Europe's plan to stop selling new gas and diesel cars by 2035 is getting a makeover. This change is happening because some countries and carmakers are pushing back. They want more wiggle room, saying the switch to electric vehicles (EVs) is happening too fast. Germany and Italy are leading the char
The European Union is inching closer to a decision on how to use frozen Russian assets to support Ukraine. However, some major hurdles remain, and a final agreement might not be reached until Thursday's EU summit. Most of the frozen Russian assets, around 210 billion euros, are currently held in th
Europe is stepping up to help Ukraine. They want to stop Russia from attacking again. This is big news. Leaders from many European countries met in Berlin. They talked about how to keep Ukraine safe. They promised to help in many ways. This includes sending troops, weapons, and money. The plan is t
Russia is in a tight spot. They want their $230 billion back. This money is stuck with Euroclear. Why? Because the EU froze it after Russia's invasion of Ukraine. Now, the EU wants to use some of this money to help Ukraine. They say it's fair because Russia still owns it, but they can't touch it. R
Romania's government managed to stay in power after a recent vote, but not everyone is happy. The vote was about a plan to change retirement rules for judges and prosecutors. The idea is to make them work longer and get less money when they retire. This is not the first time they've tried this. A co
The Czech Republic has a new government, and it's not what everyone expected. Andrej Babiš, a billionaire and populist leader, is back in charge. He was sworn in by President Petr Pavel. This new government is a mix of Babiš's ANO movement and two smaller parties: the anti-migrant Freedom and Direct
Poland is trying again to pass a law about digital money, like cryptocurrency. This isn't the first time. A similar law was stopped by the president a few weeks ago. Now, the same people are trying again, but with a few tweaks. The new law is almost identical to the old one. It's meant to follow ru
Starting in July 2026, the EU will impose a €3 customs duty on small parcels valued under €150. This change targets the surge in online shopping, particularly from Chinese platforms like Shein and Temu. Initially, the EU planned to remove the €150 exemption by 2028, but they sped up the process. Th
The European Union has made a significant move to freeze Russian assets worth €210 billion indefinitely. This decision comes after months of debate and legal maneuvering. The EU used a little-known treaty clause to bypass the usual unanimity requirement, which had become a sticking point due to Hung
Greece's finance minister, Kyriakos Pierrakakis, has secured a significant EU role, becoming the president of the Eurogroup. This group includes economy and finance ministers from across the EU. His election comes at a time when Greece is facing serious issues at home. Pierrakakis is known for his
