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EU wants to double electricity use by 2040, but avoids binding target
"The age of fossil fuels is coming to an end," said EU energy chief Dan Jørgensen on...
EU loosens carbon market rules to let industry pollute for longer
Steelmakers, chemical producers and power generators will be able to release emissions well into...
Google mega fine to slash taxpayers’ contributions to Brussels
After years of legal wrangling, Google earlier this month paid the €4.6 billion, which amounts...
As Le Pen looms, Macron and Merz bid to show Franco-German engine still has clout
The leaders promised a broad push on defense, industry and technology as the 2027 French...
EU sets up biggest climate fight of 2026 by slamming brakes on carbon market
Brussels wants to let industry pollute more and for longer. Parliament and member countries will...
Inside Ed Miliband’s search for redemption
“Everything is a fight” with the U.K. energy secretary, says one official. Miliband is...
EU fails to strike Russia sanctions deal after 3 days of talks
Envoys will reconvene next week in a bid to prevent the price cap on Russian crude from ratcheting...
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Rachel Reeves isn’t gone yet, but the City already misses her
The Labour finance minister has presided over a remarkably City-friendly portfolio, with red-tape...
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What regulation will make the UK a world-leading financial center by 2035?
Renewed Middle East conflict will buffet world economy, IMF warns
The warning comes as President Donald Trump announced the U.S. ceasefire and peace process with...
Spain’s mega EU debt proposal sets up showdown with northern European countries
Madrid is pitching its proposal to increase joint EU borrowing as a cost-saving measure.
Trump administration reimposes sanctions on Iran oil sales
The Trump administration on Tuesday revoked a general license that had authorized the sale of...
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Big EU banks must set out AI risk plan, top ECB official
BRUSSELS — The EU’s biggest lenders should set out how they will tackle risks from...
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Germany ramps up defense spending in new budget plan ahead of NATO summit
The finance minister highlighted Berlin's big expansion in military expenditure ahead of a meeting...
Lagarde floats early ECB exit to play role in French presidential campaign
Christine Lagarde's premature resignation would allow political leaders to choose her successor...
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German coalition leaders strike tax reform deal to reverse steep popularity losses
Merz is under intensifying pressure to demonstrate that his ideologically divided government can...
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Commission warns frugals: Slash the EU budget at your peril
Piotr Serafin says “a more frugal EU budget may not necessarily be modern."
Montenegro joining EU will cost ‘less than a coffee,’ says Commission
The Balkan country is estimated to receive €3 billion in EU funds from 2028 to 2034.
France hunts for new EU taxes to fund €2T budget
Paris is looking for fresh levies on foreign companies in order to reduce national contributions to...
EU countries want oil exploration to be classed as a green investment
The proposed changes could see oil giants like TotalEnergies showing up in sustainable investment...
German coalition leaders pledge rapid pension reform overhaul
Among the proposals are a mandatory capital-funded pension savings scheme modeled on Sweden's...
The US political fight behind Anthropic’s export controls
In an administration that rewards political deference, Anthropic’s CEO has repeatedly clashed...
Europe’s budget battle begins as leaders spar over China challenge
Two topics dominate this week's European Council. They have more in common than you'd think.
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4 things to watch at the European Council
Trade wars and armed conflicts are on the agenda for the EU summit, which starts Thursday night.