Business
Europe’s cruel summer: Ursula von der Leyen faces an EU under pressure | European Union

When Ursula von der Leyen arrived in the vast semi-circle debating chamber in the European parliament in Strasbourg, she greeted MEP leaders of some of Europe’s political groups warmly. Wearing a trim khaki-green jacket, the European Commission president smiled, shook hands and exchanged air kisses with some of the politicians, who had front-row seats for her annual state of the union address.
The hour-long speech on Wednesday had a stark message: Europe must fight for its place in an “unforgiving” world, facing major powers that are either “ambivalent or openly hostile” towards it.
Only minutes after she sat down, she was hearing equally tough responses. “We are losing Europeans; we’re not taking them with us. We’re weak when they want protection,” Valérie Hayer, leader of the centrist Renew group, told her. “The summer was very painful,” said Green leader Bas Eickhout. “Europe has entered a world of power, yet we are still playing chess in a boxing match.”
These were more than routine rhetorical flourishes. This summer was one of harsh realities for the EU. The US trade deal von der Leyen signed with Donald Trump in July was an unequal bargain, decried by right and left as a humiliation for Europe. Russia escalated its attacks on Ukraine, while EU leaders were left wincing at the spectacle of Trump’s red carpet welcome for the Russian president, Vladimir Putin, in Alaska. Israel’s war on Gaza continued relentlessly, killing more than 64,000 people and bringing famine to the strip, while EU countries were unable to agree on modest sanctions against Benjamin Netanyahu’s government. Meanwhile, forest fires, exacerbated by the climate crisis, broke records as flames consumed 1m hectares across affected countries, an area equivalent to about one-third of Belgium.
Surveying the season’s political news, Mario Draghi, the former Italian prime minister who is widely revered in Brussels, said events had “swept away any illusion that economics alone could ensure geopolitical power”. Europe, he said, was “ill-equipped in a world where geo-economics, security and the stability of supply sources, rather than efficiency” shape international trade relations. He said the EU had to “adapt to the existential demands of its time”.
Europe’s painful summer has dented von der Leyen’s reputation. She arrived in Brussels in 2019 promising to lead a “geopolitical commission”, making the EU a foreign policy player, rather than simply a market. This week, an opinion poll in the EU’s five largest member states (Germany, France, Italy, Spain and Poland) showed that 52% found her trade deal a “humiliation”, while 75% thought she had defended European interests “very” or “fairly” badly.
Anna Cavazzini, a Green MEP who chairs the European parliament’s internal market committee, has also encountered such negative verdicts. The message that a “strong EU” would defend European interests against “a bully on the other side of the Atlantic” had “really resonated with my voters, who are in eastern Germany and not the biggest fans of the EU, usually”. The outcome left them disappointed, she told the Guardian.
Cavazzini does not fix all the blame on the commission, saying that many EU governments shunned more assertive stances to Trump’s tariff threats, while seeking to protect favoured industries. Member states “were holding the commission back”, industries had their own interests in mind and Europe was not “fully united behind the idea that you have to stand up to Trump,” she said.
Under the deal announced at the US president’s Turnberry golf course, the EU agreed to eliminate tariffs on many US goods, while accepting 15% duties on its products and 50% on steel. Von der Leyen, who has long argued for more clean homegrown energy, promised Europe would buy $750bn (€640bn) of US liquified natural gas, oil and nuclear products by 2028.
In Strasbourg, von der Leyen came out fighting for what she called “the best possible deal out there” that provided “crucial stability in our relations with the US at a time of grave global insecurity”. European officials argue that the deal was necessary to safeguard jobs, but also US involvement in defending Ukraine. “[Is] what happened during the summer something that will make Europeans proud?” asked one senior EU official. “No. But this doesn’t mean that the reaction and the management of the situation was not intelligent. We are not yet the defence power that we should be. And that, of course, means that there are still vulnerabilities that we need to take into account.”
