The Latest Breaking News from European Union

Donald Trump officially opened his new golf course in Scotland on Tuesday, ending a five-day trip during which the US president signed a major trade deal with the EU and gave Russia less than two weeks to end the Ukraine war.

Stellantis is bracing for €1.5 billion in losses due to US tariffs this year, placed both on cars and car parts.

The European Commission has proposed a €2 trillion long-term budget which would controversially merge agricultural and cohesion funds. Commission President Ursula von der Leyen defended the move as effective, but critics have warned it could undermine rural and regional development.

"We're in much better shape because it's now clear that if there's gonna be a real trade war with anyone, it would just be with China," Secretary Ross tells Fortune.

Merck Co. Inc. (NYSE:MRK) shares fell over 6% in early trading Tuesday after the pharmaceutical giant reported a mixed second-quarter earnings picture, with adjusted earnings surpassing analyst consensus but overall sales experiencing a slight year-over-year decline and missing revenue expectations.

The Netherlands has declared Israel's finance and national security ministers persona non grata for inciting violence and urging ethnic cleansing in Gaza.

The European Union is launching a $30 billion initiative to build a network of gigawatt-class AI data centers across 16 member states in a bid to catch up with the U.S. and China, though concerns remain over power supply, unclear specifications, and long-term business viability.

The dollar index (DXY00 ) today added to Monday's sharp gains and is up by +0.43% to a 5-week high. The dollar has carryover support from Monday following the EU-US trade deal that is seen as favoring the US. Also, expectations for the Fed to keep interest rates unchanged at...

Spanish takes second place among pupils in general education, while German wins the silver medal in vocational schools.