EUROPEAN UNION

The EU will reveal hotly debated proposals on Thursday to boost spending on clean tech, possibly overcoming internal divisions to include nuclear energy in the mix, to confront growing industrial competition from the United States and China.

An EU decision ordering Amazon to pay about 250 million euros ($265 million) in back taxes to Luxembourg relies on "atmospherics" and is without merit, the company said on Thursday, as it sought to convince Europe's top court to throw out an appeal by EU regulators.

European Union finance ministers are converging on broad principles of a reform of Europe's fiscal rules to make them fit better with post-pandemic economic realities, but crucial details remain to be negotiated, a document showed.

Luca Visentini was arrested in December as part of the investigation into suspected corruption among MEPs involving Qatar and Morocco.

European bank shares tumbled on Friday in the wake of a dramatic sell-off in U.S. lenders as concern spread that the sector will be vulnerable to the rising cost of money.

The European Union wants to hold joint naval exercises as part of plans published on Friday to step up its efforts to protect critical infrastructure at sea.

The European Union is a global frontrunner in cutting carbon emissions but is also moving to ensure the green transition doesn't make it an industrial desert, with a raft of measures due to be announced next week.

U.S. President Joe Biden and European Commission President Ursula von der Leyen are expected to agree on Friday to begin negotiations on ensuring free-trade agreement-like status for the European Union.

The European Union's executive body said on Wednesday it will finalise a long-delayed discussion forum for EU and UK financial regulators, once the deal on Northern Ireland has been implemented by Britain.

EU defence ministers on Wednesday discussed plans to raid their stockpiles to rush one billion euros' worth of ammunition to Ukraine and place joint orders for more to ensure supplies keep flowing.

The pound held steady on Tuesday, retaining gains overnight after Britain struck a new trade deal with the European Union, which brightened the outlook for the post-Brexit UK economy and signalled improved relations between London and the bloc.

Britain and the European Union were on Monday poised to agree a crucial overhaul of trade rules in Northern Ireland, in a breakthrough aimed at resetting strained relations since Brexit.

An agreement between Britain and the European Union over post-Brexit trade rules in Northern Ireland appears imminent.

British Prime Minister Rishi Sunak will meet European Union chief Ursula von der Leyen on Monday in an effort to finalise a new deal for Northern Ireland's post-Brexit trading arrangements.

A clash between Big Tech and EU telecom firms over who will underwrite network infrastructure is set to dominate discussion at the world's largest conference.

Germany's Scholz in India to press on EU trade deal

The European Commission on Thursday launched a consultation on the future of Europe's telecoms sector, starting a process that could lead to requiring Alphabet's Google, Apple, Meta Platform and Netflix to pay some network costs.

Microsoft President Brad Smith on Tuesday will seek to convince EU antitrust regulators at a closed hearing that the U.S.

Twelve EU countries are calling on the European Union to stop companies and third countries from circumventing EU sanctions on Russia by using trade and access to the European single market as leverage, a document showed on Tuesday.

The European Union said Tuesday that it would increase its investments in Kenya by hundreds of millions of dollars, looking to bolster ties in the face of competition from China.

Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union's pending banking law if Europe wants to avoid missing a globally-agreed deadline, the bloc's executive has said.