revered it’s been christened the ‘Maldives of Puglia. ‘ Pecoluse, with its fine white sands and mesmerising blue sea, is a year-round paradise.

Autumn is also an ideal time for a boat trip on the serene seas around Italy’s ‘heel’. Away from the shore, sailors can marvel at the stunning views of ancient villages like Monopoli, Taranto, Otranto and Santa Maria di Leuca, reports the Express.

Puglia is also a key player in Italy’s wine scene, thanks to its Mediterranean climate and fertile soil. The region’s winemaking process blends tradition with innovation, producing some of Italy’s most acclaimed wines.

With the grape harvest taking place in September and October, there are ample opportunities for visitors to taste the delightful red and white wines that the region is renowned for.

Factory activity in the Eurozone expanded for the first time since mid-2022 due to domestic demand offseting the impact of U.S. tariffs.

However, mixed signals were reported over the Chinese economy, with one survey suggesting modest expansion, contradicting an official readout that showed activity continuing to shrink. Export powerhouses Japan, South Korea, and Taiwan all saw manufacturing activity shrink in August, underscoring the challenge Asia faces in weathering the hit from sharply higher trade barriers erected by U.S. President Donald Trump.

In Europe, Greece and Spain led factory growth, while manufacturing in Germany shrank at a slower pace. The HCOB Eurozone Manufacturing Purchasing Managers’ Index (PMI) rose to an over-three-year high of 50.7 in August from 49.8 in July.

However, the recovery is still fragile, with inventory levels continuing to decline and order backlogs dropping. Manufacturing in Germany rose to a 38-month high of 49.8, offering hope for the economy that shrank 0.3% last quarter on slowing demand from its top trading partner the U.S.

The EU and the U.S. struck a framework trade deal in late July, but only the baseline tariff of 15% has so far been implemented.

ASIA

The S&P Global Japan Manufacturing Purchasing Managers’ Index (PMI) and South Korea’s factory activity have both fallen for the seventh consecutive month due to higher US tariffs and competition from cheap Chinese exports.

Both countries have struck trade deals with the US, which have eased pressure on their export-reliant economies. This has led to a double-whammy for Asian economies, as they face higher tariffs and competition from cheap Chinese exports.

The RatingDog China General Manufacturing PMI unexpectedly rose to 50.5 in August, exceeding the 50-mark that separates growth from contraction. This contradicts an official survey that showed activity shrank for a fifth straight month due to weak domestic demand and uncertainty over Beijing’s trade deal with the US.

Trump extended his tariff truce with China for another 90 days, withholding imposition of three-digit duties until November 10. India, which grew at a much better-than-expected 7.8% in the last quarter, continues to be a significant outlier in the region, with manufacturing activity expanding at its fastest pace in over 17 years.

With information from Reuters

It can be hard to beat the crowds when it comes to Europe’s most popular destinations, however a travel vlogger has revealed that September is the perfect month to visit this much-loved country

A travel expert has revealed that September is the best time to visit this popular European destination if you’re looking to escape the crowds.

While many of Europe’s top destinations end up rammed during the summer months, September remains an underrated time for holidaymakers. With mild weather, fewer crowds and kids back in school, it can actually be the best way to experience a new place – regardless of whether you want to unwind or explore.

However, there is one European country in particular that is a must-see once the crowds die down, according to travel vlogger Clara Alessandria. In a TikTok video, Clara revealed that September is one of the best times to visit Italy. Not only is the weather easier to handle, but there are far fewer crowds.

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The TikTokker has lived in Italy for over 20 years and has made several guides allowing visitors to “travel like a local”, which means she has plenty of experience with the country’s tourism industry.

She explained: “[In September] the weather is still super warm, but not boiling hot like during summer, so you can visit cities and countryside without having to sweat all day long.” As an added bonus, she explains that the sea is also at its most pleasant as it has been “warming up all summer”.

Plus, it’s also a much quieter time to visit. She continued: “While you will find some tourists around, there will be nowhere near as many as in summer, which makes it a lot more enjoyable – especially for visiting touristy places.”

Many commenters were quick to confirm that September was an idyllic time to go. One wrote: “I can attest to this! I spent 3.5 weeks in Italy mid-September to early October and it was INCREDIBLE!!!!”

A second added: “Agree! September is such a great month for a feel-good Italian vacation.” A third even jokingly chastised her for spilling the “secret”. They wrote: “Noo, why did you say the secret, the first three months of summer are for tourists and September is for locals.”

