The European Commission presented on Wednesday its plans to reverse industrial decline in the bloc and step up efforts to compete with the United States and China in new fields such as AI, and to lower energy costs and cut red tape.

Euro zone manufacturers are more worried about cheap imports from China than tariffs from the United States, a European Central Bank survey showed on Friday.

The EU unveiled a much-anticipated blueprint to revamp Europe's economic model on Wednesday, marking a shift towards a more business-friendly Brussels after five years of heavy focus on green goals.With US President Donald Trump promising tariffs and a gargantuan AI push,

The EU, the U.S. and Japan already teamed up in Trump’s first term to counter the competitive threat posed by China.

Donald Trump is threatening to impose or raise tariffs on cars being imported into the US. How is the world reacting?

The European Commission will publish its Competitiveness Compass today in an attempt to secure the future EU economy. #RadioSchuman

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BMW said in a statement that EU duties on battery electric vehicles “harm business models of globally active companies.”

French ministers are calling for the European Commission to immediately suspend standards for car emissions on the grounds that the regulation benefits Chinese manufacturers and Tesla Inc.

The most striking slowdown was seen in Europe: green investment slid by 6.5 per cent in the EU, and 12 per cent in the UK. A major part of the problem was renewable energy investment, which fell by 10 per cent in the EU and an ugly 68 per cent in the UK, according to BloombergNEF.

Dmitry Peskov, spokesperson for Kremlin ruler Vladimir Putin, has swiftly denied that the creation of a new common currency is being discussed, following US President Donald Trump’s threat to impose 100% tariffs on BRICS countries if they attempt to establish their own currency to replace the US dollar.