| Donald Trump's veiled threat to use economic force to take over the EU overseas territory of Greenland from Denmark is being met with muted jitters from European leaders. |
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| Welcome to the Brussels Edition, Bloomberg's daily briefing on what matters most in the heart of the European Union. Donald Trump's veiled threat to use economic force to take over the territory of Greenland from Denmark is drawing a muted reaction from European leaders. Far from throwing down the gauntlet, German Chancellor Olaf Scholz delivered a vague rejection, saying that any country — no matter how big or small — should respect national borders. Scholz didn't call out Trump specifically, but said the line was backed by Denmark's Mette Frederiksen and Poland's Donald Tusk. In the meantime, Western allies will meet President Volodymyr Zelenskiy in Ramstein, Germany today to discuss what more can be done for Ukraine's military efforts against Russia before the start of Trump's second White House stint — which threatens to cut US support for the war-torn nation. The Biden administration is expected to announce $500 million in military assistance to Kyiv, capping about $65 billion in US security aid to Ukraine since Russia's 2022 invasion. — Samuel Stolton | |
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| Competitiveness Compass | Boosting the the EU's competitiveness is a top priority for the new commission, but moves are off to a slow start. The so-called competitiveness compass that was due next week is set to face delays, we're told, attributed in part to President Ursula von der Leyen's current illness. Musk Watch | The EU's top digital officials will "energetically" pursue their probe into Elon Musk's X under the bloc's content moderation law, they said in a letter to lawmakers. Musk is garnering increasing EU scrutiny over attempts to influence European elections. Meta Moves | Meta offered to publish listings from rival eBay on Facebook Marketplace, in order to comply with a landmark EU antitrust decision. The company was fined €798 million in November for harming competition with rival second-hand marketplaces. ESG Rules | EU policymakers are being pressed not to water down environmental, social and governance requirements. Some of France's largest companies, including Amundi and Electricite de France, want the bloc to stick to its current timetable, despite pressure from Germany. | |
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| Immigration Stakes | Friedrich Merz — the German conservative favored to become the next chancellor — is upping the ante on immigration. At a meeting with Bavarian partners, he reaffirmed a pledge to strip citizenship from foreign-born Germans who commit crimes in order to voters away from the far-right. Romania Repeat | Romania will hold a repeat of last year's contested presidential election on May 4, after the top court annulled the previous vote over allegations of Russian meddling. Poland in the meantime will hold its presidential ballot on May 18. Northvolt Future | Shareholders of Sweden's Northvolt backed a plan to allow the bankrupt electric-vehicle supplier to keep producing battery cells. The company filed for bankruptcy last year with $5.84 billion in debt. Crisis Bank | Ireland's National Asset Management Agency pitched a plan to wind down by the end of the year. The so-called bad bank, which was set up after Ireland's property bubble burst, targets de-leveraging its remaining loan portfolio. | |
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| Tougher EU pollution standards could allow Tesla to collect more than €1 billion from rival automakers. The US company will pool the fleet of electric vehicles it sells this year with at least five other manufacturers, led by Toyota, Stellantis, and Ford, according to an EU document issued Tuesday. The arrangement allows carmakers to average out the emissions of their fleets, with those selling fewer EVs compensating companies like Tesla that over-comply with limits on carbon-dioxide emissions. | |
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| All times CET - 8 a.m. European Parliament President Roberta Metsola meets with Egyptian President Abdel Fattah el-Sisi in Cairo
- European Central Bank publishes its Economic Bulletin
- EU foreign affairs chief Kaja Kallas travels to Rome to participate in the Quint meeting on Syria
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