The Middle East conflict has repercussions at both the regional and global levels. The increase in oil prices has spread to the gas and fuel sectors, prompting the European Union to prepare contingency measures to minimize the effects on consumers.
The EU is streamlining procedures for importing…
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European Union
The EU needs a payment system independent of Mastercard and Visa
Payments, transfers, and other transactions in euros within the European Union are carried out using Mastercard and Visa. As a response to eliminate dependence on these intermediaries, the European Central Bank has implemented the Wero…
EU approves regulation to eliminate Russian gas imports
European Union member states approved the regulation to begin the phase-out of liquefied natural gas and pipeline gas imports from Russia in 2027.
The decision, approved by a qualified majority, with Hungary and Slovakia voting against and…
The European Union to increase investment in AI and other technologies
The European Union's investment in new technologies, including AI, will exceed €307 million this year, of which €221.8 million will be allocated to an initial funding line focused on the development of secure AI systems.
This investment…
EU approves agreement with Mercosur
The countries of the European Union approved the agreement with Mercosur last Friday, January 9, after more than 25 years of negotiations, representing a historic step towards the creation of the world's largest free trade area.
The…
EU signs agreement to eliminate Russian natural gas imports by 2027
An agreement has been signed within the European Union, which will be presented in early 2026, to stop importing Russian natural gas starting on December 31 of that year.
Furthermore, member states are committed to halting the import of…
Poverty rates have decreased in the European Union
According to the EU's statistical office, Eurostat, “the overall poverty rate in the EU fell to 17.4 %, decreasing sharply in southern and eastern countries (Cyprus -38 %). However, Eurostat confirms that it rose in France (+2 %) and the…
Lula da Silva anticipates signing of Mercosur-EU free trade agreement in December
The free trade agreement between the Southern Common Market (Mercosur) and the European Union will be signed on December 20, according to Brazilian President Luiz Inácio Lula da Silva, who made the announcement after participating in the…
The European Union could create a regulator to oversee crypto exchanges
The European Commission is evaluating a draft proposal to create a regulatory body similar to the US SEC to oversee crypto exchanges.
According to the Financial Times, the restructuring of the financial supervision framework in the bloc,…
WhatsApp tests feature to enable groups with users of other apps
WhatsApp is preparing to launch a new feature that will allow users to create groups with users of other messaging applications, in response to the new EU regulation called the Digital Markets Act.
The feature is already in the testing…
Christine Lagarde proposes reinforcing the euro against the weakness of the US dollar
The US dollar appears to be struggling in the global market. Given this decline in the most widely used currency in international trade, the President of the European Central Bank, Christine Lagarde, urged the bloc's governments to…
Eurozone inflation surpasses expectations
In September, eurozone inflation exceeded analysts' projections, closing the month with a 2.2 % increase. This trend was driven by rising prices for goods and services, particularly energy costs.
According to the European Central Bank…