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European Union
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European Union

European Union
European Union
The latest breaking news and stories on the European Union (EU), an economic and political union of 27 member states mainly located in Europe, which accounts for around a sixth of global economic output. Also covering the EU’s relationship with the UK (post Brexit), China and the US, plus commentary and updates on EU legislation, the euro and trade.
China’s commerce ministry says China and the EU are exploring a trade and investment consultation mechanism, but it has not offered details of the plan. Photo: CN-STR/AFP
China-EU relations

As EU mulls trade tools, China vows to take steps against any new restrictions

While warning of retaliation against ‘new trade instruments’, Beijing says China-EU communication channels remain open.

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International Property

Spain’s property market sees boost as Hongkongers, others, depart UK and Canada

China-Japan relations

China and Japan aren’t talking. Will their rare earth trade go quiet?

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China-EU relations

Brussels agrees on tougher China trade policy, as Beijing vows retaliation

Trade chief details why bloc needs to take stronger steps to defend itself from what is described as a new ‘China shock’ to its industries.

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European Commissioner for Trade and Economic Security Maros Sefcovic is expected to ramp up safeguard measures in sectors that are under severe pressure from Chinese overcapacity. Photo: Reuters
China-EU relations

EU’s 6 biggest economies agree on capital markets supervision

It is part ‌of a bid to boost EU’s competitiveness as it struggles with weak growth and fierce competition from the US and China.

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China-EU relations

The era when Europe viewed China as a partner is over, Brussels insider warns

A new era of fractious EU-China trade relations is here to stay, as Brussels’ view of Beijing has fundamentally changed, lobbyist says.

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Artificial intelligence

Asia faces ‘costly paradox’ over divergent AI rules in US and EU

Regional countries are adapting either the US or EU legal framework, while Asian tech firms risk incurring a ‘regulatory fragmentation tax’.

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An AI robot looking into a crystal ball. Analysts say the compliance costs for AI rules in the US and the EU would be significant. Photo: Shutterstock
Semiconductors

Wingtech says core of Nexperia’s China unit now based on mainland

The statement comes amid escalation in the Nexperia conflict, as Wingtech files a lawsuit in China against chip firm.

Hong Kong economy

Opinion | Cross-border wealth hub crown latest sign Hong Kong is roaring back

City overtook Switzerland in BCG wealth report, underscoring vital ‘superconnector’ role between mainland and international capital markets.

China-EU relations

JD.com’s US$2.6 billion bid for Germany’s Ceconomy faces deeper EU scrutiny

European Commission launches in-depth investigation under Foreign Subsidies Regulation in latest instance of Brussels-Beijing tensions.

A European Union flag flies outside the European Commission headquarters in Brussels, Belgium in February. Photo: Reuters
China-EU relations

EU heavyweights back industrial accelerator as China shock fears grow

Highlighting urgency, bloc’s major members offer qualified support of legislative proposal that has deepened tensions with Beijing.

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Adolfo Urso, Italy’s business minister, urges the EU to move quickly and pass the Industrial Accelerator Act. Photo: EPA
Switzerland

3 wounded in blade attack at Swiss railway station

The suspect – a 31-year-old Swiss-Turkish man – has been arrested. The attack is being treated as a terrorist act , a security official said.

Nato

Germany, Netherlands to set up Nato command centre in Baltics

The centre, known as 1GNC, is a command centre that can control up to 50,000 troops.

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France

France becomes first EU country to reimburse anti-obesity drugs

The move is estimated to cost the state around €100 million (US$116 million) annually at full roll-out.

A photo of Novo Nordisk’s weight loss drug Ozempic in Paris. Photo: AFP
China-EU relations

Europe plans tougher response to China Shock 2.0

EU officials will discuss new trade protection measures at a meeting on Friday as the continent’s companies contend with a deluge of Chinese imports.

Cars made by Chinese automaker BYD on display at a show in Munich, Germany. Photo: Xinhua
China-EU relations

European leaders get ready to ‘act now’ amid rising fears of ‘China shock 2.0’

Ahead of a key debate on Friday, most commissioners said to support a more robust stance and broader use of safeguard measures.

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China trade

Exclusive | China’s date with Dutch trade minister on cards for early July: source

The Netherlands’ trade chief and his delegation will come at a pivotal diplomatic moment, as The Hague faces pressure from US tech-export laws.

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Spain

Spanish police search headquarters of PM Sanchez’s ruling party

The raid is another blow to the prime minister’s party, whose Socialists have been hammered by a series of corruption scandals.

Members of the media gather outside the Socialist Party’s headquarters as Spanish police cordon off access to on a judicial order to gather information on a possible illegal financing scheme, in Madrid on Wednesday. Photo: Reuters
China-EU relations

‘Champion’ of stability: why EU firms in China are finally feeling less gloomy

European firms’ confidence in China is starting to rebound for the first time in years, as Beijing offers stability amid global turbulence, survey finds.

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Belgium

‘Extremely violent’: 2 students among 4 dead in Belgium after train hits school bus

Belgium, ⁠where a dense railway network criss-crosses towns and villages, has a history of accidents at level crossings.

Pope Leo XIV

Pope calls for ‘disarming’ of AI, technology should be ‘human friendly’

Pope Leo called for the ‘disarming’ of artificial intelligence, and warned of ‘new forms of slavery’ behind its rise.

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Pope Leo XIV attends the presentation of his first Encyclical Letter ‘Magnifica Humanitas’, focused on the rise of artificial intelligence, in The Vatican on Monday. Photo: AFP
China’s military

China boosts peacekeeping budget share amid warnings UN may be sidelined

SIPRI says Beijing’s participation in such UN missions helps ‘project an image of itself as a responsible major power’.

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China's largest peacekeeping deployment last year was to the UN Mission in South Sudan. Photo: Handout
Turkey

Turkish riot police storm opposition party HQ to evict ousted leadership

Security forces unleash tear gas and rubber bullets inside CHP offices following a highly controversial court ruling.

Diplomacy

Opinion | Serbia can help build bridges between Europe and China

Serbia’s experience proves that cooperation with China brings concrete benefits to ordinary people, workers and families.

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Israel-Gaza war

EU next? Israeli far-right minister Ben-Gvir banned from French territory

Many nations were angry after the minister posted a ‌video of himself taunting activists being pinned down after trying to help Gaza.

Israeli far-right lawmaker Itamar Ben-Gvir has been banned from French territory. File photo: AP
Pope Leo XIV

‘The blind few’: Pope urges end to pollution, decries profits earned

The world should ‘reject temptations of power and enrichment linked to practices that pollute the land, water, air, and social coexistence’.

Pope Leo during his visit to Acerra, Italy, on Saturday. He has been speaking out more forcefully in recent weeks and will issue a major document, relating to AI, on Monday. Photo: AP
Banking & finance

Macroscope | Can Europe and Asia break the grip of US bond markets?

Too much money is chasing too few investment opportunities. Unified bond markets in Europe and Asia could offer safe options for savings to flow into.

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France

France’s youngest PM Attal to run for president

Gabriel Attal was just 37 when he became France’s youngest prime minister in 2024.

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