If you’re wondering where in Italy to visit, there are plenty of popular options, including Rome, Florence and Sicily.

However, if you’re looking for somewhere a little more under the radar, a travel journalist recently revealed her favourite Italian holiday spot, as previously reported by The Mirror.

Writing in Business Insider, Kaitlyn Rosati, who has explored every region in Italy, said she considered the region of Basilicata to be “the country’s best-kept secret”.

The two foreign ministers presented their argument in the letter directed at EU foreign affairs chief Kaja Kallas. They contended that the EU should impose carefully planned sanctions on Israeli government ministers and settlers of the West Bank. In addition, they demanded simultaneously new sanctions against the Hamas leadership in Gaza. The letter was dated August 27. It called on the EU to act fast. The ministers emphasized that restrictions should be imposed on those people who will encourage illegal settlement activity. Moreover, they further cautioned that ministers who act against a two-state solution need to be held answerable.

The West Bank, which is left in a state of occupation, has seen Israelis perpetrating recurrent incursions against the Palestinians. Maria Malmer Stenergard, the Swedish Foreign Minister, has been talking about it for months. She has called for sanctions on far-right Israeli cabinet officials since May. A big number of them advocate apparent annexation of Palestinian territory. This was announced by Stenergard on Thursday in Swedish public radio:sanctions need to cause such ministers to face difficulties. Her words emphasize an augmented annoyance of the situation in Europe as Israel continues to advance settlements.

The Dutch standing too has become hard. But action was postponed by internal quibbling. Dutch Foreign Minister Caspar Veldkamp quit last week. He was unable to give national sanctions against Israel through his cabinet. He was recently superseded by Ruben Brekelmans, who co-signed the new letter.

The ministers went further. They insisted on cessation of the commercial part of the EU-Israel association deal. However, free trade in many areas such as agriculture and industry is allowed in this agreement. Falling victim to cutting off this benefit would cost Israel extremely economically. Over the years, opponents have claimed that Israel cannot be provided with preferential trade access as it continues to expand settlements on the occupied territory. Conserving this, the Swedish and Dutch ministers now want to make that argument into policy.

In the letter, the focus is not solely on Israel. The EU foreign services are required to present additional propositions to pressurize Hamas. The organization already managing the Gaza Strip is declared as a terrorist organization by the EU and a few of the Western states.

Nevertheless, the ministers insist there is still a need for further sanctions. They are worried that Hamas continues being an important factor in the struggle. They would like to add an additional stress layer by attacking the political hierarchy of Hamas.

Furthermore, the position adopted by Pakistan is unambiguous. Pakistan identifies with the entire community of states that champion humanity, justice, and long-term peace. The foreign policy has stood firmly behind the Palestinian cause, and the country has made numerous demands for a fair and peaceful resolution of the conflict. It is the country’s position that all countries should respect international law as well as humanitarianism. Besides, to assert this is the moral duty of the world community to act firmly for the innocent civilians that are being killed and starved.

The appeal of Pakistan to the EU to act immediately and in unison is by itself essential. It is said to be essential to this move to prevent constantly recurring atrocities and implement international humanitarian law. Pakistan also sincerely requests the EU to follow the appeal concerted by Sweden and the Netherlands. The era of contemplation is over; the call to act is on.

The timing of the letter is not random. There was an official announcement of famine in Gaza by the United Nations on Friday. The UN accuses Israel of what it terms systematic defiance on the facilitation of aid. The crisis is the result of over 22 months of war that led to considerable loss of civilian lives and the destruction of many properties.

The humanitarian catastrophe has brought the appeal for more forceful steps in Europe. It has been said that assistance cannot be delivered to the needy without pressure on Israel by the politicians. Others think that the strategies of Hamas also extend the suffering.

The problem this time will be brought to the EU foreign ministers on Saturday. Proposals will be debated there by the member states. The extent to which Sweden and the Netherlands will collect support is not certain. There are those governments in the EU that like conservative diplomacy. Others fear that quotas might carve up relationships with Israel or with the United States. Yet momentum is building. Notably, the urgency has been introduced through the famine declaration.

In the EU, Sweden and the Netherlands have frequently been active participants in Middle East debates. Their last move indicates that they are ready to go to greater extremes. Accountability of settlement expansion, in the case of Stenergard, is the question. In the case of Brekelmans, it is the policies of Israel as well as the activities of Hamas.

The way they did things reflects a broader European trend. Greater information is frustrating governments that the peace process is not forthcoming. Settlement expansion is seen by many as the greatest barrier to a two-state solution. It is also claimed by others that diplomacy is compromised by the constant attacks by Hamas.

