EU

The EU will present long-awaited proposals on Wednesday to counter sweeping US subsidies on green tech that threaten Europe's industry, already struggling with soaring energy prices and unfair competition from China.

Plans by the European Commission to create new European Union funding for the green industry are facing mounting opposition in the 27-nation bloc, as seven EU countries openly rejected the idea in a letter to the EU executive.

The European Union's foreign policy chief Josep Borrell said on Friday he hoped South Africa would use its good relations with Russia to convince it end the conflict in Ukraine.

Israel's President Isaac Herzog on Thursday urged Europe to fight anti-Semitism "at all costs", in the face of a worrying increase in hatred being spread notably online.

European Union ministers on Thursday sought ways to curb irregular immigration and send more people away as arrivals rose from pandemic lows, reviving controversial ideas for border fences and asylum centres outside of Europe.

European shares marched higher on Thursday as upbeat quarterly results from STMicroelectronics, Sabadell and Nokia eased some worries about the impact of stubborn inflation and slowing economic growth on corporate profit.

Eight years after facing a refugee crisis in 2015, the European Union is still struggling with how to reform its asylum system -- just as migrant entries are once again rising.

The euro held near a nine-month high against the dollar on Tuesday, though European stocks eased after regional business activity data reinforced expectations that the European Central Bank (ECB) will raise rates by a further 50 basis points.

Euro zone business activity made a surprise return to modest growth in January, adding to signs the downturn in the bloc may not be as deep as feared and that the currency union may escape recession, a survey showed.

The European Union should introduce more sanctions against Russia's technology sector to curb Moscow's ability to produce arms and rockets it is using to wage war on Ukraine, Czech Foreign Minister Jan Lipavsky told Reuters.

The EU on Tuesday announced proposals to try to reverse an "alarming decline" in the number of bees -- and other insects that pollinate the bloc's crops -- including by rewarding organic farming.

Cross-Channel train operator Eurostar complained Tuesday that slower post-Brexit passport checks for travellers are forcing it to run some services almost one-third empty.

European Union proposals to overhaul its electricity market will attempt to better protect consumer energy bills from short-term swings in fossil fuel prices, the European Commission said on Monday.

Junk-rated companies in Europe have raised $1.4 billion from bond sales this month as investors return to riskier debt after rising interest rates and Russia's war in Ukraine froze markets last year.

The EU's chief announced ambitious plans Tuesday to challenge China and the United States in the race for clean-tech industries, as a battle over green trade emerged at the World Economic Forum.

The EU on Monday said it would take "decisive steps" to protect Europe in the face of massive US subsidies that have left the bloc scrambling to find a way to keep businesses on the continent.

European shares slipped on Tuesday, taking a breather from their sharp rally since the start of this year, after China posted its weakest annual economic growth in nearly half a century, stoking investors' fears of an economic slowdown.

European debt sales have had their fastest start to the year on record as governments and financial institutions take advantage of borrowing costs falling from multi-year highs.

Proposed changes to a European Union pharmaceuticals law will include stronger obligations for the supply of medicines and earlier notifications of shortages, EU Health Commissioner Stella Kyriakides said on Tuesday.

The United States has placed the highest priority on addressing European Union fears that the U.S.

The president of the European Parliament will seek Monday to get ahead of a graft scandal that has rocked the legislature, by officially unveiling a series of reforms to clean up the multinational assembly.