European Union
EU Postpones Anti-Deforestation Law Implementation by One Year
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The European Union has decided to delay the enforcement of its landmark anti-deforestation law by an additional year, pushing the start date to late 2025 or beyond. This announcement, made by EU Environment Commissioner Virginijus Sinkevicius, comes amid mounting pressure from global suppliers and concerns over supply chain disruptions. The move aims to provide more time for businesses to comply with the stringent regulations designed to curb deforestation linked to EU imports.
Egypt's Al-Sisi arrives in Brussels for first EU-Egypt summit
Egyptian President Abdel Fattah Al-Sisi arrived in Brussels on Tuesday for the first-ever EU-Egypt summit, aimed at deepening the strategic and comprehensive partnership between the two sides. The summit, set for Wednesday, October 22, will focus on economic cooperation and regional challenges. It marks the culmination of the partnership launched in Cairo in March 2024.
RN reverses position on anti-immigration text in European Parliament
The Rassemblement National (RN) group in the European Parliament has made an unexpected reversal on a text aimed at combating irregular immigration. Initially opposed, the party ultimately chose to abstain during the vote. This decision surprises amid political tensions in France and Europe.
Eu education fair set for November 21-22
For the first time, Latvia, Romania and Slovakia have joined the roster of European Union member states, offering Filipino students wider opportunities. Learners exploring higher education in the EU will attend the European Higher Education Fair at Midtown Atrium in Robinsons Manila from November 21 to 22. Online sessions are scheduled for November 24.
Spain Revises 2024 Economic Growth Upward to 3.5 Percent
Spain's national statistics institute has revised its estimate for the country's 2024 economic growth to 3.5 percent, citing stronger-than-expected performance in key sectors. This upward adjustment reflects robust domestic consumption and tourism recovery, signaling optimism amid broader European economic challenges. The revision comes as policymakers grapple with inflation and global uncertainties.
Lagarde addresses euro's international role at EU parliament hearing
European Central Bank President Christine Lagarde spoke before the European Parliament's Committee on Economic and Monetary Affairs on October 6, 2025, highlighting the euro area's economic resilience amid global uncertainties. She outlined growth and inflation projections while emphasizing the need to strengthen the euro's global standing. Lagarde called for reforms to enhance Europe's economic foundations and geopolitical position.
BBVA president willing to maintain lawsuit against government
Carlos Torres, BBVA's president, is inclined to proceed with the lawsuit against the Spanish government for interventionism, even after the OPA on Banco Sabadell failed. He argues that the Council of Ministers' decision on June 24 is not in accordance with the law and constitutes an overreach on principle. Sources close to the matter confirm his stance, though no final decision has been made.