A divided European Council, and a year of truce that did not stop the victims

We open with the deadlock at the European Council over the ETS: not for the echo the news will have in the press, but because it captures a real fracture within the Union, with Italy aligned alongside the Visegrad group against the framework of the emissions trading system. It is a story that connects, even though we cover it in separate pieces, to the Budget Document the government has sent to Brussels: 23.5 billion on which the Commission’s judgment now hangs regarding the defense and energy efficiency items that Italy is asking to exclude from the deficit. Two pieces, the same negotiating game seen from different angles.

A year after the Gaza truce, the analysis based on the statement from more than a hundred NGOs — Amnesty, Save the Children, Oxfam among others — gives an account of a heavy toll: more than 1,400 Palestinians killed in the year since the agreement of October 10, 2025, according to data released by the coalition. We are publishing it because it is a claim documented by an institutional source in the field, with the awareness that it remains the version of one side in the coverage of a conflict in which the figures are often disputed.

On the economic front, higher-than-expected US inflation triggered a collapse in Asian tech stocks — the Kospi down 8%, the Nikkei down 5% — which deserved a place in the agenda for the scale of the movement, not for the novelty of the data itself. Likewise, today’s Order of Magnitude, the decline in global oil demand measured by the International Energy Agency, gives the scale of a phenomenon that would otherwise remain an isolated figure.

As every day, there remain the two analyses with a single source stated in the text: the Agrigento excavation and the Champions League verdict Psg-City, both published with the caveat that there is no independent confirmation yet. It is a choice of transparency, not a compromise on the quality of the information.

No section is missing today: the edition is complete, ten analyses plus the lead, Briefs and the two Friday columns. No piece was dropped during production. The next update, the afternoon one, will be out today at 16:30 and will report what among these ten stories will have moved in the meantime — starting with the European Council, which at this hour still has no final text on energy.