Eurozone industrial production unexpectedly declines in May

Industrial production in the eurozone unexpectedly declined in May, according to newly released official data, signaling continued challenges for the region's manufacturing sector despite resilience in some industries. Industrial output fell by 0.2% compared with the previous month, marking the first monthly decline in four months and......

Google asks EU’s highest court to uphold decision cancelling €1.49 billion antitrust fine

Google has urged the European Union's highest court to uphold a lower court ruling that overturned a €1.49 billion ($1.7 billion) antitrust fine, arguing that the European Commission's legal challenge is based on flawed reasoning. The case was heard on Wednesday before the Court of Justice of the European Union (CJEU) in Luxembourg,......

ECB officials urge caution on inflation as interest rate outlook remains flexible

European Central Bank policymakers have signalled a measured approach to future interest rate decisions, stressing the need to remain vigilant on inflation while indicating there is no immediate case for a rapid tightening of monetary policy. The comments, made on Wednesday, suggest that although inflation risks continue to be monitored closely,......

Solar power becomes the European Union's largest electricity source in June

Solar energy became the largest source of electricity generation in the European Union during June, marking another milestone in the bloc's transition toward renewable energy, according to new analysis from energy think tank Ember. The report found that solar power accounted for approximately 25% of the EU's electricity generation......

Ukraine advances in EU membership bid with new negotiations on foreign policy and defense

Ukraine has taken another step toward joining the European Union after member states approved the opening of a new phase of negotiations covering security, defense and foreign policy. The decision marks the second major area of discussion in the complex accession process, as Kyiv continues its efforts to accelerate integration with the European......

ECB selects 36 payment firms for digital euro pilot ahead of planned 2029 launch

The European Central Bank (ECB) has selected 36 payment service providers to participate in the next phase of its digital euro project, marking a major step forward in Europe’s plans to develop a central bank-backed digital currency. The group includes several major financial institutions operating across the euro zone, according to......

Power struggle between Von der Leyen and Kallas intensifies over EU foreign policy

A growing institutional dispute between European Commission President Ursula von der Leyen and EU High Representative for Foreign Affairs Kaja Kallas has moved into the public spotlight, reflecting broader divisions over the direction of the European Union's foreign policy. The disagreement centers on which EU institution should take......

EU fails to reach agreement on 21st sanctions package against Russia

European Union member states have yet to reach a consensus on a proposed 21st package of sanctions against Russia, highlighting ongoing differences over the bloc's strategy toward Moscow. Speaking ahead of a meeting of EU foreign ministers in Brussels, the European Union's High Representative for Foreign Affairs, Kaja Kallas, acknowledged......

More than 20 countries move to restrict minors’ access to social media

Governments around the world are accelerating efforts to regulate young people's access to social media, with more than 20 countries either enforcing or preparing restrictions aimed at protecting children and teenagers online. The growing international trend comes as the European Union weighs new rules that could reshape how digital platforms......

Meta faces EU pressure to redesign addictive Instagram and Facebook features

Meta is facing growing regulatory pressure in Europe as the European Union demands changes to key features of Facebook and Instagram that regulators consider potentially addictive. The European Commission has warned the technology company that failure to address these concerns could lead to a significant financial penalty. The EU’s......

SAP avoids potential EU antitrust penalty after agreeing to ease customer switching rules

German software giant SAP has avoided a possible European Union antitrust fine after agreeing to changes designed to make it easier for customers to switch service providers or terminate contracts, EU competition regulators announced on Thursday. The European Commission said SAP’s commitments address concerns that the company may have......

Egypt to receive €1.5 billion EU funding tranche as macro-financial aid progresses

Egypt is set to receive €1.5 billion from the European Union in the coming days as part of a broader macro-financial assistance programme aimed at supporting the country’s economy, according to Egyptian officials. The disbursement represents the first of two remaining instalments under a €5 billion EU assistance package designed......

China and EU to hold second trade and investment consultation meeting this Autumn

China and the European Union have agreed to strengthen their economic dialogue by holding regular ministerial-level meetings under their newly established trade and investment consultation mechanism, with the second session scheduled for this autumn. The announcement signals continued efforts by both sides to maintain communication on trade......

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