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Ukrainian President Volodymyr Zelensky on Friday asked European Union leaders to provide Kyiv an extra 70 billion euros (US$79 billion) in funding next year to help it keep fighting Russia. “The war will cost 155 billion euros next year. And we need at least 70 billion euros more from you – for defence, for weapons and for our resilience,” Zelensky said in a speech at an EU summit in Brussels. “This is a realistic amount. And I ask you to find this support. It will help us hold Russia back.” The...
China warned the European Union not to underestimate Beijing’s determination to defend its interests, dismissing claims that the bloc’s pressure yielded concessions in recent automotive trade talks.
European Union leaders supported creating a tool to potentially shut out Chinese goods as a growing flood of low-cost imports pushed the bilateral trade deficit to a record. Officials could start work on developing a trade “kill switch”, European Commission President Ursula von der Leyen signalled to EU leaders at a Brussels meeting on Thursday, the South China Morning Post reported, citing unidentified people briefed on the talks. Leaders requested a proposal by year-end, Bloomberg News said....
Romanian President says EU leaders need to show they will keep supporting Ukraine, as Russia has also been attacking ships in the Black Sea and the relation between President Zelenskiy and Trump has deteriorated over the past few days. Nicusor Dan sat down with Bloomberg’s Oliver Crook on the sidelines on an EU leaders meeting in Brussels on Friday. (Source: Bloomberg)
Over the past year there has been a stark rise in anti-government activists deported to Russia from the EU and US where they were seeking refuge.
France and Germany have backed looser EU emissions rules for carmakers and agreed to include Britain in a “made in Europe” scheme, in a provisional deal reached Thursday that could reshape the bloc’s automotive and climate policies.
Chemicals and industrial machinery were identified as the top priority industries the EU needs to shield against Chinese imports during a meeting between the EU’s top leaders in Brussels on Thursday. European Commission President Ursula von der Leyen told the bloc’s 27 member states that the EU should consider quickly introducing safeguard measures, which can involve import quotas and tariffs, to shield these sectors from a wave of cut-price alternatives from China, according to people familiar...