European Union

On Sunday, Brussels bowed to demands from across the Atlantic. Some call it a strategic blunder. Others say it’s a clever bluff.

With just one week to go until the U.S. deadline of August 1, European policymakers are finalising retaliation measures that could place transatlantic relations under severe strain.

Luxembourg, long seen as the administrative engine of Europe’s fund industry, has evolved into a strategic global hub, with U.S. asset managers leading the charge. Firms like Blackrock, Invesco, and JPMorgan are anchoring cross-border operations in the Grand Duchy, turning it into a launchpad for global growth and highlighting America’s dominant role in shaping Europe’s financial future.

Washington’s revived protectionism is putting fresh pressure on the Federal Reserve. Investors are once again bracing for trade disruption, rising inflation, and slower U.S. growth. For now, Asia is taking the first hit.

The EU’s plan for a Savings and Investment Union risks falling flat unless it completes the banking union first, warns Amundi’s Mahmood Pradhan.

A powerful coalition of European financial trade associations has urged the European Commission not to adopt a U.S.-style trading framework under its flagship Savings and Investments Union (SIU) initiative.

Amundi, Europe’s biggest asset manager, is calling on investors to reassess their global asset allocation in light of deep structural changes in the world economy, with its top investment leaders highlighting Europe’s growing role as a safe and opportunity-rich destination.

Luxembourg’s Prime Minister Luc Frieden has urged European leaders to cut regulatory complexity and mobilize private capital to address the continent’s economic and security challenges, arguing that excessive bureaucracy is stifling investment.

Around 60 million Germans are eligible to vote in Sunday’s national parliamentary elections. For decades, German elections have been predictable and uneventful, but this time, much more is at stake—far beyond just the composition of the Bundestag.

The European Union is preparing its next wave of financial sector reforms, and 2025 could mark a turning point.