China Is Set to Cancel Part of EU Summit in Latest Strain
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The Chinese government intends to cancel part of a two-day summit with European Union leaders planned for later this month, in the latest sign of the tensions between Brussels and Beijing.
The second day of the summit in China is set to be canceled at Beijing's request, according to people with knowledge of the planning, who asked not to be named discussing private information. Those plans could change by the time they're finalized, one of the people said.
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Europe's drone push exposes gaps in defense readiness
As the prospect of a renewed Russian threat looms over Europe's eastern flank, EU leaders are accepting that the continent is ill-prepared when it comes to the risk of future conflict. Last week, Andrius Kubilius, the European commissioner for defence and space, called for a sweeping ramp-up of drone production, urging EU nations to produce millions of drones a year by 2030. Ukraine delivered over 1.3 million drones to its military in 2024, highlighting the gap in Europe's preparedness. "The fact that European nations need to urgently rearm, and to do so in a way that is relevant to the threat from Russia, is not a new discovery," Keir Giles, senior consulting fellow at Chatham House, told Business Insider. "What's alarming is that it's being presented as news," he said, adding that this suggests the realization that rearmament is vital "still hasn't sunk in evenly across Europe." The war in Ukraine has demonstrated the transformative nature of drones in modern combat. From cheap first-person view drones to advanced loitering munitions and AI-guided strike systems, the war has pioneered new forms of drone warfare, with Ukraine often outmatching Russian capabilities in speed and creativity. Katja Bego, a senior research fellow at Chatham House, said that "Ukraine's remarkable success with drones has shown it is possible to rapidly ramp up production if the urgency is there. Europe is now learning these lessons." Currently, however, the EU is still far behind. Both Russia and Ukraine reportedly outproduce the entire EU bloc "by orders of magnitude," Bego warned. But it's clear that there is increasing interest from EU states to work with and import Ukrainian expertise and systems. "If European countries are serious about acquiring drones at the pace and scale that is being described, they must do so in and with Ukraine," Giles said. The latest push for mass drone manufacturing in Europe isn't just about meeting current threats. It's about leapfrogging into the technologies that will define future conflict. "Europe sees an opportunity to leapfrog," Bego said. "Smaller drones are much cheaper than a lot of traditional weapons and can be produced much more quickly." However, making the most of this moment requires more than just factories. "Getting to the scale of relevance for deterrence and defense is more than an issue of defense production," Skip Davis, a senior fellow at the Center for European Policy Analysis, told Business Insider. "It's about the ability to field prototypes, train operators, revise operational concepts, and integrate drones into logistics and manoeuvre formations," he said. "All of that requires a new mindset." That would involve deeper collaboration between militaries and agile, often non-traditional tech firms. Davis said that in the current environment, "many of the companies leading innovation are small startups or commercial companies not used to working with militaries." For Europe to succeed, he said it must grow more comfortable with experimentation and iteration. Compounding the urgency is the decreasing estimate of when Russia could be ready to attack a NATO country. The estimate of five years was what we were hearing this time last year, Giles said. "Since then, the timescale has continued to shrink — and the reduction in US support to Ukraine brings the time closer." This shortening horizon makes the EU's slow progress all the more dangerous. "Crash rearmament is feasible, if there is sufficient political will," Giles added. At the same time, experts warn that ramping up drone output is not a silver bullet. "Policymakers are at risk of seeing small agile drones as a panacea which will solve both their financial and manpower woes," Bego said. But "there is still a need for large platforms like jet fighters, too," she added. Meanwhile, Europe's vision of "strategic autonomy" in defense risks being undermined by its reliance on foreign tech. "A lot of critical components in drone manufacturing are still produced in China," Bego said. "Europe must diversify these supply chains or reproduce them within its own borders." With the clock ticking and Russian production accelerating, the EU's ambitious drone target looks ever more necessary, and could mark a pivotal moment in European defense.
