EU to Unveil Budget Plan
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US and EU 'making progress' on trade deal
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The European Commission on Wednesday proposed a 2 trillion euro ($2.31 trillion) EU budget for 2028 to 2034, with a new emphasis on economic competitiveness and defence and plans to overhaul traditional spending on farming and regional development.
The European Commission advanced a $2.3 trillion budget proposal that would boost EU defense spending through the next three years.
One of the European Union’s most reliable punching bags is shaped like a bottle of whiskey. The EU this week circulated to member states a list of products it could hit with tariffs if a trade deal is
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EU trade chief Maros Sefcovic will head to Washington on Wednesday for tariff talks, an EU spokesperson told Reuters, adding that he will meet U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.
Clearing house chief executive cautions against move to raise more money for Ukraine by investing in riskier assets
The European Union executive on Wednesday proposed a two-trillion-euro long-term budget focused on tackling overseas competition and Russian aggression, but it was quickly shot down by Germany, the bloc's largest member.
China reaffirmed on Wednesday that it is normalising ties with the European Parliament, as Beijing seeks to forge closer economic and political ties with Brussels amid flaring global trade frictions.
BRUSSELS (Reuters) -The European Council said in a statement on Tuesday that it had imposed sanctions on seven individuals and three entities "responsible for actions aimed at destabilising" Moldova, whose leaders are bidding to join the EU by 2030.