AI, biotech and affordable clean energy will be the focus of an EU drive to make the bloc globally competitive and ensure it keeps pace with rivals the United States and China, according to a draft European Commission paper seen by Reuters.

Sir Keir Starmer is facing pressure from European leaders to join a €500 billion defence scheme, amid threats to Nato by Donald Trump.

European Central Bank President Christine Lagarde speaks on a panel at the World Economic Forum in Davos, Switzerland.

Despite sustainable finance headwinds, EU Taxonomy reporting growth is encouraging. Bloomberg data shows a significant increase in Taxonomy alignment and reveals that large EU firms are also becoming more sustainable.

The European Union needs to do more to keep up with the US and China, according to Economics Commissioner Valdis Dombrovskis.

The European Union cannot rely on the United States to defend it and must increase military spending and security preparedness to deter Russia from targeting more of its neighbors after Ukraine, senior officials have warned.

The EU executive’s proposed Competitiveness Compass seeks to expand trade relations while bolstering the bloc’s defenses against the dependencies they

The European Union’s Digital Operational Resilience Act (DORA) came into effect on January 17, 2025. DORA aims to harmonise rules concerning the provision of information and communication technology (ICT) services to regulated financial institutions and ensure they are capable of maintaining their operations through periods of severe disruption.

For U.S. business leaders, particularly in the financial space, there are lessons to be gleaned from the EU and its enterprises.

BRUSSELS (Reuters) - U.S.-based International Paper secured EU clearance for its 5.8-billion-pound ($7.2 billion) acquisition of UK rival DS Smith with a pledge to sell assets to address competition concerns.