EU agrees on 'one of its strongest' Russia sanctions packages after Slovakia lifts veto * UK sanctions Russian intelligence units involved in cyberattacks * Ukrainian drones reportedly attack Moscow for second night in a row * Ukrainian hackers wipe databases at Russia's Gazprom in major cyberattack,

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.

Germany, the Netherlands and Sweden oppose European Union joint borrowing despite mounting global challenges, while Denmark is sceptical, finance ministers from those countries said on the sidelines of a G20 meeting in Durban,

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.

German Chancellor Friedrich Merz said on Friday that he believed the negotiations between the European Union and the US on a solution to their trade dispute were in the final phase. Speaking to reporters at the traditional summer press conference in Berlin,

European Union member states approved the launch of negotiations with six Gulf countries as the bloc seeks to broaden its international partnerships amid tariff threats from President Donald Trump.

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.