Hungary is against the idea of making upcoming EU-wide stimulus conditional on respecting the Union's democratic values — an opinion that's likely to spark further tension with its European partners.
The United States has shocked Europe by pulling out of negotiations over an international digital tax and threatened to retaliate if the region moves ahead with plans on its own.
New York Gov. Andrew Cuomo is holding his daily news conference Wednesday as the state begins to see its Covid-19 outbreak ease and pushes further into reopening.
The European Commission proposed Wednesday to have a bigger say when foreign state-backed firms buy stakes in European companies to a point where it could prohibit the merger.
The IMF had expected the global economy to experience its worst financial crisis since the Great Depression of the 1930s — now it has warned that things could be even worse.
The European Commission, the executive arm of the EU, said it will assess whether Apple's rules for app developers on the distribution of apps via the App Store breach EU competition rules.
The aim of the website is to boost tourism — a key economic driver for many EU countries — at a time when the industry grapples with severe financial uncertainty.
The European Union and the U.K. government have decided to intensify Brexit talks over the coming weeks amid growing concerns that both sides might fail to reach a trade deal by the end of the year.
Airports have been heavily impacted by the coronavirus pandemic, with airlines stopping or significantly reducing their flights in the wake of lockdowns and travel restrictions to contain Covid-19.
On Thursday, Cuomo said New York will allow five central and upstate regions to move to phase three of reopening on Friday, permitting restaurants to reopen for indoor dining as well as other businesses.
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