U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal. It raises tariffs on most European goods to 15%.

The sharp increase in U.S. trade tariffs on the European Union will not trigger immediate sovereign rating cuts, but could compound existing pressures, Fitch and other agencies said on Tuesday, while Moody's warned of the effect on exporting firms.

Russia’s flagship Urals crude is trading at its narrowest discount relative to benchmark prices since the Kremlin started its war against Ukraine in 2022, suggesting that fresh European sanctions have so far failed to make an impact.

The U.N.'s World Food Programme has said that almost 470,000 people in Gaza are enduring famine-like conditions, with 90,000 women and children in need of specialist nutrition treatments. The Israeli government has rejected international criticism of its policies in the enclave.

Italy will tell the European Union the terms it imposed on UniCredit's bid for Banco BPM remain in place even after the collapse of the deal, sources said, responding to criticism from Brussels that could ultimately lead to disciplinary steps.

Chilean Sanfic Industria's new Queer Incubator section will have the unprecedented support of Netflix through its Creative Equity Fund.

France is calling on the European Union to pressure Israel to agree to a two-state solution with the Palestinians.

EU antitrust regulators have extended their decision deadline on a $775-million bid by Universal Music Group unit Virgin Music Group for Downtown Music to December 10, after Universal asked for more time,

THE HAGUE, Netherlands — The Netherlands has banned two far-right Israeli ministers from entering the country and the European Union has proposed suspending Israel from a lucrative tech investment program as frustration mounts over worsening conditions in Gaza .