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 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

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.

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

The European Medicines Agency (EMA) said on Monday it would no longer post on X and would use rival Bluesky instead, becoming the latest organisation to quit a social media platform that some have criticised for its content.

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.

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

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

Banks across Central and Eastern Europe (CEE) and Southeastern Europe (SEE) defied expectations and reported impressive returns on equity (RoE), ranging between 15% and 20% in 2024 Raiffeisen Bank International (RBI) said in its most recent annual banking report on the region.

The EU Civil Society Facility for Central Asia works to enhance the capacity of civil society organizations, enabling them to participate in regional governance and development. The initiative fosters collaboration among governments, civil society organizations, and international stakeholders through technical support and knowledge exchanges.