EUROPE

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EU member states are set to vote Friday on imposing hefty tariffs on Chinese electric car imports, a move that could significantly impact the European market and potentially favor European car manufacturers.

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Ireland's data watchdog has launched an investigation into Ryanair, probing whether their use of facial recognition for third-party bookings breaks EU privacy regulations.

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An Irish regulator responsible for overseeing data privacy within the European Union has announced a fine of 91 million euros ($102 million) against Meta, the owner of Facebook. This penalty was imposed due to password-security breaches that were identified.

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Switzerland's central bank announced on Thursday that it has reduced its key interest rate by a quarter percentage point, marking the third cut this year. The decision comes in response to the robust Swiss franc and a decline in inflationary pressures.

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French President Emmanuel Macron doubled down on his support for EU tariffs on Chinese electric vehicles during a visit to Berlin on Wednesday.

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Parts of England and Wales have been hit by heavy rainfall and flash floods, leading to widespread travel chaos and property damage. In central and southern England, several areas experienced a month's worth of rain within just a few hours. The Met Office issued an amber weather warning for central and southern regions, while other parts of the country remained under yellow warnings.