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The EU chief unveils a new $2.3 trillion budget. Lawmakers say the math doesn’t ‘add up’
European Commission President Ursula von der Leyen has unveiled a proposal for a long-term EU budget that she says will total $2.3 trillion.
EU trade chief heads to Washington in search of tariffs solution
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.
EU warns that its trade with the US could be effectively wiped out if Trump follows through on his threat
The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc.
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EU’s Russian asset plan equals expropriation, warns Euroclear
Clearing house chief executive cautions against move to raise more money for Ukraine by investing in riskier assets
EU again fails to approve new sanctions on Russia, diplomats say
The European Union failed for a second day to approve a new package of sanctions against Russia on Wednesday as Slovakia continued to seek concessions over gas supplies, four EU diplomats told Reuters.
EU mega budget hits immediate German opposition
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.
Beijing Reaffirms Normalisation of Ties With EU Ahead of July Summit
The normalisation of ties was first confirmed by both the European Parliament and Beijing earlier this year. Wednesday's remarks also came ahead of a China-EU leaders' summit slated for later this month when the EU's Ursula von der Leyen and Antonio Costa are expected to meet Chinese President Xi Jinping and Premier Li Qiang in Beijing.
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