Despite these cries, the EU has internal cracks. Such nations as Germany and Hungary have always feared sanctioning Israel. France and Spain have assumed more hardline stances, but they are also wary of trade measures. Getting consensus will not come easy.

Nevertheless, the Swedish Akademisk holändsk Bulletin is a telling sign. The pressure on Israel no longer remains a fringe concept in the EU. It is entering into mainstream debate. This is in the wake of United States and Israel negotiations on post-war Gaza. Washington has called on restraint, yet it is on the side of Israel militarily. On the same day, Tel Aviv reported that a complete evacuation of Gaza City is inevitable. These trends make EU decisions more important. The sanctions would become a landmark should they be passed. The Israeli settlement policy has received many criticisms from the EU, but very few measures have been taken by the body. The most powerful thing that could be done, however, is to suspend the trade deal.

The Netherlands and Sweden have gone bold. Their open letter to Kaja Kallas asks to target sanctions against violent settlers and monopolist Israeli ministers. It also requires additional actions against the political leadership of Hamas. Also, they desire that the EU-Israel trade agreement be suspended.

The proposals come at a time when Gaza struggles with famine and when the war will turn 23 months old. The EU foreign ministers meeting in Copenhagen will debate the issue. The result may remodel the policy of Europe in the Middle East. Somehow the sanctions may pass or not pass, but one thing is evident. Increasing pressure is within the EU. The humanitarian crisis and the continuing conflict are moving governments to action. With the strikes by Sweden and the Netherlands, the issue of sanctions now rests squarely on the European stage.

Background / Context
The 2015 Iran nuclear deal between Tehran and six world powers curbed Iran’s nuclear activities in exchange for sanctions relief. The agreement has largely unraveled since the U.S. withdrawal in 2018, and with key provisions set to expire on Oct. 18, France, Britain and Germany ,the so-called E3,  have warned they may trigger the reimposition, or “snapback,” of U.N. sanctions unless Iran resumes compliance.

What Happened
Senior Iranian and E3 officials are scheduled to meet in Geneva on Tuesday.

The E3 have set conditions: a resumption of inspections by the International Atomic Energy Agency (IAEA), accounting for Iran’s stockpile of enriched uranium, and renewed diplomatic engagement.

They have said they will decide by the end of August whether to revive sanctions, though a short extension remains possible if Iran shows progress.

The talks come after U.S. and Israeli strikes in June destroyed or damaged Iranian enrichment sites. Iran has since barred IAEA inspectors, citing safety concerns, and the status of its uranium stockpile remains unclear.

Why It Matters
The outcome could determine whether Iran faces the return of broad U.N. sanctions, deepening its economic isolation, or whether limited diplomacy revives the stalled nuclear framework. Western officials fear Tehran is edging closer to weapons-grade enrichment. Iran, while denying it seeks a bomb, had enriched uranium to 60% and held enough stock for several potential weapons before the strikes.

Stakeholder Reactions

E3 official: “We are going to see whether the Iranians are credible about an extension or whether they are messing us around. We want to see whether they have made any progress on the conditions we set.”

Iranian official: “Due to the damage to our nuclear sites, we need to agree on a new plan with the agency and we’ve conveyed that to IAEA officials.”

Western diplomats: Privately suspect Tehran is buying time and dragging talks out.

Tehran: Warned of a “harsh response” if sanctions are reimposed.

IAEA: Says it cannot confirm Iran’s program is peaceful, but has no credible indication of a coordinated weapons effort.

What’s Next
The Geneva talks will test whether Iran is prepared to resume inspections and engage diplomatically or risk a snapback of sanctions before the Oct. 18 deadline. The E3 are expected to decide by the end of this week whether to move forward with sanctions, grant a short extension, or continue talks.

With information from Reuters.

MAJOR budget airline Ryanair could be returning to a European airport that it recently axed flights to after 20 years.

Ryanair recently scrapped all of itswinter flights to Bergerac Dordogne Périgord Airport in France following rising airline taxes in the country.

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The small town in the southwest of France is known for its historic charm, with an old town full of half-timbered buildings.

Ryanair made the announcement back in June, where it also scrapped winter flights to other French destinations including Brive and Strasbourg.

Since the announcement, the president of the Dordogne Chamber of Commerce and Industry (CCI), who represent the airport, has shared with The Connexion that the airline is likely to return to the airport in summer 2026.

Following the news, French media began to speculate that it could result in the closing of Bergerac Airport.

