Morning Briefing: Europe
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Good morning. US allies are set to plead with Donald Trump to stand behind Ukraine. Airbus is about to eclipse a record that Boeing has held for decades. And Gen Z Germans are shunning beer. Listen to the day’s top stories.

— Victoria Batchelor

Ukraine President Volodymyr Zelenskiy and his European allies will seek solidarity with the US as Donald Trump hosts them for talks at the White House today to set out terms for a possible Ukraine-Russia peace deal. France’s Emmanuel Macron, the European Commission’s Ursula von der Leyen and the UK’s Keir Starmer will be among attendees. European stock futures gained ahead of the discussions.

UK latest: Home prices fell almost £11,000 during the summer lull, property website Rightmove said. A recovery in British living standards may be coming to an end, with predictions wage growth is set to slow as consumer prices spike. Here’s a look at how the economy has lost its edge over Italy and slipped further behind France over the past decade.

Trading partners from the UK to Japan are growing restless waiting for the US to make good on promises. The EU’s efforts to safeguard its digital rules are holding up a joint trade statement with the US, the FT reported.

Hundreds of thousands of Israelis took to the streets yesterday to protest Benjamin Netanyahu’s plan to expand operations in the Gaza Strip. Separately, Israel’s economy unexpectedly shrank as  its 12-day war with Iran imposed a total shutdown on many businesses

The EU wants to unleash trillions of euros in household savings by encouraging people to invest in capital markets—taking inspiration from Sweden’s model. Meanwhile, Italy’s government plans to lower taxes for the middle class in the 2026 budget, the deputy finance minister told Il Messaggero newspaper.

Check out our Markets Today live blog for all the latest news and analysis relevant to UK assets.

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Deep Dive: Airbus Milestone

An Airbus A320neo. Source: British Airways

In 1981, the year Airbus announced it would build a new single-aisle jetliner to take on Boeing, the 737 ruled the roost. 

  • The narrowbody, already in use for more than a decade, had reshaped the airline industry by making shorter routes cheaper and more profitable to operate.
  • By 1988, when Airbus began producing its upstart A320, Boeing had built a formidable lead by delivering some 1,500 of its cigar-shaped best-seller.
  • It’s taken the better part of four decades, but Airbus has finally caught up: The A320 series is poised to overtake its US competitor as the most-delivered commercial airliner in history, according to aviation consultancy Cirium.

The Big Take

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Listen to the Big Take Podcast: Hims’ Big Bet on Weight-Loss Shots.

Opinion

The AI clones are coming but it’s not all bad, Parmy Olson writes. For people who make money off their expertise, clones offer a route to scaling up their business. That could widen all that know-how and ease workloads—if used wisely.

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Before You Go

Photographer: Michaela Rehle/Bloomberg

Nein to alcohol. For many Gen Z Germans, beer is no longer a daily ritual. Those who drink do so rarely, and a growing number are choosing booze-free options—forcing breweries to adapt or close down.

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