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ASSYSTEM: Half-year liquidity contract statement on June 30th, 2025
HALF-YEAR LIQUIDITY CONTRACT STATEMENT Paris, July 4th, 2025 Under the liquidity contract entered into between ASSYSTEM S.A. (ISIN: FR0000074148 - ASY) and Kepler Chevreux, the following resources appeared on the liquidity account on June 30th, 2025: - 11,441 shares- € 802,309.97 - Number of executions on buy side on semester: 2,444- Number of executions on sell side on semester: 2,323- Traded volume on buy side on semester: 80,317 shares for € 3,114,213.43- Traded volume on sell side on semester: 76,852 shares for € 2,992,189.41 As a reminder:• the following resources appeared on the last half year statement on December 31st, 2024 on the liquidity account: - 7,976 shares- € 918,245.93 - Number of executions on buy side on semester: 2,588- Number of executions on sell side on semester: 2,565- Traded volume on buy side on semester: 84,788 shares for € 3,802,873.09- Traded volume on sell side on semester: 80,214 shares for € 3,622,741.33 • the following resources appeared on the liquidity account when the activity started: - 22,970 shares- € 923,444.41 The liquidity agreement complies with AMF Decision n° 2021-01 dated on June 22nd, 2021, introducing liquidity agreements on equity securities as permitted market practice. ABOUT ASSYSTEM Assystem, one of the world's leading independent nuclear engineering companies, is committed to accelerating the energy transition. With more than 55 years of experience in highly regulated sectors with stringent safety and security constraints, the Group provides engineering and project management services as well as digital solutions and services to optimise the performance of complex infrastructure assets throughout their life cycle. In its 12 countries of operation, Assystem's 7,500 experts are supporting energy transition. To achieve an affordable low carbon energy supply, Assystem is committed to the development of low carbon electricity (nuclear, renewables and electricity grids) and clean hydrogen. The Group is also helping drive the use of low carbon electricity in industrial sectors such as transportation. Assystem forms part of the Euronext Tech Leaders, CAC Small, CAC Mid & Small, CAC Industrials, CAC All-Tradable and CAC All-Share indices. To find out more visit CONTACT Malène Korvin CFO Tél : +33 (0)1 41 25 29 00 Buy Side Sell Side Number of executions Number of shares Traded volume in EUR Number of executions Number of shares Traded volume in EUR Total 2,444 80,317 3,114,213.43 2,323 76,852 2,992,189.41 01/02/2025 17 550 25,074.50 - - - 01/03/2025 19 691 30,763.32 25 750 33,622.50 01/06/2025 19 521 23,273.07 2 52 2,324.40 01/07/2025 13 278 12,273.70 5 176 7,789.76 01/08/2025 30 710 30,956.00 16 576 25,205.76 01/09/2025 25 626 26,861.66 2 100 4,340.00 01/10/2025 21 689 29,158.48 14 486 20,810.52 01/13/2025 33 950 38,437.00 2 50 2,090.00 01/14/2025 40 1,025 39,708.50 25 559 21,918.39 01/15/2025 64 1,936 69,192.64 13 150 5,472.00 01/16/2025 7 300 10,890.00 58 1,575 58,243.50 01/17/2025 9 300 11,244.00 12 425 15,988.50 01/20/2025 36 1,250 46,300.00 26 858 31,891.86 01/21/2025 36 1,251 45,936.72 41 1,200 44,232.00 01/22/2025 28 699 25,478.55 14 520 19,000.80 01/23/2025 24 1,051 38,498.13 34 1,177 43,384.22 01/24/2025 20 799 29,003.70 20 775 28,256.50 01/27/2025 15 449 16,208.90 17 650 23,608.00 01/28/2025 3 100 3,690.00 13 450 16,740.00 01/29/2025 13 350 13,055.00 8 400 14,984.00 01/30/2025 22 602 22,671.32 22 800 30,288.00 01/31/2025 1 27 1,023.30 20 741 28,461.81 02/03/2025 24 724 27,497.52 20 600 22,998.00 02/04/2025 3 100 3,895.00 17 425 16,600.50 02/05/2025 21 750 29,205.00 3 150 5,895.00 02/06/2025 14 450 17,460.00 16 650 25,382.50 02/07/2025 21 700 27,734.00 30 1,025 40,907.75 02/10/2025 15 528 21,056.64 21 650 26,110.50 02/11/2025 14 372 14,686.56 6 200 7,920.00 02/12/2025 29 1,200 48,312.00 60 2,100 85,533.00 02/13/2025 1 50 2,110.00 20 864 36,659.52 02/14/2025 15 650 28,158.00 21 674 29,319.00 02/17/2025 17 700 29,820.00 10 350 15,015.00 02/18/2025 34 1,190 50,682.10 46 1,401 59,920.77 02/19/2025 55 