President of the CCI, Christophe Fauvel, told the publication that this could not be the case.

He explained: “We have to understand that Ryanair only announced the suspension of its London Stansted service during the winter months.

“Our traffic is very seasonal, with the majority of our passengers flying between April and October.”

He added that the route’s winter suspension would only impact around 18,000 passengers and that the airport is planning to carry out works on the runway between January and February at the airport anyway.

He then confirmed that “at the present moment, everything suggests that Ryanair will be at Bergerac for the summer of 2026″.

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The president continued to explain how it is the economic sector that is concerned about the airport’s future, particularly because Bergerac Airport generates between €60million (£51.8million) and €100million (£86.3million) each year for the region.

As a consequence, if the airport was forced to close, some of the surrounding areas such as Dordogne, south of Gironde, some of Lot-et-Garonne and also Lot, would be impacted.

In addition, the French region has a long-standing relationship with the UK, with many Brits choosing to live in the area as well as having direct flights since 2003.

The president assured that he is confident this key link will continue in the future, despite Ryanair cancelling winter flights.

In regard to other airlines, a few have eyed up creating a route between the UK and the French region including Vueling and Volotea.

Ryanair currently runs flights from several UK airports to Bergerac, including Bournemouth, Bristol, East Midlands, Liverpool, Edinburgh and London Stansted.

British Airways also operates flights to the airport from London City and Southampton and Jet2 has flights from Leeds Bradford Airport and Manchester.

These airlines dominate routes to and from the airport, with the only other routes coming from Rotterdam with airline Transavia and Brussels Charleroi with Ryanair.

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Bergerac is a pretty town to explore, including the Musée de Tabac, which tells the history of tobacco and a popular spot that shows the region’s wines – Maison des Vins.

Narrow cobbled streets and a bustling main square make the town the ideal spot for a quieter French holiday in comparison to popular city spots like Paris.

And there are a number of river cruises in the region too, down the Dordogne river.

The town is also around an hour and 20 minutes from Bordeaux and two and half hours from Toulouse.

Sun Travel has contacted Ryanair for comment.

There is also a little-known French town that’s been likened to Cornwall with riverfront cottages and new UK flights.

Plus, there is a French town that looks more like Italy – with Roman buildings and huge music festival.

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As investors digested the news of a potential rate cut from the United States’ Federal Reserve in the coming months, European markets saw a correction on Monday morning. Benchmark stock indexes dipped into negative territory except for the FTSE 100, which remained closed because of a bank holiday in the UK. 

The Dax in Frankfurt lost 0.4% soon after the opening, the CAC 40 in Paris dipped by 0.6%, the Madrid IBEX 35 was down by more than 0.4% and the European benchmark STOXX 600 decreased by 0.3% after 10.00 CEST. 

At the same time, the euro was slightly down against the US dollar, with the exchange rate at 1.1707.

Turning to market outliers, Danish energy company Orsted shares saw its shares fall to a record low, losing more than 17% of their value in Copenhagen. This came after the US administration halted the company’s offshore wind farm construction project called Revolution Wind on Friday, raising alarm among the company’s investors.

Meanwhile, JDE Peet’s shares soared more than 17% on the news that Keurig Dr Pepper would buy the Dutch coffee company in a €15.7 billion deal.

Asian trade followed US rally

The movements followed a cheerful trading session in Asia, where shares advanced on Monday, tracking Wall Street’s rally after the head of the Federal Reserve hinted that interest rate cuts may be on the way.

Fed chair Jerome Powell said on Friday at an annual conference in Jackson Hole, Wyoming, that he is aware of risks to the labour market — which could prompt faster rate cuts.

A surprisingly weak report on job growth this month has led many traders to expect a cut as soon as the Fed’s next meeting in September, after months of pressure from US President Donald Trump for lower rates.

Hong Kong’s Hang Seng index jumped 1.9% by the close, and the Shanghai Composite index surged 1.5%. The latter is trading at its highest level in a decade, despite worries over higher tariffs on exports to the United States under Trump and weak domestic demand at home.

Tokyo’s Nikkei 225 gained 0.4%, and the Kospi in South Korea climbed 1.3%. 

“Asia is set to rally in catch-up mode, feeding off Wall Street’s Friday rebound after Powell cracked the door open to rate cuts,” Stephen Innes of SPI Asset Management said in a commentary.

In other dealings on Monday morning, US benchmark crude oil gained 0.4% and was traded at $63.92 per barrel at around 11.00 CEST, while Brent crude, the international standard, added 0.25% to $67.39 per barrel.

