The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading economies France and Germany.

The European Union's sanctions on vessels transporting Russian grain, along with Turkey's wheat import ban, impacted Russian grain exports at the end of 2024, the country's central bank said on Thursday.

The EU faces a ‘slow agony’ without significant investment and reform, a top European economist has forewarned. If the continent hopes to catch up with the US and China, it will need to make some radi

Brussels has called on EU member states to help revive the bloc's sluggish economies. It laid out a Competitiveness Compass with policies to boost growth. Can the plan make Europe fit for competing with China and the US?

Brussels hopes simplifying green compliance rules will boost Europe’s flagging economy. Green groups fear something more sinister.

EU nations must work together quickly to help the bloc compete against global economic powerhouses like China and the U.S., European Commission President Ursula von der Leyen said.

The European Commission presented on Wednesday its plans to reverse industrial decline in the bloc and step up efforts to compete with the United States and China in new fields such as AI, and to lower energy costs and cut red tape.

Europe’s economy stagnated late last year as its former growth engine, Germany, finished a second straight year of shrinking output.

New technology from Chalmers University of Technology and the University of Gothenburg, Sweden, is helping the EU establish its own competitive computer manufacturing industry. Researchers have developed components critical for optimizing on-chip memory,

The European Commission has published on the 29th January the “Competitiveness Compass for the EU”, setting out ambitious initiatives aimed

EU member states have been told to review transactions that have taken place since January 2021 in areas where these technologies have formed part of overseas investment. They must submit a progress report in July and a comprehensive risk assessment a year later.