This week's U.S. trade agreement with Japan could provide a framework for a pact with the European Union, experts say.

Exemption for higher defence spending will help Berlin avoid corrective measures, says bloc’s economy commissioner

The European Commission will probably not impose a so-called excessive deficit procedure on Germany for breaching the EU's budget deficit cap this year, Economic Commissioner Valdis Dombrovskis told the Financial Times.

GT: At the summit, leaders of China and the EU issued a joint statement on climate change, showcasing the leading role of these two major economies in fulfilling international responsibilities. What other areas of cooperation would you promote between China and the EU?

The European Medicines Agency has recommended authorizing a twice-yearly injectable drug to prevent HIV. Scientists say this could help end the virus' transmission.

Leaders from China and the European Union are now meeting at a summit in Beijing to mark 50 years of historic ties. Expectations were low after weeks of escalating tension and wrangling over its format, with the duration abruptly halved to a single day at Beijing's request.

Brussels and Budapest over the years have been at loggerheads on a range of issues, most recently that of Russia's invasion of Ukraine, but the situation has been made worse by the financial issue.Vie