Breaking news

Business news and information from the European Union

EU green light for ban on greenwashing, misleading product information — 18 January 2024, 11:13 CET

The European Parliament gave its final green light Wednesday to an EU directive which aims to improve product labelling for consumers and bans the use of misleading environmental claims.

$1 billion EU finance for Sweden's Northvolt's battery gigafactory — 17 January 2024, 17:52 CET

The European Investment Bank announced Tuesday the financing of Northvolt's circular battery gigafactory in northern Sweden, with a total lending package to slightly over $1.038 billion.

MEPs vote to cut emissions from fluorinated gases, ozone-depleting substances — 17 January 2024, 17:52 CET

The European Parliament in plenary session Tuesday approved new rules to minimise emissions from powerful greenhouse gases, in line with EU and global climate goals.

Brussels opens participation to Critical Medicines Alliance — 16 January 2024, 18:55 CET

The European Commission's Health Emergency Preparedness and Response Authority (HERA) launched Tuesday an open call for expression of interest to join the Critical Medicines Alliance.

4.3m Ukrainians under temporary protection in Europe — 13 January 2024, 18:09 CET

Nearly 4.3 million non-EU citizens who fled Ukraine as a consequence of Russia's illegal invasion on in February 2022, had temporary protection status in EU countries in November last year.

Valencia is Europe's Green Capital for 2024 — 13 January 2024, 18:08 CET

The Spanish city of Valencia became the European Green Capital for 2024 on Thursday, taking over from Estonia's capital city Tallinn at an official opening ceremony in the city.

EUR 250m boost for 5G connectivity across the EU — 11 January 2024, 22:41 CET

The EU Commission signed grant agreements Wednesday with 37 projects selected under the second set of calls for proposals for the digital strand of the Connecting Europe Facility (CEF Digital).

EU's new Data Act enters into force — 11 January 2024, 22:40 CET

The European Data Act entered into force Thursday, defining rights to the access and use of data generated in the EU, and boosting data-sharing and innovation, especially in the field of artificial intelligence.

EU tightens cybersecurity defence around its institutions — 08 January 2024, 18:35 CET

The EU's new cybersecurity regulation which lays down measures for a high level of common cybersecurity at the Union's institutions, bodies, offices and agencies came into force on 7 January.

Multinationals in EU face new era for corporate taxation — 08 January 2024, 18:35 CET

Ground-breaking new EU rules on corporate taxation came into effect on 1 January with the introduction of a 15 per cent minimum rate of effective taxation for multinational companies active in the EU.

New EU rules on cross-border payments in force 1 January — 03 January 2024, 23:21 CET

New transparency rules on cross-border payments designed to help EU Member States' tax administrations crack down on Value-Added Tax (VAT) fraud came into force on 1 January.

Belgium takes over EU presidency — 02 January 2024, 23:01 CET

Belgium took over the rotating presidency of the EU Council from Spain on 1 January, citing defence of the rule of law, democracy and the green transition among the key priorities for its six-month tenure.

Bulgaria, Romania to join Schengen area through air and sea — 02 January 2024, 22:05 CET

EU member states reached agreement Saturday for Bulgaria and Romania to join the Schengen border-free area with a first removal of air and maritime internal border controls.

MareNostrum giant boost for supercomputing power in Europe — 22 December 2023, 00:01 CET

European supercomputer MareNostrum 5 was inaugurated Thursday. Ranked one of the 10 most powerful supercomputers in the world, it will be accessible to European scientific users from March 2024.

Green light for tariffs delay on UK electric cars — 21 December 2023, 23:48 CET

The EU Council agreed Thursday to give manufacturers of electric cars in the EU and the UK more time to comply with local content requirements for electric vehicles under the EU-UK Trade Agreement.

PayPal will amend terms to comply with EU consumer rules — 21 December 2023, 23:37 CET

US fintech giant Paypal committed Wednesday to modifying its terms and conditions to make them easier to understand for consumers, following dialogue with the EU Commission.

EU reaches deal to revamp asylum and migration law — 20 December 2023, 17:43 CET

The European Parliament and EU Member States reached a long-sought agreement Wednesday on the final form of five separate EU regulations to revamp the EU’s asylum and migration legislation.

Large porn sites drawn into EU online content obligations — 20 December 2023, 17:33 CET

The European Commission named adult websites Pornhub, Stripchat and XVideos Wednesday as online platforms that now need to conform to strict content rules under the EU's Digital Services Act law.

EU signals protection downgrade for Europe's wolves — 20 December 2023, 17:24 CET

The European Commission tabled a proposal Wednesday which would mean a downgrade for the protection status of the wolf under the Bern Convention on nature conservation.

EU extends emergency measures against potential energy price shocks — 20 December 2023, 00:25 CET

EU energy ministers reached a political agreement Tuesday to extend the period of application of three emergency Council regulations helping to protect EU citizens from excessively high energy prices.

EU prolongs tariff suspension for US steel products — 20 December 2023, 00:07 CET

The European Union is to extend until 31 March 2025 the suspension of 'rebalancing tariffs' on US products in the context of a steel and aluminium dispute initially implemented during the Trump Presidency.

EU boost for more sustainable trans-European transport projects — 19 December 2023, 23:51 CET

The European Parliament and EU Council agreed late Monday on updated guidelines for a more sustainable trans-European transport network (TEN-T) to boost implementation of major projects by 2030.

EU tightens sanctions against Russia over Ukraine — 18 December 2023, 23:07 CET

The European Union adopted Monday its 12th package of sanctions against Russia, following its illegal war against Ukraine, including additional import and export bans, abd closing sanctions loopholes.

EU opens probe into disinformation, illegal content on X — 18 December 2023, 22:27 CET

The Commission opened an in-depth investigation Monday into whether X, formerly Twitter, has breached legal obligations under the EU's Digital Services Act on illegal content and disinformation.

EU strikes deal on new Euro 7 rules to reduce road transport emissions — 18 December 2023, 22:25 CET

The EU Council and European Parliament reached a provisional agreement Monday on new rules to reduce road transport emissions for passenger cars, vans, buses, trucks and trailers.