EU unveils €2-trillion budget proposal
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Trump eyes more deals soon, EU readies retaliation
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Good morning. Germany said no to the European Commission’s €2 trillion budget proposal. Keir Starmer and Friedrich Merz will sign a new treaty in London. And about 1,000 people join the waitlist every night for fried chicken.
The European Commission on Wednesday proposed a 2 trillion euro ($2.31 trillion) EU budget for 2028 to 2034, with a new emphasis on economic competitiveness and defence and plans to overhaul traditional spending on farming and regional development.
The European Commission advanced a $2.3 trillion budget proposal that would boost EU defense spending through the next three years.
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The European Union has proposed a budget of close to €2 trillion ($2.3 trillion) for its next seven year budget, as it seeks to fend off a range of challenges from rising global economic competition to increased defense demands.
European Commission President Ursula von der Leyen on Wednesday unveiled the EU's proposed new budget for 2028-2340, calling it a "budget for a new era".
One of the European Union’s most reliable punching bags is shaped like a bottle of whiskey. The EU this week circulated to member states a list of products it could hit with tariffs if a trade deal is
EU trade ministers have agreed that U.S. President Donald Trump’s 30% tariffs announced on the European Union are “absolutely unacceptable,” and they are studying a new set of countermeasures to respond to the move.
The normalisation of ties was first confirmed by both the European Parliament and Beijing earlier this year. Wednesday's remarks also came ahead of a China-EU leaders' summit slated for later this month when the EU's Ursula von der Leyen and Antonio Costa are expected to meet Chinese President Xi Jinping and Premier Li Qiang in Beijing.