22 January 2026 Geoeconomic fragmentation and geopolitical risk have become key sources of macro-financial uncertainty, which can affect financial stability Geopolitical shocks can amplify financial stress and dampen economic growth Report sets out new monitoring framework integrating geopolitical indicators into financial stability analysis The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) today published a joint report entitled “Financial stability risks from geoeconomic fragmentation” with technical annex, which examines how rising geopolitical risks and heightened uncertainty can affect...

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The European Commission proposed the Digital Networks Act (DNA) to modernise, simplify and harmonise EU rules on connectivity networks. The current rules must be updated to create the conditions for operators to invest into rolling out advanced fibre and mobile networks. High-capacity networks enable innovative tech, like Artificial Intelligence and Cloud. The widespread availability of advanced connectivity for people and businesses across the EU is the foundation of Europe's competitiveness. Strengthening the single market for connectivity The proposal aims at creating...

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Blog Post by  Tobias Adrian and Pierre-Olivier Gourinchas Global Economy Shakes Off Tariff Shock Amid Tech-Driven Boomrisks are rising, including from the concentration of tech investment and the negative effects of trade disruptions, which may build over time. Global economic growth continues to show notable resilience despite significant US-led trade disruptions and heightened uncertainty. Our latest projections indicate that global growth will hold steady at 3.3 percent this year, an upward revision of 0.2 percentage points compared to October estimates, with most of the...

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In 2025, the European Union Intellectual Property Office received 327 735 new applications for EU trade marks and EU designs. It is the highest annual number of intellectual property (IP) applications since the Office began accepting filings in 1996. Overall, it represents a 7.8% increase compared to 2024, surpassing the previous record set in 2021 (313 928 applications received) Trade Marks Drive Overall Growth European Union trade marks (EUTMs) accounted for the largest share of applications in 2025. The EUIPO received 196...

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