European businesses

The US government has moved to intervene in Elon Musk's €120 million legal dispute with the European Commission in Brussels. The case centres on EU penalties tied to Musk's business dealings in Europe, and Washington's entry escalates what was a corporate fight into a transatlantic regulatory clash. Commenters are watching closely, as the intervention could strain already tense US-EU relations over tech regulation.

The European Union's new anti-greenwashing rules come into force on Sunday, changing how companies in the bloc can market environmental claims. Under the updated rules, businesses will face stricter requirements before labelling products as green, climate-friendly or sustainable, aiming to protect consumers from vague or unsubstantiated claims. The measures are part of the EU's broader push to strengthen consumer protection and corporate accountability on climate issues.

The European Central Bank and Brazilian authorities have begun a study exploring how to connect the eurozone's TARGET Instant Payment Settlement system (TIPS) with Brazil's Pix instant payment network. The work points toward cross-border instant payments between Europe and Brazil, a step that could simplify transfers for businesses and individuals. The announcement has drawn attention in banking and payments circles as central banks push interoperable real-time payment infrastructure globally.

The Wall Street Journal reports that Kimberly Guilfoyle, the former Fox News host and Trump ally now serving as US ambassador to Greece, is being accompanied by an unidentified man as she pursues business and investment deals across Europe. The report raises questions about the figure's role and the nature of the dealings Guilfoyle is promoting during her travels through the continent.