The 23 EU members who also belong to NATO are likely to agree to raise the defence spending target above the current 2% of national output at a June summit of the alliance that will set a new level, European Council President Antonio Costa said.

EU member states have been told to review transactions that have taken place since January 2021 in areas where these technologies have formed part of overseas investment. They must submit a progress report in July and a comprehensive risk assessment a year later.

The European Union's sanctions on vessels transporting Russian grain, along with Turkey's wheat import ban, impacted Russian grain exports at the end of 2024, the country's central bank said on Thursday.

Spain's European Union-harmonised 12-month inflation rate rose to 2.9% in January, from 2.8% in the period through December, preliminary data from the National Statistics Institute (INE) showed on Thursday.

Tuesday’s dispute took place in the polite environs of LinkedIn. The Commission’s current Director General for Climate Action Kurt Vandenberghe had posted that with the U.S. stepping back from climate action, the EU’s strong green laws “may turn out to be a great asset to attract investment.”

Following calls to reduce the regulatory burden imposed on businesses, the European Union is poised to reform a series of laws passed under the EU Green Deal.

Separate from LNG, the sanctions package will propose penalties on more aging oil-exporting tankers operating as part of Russia’s so-called shadow fleet, the diplomats added. The EU will target 74 new vessels, two other EU diplomats said.

The EU and Nato have taken a vow of silence over Greenland after Denmark requested its key allies refrain from reacting to Donald Trump’s threats to seize the Arctic island.

Following calls to reduce the regulatory burden imposed on businesses, the European Union is poised to reform a series of laws passed under the EU Green Deal

Businesses are hijacking Brussels’ campaign to cut red tape in order to drive their own deregulation agenda, according to liberal European parliament members, who have set out a plan for the EU to stick to its climate goals, write Alice Hancock and Paola Tamma.

The UK government has “ambitious” goals in its reset with the EU, Reeves has said. She said it was in the national interest to overhaul Britain’s links with the bloc, which she described as “our nearest and our largest trading partner”, to drive growth and support business.