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.

The EU unveiled a much-anticipated blueprint to revamp Europe's economic model on Wednesday, marking a shift towards a more business-friendly Brussels after five years of heavy focus on green goals.With US President Donald Trump promising tariffs and a gargantuan AI push,

The EU, the U.S. and Japan already teamed up in Trump’s first term to counter the competitive threat posed by China.

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BMW said in a statement that EU duties on battery electric vehicles “harm business models of globally active companies.”

The European Union will resume its World Trade Organization case against China over the alleged economic coercion of Lithuania. The bloc's executive arm, the European Commission, said on Friday it had requested a resumption at the Geneva trade courts,

Tesla, owned by Elon Musk, is taking the European Union (EU) to court over its tariffs on electric vehicles imported from China. Filed last Wednesday with the European Court of Justice (ECJ) by Tesla’s Shanghai division, the lawsuit comes in the wake of similar legal moves by BMW and other Chinese car manufacturers.

French ministers are calling for the European Commission to immediately suspend standards for car emissions on the grounds that the regulation benefits Chinese manufacturers and Tesla Inc.

Chief warns country could be vulnerable to Chinese, Russian influence if it is forced to abandon operations there

CHISINAU – President Donald Trump’s abrupt freeze of U.S. foreign aid is sending shockwaves through Eastern Europe, leaving pro-democracy groups, independent media, civil society initiatives and local governments scrambling to make ends meet in a region often defined by rivalries between East and West.

Smiths Group propped up the FTSE 100, rising more than 14% after the opening bell following news it had responded to activist investor calls to split up its business.