money

Several tech executives and directors, including those at CrowdStrike, Dell, Palo Alto Networks, and Taiwan Semiconductor, made significant stock transactions—mostly sales except for the CEOs of Palo Alto Networks and Taiwan Semiconductor, who made notable purchases.

Three deals across three key regions : Mercosur, India and Australia.

ADVERTISEMENT

ADVERTISEMENT

While the Commission hailed the Australia agreement as a new geostrategic win, EU farmers continue to express deep discontent stemming from the Mercosur deal.

In practice, the backlash around the agreement with Argentina, Brazil, Paraguay and Uruguay has done little to shift the Commission’s dual approach in its negotiating line. On the one hand, the commission kept making concessions on entry-level or mid-range farm goods such as beef, while on the other hand, it pushed for market access for high value-added exports —like wine, Geographical Indications (GI) and cars— with mixed results.

“The EU has all the assets to be an agri-food power,” Luc Vernet, from the export-focused brussels think tank Farm Europe, told Euronews, adding: “We should develop a broader strategy beyond high value-added products, covering all sectors and all levels of quality, because the European model delivers exceptional quality not just in luxury products.”

Yet the opposition to the Latin America deal — which triggered a legal challenge suspending its ratification — crystallised among EU farmers over fears of unfair competition from meat imports.

The Mercosur agreement granted quotas of 99,000 tonnes of beef per year, 25,000 tonnes of pork and 188,000 tonnes of poultry. Despite conditions added to new quotas in the Australia deal, EU farmers complain of imports piling up across successive agreements.

Concessions made on beef

Over eight years of talks with Canberra—the world’s second-largest beef exporter—Australia pushed hard for greater access for beef and sheep meat. Tensions intensified in 2023, when negotiations broke down after the EU rejected Australia’s demand for 40,000 tonnes of beef per year, offering no more than 30,000 tonnes instead.

The final deal agreed Tuesday allows 30,600 tonnes of beef annually into the EU. For sheep and goat meat, Brussels accepted a 25,000-tonne duty-free quota, while sugar was limited to 35,000 tonnes of raw cane for refining and rice to 8,500 tonnes a year.

However, perhaps drawing lessons from Mercosur, Brussels imposed multiple conditions on the quotas. Beef imports, which will have to be from grass-fed cattle, will be phased in over 10 years, sheep meat over 7 years, and rice over 5 years. Sugar will also be subject to certification under a private sustainability scheme.

Safeguard clauses, allowing both sides to react to market disruption, will apply for seven years – but are extended for sensitive farm goods : 15 years for beef, 12 for sheep and 10 for rice.

But a farmers’ representative told Euronews there were serious doubts about the effectiveness of the safeguard mechanisms: “Our experience in general with safeguards is that they are extremely difficult to activate because the burden of the proof is on us, farmers.”

The offensive agenda of the Commission

By contrast, agriculture was far less contentious in the India negotiations, where New Delhi itself resisted opening its market due to domestic farm sensitivities, particularly in dairy. EU sensitive products were largely excluded.

But wine featured prominently on Brussels’ offensive agenda, with Indian tariffs cut from 150% to 20% for premium wines and 30% for mid-range products over seven years. Tariffs for cars will also fall from 110% to 10% but under a quota of 250,000 vehicles a year after a decade – by which point Chinese manufacturers have great chances to have strengthened their position.

In negotiations with Australia, the EU again sought greater access for its wine but encountered strong opposition from domestic producers. In the end, the deal protects more than 1,600 EU wine GIs, plus over 50 new ones from 12 member states.

On Prosecco, Australian producers will still be allowed to use the term domestically to designate a grey grape variety, provided it is linked to Australian GI, with Canberra agreeing to stop exporting such wines after 10 years.

The EU also secured protection for 165 agri-food GIs and 231 spirit drink GIs. But it failed to remove Australia’s luxury car tax, securing instead preferential treatment for EU electric vehicles. But Brussels won improved access to critical raw materials – a key EU demand, that may have lead to more concessions on meat.

