Original Sin | Commission chief von der Leyen told the G-7 that the source of "the biggest collective problem we have" was China's accession to the WTO. In order to tackle its unfair trade and economic practices, and the "weaponisation" of critical minerals, she proposed the group's leaders use their joint leverage on Beijing. Apple Warning | Apple faces a looming EU ultimatum to fix alleged Digital Markets Act violations by June 26 or risk daily fines further down the road. The warning could kick in if the company fails to come forward with an offer allowing developers to inform customers of cheaper deals away from the App Store. Gas Ban | The commission will be hoping that the Russian gas ban it puts forward today will end any lingering skepticism among member states that it will not be strong enough for companies to exit contracts without stiff financial penalties. Here's why it can't use sanctions. United Spending | Luxembourg's Prime Minister Luc Frieden supports joint EU debt to fund defense and climate efforts, he said in an interview for Bloomberg TV. The topic remains controversial in the bloc, broadly opposed by countries like Germany, though voices have been rising to have the bloc leverage its financial power. Cautious Stance | The ECB’s governing council member Joachim Nagel said it's not sensible to commit to further interest rate cuts or pauses in monetary policy. The reason is persistent uncertainty in growth and inflation forecasts. While price growth appears largely under control, Nagel warned against complacency. |