Crafting a budget for 27 countries stretching from Lapland to Lisbon is a fiddly process. In fiscal terms the “multi-annual financial framework”, as it is known in Brussels patois, is of peripheral concern.

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

President Trump has introduced a plan for 30% tariffs against the EU in part because of those deficits. However, McKelvey explained the resulting trade wars might hurt Texas businesses.

A law letting the government block freedom of movement could be a deal-breaker for the EU. Yet a fudge might still be found. Switzerland’s government seems, after decades of hesitation, to have come round on the need for tighter integration with Europe, even if some Swiss would prefer to stop the clock. ■

European Commission President Ursula von der Leyen declared on Wednesday that her proposed new 2 trillion euro budget for the European Union from 2028-2034 had been designed for a new era".

Trump’s proposed 50% tariffs on European Union goods would hit roughly $606 billion in imported products. That’s the value of goods exported to the United States from the European Union in ...

Uncertainty persists about when a trade agreement between the U.S. and EU may be struck. U.S. President Donald Trump has suggested an agreement could come as soon as this week, however. The European Union (EU) is stuck in limbo as uncertainty persists around when a trade agreement with the U.S. might be reached.

German Chancellor Friedrich Merz on Friday cast doubt on the possibility of Ukraine joining the European Union by 2034, saying accession was unlikely to come at a point affecting the bloc's medium-term finance plans,

Foreign ministers from the EU's 27-member nations are meeting in Brussels in the wake of a new aid deal for Gaza, largely forged by the bloc's foreign policy chief Kaja Kallas and Israeli Foreign Minister Gideon Saar.

The customs union also safeguards the EU's single market, controlling its external borders to allow goods to circulate freely within. Without it, the free movement of goods within the EU would be impossible. The customs union thereby facilitates seamless trade, supports businesses, and protects citizens and the environment.

The AI Act applies to AI models that the commission deems to carry systemic risks that could significantly affect "public health, safety, fundamental rights, or society," reports Reuters. It also includes the most well-known "foundational models" from companies like Meta, OpenAI, Google, and Anthropic.