In contrast, von der Leyen won support for her firmer stance this week on the Gaza conflict – although critics also said it was too little, too late. The commission president said she would freeze European funds for Israel’s government and propose sanctions on extremist ministers. But she still has a lot of work to convince critics about her broader strategy.
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“Europe is disappearing,” contends Chloé Ridel, a French Socialist MEP, tasked with writing her party’s manifesto for the 2027 French presidential elections. “We are disappearing because we are weak in front of Trump. We cannot support Ukraine on our own in front of Putin. We do nothing against the Israeli government in Gaza.” She contrasted the management of recent months unfavourably with von der Leyen’s first term, when the EU leader was widely seen to have taken bold decisions on Covid vaccines and climate action.
The critique from the left is sharpened by a breakdown in trust between the Socialists and European People’s party, the two largest groups in the European parliament, who have a vital say over whether the commission can pass its legislation. Both accuse each other of undermining the parliament’s slender pro-European forces, at a time when nationalists and the far right hold greater sway than ever in the institution.
In a further sign of pressure, von der Leyen faces two potential motions of censure in the European parliament: one from the far right, another from the radical left.
Both groups said this week that they have the necessary 72 votes to table a motion of censure, which in theory could trigger the resignation of the commission. That outcome has been ruled out by the more numerous pro-EU groups, whose votes would be needed to oust the EU executive. But it is a sign of Europe’s deep polarisation in turbulent times.
Business
Payhawk transforms spending experience for businesses with four enterprise-ready AI agents

- Financial Controller, Procurement, Travel, and Payments agents act within policy – giving finance more control and eliminating busywork.
- For employees, forms, tickets, policies, reports and finance jargon are replaced with natural language conversation.
- Payhawk’s Fall ’25 Product Edition also includes global payments at 0.3% FX in 115 currencies.
LONDON, Sept. 16, 2025 (GLOBE NEWSWIRE) — Payhawk, the finance orchestration and spend management platform, today announced its Fall ’25 Product Edition, expanding its AI Office of the CFO stack. The release brings a coordinated set of AI agents — Financial Controller, Procurement, Travel, and Payments — that complete everyday finance work, following the roles, policies, and approvals finance already sets with a full audit trail.
Employees make natural-language requests, and the agents guide them end-to-end through each process, collecting approvals in the background. Over time, agents learn preferences and anticipate needs, so tasks are completed faster and with less wasted effort.
“Enterprises don’t need more chat, they need outcomes,” said Hristo Borisov, CEO and Co-founder of Payhawk. “The majority of agents on the market today lack enterprise capabilities to be adopted at scale, such as permissions, policies, multi-tenancy, audit trails, and data security standards – all absolutely critical when it comes to business payments. Our AI agents act within your controls and finish real finance tasks, so the easy thing for employees is also the right thing for the business.”
Invisible orchestration by design
Payhawk’s agents operate within existing roles, permissions, and policies, keeping data in-platform and logging every action for auditability. Finance teams gain control and visibility, while repetitive busywork is eliminated.
What each аgent handles
- Financial Controller Agent — Speeds up month-end closing by chasing receipts and uploading documents from vendor portals automatically, flagging anomalies, and escalating reminders around close. Expenses are submitted 2x faster.
- Procurement Agent — Employees say what they need; the agent gathers context, applies budgets and policy, routes approvals, increases card limits or creates purchase orders — no forms, fewer tickets and reminders. Request to purchase time reduced by 60%.
- Travel Agent — Books within policy via natural language based on user preferences, then auto-creates a trip report and groups expenses for one-click approval and ERP export. Saves up to 90 minutes per trip.
- Payments Agent — Deflects approximately 40% of helpdesk work for your finance team by giving instant answers on failed transactions, blocked cards, pending reimbursements or funding issues and proposes compliant next steps.
Beyond the release of the AI Office of the CFO, Payhawk’s Fall ’25 Product Edition includes global payments at 0.3% FX in 115 currencies in partnership with JP Morgan Payments, enhanced role/permission controls, and additional platform improvements.