The US dollar rose to 147.24 Japanese yen from 146.88 yen. 

Gold prices inched lower, by 0.2% to $3,410 an ounce. 

What to look out for this week

Nvidia’s earnings report, due on Wednesday after markets on Wall Street close, is a key focus of attention this week.

The firm’s role as a key supplier of chips for artificial intelligence, along with its heavy weighting, give it outsized influence as a bellwether for the broader market.

In Europe, inflation figures from France, Germany, Italy and other key European countries will be released on Friday.

ATHENS — The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international postal services to pause shipping to the U.S. as they await more clarity on the rule.

The exemption, known as the “de minimis” exemption, allows packages worth less than $800 to come into the U.S. duty-free. A total of 1.36 billion packages were sent in 2024 under this exemption, for goods worth $64.6 billion, according to data from the U.S. Customs and Border Patrol Agency.

It is set to expire Friday. On Saturday, postal services around Europe announced that they are suspending the shipment of many packages to the United States amid confusion over new import duties.

Postal services in Germany, Denmark, Sweden and Italy said they will stop shipping most merchandise to the U.S. effective immediately. France and Austria will follow Monday.

The U.K.’s Royal Mail said it would halt shipments to the U.S. on Tuesday to allow time for those packages to arrive before duties kick in. Items originating in the U.K. worth over $100 — including gifts to friends and family — will incur a 10% duty, it said.

“Key questions remain unresolved, particularly regarding how and by whom customs duties will be collected in the future, what additional data will be required, and how the data transmission to the U.S. Customs and Border Protection will be carried out,” DHL, the largest shipping provider in Europe, said in a statement.

The company said that starting Saturday it “will no longer be able to accept and transport parcels and postal items containing goods from business customers destined for the U.S.”

A trade framework agreed on by the U.S. and the European Union last month set a 15% tariff on the vast majority of products shipped from the EU. Packages under $800 will now also be subject to the tariff.

The U.S. duty-free exemption for goods originating from China ended in May as part of the Trump administration’s efforts to curb American shoppers from ordering low-value Chinese goods. The exemption is being extended to shipments from around the world.

Many European postal services say they are pausing deliveries now because they cannot guarantee the goods will enter the U.S. before Aug. 29. They cite ambiguity about what kind of goods are covered by the new rules, and the lack of time to process their implications.

Postnord, the Nordic logistics company, and Italy’s postal service announced similar suspensions effective Saturday.

“In the absence of different instructions from US authorities … Poste Italiane will be forced, like other European postal operators, to temporarily suspend acceptance of all shipments containing goods destined for the United States, starting August 23. Mail shipments not containing merchandise will continue to be accepted,” Poste Italiane said in a statement Friday.

Shipping by services such as DHL Express remains possible, it added.

Bjorn Bergman, head of PostNord’s Group Brand and Communication, said the pause was “unfortunate but necessary to ensure full compliance of the newly implemented rules.”

In the Netherlands, PostNL spokesperson Wout Witteveen said the Trump administration is pressing ahead with the new duties despite U.S. authorities lacking a system to collect them. He said that PostNL is working closely with its U.S. counterparts to find a solution.

“If you have something to send to America, you should do it today,” Witteveen told the Associated Press.

Austrian Post, Austria’s leading logistics and postal service provider, stated that the last acceptance of commercial shipments to the U.S., including Puerto Rico, will take place Tuesday.

France’s national postal service, La Poste, said the U.S. did not provide full details or allow enough time for the French postal service to prepare for new customs procedures.

″Despite discussions with U.S. customs services, no time was provided to postal operators to re-organize and assure the necessary computer updates to conform to the new rules,″ it said in a statement.

PostEurop, an association of 51 European public postal operators, said that if no solution can be found by Aug. 29, all its members will probably follow suit.

Nellas and Anderson write for the Associated Press and reported from Athens and New York, respectively. AP writers Angela Charlton in Paris; Costas Kantouris in Thessaloniki, Greece; Stephanie Lichtenstein in Vienna; Brian Melley in London and Molly Quell in Amsterdam contributed to this report.

Caspar Veldkamp and other ministers step down after cabinet rejects sanctions against Israel, prompting broader political upheaval.

Dutch Foreign Minister Caspar Veldkamp has resigned after failing to secure cabinet support for additional sanctions against Israel over its military onslaught in Gaza.

Veldkamp, a member of the centre-right New Social Contract party, said on Friday that he could not achieve agreement on “meaningful measures” and had repeatedly faced resistance from colleagues over sanctions already in place.

