European Union News

Global Unity Essential for AI Advancement Amidst Fierce Competition, Says EU Leader

European Commission President Ursula von der Leyen calls for global cooperation on AI development at the World Economic Forum, emphasizing the need to manage risks and seize opport...

Breaking New Ground: EIB and Societe Generale Unite to Propel Wind Power Investments

The European Investment Bank and Societe Generale have entered into a significant agreement to boost wind energy investments, potentially unlocking up to €8 billion. This initiativ...

EIB and Societe Generale Forge Historic Pact to Propel Wind Energy Investments Across Europe

The European Investment Bank and Societe Generale have agreed to a €500 million counter-guarantee to boost wind energy investments, potentially unlocking €8 billion in support. Thi...

Eurozone Inflation Drops Slightly in November: What You Need to Know

Eurostat revises Eurozone's November inflation down to 2.2%, a slight increase from October's 2.0%. The monthly CPI declines by 0.3% in the Eurozone and by 0.2% in the EU, driven b...

Germany's Trade Surplus Drops to €13.4 Billion in October

Germany's trade surplus dropped to €13.4 billion in October, down from September's €16.9 billion and €18.9 billion in October 2023. Exports and imports both saw changes, with signi...

Eurozone Unemployment Holds Steady at 6.3% in October: A Detailed Analysis

The seasonally adjusted unemployment rate in the euro area stood at 6.3% in October, unchanged from last month's reading, Eurostat revealed in its report issued on Monday. The rate...