Abu Dhabi state oil giant ADNOC on Tuesday won unconditional EU antitrust approval for its 14.7 billion euro ($16.3 billion)takeover of German chemicals company Covestro, confirming an earlier Reuters exclusive.

The new measure would slap duties of 25% on U.S. imports amounting to $23.5 billion, which includes motorcycles and other powersports commodities.

The EU is preparing new sanctions on Russia despite a potential meeting between Vladimir Putin and Volodymyr Zelenskyy on Thursday, three sources told CNBC.

The Russian economy is in an increasingly precarious state as a result of a shift to a war mode and of Western sanctions over Moscow's invasion of Ukraine, a report by the Stockholm Institute of Transition Economics (SITE) said on Tuesday.

Also in today’s newsletter, Modi claims Indian military ‘superiority’ over Pakistan, and China’s CATL to raise at least $4bn

A security pact could pave the way for greater UK involvement in EU-wide defence procurement projects, as well as access to a loans scheme for British defence firms. However, one sticking point has been fishing arrangements, which are due to expire in June next year under the post-Brexit trade deal agreed in 2020.

European Council President António Costa has criticized the trip by Serbia's president to Russia’s Victory Day parade last week

The European Commission announced Thursday it has compiled a list of imported goods and items from the United States which could become subject to tariffs.

The European Union will likely recognize international carbon offsets under its new framework for cutting emissions as member states push for more flexibility on climate, according to Poland.

But if it does not and there was even a “modest” return of Russian pipeline gas to Europe, alongside imports from Russia’s gas facility Arctic LNG 2, which has been subject to US sanctions, S&P warns that $120bn of investment in the US industry would be at risk.

European Union draft plans to wait until 2028 to classify hydrogen produced from nuclear power as a "low carbon" fuel, risk knee-capping the market for the nascent energy source, Europe's nuclear industry has said.