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, to lower energy costs and to 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 European Commission will publish its Competitiveness Compass today in an attempt to secure the future EU economy. #RadioSchuman

The publication of the 'competitiveness compass' aims to mark a change of tack toward a more business-friendly Brussels.

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Mercedes-Benz Group AG is joining a Geely lawsuit against European Union tariffs on electric cars imported from China, adding to a flurry of legal cases targeting the duties.

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.

European Union foreign policy chief Kaja Kallas and U.S. Secretary of State Marco Rubio discussed the Ukraine war, Iran and China on Tuesday in their first phone call since the Trump administration took office on Jan.

German Chancellor Olaf Scholz on Tuesday divulged that the commission was considering an EU subsidy programme that he had proposed. The German government scrapped its own scheme abruptly in 2023, leading to a plunge in EV sales.

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