The European Commission unveiled a record €2 trillion budget—its largest ever—signalling significant changes and reductions to EU agricultural funding compared to the current 2021–2027 period. The proposal confirmed earlier reports that agricultural subsidies and regional development funds would be merged into a single mega-fund worth €865 billion.

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.

The European Commission will refer the Netherlands to the Court of Justice of the European Union for directly awarding a nine-year concession to NS.

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.

The European Commission has been accused of rigging the selection process for the next European Data Protection supervisor.

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.

President Donald Trump's announcement of 30% tariffs on the European Union will have repercussions for companies and consumers on both sides of the Atlantic.

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.

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.

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,