Europe bulletin: markets slip, UK-EU defense rift, Wingtech escalates chip dispute
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Europe’s news cycle is stacked with market jitters, political standoffs, and rising geopolitical pressure.
The FTSE 100 is set to snap its winning streak despite a late-month lift from energy stocks.
In Brussels, UK–EU defense talks have unraveled over costs and access.
Washington and Kyiv are preparing for fresh peace negotiations as the war in Ukraine grinds on. And in the Netherlands, Wingtech’s battle over chipmaker Nexperia has now reached the country’s highest court.
FTSE stalls after winning run
The UK’s FTSE 100 looks like it’s about to break its four-month winning streak, heading for its first monthly dip in five months.
Even so, it did manage a small uptick on November 28, mostly thanks to energy stocks getting a lift as oil prices climbed, partly because of all the uncertainty around potential Russia-Ukraine peace talks.
Overall, though, the index is still down for the month, even after the government’s recent budget announcement that focused on cutting the deficit.
A few bright spots showed up: chemical stocks saw some decent gains, while luxury and hospitality names were a bit all over the place.
UK–EU defense talks collapse
Britain’s talks to join the EU’s huge €150 billion SAFE defense fund have basically fallen apart.
The main sticking points? Money and access. The UK didn’t want to pay the multibillion-euro entry fee Brussels was asking for, and it also wanted its defense companies to have more than the usual 35% access that non-EU countries get.
The EU wasn’t willing to budge on either issue.
Minister Nick Thomas-Symonds said it’s disappointing, but not the end of the world: UK defense firms can still apply for projects under the current third-country rules.
Meanwhile, the European Commission says the door is still open if Britain wants to revisit talks later.
US–Ukraine peace talks ahead
President Volodymyr Zelenskyy says Ukraine and the US are gearing up for a new round of talks on potential peace plans to finally bring an end to the war with Russia, a conflict that’s getting close to four years long now.
In a video address, he explained that top officials from Ukraine’s military, foreign ministry, and intelligence services will sit down with American representatives for the discussions.
These talks come after the US made some revisions to its earlier peace framework, a 28-point proposal that had been shaped partly by Russian input.
The updated version reportedly trims things down and focuses more directly on the biggest sticking points, like territory and whether Ukraine eventually joins NATO.
Zelenskyy also stressed that any major decisions will ultimately involve direct conversations with President Trump.
All of this is happening while Ukraine faces pressure on the battlefield and as separate diplomatic efforts continue in places like Geneva and Abu Dhabi.
Wingtech fights Nexperia takeover
China’s Wingtech Technology is taking its fight over Nexperia all the way to the Netherlands’ Supreme Court.
The company is challenging earlier rulings that essentially stripped it of control over the semiconductor maker.
The whole dispute blew up in late September, when the Dutch government stepped in and took oversight of Nexperia, saying it was worried that sensitive chip technology might end up in China, especially with the US tightening export rules.
Things escalated quickly. On October 1, Amsterdam’s Enterprise Court suspended Nexperia’s CEO, Xuezheng Zhang, and handed control of the company’s shares to a Dutch trustee.
That move came after some European Nexperia managers accused the company of being mismanaged.
The post Europe bulletin: markets slip, UK-EU defense rift, Wingtech escalates chip dispute appeared first on Invezz
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Europe bulletin: markets slip, UK-EU defense rift, Wingtech escalates chip dispute
Share:
Europe’s news cycle is stacked with market jitters, political standoffs, and rising geopolitical pressure.
The FTSE 100 is set to snap its winning streak despite a late-month lift from energy stocks.
In Brussels, UK–EU defense talks have unraveled over costs and access.
Washington and Kyiv are preparing for fresh peace negotiations as the war in Ukraine grinds on. And in the Netherlands, Wingtech’s battle over chipmaker Nexperia has now reached the country’s highest court.
FTSE stalls after winning run
The UK’s FTSE 100 looks like it’s about to break its four-month winning streak, heading for its first monthly dip in five months.
Even so, it did manage a small uptick on November 28, mostly thanks to energy stocks getting a lift as oil prices climbed, partly because of all the uncertainty around potential Russia-Ukraine peace talks.
Overall, though, the index is still down for the month, even after the government’s recent budget announcement that focused on cutting the deficit.
A few bright spots showed up: chemical stocks saw some decent gains, while luxury and hospitality names were a bit all over the place.
UK–EU defense talks collapse
Britain’s talks to join the EU’s huge €150 billion SAFE defense fund have basically fallen apart.
The main sticking points? Money and access. The UK didn’t want to pay the multibillion-euro entry fee Brussels was asking for, and it also wanted its defense companies to have more than the usual 35% access that non-EU countries get.
The EU wasn’t willing to budge on either issue.
Minister Nick Thomas-Symonds said it’s disappointing, but not the end of the world: UK defense firms can still apply for projects under the current third-country rules.
Meanwhile, the European Commission says the door is still open if Britain wants to revisit talks later.
US–Ukraine peace talks ahead
President Volodymyr Zelenskyy says Ukraine and the US are gearing up for a new round of talks on potential peace plans to finally bring an end to the war with Russia, a conflict that’s getting close to four years long now.
In a video address, he explained that top officials from Ukraine’s military, foreign ministry, and intelligence services will sit down with American representatives for the discussions.
These talks come after the US made some revisions to its earlier peace framework, a 28-point proposal that had been shaped partly by Russian input.
The updated version reportedly trims things down and focuses more directly on the biggest sticking points, like territory and whether Ukraine eventually joins NATO.
Zelenskyy also stressed that any major decisions will ultimately involve direct conversations with President Trump.
All of this is happening while Ukraine faces pressure on the battlefield and as separate diplomatic efforts continue in places like Geneva and Abu Dhabi.
Wingtech fights Nexperia takeover
China’s Wingtech Technology is taking its fight over Nexperia all the way to the Netherlands’ Supreme Court.
The company is challenging earlier rulings that essentially stripped it of control over the semiconductor maker.
The whole dispute blew up in late September, when the Dutch government stepped in and took oversight of Nexperia, saying it was worried that sensitive chip technology might end up in China, especially with the US tightening export rules.
Things escalated quickly. On October 1, Amsterdam’s Enterprise Court suspended Nexperia’s CEO, Xuezheng Zhang, and handed control of the company’s shares to a Dutch trustee.
That move came after some European Nexperia managers accused the company of being mismanaged.
The post Europe bulletin: markets slip, UK-EU defense rift, Wingtech escalates chip dispute appeared first on Invezz
In This News
Coins
$ 1.71
+0.10%$ 0.161
-1.18%$ 0.00...854
+0.16%$ 0.0000206
Share:
In This News
Coins
$ 1.71
+0.10%$ 0.161
-1.18%$ 0.00...854
+0.16%$ 0.0000206
Share:
Read More
Wall Street close: Nasdaq extends rally to five days as markets eye Fed rate cut