The Keel
Past editions
Read past editions of The Keel in full. Policy on Tuesdays. Business on Thursdays.
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Business
COP31 starts with a finance dispute that could harden Europe's climate diplomacy
Business Standard reports that COP31 began with wrangling over finance and trade before substantive negotiations had properly started, with the EU and other developed-country groupings resisting a process that developing countries want to use…
3 min read -
Business
French cost-of-living unrest is becoming a broader European operating risk
Politico reports that another large weekend of protests has unfolded in France, while similar youth-led demonstrations have surfaced in Germany and Italy. The immediate significance is not only the size of the French marches,…
3 min read -
Business
French unrest raises operating risk as the country moves towards an election
France has entered a more politically charged phase of social unrest, with large crowds still mobilising even after a heavier security response and tighter limits on demonstrations. For business, the immediate issue is less…
4 min read -
Business
Nvidia signals chip access may hinge on AI safety conduct
Nvidia has begun to sketch the outline of a supplier-enforced safety regime, even if its chief executive was careful to present any cutoff decision as exceptional rather than imminent. That matters because the company…
4 min read -
Business
India's widening trade network could offset US tariff pressure and reshape export strategy
India's trade policy is moving from caution to active market diversification. The immediate significance is not simply tariff reduction, but a broader repositioning of India as a production and export base for firms seeking…
3 min read -
Business
Croatia courts American capital as energy, tech and tourism links deepen
Croatia is trying to turn a diplomatic relationship with the United States into a more structured commercial corridor. The immediate significance lies less in the forum itself than in the sectors chosen for emphasis:…
3 min read -
Business
Late-September heat across Europe raises operational and demand risks
Europe appears set for another spell of weather disruption at a point in the calendar when many firms have already shifted into autumn operating assumptions. That matters less because of headline temperature records than…
3 min read -
Business
Record August heat turns climate risk from disclosure issue into operating reality
Another record August confirms that climate volatility is becoming a persistent commercial constraint, not a distant policy debate. For European firms, the immediate issue is less reputational than operational: heat disrupts labour productivity, strains…
4 min read -
Business
Volkswagen's German retrenchment signals a harsher era for Europe's car industry
Volkswagen's planned cuts mark more than another restructuring. They show that one of Europe's industrial anchors now accepts that its domestic cost base and product complexity are misaligned with a market shaped by cheaper…
4 min read -
Business
ECB pushes tokenised finance from pilot rhetoric to market infrastructure
Europe's tokenisation debate is entering an operational phase. Cipollone's intervention suggests the ECB no longer sees tokenised finance as a niche innovation issue, but as part of the future plumbing of European capital markets.…
4 min read