The Latest Breaking News from European Union

The European Union on Wednesday proposed curbing trade ties with Israel and sanctioning ministers in its strongest action yet over the war in Gaza, though reluctance from key member states risks blocking adoption.

If adopted by the EU’s 27 member states, the proposal would not ban trade but suspend the EU’s preferential treatment with Israel, exposing EU imports from the country to an additional €227 million in duties over a year.

The European Union's top diplomat warned Wednesday that its push for closer ties with India could be hampered by New Delhi's purchases of Russian oil and involvement in military drills with Moscow.

At least 17 people were killed in Israeli shelling on Gaza, including women and children. The Al-Rantisi children's hospital and several homes were hit, according to reports.

Nordic PMs asked the European Commission to allow flexibilities under EU forest rules.

EU executive also seeks sanctions on two Israeli ministers, but may struggle to secure majority approval required

Commission proposes package of sanctions that were trailed by Ursula von der Leyen in her State of the Union speech in Strasbourg last week.

The European Union has presented a new strategy to broaden relations with India, despite its "problematic" ties with Russia.

The EU is preparing a package of measures for the expansion of the electricity grid. The aim is to achieve faster authorisations and intelligent electricity grids so that a rapid response can be made to grid fluctuations.

Wheat is trading steady to a penny higher so far in early Wednesday trade. The wheat complex posted higher trade across the three markets on Tuesday. CBT soft red wheat futures posted 9 cent gains across the nearby contracts on Tuesday. Open interest suggested modest short covering, down 843 contracts....

The European Commission also proposes sanctions on ‘extremist ministers’ in the Israeli government and violent settlers.