European Union Business News from EUbusiness.com
The euro held firm despite a weak German ZEW survey, which showed investor sentiment slipping to 38.5 from 39.3 (below expectations of 40+). The single currency stayed above 0.8800 against sterling, supported by optimism for stronger Eurozone growth into 2026.
European environment ministers have finalised a long-awaited decision on the EU’s 2040 emission-reduction target and the 2035 climate plan under the Paris Agreement, just days before COP30 in Brazil.
At a science summit in Copenhagen, the EU Commission launched the pilot of RAISE – the Resource for Artificial Intelligence Science in Europe, to bring together essential resources for developing AI.
The EU Commission has announced €2.9 billion in funding to 61 cutting-edge net zero technology projects, funded from the Innovation Fund using revenues from the EU Emissions Trading System.
The European Commission has adopted an implementing decision setting out key milestones and deadlines to complete the high-speed rail connection between Madrid and Lisbon.
The EU and Ukraine will enjoy an enhanced, stable, fair and permanent trade framework as from 29 October, as the EU-Ukraine Deep and Comprehensive Free Trade Area (DCFTA) enters into force.
Germany reported the highest electricity prices in the first semester of 2025, at €38.35 per 100 kWh, according to figures from Eurostat, followed by Belgium (€35.71) and Denmark (€34.85).
