India and Europe hope to strike the “mother of all deals” when European Union (EU) chiefs meet Prime Minister Narendra Modi in New Delhi next week, as the two economic behemoths seek to forge closer ties. Facing challenges from China and the United States, India and the European Union have been negotiating a massive free trade pact — and talks, first launched about two decades ago, are nearing the finishing line. “We are on the cusp of a historic trade agreement,” European Commission President Ursula von der Leyen said this week. Von der Leyen and European Council president Antonio Costa will attend Republic Day celebrations on Monday before an EU-India summit on Tuesday, where they hope to shake hands on the accord. Securing a pact, described by India’s Commerce Minister Piyush Goyal as “the mother of all deals”, would be a major win for Brussels and New Delhi as both seek to open up new markets in the face of US tariffs and Chinese export controls. But officials have been eager to stress there is more to it...
Icy temperatures plunged swathes of Europe into a second day of travel chaos on Tuesday, with weather-related accidents causing six deaths from the continent’s bitterest cold snap this winter so far. Five of those deaths since the mercury dropped on Monday were in France alone, while a woman died in Bosnia as heavy snow and rain sparked floods and power outages across the Balkans. Paris’s two airports, Roissy-Charles de Gaulle and Orly, were to cancel many flights early Wednesday to allow ground crews to clear snow from runways and de-ice planes. Forty percent of flights at Charles de Gaulle were to be scrapped, and 25 per cent at Orly. A person gathers snow following a short snow shower in Parliament Square, in London, Britain on January 6, 2026. —Reuters In Britain, the mercury plunged to -12.5C overnight Monday-Tuesday in Norfolk, eastern England, while temperatures below -10C across the Netherlands brought trains to a standstill on Tuesday morning. “Last night was the coldest night of the winter so far,” ...
As MiCA enters its implementation phase, uneven enforcement across the EU is reigniting debate over whether crypto supervision should move from national regulators to ESMA. Europe’s crypto regulatory framework is entering a new phase of scrutiny as policymakers weigh whether enforcement of the Markets in Crypto-Assets (MiCA) regulation should remain with national authorities or be centralized under the European Securities and Markets Authority (ESMA). MiCA, which came largely into force at the beginning of 2025, was designed to create a unified rulebook for crypto-asset service providers across the European Union. But as implementation progresses, disparities between member states are becoming harder to ignore. Some regulators have approved dozens of licenses, while others have issued only a handful, prompting concerns about inconsistent supervision and regulatory arbitrage. Read more