The EU unveiled a much-anticipated blueprint to revamp Europe's economic model on Wednesday, marking a shift towards a more business-friendly Brussels after five years of heavy focus on green goals.With US President Donald Trump promising tariffs and a gargantuan AI push,

The EU, the U.S. and Japan already teamed up in Trump’s first term to counter the competitive threat posed by China.

In rare admission, senior official says bloc should be ‘ready to explore deeper EU-US cooperation on economic security’ vis-a-vis Beijing.

BMW said in a statement that EU duties on battery electric vehicles “harm business models of globally active companies.”

Mercedes-Benz has joined its Chinese joint venture partner Geely's legal challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles, a company spokesperson said on Tuesday.

Tesla, owned by Elon Musk, is taking the European Union (EU) to court over its tariffs on electric vehicles imported from China. Filed last Wednesday with the European Court of Justice (ECJ) by Tesla’s Shanghai division, the lawsuit comes in the wake of similar legal moves by BMW and other Chinese car manufacturers.