Brussels will propose a new tax on companies with a net turnover exceeding 50 million euros ($58.44 million) as part of an effort to generate new financing streams for the European Union’s common budget,

NEW YORK (Reuters) -Investors awaited tariff news between the U.S. and European Union on Friday that could add a potentially volatile development to the end of a week in which President Donald Trump reignited his global trade war.

Annual charge would hit groups with net turnover of €50mn or more, according to leaked European Commission proposal

British Home Secretary Yvette Cooper said Friday she expected Brussels to back a new so-called "one-in, one-out," deal with France aimed at curbing the number of migrants crossing the English Channel in small boats.

By Foo Yun Chee BRUSSELS (Reuters) -Meta Platforms is very unlikely to offer more changes to its pay-or-consent model, meaning it is almost certain to be hit by fresh EU antitrust charges and hefty daily fines,

The European Union has released a code of practice on general purpose artificial intelligence to help thousands of businesses in the 27-nation bloc using the technology comply with the bloc’s landmark AI rule book.

The EU remains hopeful it will strike a deal to avoid steep levies Trump has threatened on its exports to the US.

Most European Union countries have backed plans to agree a deal on their new climate change target by September, sources familiar with the discussions said on Friday.

His biggest grievance is the U.S. merchandise trade deficit with the EU, which in 2024 amounted to $235 billion, according to U.S. Census Bureau data. The EU has repeatedly pointed to the U.S. surplus in services that in part redresses the balance.

Markets hit record highs despite new Trump tariffs on Canada, Brazil, and EU. Earnings season begins, with volatility ticking up and investors watching guidance closely.