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EU sets up new mechanisms to stave off medicine shortages

The European Commission on Tuesday launched some short-term measures to prevent medicine shortages this winter and the next as a stop-gap while a proposed...

EU green goals set to cost Romania $356 billion

Romania needs to spend $356 billion by 2050 to meet the European Union’s carbon-neutral targets, a sum its citizens are far from eager to...

Euro zone PMI hits lowest in nearly 3 years, stirs recession worries

Euro zone business activity took a surprise turn for the worse this month as demand fell in a broad-based downturn across the region, a...

Estonia has linked Baltic cable, pipeline damages, Sweden says

Estonia believes that damage to a telecommunications cable in the Baltic Sea between Sweden and Estonia is related to damage to a pipeline and cable...

EU continues talks on humanitarian ceasefire in Israel-Hamas war

EU countries are still discussing the idea of a humanitarian ceasefire in the war between Israel and Hamas but there are different ways to...

Bulgaria-Turkey LNG supply pact probed by EU antitrust watchdog

A gas transit deal between Bulgaria’s state-owned firm Bulgargaz EAD and Turkey’s Botas is being investigated by the European Union amid concerns it may...

US, allies hold talks on concerns Israel-Hamas war will spread

US President Joe Biden and the leaders of France, Germany, the UK and Canada spoke on Sunday about strategies to prevent the Israel-Hamas war...

UniCredit, Alpha Bank to merge Romanian units

UniCredit Romania, part of Italy's UniCredit, announced on Monday that it will merge with Alpha Bank Romania, a subsidiary of Greece's Alpha Bank, according...

Von der Leyen doubles down on pro-Israel stance, lashes out at Iran

European Commission President Ursula von der Leyen on Sunday reiterated her strongly pro-Israeli stance despite growing criticism from within her own staff, while also...

Orthodox church says it was hit by Israeli air strike in Gaza

A Greek Orthodox church in the Gaza Strip which was sheltering hundreds of displaced Palestinians was hit overnight by an Israeli air strike, the...