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Jun 3, 2026

EU Deal Could Strip 80% of Delayed Passengers of Compensation Rights

Europe's airlines and its lawmakers are locked in a last-chance negotiation over flight delay compensation. The gap is just 90 minutes. But it would determine whether most passengers can ever claim.

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Business & Economy
Jun 3, 2026

Iran Walks Out of Ceasefire Talks. Oil Surges as Europe's Gas Stores Hit 30%.

Iran has suspended ceasefire negotiations with the US and threatened to fully close the Strait of Hormuz, sending oil prices surging 7% and raising the prospect of a second energy shock hitting Europe just as it needs to refill dangerously low gas reserves before winter.

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News & Analysis
Jun 3, 2026

EU Launches Cloud Sovereignty Rules and Chips Act 2.0 to Reduce Digital Dependence

The European Commission unveiled a sweeping legislative package on Wednesday to cut the EU's 80% dependence on American and Chinese digital infrastructure, restricting US cloud giants from sensitive government contracts and giving Brussels new emergency powers over global chip supplies.

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