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The Latest Breaking News from European Union

EU carmakers to comply with 90% emissions reduction by 2035 as full combustion engine ban scrapped

The remaining 10% of emissions will need to be compensated for by using low-carbon steel 'Made in the EU' or sustainable fuels. The EU executive revoked the 2035 ban on the sale of new cars and vans powered by diesel or petrol after pressure from some EU countries and the…

Euronews

How Europe could use billions in frozen Russian assets to fund Ukraine’s war effort – and why it’s so risky

Most people outside of banking won’t have heard of Euroclear. It’s a Brussels-based settlement provider that enables the transfer of ownership of securities between seller and buyer. The firm is the focal point of a major geopolitical confrontation between Russia and the European Union.

The Conversation

Zelensky says new ‘Trump peace plan’ will be ready in days – but Moscow is already pushing back

Zelensky left Germany armed with Nato-style security guarantees – but was still unclear on territory

The Independent UK

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Green groups decry EU ‘betrayal’ after vote to reduce oversight of firms

Social and environmental reporting to be required of fewer companies after EPP aligns with far right to achieve goals

The Guardian - UK

'We're all Draghians': EU's Albuquerque calls to seize momentum for capital markets union

The EU's financial services chief Maria Luís Albuquerque calls on lawmakers to seize what she described as a "moment of urgency" to finalise tools to create a true European capital markets union. Albuquerque says its completion could unlock trillions and boost the European economy.

Euronews

Eastern Flank Watch defence project must be prioritised for EU funding, frontline leaders say

The Eastern Flank Watch is one of four flagship projects pitched by the European Commission to boost Europe's defence, but EU leaders have yet to endorse the proposal, which is currently light on details.

Euronews

Greece pays EU creditors ahead of schedule to boost market confidence

Greece’s early repayment of its first bailout loans underscores an important turnaround, cutting future interest costs and accelerating debt reduction as the country seeks to strengthen market confidence.

Euronews

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EU plans to water down ban on new petrol and diesel cars

Commission proposes cutting obligation for 100% zero emission vehicles beyond 2035 to 90% after pressure from industry and some EU states

The Guardian - UK

EU likely to delay free-trade deal with South America as French farmers block roads

French farmers are driving opposition to a massive trade deal between the Mercosur bloc and the European Union

The Independent UK

EU's eastern flank states gather for summit in Finland to discuss security and defence

The northern and eastern EU countries will meet in the Finnish capital to discuss how to boost their security and defence. The future of Russia's frozen assets and Ukraine's peace plan are also on the agenda.

Euronews

MEPs and EU states headed for clash over farmer safeguards in Mercosur deal

The European Parliament has confirmed a contentious "reciprocity clause" that could derail the EU-Mercosur trade deal, and member states are expected to push back on it in upcoming negotiations.

Euronews

Is the EU using the digital euro to take control of your wallet?

Numerous rumours about the digital euro have been circulating on social media for months. According to some users, the currency will be used to monitor financial transactions or could even threaten individual freedoms. The Cube has debunked some of these claims.

Euronews

Civil Service workforce jumps 3,000 to highest level for nearly 20 years

Headcount is nearly a third higher than it was at the time of the EU referendum in June 2016.

Evening Standard

China puts anti-dumping tariff of up to 18.9% on pork imports from EU

The final tariff rates that range from 4.9% to 19.8% are due to take effect on Wednesday and last for five years.

Euronews

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The Guardian - UK

Europe is a continent soaked in economic pessimism. Until we change that, the far right will rise and rise

Since 2008, struggling communities have been told they are in competition with migrants. Only a model that gives them hope will halt the populists, says Guardian columnist Owen Jones

Tom’s Hardware

Roomba maker iRobot announces bankruptcy — brand will live on under ownership of former supplier

Roomba maker iRobot goes bankrupt; now owned by former supplier Picea

Euronews

Farmers must not be sacrificed for the profit of a few industries, lawmaker says on Mercosur

The EU’s South American trade deal risks becoming another blow to European farmers as Brussels moves to cut agricultural spending, Green MEP Thomas Waitz warned. The deal has entered a crucial week in Strasbourg and Brussels.

The Independent UK

China puts anti-dumping tariff of up to 18.9% on imports of pork from the EU

China says it will begin imposing anti-dumping duties of up to 19.8% on imports of pork products from the European Union, after a review that could have resulted in tariffs of up to 62.4%

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Radio France Internationale

EU set to ease 2035 combustion-engine ban amid auto industry pressure

Europe’s plan to end the sale of new petrol and diesel cars is under fresh scrutiny, as Brussels prepares changes that could reshape the pace and direction of the continent’s shift to electric vehicles – and expose deep divisions between governments, carmakers and climate campaigners.

Euronews

Europe Today: Ukraine close to peace and EU-Mercosur to seal the deal?

Tune in to Euronews' new flagship morning programme, Europe Today, at 8 am Brussels time. In just 15 minutes, we bring you up to speed on the biggest news of the day.

Euronews

European salary rankings: Which countries offer the highest average pay?

The start of the new year is a prime time for job switching — with salary playing a key role in many employees’ decisions. Curious about what your European neighbours are earning? Here is Euronews' country comparison.

The Guardian - AU

Ukraine war briefing: US offers Nato-style security guarantees to Kyiv

Trump envoys warn deal will not be on table forever but European leaders say it’s still unclear ‘whether Russia wants peace at all’. What we know on day 1,392

The Guardian - UK

UK and South Korea sign new trade deal aimed at cars, salmon and Guinness

Government says arrangement will bring in extra £400m on top of more than £15bn of existing annual trade with Korea

International Business Times

Russia Signals Willingness to Give Ukraine Major Concession to Finally End War

U.S. officials have indicated that Putin is open to Ukraine joining the European Union, as well as other security guarantees to Ukraine.

Evening Standard

Europe sets out conditions for Ukraine peace deal after Berlin meeting

Meanwhile, US officials have reportedly offered unspecified security guarantees to Ukraine.

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