EU News

European Union Business News from EUbusiness.com

Mondelez fined EUR 337.5m for hindering cross-border EU trade — 23 May 2024, 22:42 CET

The EU Commission fined chocolate maker Mondelez International EUR 337.5 million Thursday for hindering cross-border trade of chocolate, biscuits and coffee products between Member States.

EU secures access to sustainable supply of critical raw materials — 23 May 2024, 21:56 CET

The European Critical Raw Materials Act entered into force Thursday, with the aim of ensuring a diverse, secure, and sustainable supply of critical raw materials for the EU's industry.

EU gives final green light to first worldwide rules on AI — 23 May 2024, 22:40 CET

The European Union approved the artificial intelligence act Tuesday, a ground-breaking law to harmonise rules on AI, the first of its kind in the world and looking to set a global standard for AI regulation.

EU agrees use of profits on Russian assets for Ukraine — 22 May 2024, 00:18 CET

As Russia continues its war of aggression against Ukraine, the EU adopted Tuesday a set of legal acts to use net profits from Russian sanctions for military support to Ukraine, as well as for reconstruction.

European Digital Identity rules enter into force — 22 May 2024, 00:30 CET

The rules on establishing a European Digital Identity entered into force Monday, paving the way for all EU citizens and residents to benefit from a personal European Digital Identity Wallet in 2026.

EU Council signs off on energy market reforms — 22 May 2024, 23:29 CET

The European Union gave the green light Tuesday to key electricity and gas market reforms as well as a new regulatory framework to boost the development of hydrogen and other decarbonised gases.

Sales of pesticides in the EU down 10 pct in 2022 — 20 May 2024, 23:02 CET

There was a sharp downturn in the quantity of pesticides sold in the EU in 2022, according to data on sales of pesticides released recently by the EU's statistics agency Eurostat.

New EU Regulation on waste shipments enters into force — 20 May 2024, 23:00 CET

New rules on waste shipments setting out stricter rules on export of waste to non-EU countries entered into force Monday, ensuring exported waste is treated in an environmentallysustainable way.

Brussels step up pressure on Bing over generative AI risks — 20 May 2024, 22:59 CET

The EU Commission stepped up enforcement actions against Microsoft Monday giving the company till 27 May to provide information on risks stemming from Bing's generative AI features.

New EU environmental crime directive comes into force — 17 May 2024, 23:39 CET

New rules to protect the environment through criminal law, with a comprehensive list of environmental offences addressing most serious breaches of environmental obligations, came into force Friday.

Q1 2024: bankruptcies in EU down, registrations up — 16 May 2024, 23:42 CET

The number of bankruptcy declarations of EU businesses decreased in the first quarter of 2024 by 0.8 per cent compared with the fourth quarter of 2023, EU statistics agency Eurostat reported Thursday.

54 defence industrial projects receive over EUR 1 billion of EU funding — 17 May 2024, 23:40 CET

The Commission announced Thursday results of a 2023 call for proposals amounting to EUR 1,031m of EU funding to support 54 joint European defence research and development projects.

Facebook, Instagram under EU investigation over child safety — 17 May 2024, 23:39 CET

The European Commission opened formal proceedings Thursday over Facebook and Instagram may have breached the EU Digital Services Act in areas linked to the protection of minors.

EU economy set for gradual expansion, high risks remain — 16 May 2024, 18:18 CET

Following economic stagnation in 2023, better-than-expected growth at the start of 2024 and reductions in inflation set the scene for a gradual expansion of activity, the EU Commission said Wednesday in its Spring Forecast.

EU Council strikes deal on new rules for withholding tax procedures — 15 May 2024, 17:01 CET

The EU Council reached a general approach agreement Tuesday on safer and faster procedures to obtain double taxation relief, expected to boost cross-border investment and help fight tax abuse.

Go-ahead for EU's new pact on migration and asylum — 15 May 2024, 17:01 CET

The EU Council adopted a landmark reform of the EU's asylum and migration rules Tuesday to manage arrivals in an orderly way, create uniform procedures and ensure fair burden sharing between EU states.

EU extends trade support to Ukraine for another year — 13 May 2024, 23:53 CET

The suspension of import duties and quotas on Ukrainian exports to the EU is to be extended for another year, following Monday's adoption by the Council and April 23 vote in the European Parliament.

EU signs off on stricter CO2 emission standards for heavy-duty vehicles — 13 May 2024, 23:52 CET

The EU Council adopted a regulation on CO2 emissions for heavy-duty vehicles Monday, amending existing rules to reduce CO2 emissions from road transport, with new targets for 2030, 2035 and 2040.

Booking.com has to abide by EU online rules, X under investigation — 14 May 2024, 23:37 CET

The EU continued to bring major online services under its digital remit Monday, designating Booking.com as an online 'gatekeeper', while opening a market investigation into social networking service X.

Brussels asks X for answers on content moderation — 09 May 2024, 00:54 CET

The European Commission sent American social media company X a formal request under the EU's Digital Services Act Wednesday for information on its reduction of resources for content moderation.

European Media Freedom Act in force — 09 May 2024, 00:39 CET

The European Media Freedom Act, the EU's unprecedented new set of rules designed to protect media independence and pluralism, entered into force Tuesday.

New EU law tackles violence against women — 09 May 2024, 00:57 CET

The EU Council gave the green light Tuesday to a ground-breaking EU directive to combat violence against women and domestic violence.

EUR 4.5m research funding for 324 Ukrainian scientists' projects — 08 May 2024, 01:02 CET

The European Commission tripled an initial budget of Horizon Europe's EURIZON Fellowship Programme Thursday to EUR 4.5 million to provide continuous support to Ukrainian research.

EU issues EUR 850m call for energy infrastructure projects — 01 May 2024, 18:48 CET

The European Commission issued a new call for proposals for key cross-border EU energy infrastructure projects Tuesday worth up to EUR 850 million from the EU budget.

EU awards EUR 720m for renewable hydrogen production — 01 May 2024, 23:36 CET

The EU Commission awarded nearly EUR 720m to seven renewable hydrogen projects in Europe Wednesday, selected through a first competitive bidding process under the European Hydrogen Bank.