The Keel
Past editions
Read past editions of The Keel in full. Policy on Tuesdays. Business on Thursdays.
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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 -
Policy
India uses UN diplomacy to keep Europe engaged on trade, technology and strategic alignment
India is using the UN gathering to signal that its European relationships are widening beyond political dialogue into a more transactional agenda centred on trade, supply chains and technology cooperation. For European business, the…
4 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 -
Policy
Von der Leyen's Canada overture raises the cost of transatlantic hedging
Brussels' support for a closer institutional link with Canada is more than diplomatic theatre. It suggests the EU is looking to reinforce partnerships with stable, like-minded economies at a time when the prospect of…
4 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 -
Policy
Brussels uses Greenland investment to turn Arctic anxiety into policy leverage
The immediate story is not the size of the money but the purpose behind it. Brussels is using investment to convert Greenland from a peripheral partner into a test case for a more geopolitical…
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 -
Policy
Ceuta unrest sharpens pressure on Spain's border governance and EU migration credibility
The demonstrations over Ceuta mark more than a dispute about one border incident. They expose how quickly pressure at a geographically small frontier can escalate into a national argument about state capacity, burden-sharing and…
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 -
Policy
Ireland's budget warning exposes a softer edge in the EU's fiscal regime
Ireland's pre-Budget debate has shifted from whether there is money to spend to whether the state is building a structurally looser fiscal path under the cover of strong revenues. That matters beyond Dublin: if…
4 min read