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.

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Please participate in our short survey .

Analysts have kept their forecasts for prices in the European Union’s carbon market roughly steady with the spectre of tariffs from the United States and weak industrial output weighing on expectations.

The European Union's financial capabilities depend on this bill, which was presented to members of the European Parliament on Wednesday. It sets the amount of available resources for seven years, distributes them among the 27 member states and allocates funds to the various EU-wide policies.

More than 70% of counties around the world have banned the death penalty, including the European Union. And yet in the U.S., capital punishment has hit a 10-year high. Distinguished Princeton University Professor Eddie Glaude and civil rights attorney Charles Coleman join Chris Jansing to discuss why this is a “moment of crisis” for the country.

A second tranche of retaliatory tariffs under consideration by the European Union would hit more than $7 billion in annual U.S. ag exports, according to a copy of a list obtained by Agri-Pulse.

Foreign ministers from the EU's 27-member nations are meeting in Brussels in the wake of a new aid deal for Gaza, largely forged by the bloc's foreign policy chief Kaja Kallas and Israeli Foreign Minister Gideon Saar.

The EU – the United States' biggest trading partner – had been scheduled to impose "countermeasures" starting Monday at midnight in Brussels

President Donald Trump's 30 percent tariffs on European Union imports may raise costs for everything, possibly including your fave item.