Saab's profit beat comes against a backdrop of improved European spending appetite for defense purchases. Shares of Swedish defense giant Saab jumped on Friday morning, after the company reported stronger-than-expected profit and sales growth for the second quarter. Shares were last seen trading 12.16% higher at 3:53 E.T.

Foreign ministers from the EU's 27-member nations are meeting in Brussels in the wake of a new aid deal for Gaza, largely forged by the bloc's foreign policy chief Kaja Kallas and Israeli Foreign Minister Gideon Saar.

President Donald Trump on Saturday announced 30 percent tariffs on all European goods entering the U.S., prompting pushback from European allies.

The EU is reportedly set to ramp up its investigation into Universal Music Group’s proposed Downtown Music acquisition. That’s according to multiple anonymous and ostensibly in-the-know sources cited by Reuters.

The European Commission has declared that Indonesians travelling to European Union (EU) member countries for the second time will be eligible for multiple-entry Schengen visas.

Céline Gauer, the director general of the Recovery and Resilience Task Force (or RECOVER) at the European Commission, arrived in Romania on Tuesday, July 15, to meet with officials regarding the implementation of the National Recovery and Resilience Plan,

President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.

The European Union on Monday called in representatives from Elon Musk 's xAI after the company's social network X, and chatbot Grok, generated and spread anti-semitic hate speech, including praise for Adolf Hitler, last week. A spokesperson for the European Commission told CNBC via e-mail that a technical meeting will take place on Tuesday.

The European Commission has proposed to set a floating price ceiling for Russian oil "at a discount" of 15% to the average market price over the past three months. Approximately at this level, Russian oil is traded.