Payhawk will be hosting a product showcase on October 2nd 2025. To sign up, visit https://payhawk.com/editions/fall-2025.
About Payhawk
Payhawk is the finance orchestration platform that unifies global spend management with intelligent automation and real-time payments. Our solution combines corporate cards, expense management, accounts payable, and procure-to-pay in a single platform — eliminating manual processes that slow companies down.
Unlike solutions that force a trade-off between powerful controls and great user experience, Payhawk delivers both, enabling finance teams to drive efficiency and growth while maintaining control. Headquartered in London with 9 offices across Europe and the US, Payhawk serves mid-market and enterprise companies in 32+ countries. Learn more at www.payhawk.com.
Georgi Ivanov
Senior Communications Manager
georgi.ivanov@payhawk.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e27967d8-aa3f-4532-a4f4-d36c2a530404
Business
Former xAI CFO Named OpenAI’s New Business Finance Officer

OpenAI has hired Mike Liberatore, the former chief financial officer at Elon Musk’s AI company xAI, CNBC reported on September 16.
Liberatore’s LinkedIn profile lists his current role as the business finance officer at OpenAI. His tenure at xAI lasted merely four months, and previously, he worked as the vice president of finance and corporate development at Airbnb.
The report added that Liberatore will report to OpenAI’s current CFO, Sarah Friar, and will work with co-founder Greg Brockman’s team, which manages the contracts and capital behind the company’s compute strategy.
According to The Wall Street Journal’s report, Liberatore was involved with xAI’s funding efforts, including a $5 billion debt sale in June. He also oversaw xAI’s data centre expansion in Memphis, Tennessee, in the United States. The reasons for his departure remain unknown.
Liberatore is an addition to the list of recent high-profile departures from xAI. Last month, Robert Keele, who was the general counsel at the company, announced his departure, stating that there were differences between his worldviews and Musk’s.
The WSJ report also added that Raghu Rao, a senior lawyer overseeing the commercial and legal affairs for the company, left around the same time.
Furthermore, Igor Babuschkin, the co-founder of the company, also announced last month that he was leaving xAI to start his own venture capital firm.
That being said, Liberatore’s appointment at OpenAI comes at a time when the company has announced significant structural changes.
OpenAI recently announced that its nonprofit division will now be ‘paired’ with a stake in its public benefit corporation (PBC), valued at over $100 billion. The company also announced it has signed a memorandum of understanding with Microsoft to transform its for-profit arm into a PBC. This structural change was initially announced by OpenAI in May.
Business
Google Advisor Explains Why ESG-Led AI Is Essential For Business Resilience In The Future Of Work

This article is based on the Future of Work Podcast episode “Why AI and ESG Must Evolve Together to Protect the Future of Work” with Kate O’Neill. Click here to listen to the entire episode.
In the rush to innovate, are today’s leaders forgetting why they started?
Businesses chasing AI without aligning to human-centered metrics risk building beautiful systems that fail spectacularly.
In a recent episode of The Future of Work® Podcast, Kate O’Neill, CEO of KO Insights and a seasoned digital transformation strategist, delivered a critical message to today’s business leaders: you must stop chasing metrics in isolation and start thinking in terms of ecosystems.
As AI becomes an increasingly central part of how organizations operate, leaders face a choice: retrofit outdated success models to new technologies, or reimagine the system altogether through the lens of purpose, resilience, and human flourishing.
With a career advising clients as varied as Google, McDonald’s, and the United Nations, O’Neill isn’t a futurist just making vague predictions. She’s a strategist with a clear framework and a call to action to solve AI integration problems: align artificial intelligence initiatives with Environmental, Social, and Governance (ESG) principles — not in name only, but in measurable, mission-driven ways that track real-world outcomes.
“I think ESG as a concept is valid. It’s not the principles that are wrong. It’s that we’ve been measuring the wrong things,” she said during the podcast conversation.
