The Latest Breaking News from European Commission

The European Commission proposed on Wednesday a 9 billion euro ($9.5 billion) loan to Ukraine to keep the country going as it struggles to fend off the Russian invasion and wants to set up a reconstruction facility for after the war.

Microsoft Corp (NASDAQ:MSFT) launched a new initiative to better assist European cloud companies hosting Microsoft products like Windows and Office 365 apps after facing flak, Bloomberg reports. Microsoft will also provide greater licensing flexibility for customers. Microsoft faced a formal inquiry from the European Commission into its alleged antitrust practices.  The commission…

European Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in China

The European Union and the United States agreed on Monday to cooperate more closely to counter disrupted supply of industrial commodities and food caused by Russia's invasion of Ukraine and to combat disinformation from Moscow.

Hungary has not received any new serious proposal from the European Commission regarding oil sanctions on Russia since a visit of the Commission president to Budapest earlier this month, Hungary's foreign minister said on Monday on his Facebook page.

Academics at City Hall point to Turkish Cypriot model

The European Commission is set to propose on Wednesday a new package of financial aid to Ukraine including new loans to provide immediate liquidity to Kyiv and commitments for the long-term financing of the country's reconstruction, officials said.

The European Union’s efforts to impose a new round of sanctions against Russia over the war in Ukraine appeared to be bogged down on Monday, as a small group of countries opposed a ban on imports of Russian oil. Since Russia invaded on Feb. 24, the bloc has implemented five…

The European Union's efforts to impose new sanctions on Russia over the war in Ukraine appear bogged down