Today's essential intelligence covering international developments and European affairs. Today's international developments span multiple important areas. Today's european developments span multiple important areas.

Today's essential intelligence covering international developments and European affairs. Risk-On Records, But Breadth Thins
Wall Street’s rally rolled on: the S&P 500 posted a fourth consecutive all-time high at 5,580, yet fewer than 40 % of its members closed green—classic late-cycle divergence (WSJ). Capital Buffers: When To Pounce
Euro-area supervisors quietly blessed new counter-cyclical capital buffer (CCyB) hikes—0.

L'intelligence essenziale di oggi copre gli sviluppi internazionali e la prospettiva europea. Catena di fornitura sotto stress
Secondo WEG SA (Bloomberg, 24/7), «alcuni clienti stanno congelando progetti da 15-20 anni» per via di nuove tariffe su componenti industriali. Finanza verde: la microtassa che cambia prospettiva
A pochi passi dalla COP30 di Belém, il fondatore di Neutral Project rilancia su Le Monde un’idea che mi sembra più leva che balzello: applicare una microtassa dello 0,05 % sulle transazioni finanziarie globali per creare un fondo climatico automatico.

Today's essential intelligence covering international developments and European affairs. Markets & Manufacturing Chill
Brazil’s industrial bell-wether WEG warns that clients are shelving multiyear turbine and generator orders after “tariff volleys” linked to US-China and EU-Mercosur disputes; the firm’s H2 pipeline is already down 12 % year-on-year (Bloomberg). EU Nano-Therapies Score €5.

L'intelligence essenziale di oggi copre gli sviluppi internazionali e la prospettiva europea. Tassi giù sotto il Tropico
L’inflazione sudafricana è scesa al 4,4 % annuo a giugno (SARB), ben entro il target 3-6 %. Madrid senza bussola fiscale
Il ministero spagnolo dell’Economia ha posticipato la preparazione dei conti 2026: niente “techo de gasto” e niente traiettoria di deficit, bloccati dalle faide fra PSOE e partner minori.

Today's essential intelligence covering international developments and European affairs. Global Trade: Brussels Turns the Screws
The European Commission floated a 15 percent “baseline tariff” in the mooted EU-US pact—triple today’s average duty—and tied cuts to Washington dropping its green-tech subsidies (WSJ, FT). Madrid Budget Paralysis
Spain’s treasury missed its own 23 July deadline to set the 2026 spending cap, freezing the budget pipeline for the second consecutive year (El País).

L'intelligence essenziale di oggi copre gli sviluppi internazionali e la prospettiva europea. Washington stringe le viti sull’export di cervelli
Il Dipartimento di Stato indaga sul programma “Visiting Scholars” di Harvard (Bloomberg, 23/7). Tregua doganale, sprint in Borsa
Ue e Usa trattano un’aliquota unica del 15 % sui dazi – modello Giappone – che taglierebbe drasticamente l’attuale 25 % sull’auto.

Today's essential intelligence covering international developments and European affairs. Trade Truce 2. Transatlantic Tariff Ceasefire?
Brussels and Washington are fine-tuning a single 15 % customs rate across sectors, including autos, mirroring the 2020 US-Japan template (ANSA).

Today's essential intelligence covering international developments and European affairs. MORNING FLOW — MARKETS & TRADE
Wall Street’s rally deepened after Washington inked “mini-deals” cutting electronics and farm tariffs with Indonesia and the Philippines; the S&P 500 notched a fresh peak at 5,553 (+0. Berlin fast-tracks bridge tech
The German finance ministry unlocked €450 mn to refurbish 4 400 Autobahn bridges, promising “design-build” tenders and sensor-based monitoring to cut project time by -30 % (BMF, Reuters).

Today's essential intelligence covering international developments and European affairs. Tariff Poker in the Pacific
Putrajaya is scrambling to cap the Trump-threatened blanket tariff at ≈20 % instead of the mooted 35 – 40 % (Bloomberg, FT). Paris doubles down in Kyiv
France’s new foreign minister Jean-Noël Barrot arrived unannounced in Kyiv, pledging an extra €650 m in military aid and €200 m for energy grid repairs (ZDF).