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IEA, EU discuss proposed oil, diesel stocks release, sources say

IEA, EU discuss proposed oil, diesel stocks release, sources say

By Kate Abnett and Holger Hansen BRUSSELS, Oct 7 (Reuters) - The International Energy Agency and European Union on Wednesday were discussing an oil and diesel stocks proposed last week with diplomats and analysts expecting it to include volumes pledged in March.
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European Commission Ends Funding for European Network Against Racism, Raising Concerns Among NGOs

European Commission Ends Funding for European Network Against Racism, Raising Concerns Among NGOs

The European Commission has decided to discontinue funding for the European Network Against Racism (ENAR), a network comprising over 140 anti-racist organizations across Europe. This decision has prompted deep alarm among 186 non-governmental organizations, including Human Rights Watch, who argue that it will undermine the European Union's democracy agenda. ENAR, founded in 1998, is Europe's largest anti-racism network and has been a key partner for the European Commission for over two decades. Its work includes advocating for policies like the Race Equality Directive and the Anti-Racism Action Plan, and funding grassroots organizations through its Empowerment and Resilience Fund. The withdrawal of core funding could potentially force ENAR to cease operations by the end of 2026.
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EU sends envoy to Beijing as rising exports from China raise economic anxiety

EU sends envoy to Beijing as rising exports from China raise economic anxiety

The European Union is bracing for a confrontation with China as a trade deficit exceeding $1 billion a day heightens anxiety over potential job losses and pushes the bloc’s political leaders to take a more aggressive approach toward its second-largest trading partner
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Bulgaria's president blames Russia's war in Ukraine for worsening security environment in Black Sea

Bulgaria's president blames Russia's war in Ukraine for worsening security environment in Black Sea

Bulgaria’s president says that Russia’s war against Ukraine has led to a significant deterioration of the security environment in the Black Sea region
ReutersReuters
Italy's Meloni secures final approval for contested electoral reform

Italy's Meloni secures final approval for contested electoral reform

ROME, Oct 8 (Reuters) - Italy's lower house of parliament gave final approval on Thursday to a fiercely contested electoral reform championed by Prime Minister Giorgia Meloni which could play a key role in the outcome of a national election due next year.
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EU seeks to cut trade deficit with China in talks with Beijing

EU seeks to cut trade deficit with China in talks with Beijing

By Philip Blenkinsop BRUSSELS, Oct 7 (Reuters) - European Trade Commissioner Maros Sefcovic heads to Beijing on Wednesday for key talks designed to reduce the European Union's growing trade deficit with China, which threatens to destroy EU industry and many thousands of jobs.
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European Commission Disburses €1.24 Billion to Ukraine for Drones and Missiles

European Commission Disburses €1.24 Billion to Ukraine for Drones and Missiles

The European Commission has disbursed €1.24 billion to Ukraine, specifically earmarked for the production of drones, drone interceptors, drone ammunition, and missiles within Ukraine. This payment is part of a larger €90 billion Ukraine Support Loan, with an indicative split of €60 billion for defense and €30 billion for budget support over 2026–2027. According to Andrius Kubilius, Commissioner for Defence and Space, every euro sent to Ukraine is being converted into defense assets, simultaneously aiding Ukraine's self-defense and bolstering its defense industry. Commission President Ursula von der Leyen emphasized that this disbursement will help strengthen Ukraine's defense industry and its ability to protect its people and infrastructure against ongoing attacks. This marks the fifth defense payment made under the Ukraine Support Loan, with further disbursements anticipated in the coming weeks.
ReutersReuters
IEA to meet Wednesday over proposed release of oil, diesel stocks, two EU diplomats say

IEA to meet Wednesday over proposed release of oil, diesel stocks, two EU diplomats say

By Kate Abnett BRUSSELS, Oct 7 (Reuters) - The governing board of the International Energy Agency will hold an informal meeting at 1300 local time (1100 GMT) on Wednesday to discuss a proposed release of oil and diesel stocks, two European Union diplomats said.
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European Commission Registers Citizens' Initiative for Sovereign .IA Domain and Ethical AI Framework

European Commission Registers Citizens' Initiative for Sovereign .IA Domain and Ethical AI Framework

The European Commission has officially registered a European Citizens' Initiative (ECI) titled 'Creation of a European Digital Space (.IA) for Sovereign AI Governance.' This initiative calls upon the Commission to establish a framework for 'High-Trust Digital Spaces' and testing environments for ethical AI within the EU. A key objective is to negotiate with ISO and ICANN/IANA to reserve, protect, and allocate the '.IA' namespace as an asset of European digital sovereignty. Furthermore, the initiative aims to ensure that the registration and resolution of the .IA domain integrate the Sovereign Digital Identity (eIDAS 2.0), transparent algorithmic auditing (AI Act), and robust data protection (GDPR). The registration of this ECI signifies that it meets the formal legal conditions, though the Commission has not yet analyzed the substance of the proposals or committed to any action. The organizers now have six months to begin collecting signatures, with a 12-month period to gather at least one million valid st...
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Italy's tax evasion above expected and rising, Treasury report shows

Italy's tax evasion above expected and rising, Treasury report shows

By Giuseppe Fonte ROME, Oct 6 (Reuters) - Italy's tax evasion is higher than previously estimated and on an upwards trend, new government data shows, raising questions about Rome's ability to tackle a chronic problem as it seeks to keep its strained public finances in check.
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Italy’s Meloni follows pop stars in seeking to trademark her voice to combat AI deepfakes

Italy’s Meloni follows pop stars in seeking to trademark her voice to combat AI deepfakes

Italian Premier Giorgia Meloni has applied to trademark her voice with the European Union intellectual property office in a bid to bolster protections against AI-generated deepfakes
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France, Germany propose new rapid EU trade response tool

France, Germany propose new rapid EU trade response tool

By Philip Blenkinsop and Andreas Rinke BRUSSELS/BERLIN, Oct 5 (Reuters) - France and Germany have proposed the European Union toughen itself up with a new rapid-action measure to strike back against countries that harm the bloc economically in a new world where trade is increasingly used as a weapon