The AI Act applies to AI models that the commission deems to carry systemic risks that could significantly affect "public health, safety, fundamental rights, or society," reports Reuters. It also includes the most well-known "foundational models" from companies like Meta, OpenAI, Google, and Anthropic.

German Chancellor Friedrich Merz on Friday cast doubt on the possibility of Ukraine joining the European Union by 2034, saying accession was unlikely to come at a point affecting the bloc's medium-term finance plans,

Crafting a budget for 27 countries stretching from Lapland to Lisbon is a fiddly process. In fiscal terms the “multi-annual financial framework”, as it is known in Brussels patois, is of peripheral concern.

European Commission President Ursula von der Leyen has unveiled a proposal for a long-term EU budget that she says will total $2.3 trillion

Iceland will launch talks on a security and defence partnership with the European Union, Icelandic Prime Minister Kristrun Frostadottir said on Thursday at a joint press conference with European Commission President Ursula von der Leyen in Keflavik.

The European Union’s climate chief expects to attract the financial firepower of some of the bloc’s biggest pension funds to help modernize power grids that are key to the green transition.

President Trump threatens to raise tariffs, claiming the European Union won't buy U.S. cars or food — but 2024 trade data shows otherwise.

The chief executive of Volvo Cars urged the European Union to cut its 10% tariff on American-made cars, arguing that European automakers do not need protection from U.S. competitors, in an interview with Reuters on Thursday.