1,800 74,934.00 6 200 8,626.00 02/20/2025 5 125 5,097.50 4 75 3,084.75 02/21/2025 9 350 14,276.50 7 274 11,255.92 02/24/2025 8 300 12,207.00 11 376 15,385.92 02/25/2025 22 600 24,114.00 10 350 14,175.00 02/26/2025 18 650 25,857.00 17 600 23,964.00 02/27/2025 19 600 23,538.00 6 300 11,856.00 02/28/2025 7 150 5,955.00 22 513 20,596.95 03/03/2025 48 1,700 69,428.00 34 1,403 58,140.32 03/04/2025 32 950 37,886.00 21 750 30,157.50 03/05/2025 6 200 8,110.00 27 1,044 42,501.24 03/06/2025 16 350 14,304.50 24 890 36,730.30 03/07/2025 35 1,200 49,500.00 19 707 29,333.43 03/10/2025 18 650 26,962.00 26 943 39,181.65 03/11/2025 36 1,000 40,970.00 11 400 16,624.00 03/12/2025 16 594 23,973.84 14 550 22,385.00 03/13/2025 16 450 17,865.00 2 50 2,010.00 03/14/2025 13 364 14,461.72 12 600 23,904.00 03/17/2025 22 622 24,892.44 27 900 36,153.00 03/18/2025 6 150 6,162.00 22 700 28,840.00 03/19/2025 54 2,161 82,809.52 34 1,138 44,564.08 03/20/2025 52 1,393 51,554.93 8 400 15,220.00 03/21/2025 14 458 16,268.16 1 50 1,800.00 03/24/2025 34 1,346 45,279.44 3 134 4,695.36 03/25/2025 12 384 12,506.88 12 350 11,480.00 03/26/2025 13 350 11,448.50 8 300 9,879.00 03/27/2025 17 570 18,268.50 20 629 20,322.99 03/28/2025 9 400 13,120.00 14 621 20,499.21 03/31/2025 20 650 20,852.00 5 188 6,063.00 04/01/2025 4 89 2,888.94 11 412 13,385.88 04/02/2025 8 211 6,836.40 32 650 21,515.00 04/03/2025 19 600 20,118.00 18 700 23,632.00 04/04/2025 37 1,400 46,102.00 13 600 20,046.00 04/07/2025 48 2,245 68,090.85 35 2,100 64,323.00 04/08/2025 1 50 1,590.00 30 1,150 37,731.50 04/09/2025 45 1,309 43,628.97 19 850 28,560.00 04/10/2025 14 600 20,298.00 42 776 26,671.12 04/11/2025 7 251 8,458.70 8 251 8,508.90 04/14/2025 31 1,000 33,980.00 31 799 27,357.76 04/15/2025 12 350 11,809.00 9 400 13,560.00 04/16/2025 6 300 10,149.00 15 650 22,282.00 04/17/2025 17 523 17,782.00 3 100 3,445.00 04/22/2025 16 626 20,889.62 20 600 20,100.00 04/23/2025 - - - 27 890 30,607.10 04/24/2025 12 400 13,844.00 6 300 10,485.00 04/25/2025 34 950 33,164.50 37 1,450 51,025.50 04/28/2025 5 150 5,410.50 18 550 19,992.50 04/29/2025 2 50 1,870.00 9 250 9,355.00 04/30/2025 17 650 24,635.00 20 750 28,507.50 05/02/2025 11 400 15,344.00 11 450 17,361.00 05/05/2025 4 200 7,790.00 15 500 19,530.00 05/06/2025 8 350 13,891.50 29 1,143 45,994.32 05/07/2025 14 462 18,493.86 7 250 10,020.00 05/08/2025 18 600 24,102.00 18 700 28,203.00 05/09/2025 21 520 21,018.40 22 541 21,932.14 05/12/2025 34 1,498 59,156.02 34 1,350 53,838.00 05/13/2025 22 650 26,143.00 15 559 22,594.78 05/14/2025 19 600 23,874.00 11 300 11,985.00 05/15/2025 28 735 29,230.95 29 850 33,898.00 05/16/2025 13 400 15,952.00 14 500 19,970.00 05/19/2025 15 381 15,137.13 6 250 9,950.00 05/20/2025 1 50 2,000.00 27 1,024 41,707.52 05/21/2025 21 550 22,731.50 20 383 15,875.35 05/22/2025 9 400 16,420.00 27 700 29,001.00 05/23/2025 20 950 39,387.00 24 700 29,155.00 05/26/2025 20 750 31,185.00 28 650 27,111.50 05/27/2025 19 800 32,512.00 40 1,050 43,312.50 05/28/2025 11 328 13,667.76 6 250 10,445.00 05/29/2025 16 452 18,970.44 23 551 23,158.53 05/30/2025 14 370 15,469.70 10 266 11,166.68 06/02/2025 19 700 28,588.00 - - - 06/03/2025 14 359 14,736.95 27 883 36,503.22 06/04/2025 6 91 3,771.95 8 203 8,515.85 06/05/2025 28 905 38,218.15 40 1,297 55,381.90 06/06/2025 68 2,335 96,412.15 18 690 28,628.10 06/09/2025 29 868 35,188.72 12 470 19,138.40 06/10/2025 15 435 17,587.05 16 287 11,657.94 06/11/2025 16 662 26,837.48 28 885 36,019.50 06/12/2025 15 600 24,474.00 26 699 28,659.00 06/13/2025 24 800 32,688.00 26 816 33,415.20 06/16/2025 18 550 23,045.00 29 833 34,961.01 06/17/2025 27 1,000 42,080.00 34 1,150 48,599.00 06/18/2025 20 737 30,651.83 2 100 4,180.00 06/19/2025 15 413 16,842.14 2 51 2,091.51 06/20/2025 30 611 24,831.04 22 751 30,625.78 06/23/2025 18 460 18,694.40 15 401 16,336.74 06/24/2025 22 800 32,584.00 24 729 29,794.23 06/25/2025 18 532 21,700.28 17 519 21,284.19 06/26/2025 15 516 20,923.80 21 550 22,429.00 06/27/2025 5 135 5,547.15 32 877 36,483.20 06/30/2025 14 523 21,871.86 19 472 19,842.88 Attachment PR Half-year liquidity contract statement 04.07.2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
