The Bank of England gave its latest interest rate decision yesterday and, as predicted, they cut rates by 25 basis points to 4.5%.
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European Union Business News from EUbusiness.com
The EU Commission allocated €422 million to 39 innovative projects across the EU Thursday, aimed at deploying alternative fuels supply infrastructure along the trans-European transport network.
The EU’s high-speed railway network grew by 2,744 km from 2013 to 2023, to 8,556 km in 2023, according to figures released by Eurostat, the EU’s statistics agency.
The EU Commission set out a numer of measures Wednesday to tackle risks stemming from low-value imports sold via non-EU online retailers and marketplaces hosting non-EU traders.
Preventive healthcare expenditure in the EU accounted for 5.5 per cent of total healthcare expenditure in 2022, with Germany and Austria recording the highest shares.
Senior European legal experts concluded the legal work Tuesday on the establishment of a Special Tribunal for the Crime of Aggression against Ukraine to hold Russia accountable for its war.
The Commission and EU Intellectual Property Office launched the 2025 SME Fund Monday to provide smaller businesses (SMEs) with financial support to better manage and protect their intangible assets.
The EU’s Artificial Intelligence Act started to apply as of 2 February, laying down first rules including AI system definition, AI literacy, and a limited number of prohibited AI use cases.
The EU is to allocate almost €1.25 billion in grants to 41 cross-border energy infrastructure projects, the largest call for proposals under the Energy programme of its Connecting Europe Facility.
The Commission launched a Biotech and Biomanufacturing Hub Thursday to support companies in bringing innovative products to the EU market and increase their competitiveness.