Published on
27/03/2026 – 17:47 GMT+1

EU lawmakers have overcome a key political hurdle in the negotiations of digital euro, making the project closer to approval, according to a draft text seen by Euronews.

ADVERTISEMENT

ADVERTISEMENT

The Parliamentary rapporteurs involved in the legislation have found an agreement on the design of the digital euro, which will be able to function both online and offline.

The digital euro would be an electronic form of cash issued by the European Central Bank, designed to sit alongside banknotes and the payments services offered by commercial banks.

It has taken on new political weight as economic tensions between the EU and the US sharpen the debate over Europe’s reliance on American payment giants, such as Visa and Mastercard.

Under the European Commission’s proposal, digital euro users would have a wallet for both online and offline payments, with transactions designed so they are not trackable.

The situation in Parliament changed on Wednesday evening, when the centre-right politician Fernando Navarrete, who is the leading rapporteur on the file, announced the withdrawal of his position to reduce the scope of the digital euro to offline use only.

His position blocked the advancement of negotiations for months, jeopardising the whole legislative process, according to three sources familiar with the negotiations.

The political deadlock has pushed EU leaders to accelerate progress on the digital euro. At the European Council meeting on 19 March, they set a goal to have the digital euro legislation approved by the end of 2026.

With the Council, representing EU countries, having already adopted its position, the European Parliament is now the only institution left to advance the law.

“Thanks to our amendments and firm stance, we have finally broken the political deadlock on the digital euro. The distinction between online and offline has been removed, and it is now established as a single payment system,” Pasquale Tridico, the rapporteur for The Left, told Euronews.

However, lawmakers still need to agree on two key aspects: the “hold limits” and the “compensation.”

The hold limits determine the maximum amount a user can store in a digital euro wallet, while compensation sets out a model for reimbursing commercial banks that provide digital euro services.

Although negotiations are not yet complete, the text is expected to be voted on in the Parliament’s economy committee before the summer, according to a source familiar with the matter.

Published on
27/03/2026 – 12:15 GMT+1

The EU approved a sweeping customs reform to handle growing trade volumes and streamline the application of its standards.

ADVERTISEMENT

ADVERTISEMENT

The agreement, which was reached on Thursday evening, introduces new tools to improve the collection of customs duties and increase controls on non-compliant or unsafe goods, without imposing excessive burdens for authorities and traders.

“Today’s agreement marks the greatest reform since the creation of the Customs Union in 1968”, Cypriot Finance Minister Makis Keravnos said in a statement following the adoption of the reform. “This modern toolbox will facilitate trade and ensure the proper collection of duties, in a simplified manner, and with the required legal certainty”, the minister added.

Customs management and trade have gained renewed urgency after trade volumes have sharply increased in the last years. Some €4.6 billion low-value items under €150 were imported to the EU in 2024, representing an average of 12 million parcels per day, according to European Commission data. That is a major increase from the €2.3 billion that entered in 2023 and €1.4 billion in 2022.

In addition, uncertainties over US tariffs, combined with new EU trade deals such as those with MERCOSUR and Australia, make this reform particularly timely.

EU customs data hub

The new rules foresee the creation of an EU customs data hub, which will be an online platform to facilitate the monitoring of trade flows without disrupting their smooth operation.

Businesses importing and exporting from the EU will only need to submit customs information on that single portal.

The hub, which will be operational for e-commerce from July 2028, will be managed by a new European Custom Authority, headquartered in Lille, France.

The Authority will oversee the EU customs by coordinating national offices and supporting them in the risk management. In particular, the Authority will analyse the import and export data to flag cargos that poses the highest risk for inspection.

The reform will also introduce simplified procedures for “trust and check traders” for transparent businesses that will not be subjected to active customs interventions.

