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.

The European Union needs to do more to keep up with the US and China, according to Economics Commissioner Valdis Dombrovskis.

Donald Trump is threatening to impose or raise tariffs on cars being imported into the US. How is the world reacting?

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

The European Commission filed a complaint at the World Trade Organization on Monday against what it said was China's "unfair and illegal" practice of setting worldwide royalty rates for EU standard essential patents without the patent owner's consent.

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,

NEW YORK, January 31. /TASS/. US Secretary of State Marco Rubio said Washington needs to engage in contacts with China and Russia, and to do so at the highest levels. "Ultimately when you’re dealing with great powers like China, it’s going to be at the highest levels <…> and that interaction will happen. In the case of Russia, the same," he said.

Europe’s leaders had plenty of warnings about what the U.S. president’s second term might mean, but amid much eye-rolling, hand-wringing and wishful thinking, they failed to agree on a plan.

The electric vehicle executive is the latest finance chief of a major U.S. company to sound the alarm over the administration’s tariff plans.