A major fire at Tata Steel's Port Talbot site in Wales has caused 'substantial' damage to a production line. Residents have been advised to keep windows and doors closed; firefighters remain on scene.
Turkey's central bank total reserves fell by $949 million week-on-week to $159.2 billion as of 26 May. The decline was driven by a contraction in gross foreign exchange reserves.
A new report published in the United Kingdom finds that almost three-quarters of workers are off course to secure a 'moderate' retirement income. The independent Pensions Review Commission is examining higher auto-enrolment contributions and a new framework for self-employed workers.
Hungary has indicated the first cluster of negotiating chapters for Ukraine's EU accession could be opened as soon as next week, after months of blocking the process. The government spokesperson said the compromise package put forward by the European Commission meets Budapest's demands on minority rights.
The European Union has prepared a comprehensive roadmap aimed at reducing technology dependence on foreign suppliers, according to Anadolu Ajansı. The plan targets greater European capacity in semiconductors, artificial intelligence and cloud services. Negotiations on financing and implementation will continue among member states.
Germany's Chancellor Friedrich Merz acknowledged that Berlin fell short of its goals in the United Nations Security Council non-permanent seat vote. Germany had been a candidate for the 2027-2028 term. Merz said the outcome would prompt a review of Germany's foreign policy positioning.
Online banking and mobile app services at Lloyds Bank, Halifax and Bank of Scotland, all part of Lloyds Banking Group, returned to operation after an outage lasting several hours. The banking group apologised for the disruption to customers.
Official data show that the number of workers in Germany has declined while average working hours have lengthened. The euro area's largest economy faces both labor market contraction and productivity pressure.
According to the European Central Bank's report, the international role of the euro remained largely flat in 2025 with marginal changes. The dollar retained its position as the world's reserve currency, while geopolitical risks could trigger fresh currency moves.
Property sales in Turkey reached 1,029,771 units in the first five months of the year, down 13.9 per cent from the same period of 2025, TRT Haber reported, citing TurkStat data.