Brussels is considering setting “made in Europe” targets of up to 70 per cent for certain products such as cars, as it pushes to prioritise domestic goods and cut the bloc’s reliance on China for clean technologies and in some heavy industries.

BRUSSELS - However Donald Trump’s latest push to end the war in Ukraine pans out, Europe fears the prospect of a deal – sooner or later – that will not punish or weaken Russia as its leaders had hoped, placing the continent’s security in greater jeopardy.

The other is the National Escape Clause (nec), which allows countries to increase defence spending by up to 1.5% of gdp over the next four years without falling foul of eu deficit rules. Already 16 countries have signed up,

Meanwhile, Zelensky says some things "still need to be worked out" in the draft peace plan, but the US is taking "serious steps" to end the war.

Europe is being singled out. In today’s Washington, it is often spoken of with greater loathing than either China or Russia. A big theme of the second Trump presidency is that it is done with policing the world,

U.S. special envoy Steve Witkoff is meeting with Russian President Vladimir Putin to discuss a peace plan that Washington hopes can end the nearly four-year war in Ukraine.

European leaders have been reluctant to adopt the dramatic rhetoric of French President Emmanuel Macron, who has called for a shift to a “war economy."

Natural gas (NG1:COM) extended its sharp breakout on Tuesday, pushing toward $4.96 after clearing a year-long descending resistance line

Europe is forecast for unseasonably warm weather through much of December, curbing heating demand and weighing on natural gas prices.

Ukraine has repeatedly rejected previous Russian demands to give up the regions of Luhansk and Donetsk – also known as the Donbas. Seizing all the territory remains one of President Putin's goals. Russian forces continue to advance there and now control some 85 percent of the Donbas.