For e-commerce operators that fail to comply with EU standards, it will be applied a new system of financial penalties.

The reform foresees a new EU handling fee for small parcels entering the EU starting November 2026, with the exact amount to be decided by the European Commission. From July to November, a temporary €3 tax will apply to all parcels under €150.

Singer-songwriter FKA twigs is suing her ex-boyfriend, actor Shia LaBeouf, claiming that he is trying to “silence” her from speaking out against sexual abuse through the use of an “unlawful” nondisclosure agreement.

The complaint, filed in Los Angeles Superior Court on Wednesday, seeks a court order to prohibit LeBeouf from enforcing sections of an NDA which Tahliah Barnett — the Grammy Award-winning singer’s legal name — says violates California law.

“Shia LaBeouf has tried to control Tahliah Barnett for the better part of a decade,” the filing states.

“This action was taken in response to Mr. LaBeouf’s attempt to bully and intimidate twigs through a frivolous and unlawful secret arbitration he filed against her in December in which he sought to extract money from her,” said the singer’s attorney Mathew Rosengart, national co-chair of media & entertainment litigation at Greenberg Traurig in Century City, in a statement.

Rosengart added that twigs “refuses to be bullied anymore. She is instead standing up for herself and other survivors of sexual abuse who have improperly been silenced. This is the unusual case that is not about money but about justice and upholding and enforcing California law and policy designed to protect survivors by nullifying illegal NDAs.”

LaBeouf’s attorney Shawn Holley of Kinsella Holley Iser Kump Steinsapir denied the claims.

“When Ms. Barnett and Mr. LaBeouf both decided to resolve their differences and move on with their lives, no one forced her or ‘bullied’ her to stay silent,” Holley said in a statement.
“As a woman with agency, she decided to settle the case and accepted money to dismiss her lawsuit.”

The suit arises out of litigation that Barnett brought against LaBeouf in 2020, when she accused the actor of “physical, sexual, and mental abuse” during their relationship,” as well as “knowingly infect[ing]” Barnett with a sexually transmitted disease.” That case was settled last year.

In a response to the suit, the actor told the New York Times that “many of these allegations are not true.”

But he added, “I am not in the position to defend any of my actions. I owe these women the opportunity to air their statements publicly and accept accountability for those things I have done.”

In the statement Thursday, Holley added that the claim of sexual battery “was disputed, as were the other claims made in Ms. Barnett’s lawsuit.”

Shia LaBeouf poses for photographers upon arrival at the premiere of the film “The Phoenician Scheme” at the 78th annual Cannes Film Festival May 18, 2025.

(Lewis Joly / Invision / AP)

According to the new lawsuit, LaBeouf filed a secret arbitration complaint and “improperly sought exorbitant monies” from Barnett last December, claiming she had breached their agreement by violating its nondisclosure provisions after she gave an interview to the Hollywood Reporter in October.

In the interview, Barnett was asked if she felt safe and answered that as a woman of color in the entertainment industry, she “wouldn’t feel safe” and discussed her involvement with organizations that support survivors, saying, “I think it’s less about me at this point and more about looking forward. Just, you know, moving on with my life.”

The agreement Barnett reached with LaBeouf “contained a deficient and unlawful NDA that is unenforceable,” under California’s Stand Together Against Non-Disclosure Act, according to the complaint. The law forbids NDAs from being used to silence victims of sexual misconduct.

“As the California Legislature has made clear, survivors should have the right to tell their stories without fear or coercion, and California law does not and must not allow abusers and bullies to silence them through secret agreements containing unconscionable, unlawful gag orders,” the complaint states.

The lawsuit further alleges that while LaBeouf has sought to prohibit Barnett from talking about her abuse, he has “repeatedly brought up his relationship with Ms. Barnett—on his own and without being directly asked about her—materially breaching the very confidentiality provisions that he had just contended were fully enforceable against Ms. Barnett.”

