Aposto Europe

Aposto Europe delivers your daily briefing on markets, politics, business, tech and more - all under 5 minutes. Don't miss out on what's happening in the world.

Friday

• Fifteen European countries including the UK and the Netherlands agreed to jointly form an air defense system for the continent. Germany, who spearheaded the project, will coordinate the joint procurements to protect against close-range as well as medium and long-range missiles. Defense Minister Christine Lambrecht pointed to the importance of closing the gaps in European defense due to increased security risks in Europe following Russia’s invasion of Ukraine.

Thursday

• The International Monetary Fund (IMF) warned governments to rein in spending or risk undermining the confidence of the bond market investors that buy their debt. Rising interest rates and high inflation have increased the importance of countries building resilience into their public finances so they can deal with a more “shock-prone” world, the IMF said on Wednesday in its annual Fiscal Monitor publication.

Wednesday

• Output of European automakers could drop by more than 1 million vehicles per quarter starting late this year and continuing through 2023, as soaring energy costs weigh on the supply chain, according to an S&P Global Mobility report released Tuesday. Europe’s governments are intervening to blunt the impact of the energy crisis, but the measures may not be enough to shield the auto industry from production halts this winter.

Subscribe