His efforts included imposing entry bans on far-right Israeli ministers, Bezalel Smotrich and Itamar Ben-Gvir, citing their role in inciting settler violence against Palestinians.

Veldkamp also revoked three export permits for navy ship components, warning of “deteriorating conditions” in Gaza and the “risk of undesirable end use”.

“I also see what is happening on the ground in Gaza, the attack on Gaza City, and what is happening in the West Bank, the building decision for the disputed settlement E1, and East Jerusalem,” Veldkamp told reporters.

His departure leaves the Netherlands without a foreign minister as the European Union navigates security guarantees for Ukraine and continues talks with the United States over tariffs.

Following his resignation, all New Social Contract ministers and state secretaries confirmed their support for Veldkamp and resigned from the caretaker government in solidarity.

Al Jazeera’s Step Vaessen, reporting from Berlin on developments in the Netherlands, said Veldkamp was “under increasing pressure from lawmakers in parliament, especially from the opposition who have been requesting stricter sanctions against Israel”.

While Veldkamp had announced travel bans for two Israeli ministers a few weeks ago, Vaessen said the foreign minister was facing growing demands after Israel’s attacks on Gaza City and the “increasing aggression” that the Dutch government “should be doing more”.

“Veldkamp has also been pushing for a suspension of the trade agreement that the EU has with Israel,” Vaessen added, noting that the Dutch foreign minister had “increasingly become frustrated because Germany was blocking that. So there was also this push from the Dutch parliament that the Netherlands shouldn’t wait anymore for any European sanctions but should put sanctions on Israel alone.”

Europe-Israel relations

Despite limited Dutch sanctions on Israel, the country continues to support the supply chain of Israel’s F-35 fighter jet.

Research from the Palestinian Youth Movement shared with Al Jazeera in June shows that ships carrying F-35 components frequently dock at the port of Rotterdam, operated by Danish shipping company Maersk.

The F-35 jets have been used by Israel in air strikes on Gaza, which have left much of the Strip in ruins and contributed to the deaths of more than 62,000 people since October 2023.

Earlier this week, the Netherlands joined 20 other nations in condemning Israel’s approval of a large West Bank settlement expansion, calling it “unacceptable and contrary to international law”.

Meanwhile, Israel’s military attacks on Gaza continue, forcing civilians from Gaza City southwards amid mounting famine. A global hunger monitor confirmed on Friday that residents of Gaza City and surrounding areas are officially facing famine conditions.

No successor to Veldkamp has been announced. The caretaker Dutch government, which has been in place since the collapse of the previous coalition on June 3, is expected to remain until a new coalition is formed following elections in October, a process that could take months.

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Leading European stock markets reflected a cautiously positive sentiment on Friday as investors watched for progress on Ukraine peace talks and awaited a speech from US Federal Reserve chair Jerome Powell. He will speak on Friday at Jackson Hole, where central bankers gather for their annual meeting. 

Markets also digested details of an EU-US trade truce and better-than-expected business activity data, announced on Thursday.

Despite the news that the German economy shrank more than initially estimated in the second quarter, the German DAX changed direction and made up its earlier losses, gaining around 0.1% after 11.00 CEST.

The FTSE 100, though trading in negative territory all morning, also followed suit and changed course, gaining a few points by late morning.

The Paris CAC 40 was up 0.2%, the Madrid IBEX 35 rose by 0.4%, and the European benchmark STOXX 600 increased by 0.2%. 

As for the London blue chip index, the early morning slight dip appeared to be just a small correction. “The FTSE 100 saw a subdued start on Friday after achieving a record close above 9,300 yesterday,” said AJ Bell investment analyst Dan Coatsworth in his note.

Investors are focusing on the message Federal Reserve chair Jerome Powell might deliver at the Jackson Hole summit in Wyoming.

“Investors had been expecting a rate cut from the Fed next month so if Powell were to say anything suggesting rates might be kept on hold, it could see stocks come under greater pressure,” said Coatsworth. He added that robust PMI data from the US on Thursday pointed to a strong economy, potentially reducing the chances of the Fed lowering borrowing costs.

A cut in interest rates would be the first of the year and it would give asset prices and the economy a boost — but it could also risk worsening inflation.

The Fed has been hesitant to cut interest rates this year out of fear that President Donald Trump’s tariffs could push inflation higher, but a surprisingly weak report on employment growth earlier this month suddenly shifted focus towards the job market. Trump, meanwhile, has forcefully pushed for cuts to interest rates, directing fierce criticism towards Powell.