This insight forms the cornerstone of O’Neill’s approach. In a world captivated by AI’s predictive capabilities and automation potential, organizations often overlook the encompassing impact of their decisions.
Are these technologies improving lives? Are they regenerating ecosystems — social or environmental — rather than extracting from them? Too often, she explains, companies confuse compliance with progress, chasing ESG as a branding exercise instead of a structural transformation.
This critique is not about abandoning ESG or digital transformation. Quite the opposite. It’s about evolving both.
From Checklists to Systems Thinking
The past decade has seen ESG reporting become a staple of corporate responsibility efforts. But O’Neill points out a flaw: ESG frameworks often push businesses to focus on standardized inputs and outputs rather than actual impact.
These rubrics, while helpful for consistency, can fail to reflect the lived experience of people and communities affected by a company’s operations.
Instead, she argues for aligning with the United Nations Sustainable Development Goals (SDGs), a framework of 17 interrelated goals with actionable metrics designed to improve life for all — not just shareholders.
To her, that’s a better approach, as most businesses are doing something that could be furthering the SDGs, but they just don’t necessarily realize it.
From water access and infrastructure to gender equality and education, the SDGs provide a nuanced, flexible way for companies to identify where their operations already intersect with meaningful societal progress.
More importantly, they allow companies to evolve those operations in a direction that’s measurable, values-aligned, and resilient.
Making ESG Real in the Age of AI
AI technologies are tools that mirror the systems they’re built within. When integrated blindly, AI can amplify inequities and environmental damage. But when aligned with well-defined social goals, it can act as a force multiplier for good.
Consider how companies often rush to replace human labor with AI in the name of efficiency. O’Neill challenges this logic, not just from a social justice perspective but from a business strategy standpoint. In many cases, this kind of substitution overlooks deeper ESG implications — regional job displacement, lost organizational knowledge, reduced resilience in the face of uncertainty.
“Additive” use of AI, she argues, is far more effective than “replacing” strategies. Enhancing human capability, rather than removing it, yields more sustainable organizations.
This philosophy stems from a fundamental distinction O’Neill highlights: the difference between sense-making and prediction.
Humans interpret, synthesize, and apply judgment. Machines, even the most advanced AI, rely on data and probability. One of her favorite analogies comes from healthcare: a doctor can hear the emotional nuance in a teenager’s “I’m fine” — something no large language model can reliably decode today.
In complex systems — like health, education, or public infrastructure — nuance matters.
A Fast-Changing Landscape Needs Slow, Strategic Thinking
Much of the anxiety among today’s executives comes from the pace of change. Technology is moving faster than ever, and leaders are under pressure to act quickly or risk irrelevance. But as O’Neill notes, movement alone isn’t enough. Strategic motion — guided by values and grounded in measurable, ecosystem-wide outcomes — is what will separate resilient organizations from fragile ones.
The goal is progress, not perfection, and that progress requires recognizing the trade-offs embedded in every transformation decision.
We are already seeing early-stage consequences: water-intensive AI data centers straining local ecosystems; workers displaced without meaningful re-skilling pathways; energy use surging in areas already vulnerable to climate stress.
What Companies Can Do Now
The path forward, according to O’Neill, is rooted in clarity, alignment, and iteration. Businesses don’t need to pivot overnight or rebuild their operations from scratch. They need to take stock of what they already do well, identify the SDG most aligned with their mission, and begin tracking meaningful, relevant metrics that reflect their contribution to a better future.
This can be as simple as adding one SDG-aligned KPI to a leadership dashboard or as complex as redesigning hiring practices to retain knowledge and community ties. What matters most is the intentionality behind the action.
For leaders struggling with how to begin, O’Neill offers practical guidance: don’t wait for perfect information. Move. Learn. Adapt. Align technology strategy with purpose — not in a silo, but as part of a larger ecosystem of human and planetary thriving. Because in the future of work, success will be defined by how wisely we integrated AI into the human systems that sustain us.
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