Latest European Union News

With Ukraine losing ground, allies debate how to squeeze cash for Kyiv out of frozen Russian assets

May. 23, 2024 07:42 AM EDT

FRANKFURT, Germany (AP) — Ukraine's allies are wrestling with how to squeeze money out of frozen Russian assets to support Kyiv's war effort, a debate that is ever more urgent as Russia gains territory on the battlefield and as the outlook for Ukraine’s state finances looks shakier. ...

EU Commission fines Oreo maker Mondelez 337.5 million euros for blocking cross-border sales

May. 23, 2024 07:25 AM EDT

BRUSSELS (AP) — The European Commission has imposed a fine of 337.5 million euros ($366 million) on food company Mondelez, the owner of Oreo cookies and other snack brands, for obstructing sales of its products between EU member states, the bloc's executive arm said on Thursday. ...

UK's Cameron praises progress in joint effort with Albania to stop illegal migration

May. 22, 2024 09:21 AM EDT

TIRANA, Albania (AP) — British Foreign Secretary David Cameron hailed progress in a U.K.-Albania joint effort to cut illegal migration, saying small boat arrivals from Albania to the U.K. fell by over 90% in 2023 as the two countries fought people smuggling gangs, according to a Foreign Office...

How is the violent unrest in New Caledonia impacting global nickel prices?

May. 22, 2024 06:57 AM EDT

JAKARTA, Indonesia (AP) — Global nickel prices have soared since deadly violence erupted in the French Pacific territory of New Caledonia last week. The overseas territory, which has been under French rule for over 170 years, is a major global producer of the critical material...

AI companies make fresh safety promise at Seoul summit, nations agree to align work on risks

May. 21, 2024 12:35 PM EDT

SEOUL, South Korea (AP) — Leading artificial intelligence companies made a fresh pledge at a mini-summit Tuesday to develop AI safely, while world leaders agreed to build a network of publicly backed safety institutes to advance research and testing of the technology. Google, Meta...

Greek judge dismisses case against Egyptians accused in shipwreck that killed hundreds of migrants

May. 21, 2024 12:21 PM EDT

KALAMATA, Greece (AP) — A Greek judge dismissed a case Tuesday against nine Egyptian men accused of causing a shipwreck that killed hundreds of migrants last year and sent shockwaves through the European Union’s border protection and asylum operations, after a prosecutor argued that Greece...

EU reprimands Kosovo's move to close down Serb bank branches over the use of the dinar currency

May. 21, 2024 11:27 AM EDT

PRISTINA, Kosovo (AP) — The European Union reprimanded Kosovo Tuesday over the unilateral closure of six branches of a Serbia-licensed bank, saying the move would negatively impact the life of the ethnic Serb minority living in northern Kosovo and damage Kosovo-Serbia normalization talks. ...

EU seals a deal on using profits from frozen Russian assets to help arm Ukraine

May. 21, 2024 08:24 AM EDT

BRUSSELS (AP) — European Union countries announced on Tuesday that they have reached an agreement to use the profits earned from frozen Russian assets to provide military support to Ukraine and help rebuild the war-torn country. The 27-nation EU is holding around 210 billion euros...

Austrian leader lauds UK's efforts on migration and cites its plan for deportations to Rwanda

May. 21, 2024 06:30 AM EDT

VIENNA (AP) — Austria's leader praised Britain Tuesday as a “pioneer” in outsourcing asylum proceedings to places outside Europe, citing a U.K. bill to send migrants to Rwanda as he hosted Prime Minister Rishi Sunak in Vienna. Austrian Chancellor Karl Nehammer's conservative...

Kosovo shuts 6 Serb bank branches over use of the dinar currency in a move that could raise tensions

May. 20, 2024 15:09 PM EDT

PRISTINA, Kosovo (AP) — Kosovo police on Monday closed six branches of a Serbia-licensed bank in line with the decision on the ban of the use of the Serbian dinar currency in the country, a move that has raised tension with neighboring Serbia. A police statement said they closed...