US markets closed in a gloomy mood

On Wall Street on Thursday, the S&P 500 slipped 0.4% to 6,370.17, continuing a gradual decline since a record on 14 August. The Dow Jones Industrial Average dropped 0.3% to 44,875.50, and the Nasdaq composite fell 0.3% to 21,100.31.

In other dealings early on Friday, the US dollar rose to 148.48 Japanese yen, from 148.37 yen. The euro slipped to $1.1590 from $1.1606.

Meanwhile, oil prices fell by midday in Europe; the US benchmark crude lost 0.2% and was traded at $63.38 per barrel. Brent crude, the international standard, also was down by 0.2% at $67.52 per barrel.

Oil prices moved higher yesterday, “as the initial enthusiasm over progress towards a ceasefire between Russia and Ukraine continues to fade”, said ING in a note. Expectations of increased global uncertainty are driven by the difficulties of setting up a Putin-Zelensky summit and securing potential security guarantees for Ukraine.

Asian markets were also mixed on Friday

Asian shares were also mixed on Friday. In Tokyo, the Nikkei 225 rose less than 0.1% to 42,633.29 after Japan’s core inflation rate slowed to 3.1% in July, from 3.3% in June.

ING Economics said in a note that price pressures were broadly in line with market consensus. Inflation staying above 3% raises the likelihood of a rate hike as soon as October, it said.

In Chinese markets, Hong Kong’s Hang Seng index rose 0.9% to 25,339.14. The Shanghai composite index climbed 1.5% to 3,825.76.

South Korea’s Kospi added 0.9% to 3,168.73. Australia’s S&P/ASX 200 fell 0.6% to 8,967.40 as traders sold to lock in gains after the benchmark surged to record highs in recent trading sessions.

You will be able to enjoy sunny weather by heading to one pretty European island in the autumn.

For those looking to escape the weather when we move towards autumn, there’s no need to venture too far.

Just off Africa’s north coast, Madeira offers a warm retreat for holidaymakers seeking the last of Europe’s balmy weather this year.

With a warm climate year-round, the temperature averages around 23C in October, with November temperatures often reaching a comfortable 22C.

Being less than four hours away by plane, the islands of the Madeira archipelago are a favourite destination for Brits throughout the year, and equally adored by Portuguese and German tourists.

Travel giant TUI suggests staying in the capital, Funchal, where you can enjoy a blend of colonial buildings, churches, and relaxed squares, reports the Express.

The old town’s narrow streets are brimming with wine bars and family-owned eateries, while the marina boasts cafes and top-notch seafood spots.

Funchal’s cable car whisks tourists up to the leafy suburb of Monte, home to stunning botanical gardens.

For a taste of Madeira’s heritage, don’t miss a ride on the wicker sledges from Monte back down to Livramento.

Designated workers physically push visitors down the hill, an exhilarating experience that many say is a must-do during any visit.

East of Funchal, you’ll find Canico De Baixo. This place is a blend of old and new, with an 18th-century church and town square at its heart, surrounded by modern boutique hotels and clifftop villas.

While soaking up the stunning views on this island, known as both the Floating Garden and Hawaii of the Atlantic, it’s essential to sample the world-renowned Madeira wine.

Madeira wine comes in four main styles, each offering a different level of sweetness. The sweetest of them all is Malvasia, followed by Bual, then Verdelho. The driest is Sercial.

There’s also a resurgence of Madeira made from a grape called Terrantez, which was nearly wiped out on the island. It’s said to have a sweetness level similar to Bual and Verdelho.

Aug. 21 (UPI) — Former fast-food executive Andrew Puzder officially became the U.S. ambassador to the European Union during a swearing-in ceremony on Wednesday at the White House.

Puzder, 75, swore his oath of office in the Oval Office with President Donald Trump in attendance.

A 13-second clip of the ceremony, posted online by Margo Martin, special assistant to Trump, shows Puzder with his hand on the bible reciting an oath read to him by Secretary of state Marco Rubio.

“Congratulations to our Ambassador to the European Union, @AndyPuzder!” The White House said on X, posting a picture from the ceremony.

The Senate confirmed Puzder’s nomination to the ambassadorship on Aug. 2 with a 53-44 vote.

An April certificate of competency for the Senate Committee on Foreign Relations describes Puzder as a “globally renowned business leader, political commentator, author, attorney and a retired chief executive officer.”

He is a distinguished visiting fellow at the Heritage Foundation, senior fellow at the America First Policy Institute and Pepperdine University’s School of Public Policy and a member of the Reagan Institute’s National Leadership Council.

