EU trade chief Maros Sefcovic will head to Washington on Wednesday for tariff talks, an EU spokesperson told Reuters, adding that he will meet U.S. Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.

The European Union has proposed a budget of close to €2 trillion ($2.3 trillion) for its next seven year budget, as it seeks to fend off a range of challenges from rising global economic competition to increased defense demands.

Analysts have kept their forecasts for prices in the European Union’s carbon market roughly steady with the spectre of tariffs from the United States and weak industrial output weighing on expectations.

BRUSSELS (Reuters) -The European Council said in a statement on Tuesday that it had imposed sanctions on seven individuals and three entities "responsible for actions aimed at destabilising" Moldova, whose leaders are bidding to join the EU by 2030.

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By Foo Yun Chee BRUSSELS (Reuters) -Universal Music Group unit Virgin Music Group's $775 million acquisition of Downtown Music faces a full-scale EU antitrust investigation on concerns about its impact on competition,