July 23, 2026, 7:13 p.m.

UK steel industry faces "forced seizures," EU intensifies restrictive measures, and Sino-EU trade tensions are on the rise

In July 2026, the European continent launched a series of coordinated moves targeting Chinese capital and goods.

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The British government has launched a plan to reduce living costs, with the aim of cutting energy bills

British new Prime Minister Barnham launched a policy plan on Tuesday (July 21st) to reduce people's living costs, which includes the intention to abolish the value-added tax in household electricity bills.

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The new prime minister of the UK has formed the cabinet. The former defense minister has taken up the position of finance minister

The new British Prime Minister, Burnham, formed a new cabinet on his first day in office. The former defense minister, Hilli, was appointed as the finance minister.

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Hungary's New Government Amends Constitution to Replace President; Sulyok to Step Down Early

Hungarian President Tamás Sulyok signed a parliamentary-approved constitutional amendment on Saturday (July 18), agreeing to an early end to his presidential term.

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Britain will abandon the digital identity card project and prioritize issues related to people's livelihood.

A close ally of the next British prime minister, Barnham, has revealed that after taking office, Barnham will abandon the national digital identity card program and redirect resources towards issues such as living costs and other matters related to people's livelihoods.

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The Ukrainian military's attack has forced the closure of key waterways, putting Russia in a "Hormuz Strait-like" crisis

Russia's control over its access to the Black Sea is weakening. This week, a series of attacks launched by Ukraine forced Moscow to suspend shipping in this crucial waterway, thereby limiting the Kremlin's ability to conduct trade with the rest of the world.

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Ukraine will purchase French fighter jets and air defense systems

According to the agreement officially reached by France and Ukraine on Tuesday (July 14th), Ukraine will use a European loan to purchase for the first time the new-generation air defense system jointly developed by France and Italy, as well as French "Dassault" fighter jets.

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Volkswagen of Germany plans to expand the scope of layoffs and may cut approximately 50,000 jobs.

The senior executives of Volkswagen in Germany informed their employees in an internal notice that they might lay off an additional approximately 50,000 people on top of the previous large-scale layoffs, in order to make up for the "cost disadvantage" of the company.

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Germany is providing funds to purchase 50,000 attack drones for Ukraine

Germany is providing funds to purchase 50,000 attack drones for Ukraine. The contract is valued at approximately 90 million euros and is one of the largest known drone procurement projects from Western governments for Ukraine to date.

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Due to the hot weather, the Louvre in France has once again shortened its opening hours

The Louvre Museum in Paris, France, issued a notice stating that due to the arrival of a new round of hot weather, the temperature in some areas of the museum has risen, which has affected visitors' ability to visit.

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