Brief

Several major European Union countries, including Spain, Italy, France, the Netherlands, and Lithuania, are advocating for a more stringent policy towards China. They propose a more aggressive use of EU safeguard measures to address what they describe as China's "systemic and structural industrial overcapacity." This initiative aims to shift from individual anti-dumping cases to broader, sector-wide responses, potentially including tariffs and quotas, and suggests a new "resilience tool" to counter concentrated supply sources. AI

Europe is experiencing record-breaking May temperatures due to a heat dome originating from northern Africa. The United Kingdom and France have already seen their hottest May days on record, with the UK's mercury reaching 33.5C. Forecasters predict this extreme heat will persist throughout the week, with Spain expecting highs of 38C and Italy implementing outdoor work restrictions. AI

Thousands marched in Madrid to protest soaring housing costs, which are pricing out many residents due to increased demand from tourism and population growth. Protesters are demanding more affordable housing and a crackdown on tourist rentals, as rents have risen significantly. The Spanish government has introduced a 7 billion euro plan to build more public housing and assist renters and homebuyers, but many feel current measures are insufficient. AI

Cohere has entered into two significant Memorandums of Understanding (MOUs) with partners in Spain and Canada. These agreements are part of Cohere's strategy to provide sovereign AI solutions globally. The partnerships aim to advance the delivery of AI capabilities tailored to national needs. AI

Spain is investigating former Prime Minister Zapatero in connection with a €53 million bailout of the airline Plus Ultra. This marks a historic moment as it's the first time a former Spanish prime minister has faced a formal investigation. The probe into the 2021 loan adds to the political pressure on the current administration. AI