Payments

PMQs: Badenoch makes Starmer squirm on welfare
The Tory leader made the most of Labour’s gear changes on winter fuel eligibility and the two child benefit cap — but answers from Keir Starmer were lacking.

White House to pull nomination of Musk ally for top NASA job

Brits back BNPL regulation for flexible payment options

Countries face losing out on billions with EU set to reject Covid recovery fund extension

Britain’s defeated Tory MPs struggle to adjust to civilian life

Greece shuts down agency at center of probe into massive EU farm fraud
France risks running out of cash for social spending, auditors say
Court of Auditors warned that a “liquidity crisis” could impact benefits payments as soon as 2027.
Starmer U-turns on winter fuel payments
Any change to the controversial policy is likely to come at the next U.K. budget this fall.
Keep some cash under your mattress, says Dutch central bank
Keep €70 per adult and €30 per child in hard currency in case of emergencies, the Bank advised.
EU to Africa: No more free cash
The European Commission wants to strengthen the link between foreign aid and domestic priorities like energy and migration.
UK bets on Aussie-style pension revamp to boost ailing economy
Britain is trying to replicate Australia’s “super” pensions to boost the ailing economy. But time isn’t on Chancellor Rachel Reeves’ side.
EU farm boss tries to lock in wins ahead of difficult budget talks
European lawmakers and environmentalists also warn that slashing red tape might do more harm than good to farmers having to cope with climate change.
EU farm plan: More cash for disaster relief and looser green rules
Proposals to slash red tape risk clashing with earlier recommendations to make farming more resilient.
PMQs: Badenoch misses open goal on India trade deal
The Tory leader opted not to press her party’s attacks on the British-India trade deal and instead attacked Keir Starmer on winter fuel and net zero.
What we do (and don’t) know about the UK-India trade deal
From tariffs to visas and services, we talk through the key concessions in the long-awaited agreement, as well as the big unanswered questions.
UK and India clinch trade deal after three years of talks
It’s the most valuable trade deal the U.K. has struck since Brexit — but a migration row is already in flow.
Britain’s shrinking fraud watchdog
Political forces — from Trump’s deprioritization of bribery to Britain’s dash for growth — mean the Serious Fraud Office is in a fight for relevance.
99 percent of Spain’s power supply restored after blackout, authorities say
Prime Minister Pedro Sánchez is set to meet the National Security Council as Spain seeks to figure out what happened.
Freak disappearance of electricity triggered power cut, says Spain PM Sánchez
“This has never happened before,” said Sánchez, warning it may take longer than expected to restore power.
Power cut leaves card users in the lurch in Spain, Portugal
Despite the dash for cash, Spain’s core settlement infrastructure continues to operate normally, says the Bank of Spain.
India blinks on visas to pave way for UK trade deal
The new rules will lead to around 100 new visas for Indian workers each year, a U.K. official told POLITICO.
Longtime US allies say they have ways to fight back against Trump, and they’ll use them
Plans are being drawn up and, as one EU diplomat said, “We’ll take decisions to protect ourselves.”
The big unanswered questions from Keir Starmer’s British Steel takeover
How far is Labour willing to go to prop up Britain’s struggling industries? And will it be enough to see off the Farage threat?
Shootings, debt and political paralysis show Brussels is falling apart
Losing €4 million a day and without a government, Belgium’s capital is in desperate need of leadership.
Keir Starmer’s massive majority brings problems of its own
Labour seems unified in public, but a division is emerging between MPs representing what they see as its core voters, and those from towns the party is newly courting.
Huawei corruption probe: 8 charged
Three suspects are now under electronic surveillance, two were released under conditions and three remain in prison.
Huawei, Forum Europe staff face Belgian court hearings over corruption charges
Three Huawei employees and a managing director from Brussels conference organizer Forum Europe were represented in court.
We needed something more concrete on Huawei, says EU anti-fraud chief
OLAF chief Ville Itälä defends his agency’s handling of a tip on Huawei, now under investigation in Belgium.
Farm fight erupts over Brussels budget shake-up
As budget hawks eye the EU’s farm billions, Agriculture Commissioner Christophe Hansen and the agri world are digging in to defend the status quo.
Why five judges could blow a hole in Labour’s economic plans
Banks would be able to afford a possible £30 billion bill if the Supreme Court finds them guilty of paying hidden commissions. But Britain’s economy may not.