EU
European industry is edging towards expanding again
Europe’s flash PMIs for May suggest manufacturing is stabilising and slowly improving while services ease gradually
EUFrench role in EU nuclear defence will be limited
Macron has suggested that France’s nuclear weapons should now assume a European dimension amid growing insecurity
FranceEU AI Act will be a key global reference point
The EU's AI Act has been officially endorsed by member states
EUEU Palestinian recognition will have limited impact
Ireland, Spain and Norway are the latest European countries to announce their recognition of a Palestinian state
IrelandNorth Macedonia will clash with EU and neighbours
The right’s likely takeover of power risks derailing the country’s EU membership process
North MacedoniaEU and UK rules on financial trading will diverge
As risks rise, EU and UK legislation on derivatives trading and alternative investment funds is also expanding
InternationalEU budget shrinkage forecasts may come under pressure
The European Commission predicts very modest GDP growth, markedly lower inflation, and quite marked budget austerity
EUArmenia will avoid severing ties with Russia
Relations with Moscow continue to deteriorate, with Yerevan asking for Russian troops to leave several bases
Armenia
