Policy
Germany rejects proposed €159 billion cut to EU budget plan
Ireland proposed reducing the 2028–2034 budget by around 8 per cent while protecting agriculture and regional funding.
European Headline: news from across Europe
Europe
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UK plans legislation to ease non-compete restrictions
The government has not detailed the scope of the changes, which could include a ban on clauses restricting workers from joining competitors.
Policy
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EU criticises US sanctions against International Criminal Court
The Netherlands has requested preparations for an EU legal instrument that could bar European firms from following the US sanctions.
Business
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Rhenus plans up to 14 terminals to link Asia with European network
A proposed hub in Kazakhstan’s Aktau would connect sea, rail and road transport, with additional annual capacity of at least 150,000 TEU.
Markets
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Schneider Electric shares fall more than 9 per cent after PTC deal
The French group has agreed to buy PTC for US$22.6 billion in cash and expects to finance the acquisition with debt and new shares.
Economy
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Europe could face gas shortfall of up to 15 per cent in severe winter
EU gas stores were 72 per cent full on 1 October, against 83 per cent a year earlier, as operators warned of risks from restricted LNG supplies.
Tech & Startups
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TODAY raises €2.8 million to expand AI tools for financial advisers
The seed round was jointly led by High-Tech Gründerfonds and Insurtech Gateway. More than 3,500 advisers in the DACH region use the platform.
Travel & Culture
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Virgin previews trains for planned 2030 cross-Channel launch
A deal with Alstom covers 12 high-speed trains, while a maintenance agreement gives Virgin access to a London depot.