While the actor agreed to drop the arbitration in February, he has “refused to acknowledge, however, that the NDA provisions are illegal and unenforceable,” the filing states.

The latest round in LaBeouf’s legal battle with Barnett comes just weeks after a New Orleans judge ordered the actor to begin substance abuse treatment and undergo weekly drug testing after he was arrested on suspicion of assaulting two men in the city’s French Quarter. LaBeouf was also required to post $100,000 bond as part of the conditions of his release. He was charged with two counts of simple battery, the Associated Press reported.

North America’s small- and mid-cap industrial sector is entering a new phase of recalibration, as investors weigh resilient demand against uneven near-term upside, according to a March 26 report from J.P. Morgan.

In a sweeping review of 26 companies across

Yields on government debt across European countries and the United States have been rising since the start of the Iran war.

ADVERTISEMENT

ADVERTISEMENT

Investors are demanding higher yields as confidence in the global economy has cratered due to the severe negative impact of the conflict on energy markets, supply chains and Middle Eastern infrastructure.

The 2-year notes, sensitive to near-term rate expectations, have risen faster than their 10-year counterparts in a classic bear-flattening move, while longer-dated yields reflect worries over the economic drag caused by more expensive energy.

Speaking to Euronews, BCA Research’s Chief Fixed Income Strategist, Robert Timper, explained that “the aggressive bear flattening of yield curves reflects a hawkish monetary policy repricing in response to inflation fears stemming from the Iran war”.

“The front-end [2-year yields] is more sensitive to changes in monetary policy and has therefore risen more than the long-end [10-year yields] in response to investors’ anticipation of more hawkish central bank policy,” Timper added.

Historically, this specific curve behaviour often precedes an inverted yield curve, which is a well-recognised indicator of a potential economic recession.

European bonds bear the brunt of the sell-off

The repricing has been most pronounced in Europe, with the UK bond market feeling the biggest pressure.

Since the start of the conflict, the 10-year UK gilt yield has risen from 4.2% to a high of over 5% while the 2-year note yield jumped from 3.5% to a peak of 4.6%.

Timper explained to Euronews that past inflation experience has proved decisive, stating that “rate hikes in the UK are more likely than elsewhere because inflation has been more elevated than elsewhere, and the risk of inflation expectations unanchoring is therefore higher.”

On Wednesday, AJ Bell’s investment director Russ Mould highlighted the UK-specific implications in a detailed press release, noting that the 10-year gilt yield is hovering near 5% for only the third time since 2008 while the 2-year gilt yield comfortably exceeds the Bank of England base rate.

Mould also explained that the gap between the 10-year gilt yield and the FTSE 100 dividend yield has widened to more than one-and-a-half percentage points, making UK equities relatively less attractive.

Elsewhere in Europe, bond yields experienced similar surges.

Germany’s 10-year bund yield increased from 2.65% to around 3%, nearing 15-year highs, while the 2-year note yield climbed from roughly 2% to 2.65%.

In France, the 10-year OAT yield jumped from 3.2% to above 3.7%, approaching 17-year peaks, while the 2-year note yield has risen from 2.1% to over 2.8%.

As for Italy, the 10-year BTP yield was at around 3.3% before the Iran war and has now surpassed 3.9%, approaching two-year highs, while the 2-year note yield has increased from roughly 2.15% to 3%.

In every single one of these bond markets, the yield on the 2-year notes has risen faster than their 10-year counterparts.

The 30 and 20-year bond yields are also all trading higher which denotes deteriorating confidence in the long-term growth prospect of the respective European economies.

US Treasuries face comparable headwinds

Across the Atlantic, US Treasuries have followed a similar trajectory, though the sell-off has been less severe than in the UK for example.

The 10-year note yield has risen from around 3.9% to a peak of 4.4%, reached on Monday, and is currently trading at 4.37%.

