The day opened with a retreat from military escalation and a quick repricing of risk. Europe then supplied the reminder that borders, heat and power grids can overwhelm tidy market stories in hours.

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Wildfire in Oostrum nature reserve
Destroyed 21 hectares of forest as the wildfire in De Rosmolen nature reserve continues to expand, keeping 66 firefighting units active and train services disrupted.

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European Union · Updated 31m ago

Brussels vs capitals: EU integration

The request for an urgent European Parliament debate on Italy's Schengen move indicates a further escalation of the political and institutional response to the unilateral action.

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