The Inflation Reduction Act, or IRA, promises tax breaks to companies making technology for clean energy. European leaders are concerned companies will flee to the U.S. to cash in on the tax breaks.
European leaders have finalized an agreement for an undersea electricity connector that could become a new power source for the EU amid a crunch on energy supplies caused by the war in Ukraine.
One of the intended outcomes of Russia's war in Ukraine is to dissolve European unity on energy policy, analysts say, but the unity is so far holding firm.
The EU chief concedes that that getting all 27 member countries — some of them highly dependent on Russia for energy supplies — to agree on oil sanctions will be extremely difficult.
The European Union is seeking China's assurances that it won't assist Russia in circumventing economic sanctions for invading Ukraine and cooperation on ending the war at today's virtual meeting.
The 25% tariff on U.S. whiskey will be removed in January. Gone too will be the tariffs on U.S. motorcycles and denim, all levied during the Trump administration's trade battle with the E.U.
Requiring vaccines can be seen as "necessary in a democratic society," the Strasbourg-based court said in its ruling on a law governing preschool kids.