“America just gained a superb EU Ambassador,” the right-wing think tank Heritage Foundation said on X.

Puzder also frequently delivers lectures on economic and policies at various associations and academic institutions.

He also has contributed expert commentary for The Wall Street Journal, National Review, RealClearPolitics and Fox News and has authored several books.

Puzder earned a bachelor’s from Cleveland State University and a juris doctorate from the Washington University School of Law.

“Mr. Puzder’s broad understanding of international economic development and decades of experience in a range of professional settings make him a well-qualified candidate to be the U.S. representative to the European Union,” according to the competency certificate.

It’s the second time that Trump nominated Puzder for an important position within his administration.

He initially was Trump’s Labor Department secretary nominee during the president’s first term in 2017, but he withdrew his consideration a day before his scheduled Senate confirmation hearing.

Puzder was subject to claims of alleged spousal abuse and employing a housekeeper who was not a legal “immigrant” when he withdrew his consideration.

His former wife denied the allegations against Puzder.

Puzder formerly was the chief executive officer of Carl’s Jr. and Hardee’s owner CKE Restaurants for 17 years and helped the fast food chain recover from its financial troubles.

European leaders are engaging in an unprecedented effort to sway United States President Donald Trump on Ukraine.

They are hoping to influence any deal with Russian President Vladimir Putin.

But what’s the status of the transatlantic alliance now? Is it a relationship of equals, or is Trump fully in charge?

Presenter: James Bays

Guests: 

Mark Storella – Professor of the practice of diplomacy at Boston University, former US ambassador and served as deputy chief of mission at the US Embassy in Brussels.

Jessica Berlin – Non-resident senior fellow at the Center for European Policy Analysis and founder of strategy consultancy CoStruct in Berlin.

Eldar Mamedov – Non-resident fellow at the Quincy Institute and a former Latvian diplomat who served in embassies in Washington, DC and Madrid.

The Danube is the second-longest river in Europe and has been a central part of the continent’s history for centuries, as well as being a popular spot for cruisers

A huge river that is one of the longest in the world and carves its way through 10 European countries. From the Black Forest to the Black Sea the river spans across continents as it spans more than 2,800km (1,740 miles).

The mighty Danube flows through Germany, Austria, Slovakia, Hungary, Croatia, Serbia, and Bulgaria. Its impressive length makes it Europe’s second-largest river, surpassed only by Russia’s Volga.

The Danube-Breg river system ranks as the 31st longest in the world, with the Nile, which crosses 11 countries, claiming the top spot ahead of South America’s Amazon River.

The Danube originates in the Black Forest in southern Germany, then flows southeast, ending in the Black Sea, on the border of Europe and Asia. It serves as a backdrop to four capital cities – Vienna, Bratislava, Budapest, and Belgrade – and its vast drainage basin extends into nine additional nations.

The river doesn’t merely flow through these capitals; it has played a crucial role in their development, offering a natural defence system and a reliable water supply that has fostered their growth over the years. As reported by the Times of India, the Danube has been a vital trade artery for Europe, reports the Express.

It connects to the Main-Danube Canal, linking goods to both the Rhine and the North Sea. This connection allows goods to traverse from the North Sea to the Black Sea via this expansive waterway.

The waterway also provides energy for households in Romania and Serbia through the Iron Gate Dam. It has additionally become a cultural icon thanks to Johann Strauss’s “The Blue Danube” waltz, which went on to inspire countless composers, poets and artists.

Throughout history the waterway served as a major frontier for the Roman Empire. Fortresses, strongholds and kingdoms sprang up along its shores over the centuries.

It has now developed into an economic powerhouse overseen by the Danube Commission. The body was established to provide nations with access and secure passage along the river’s channels.

Beyond being a commercial centre, the Danube has now gained popularity with cruise passengers. In a YouTube video, Mark Soberman from the Digitalroamads said: “Most often you’re talking seven to eight days overall.

“The Danube is the grand capitals route, you’ve got these incredible cities, Vienna, Budapest, Bratislava, and you’ve got these hidden gems as well.”

Mark says numerous travellers frequently encounter a tough choice between cruising the Rhine or the Danube. He explained: “The Rhine [has] castles, vineyards, little storybook towns, it’s a different experience.

“If you want the castles, vineyards, and want to pull straight up into town, that’s probably going to be the Rhine. But for other people, it’s like, ‘No, I want classic European cities like Budapest’, which is incredible to sail into, and Vienna, which has incredible architecture and things to see.”