Meanwhile, the 2-year note yield increased from 3.35% to a high of over 4%, and it is hovering 3.9% at the time of writing.

The yields on both notes have hit an 8-month high.

Timper’s analysis places US bond performance close to that of the euro area, reflecting broadly comparable inflation histories and policy outlooks. There is scant evidence of investors fleeing European bonds for US Treasuries as a safe-haven trade.

Speaking to Euronews, Timper explained that such shifting flows would be more visible in currency markets as the US dollar benefits from being the predominant denominator for energy exports.

For now the message from bond markets on either side of the Atlantic is consistent, the Middle East conflict has rewritten the near-term outlook for inflation, monetary policy and borrowing costs.

EU lawmakers on Thursday approved the EU-US trade deal struck in Turnberry, Scotland, in 2025, while attaching a set of conditions to the agreement.

ADVERTISEMENT

ADVERTISEMENT

A broad majority of political groups backed the deal, which cuts EU tariffs on most US industrial goods to zero, with 417 votes in favour, 154 against, and 71 abstentions.

The European Commission and Washington had pushed for the deal’s implementation, but MEPs delayed backing it until last week amid tensions over Greenland and fresh US trade investigations that raised fears Washington could undermine the deal with new tariffs.

Initially criticized by MEPs as unbalanced and defended by the Commission as the best possible outcome, the deal sets US tariffs on EU goods at 15%, while the EU eliminates duties on most US industrial products.

MEPs introduced safeguards to rebalance the pact in the event of future threats from US President Donald Trump or violations by the United States.

“Of course, that’s imbalanced, but if we could improve it, maybe we can live with it,” Socialist German MEP Bernd Lange said ahead of the vote.

The European Parliament will now work with EU member states to find a common position and enable the tariff cuts, with the attached safeguards expected to be the main point of contention.

These include a “sunset clause” under which the deal expires in March 2028 unless both sides agree to extend it. It also includes a “sunrise clause” which would make tariff preferences conditional to the US respecting its Turnberry commitments.

Lawmakers moved to shield the deal from fresh US tariffs after the Supreme Court struck down 2025 US tariffs in February, prompting the White House to impose new duties on EU goods and launch an investigation into alleged unfair trade practices that could lead to further tariffs.

MEPs also linked the tariff cuts on steel and aluminium to equivalent actions by the US.

Published on
25/03/2026 – 15:39 GMT+1

Lille will host the European Custom Authority, a new decentralised agency tasked with supporting and coordinating national customs administrations across the bloc.

ADVERTISEMENT

ADVERTISEMENT

The decision was made on Wednesday in Brussels, after EU lawmakers from the European Parliament and the Council of the EU voted on the matter in three rounds.

“France is one of Europe’s leading customs nations, [considering] one in three parcels entering the EU passes through French territory,” Dutch MEP Dirk Gotink, rapporteur on the customs reform, said in a press statement.

“Lille’s strategic location at the crossroads of Europe makes it the natural hub for this authority,” the EU lawmaker continued.

Italy, with Rome as its candidate, was the runner-up in the voting rounds.

Other contenders included Belgium with Liège, Croatia with Zagreb, the Netherlands with The Hague, Poland with Warsaw, Portugal with Porto, Romania with Bucharest, and Spain with Málaga.

Customs management and trade have taken on renewed urgency after former US President Donald Trump imposed sweeping tariffs shortly after taking office.

Amid growing global trade uncertainty, the EU has stepped up engagement with international partners. This week, it signed a new agreement with Australia, while the EU–Mercosur deal is set to apply provisionally from 1 April.

The establishment of the new authority is part of the overall reform of the EU customs framework, with key negotiations expected to take place on Thursday.

The reform also aims to tackle the rising pressure from increased trade flows, fragmented national systems and the rapid rise of e-commerce.

The agency is expected to be set up in 2026 and could become operational in 2028 according to a draft schedule which is still be subject to significant changes.