Annual charge would hit groups with net turnover of €50mn or more, according to leaked European Commission proposal

Brussels will propose a new tax on companies with a net turnover exceeding 50 million euros ($58.44 million) as part of an effort to generate new financing streams for the European Union’s common budget,

British Home Secretary Yvette Cooper said Friday she expected Brussels to back a new so-called "one-in, one-out," deal with France aimed at curbing the number of migrants crossing the English Channel in small boats.

Among the most controversial commitments that the EU is asking companies like Google, Meta, and OpenAI to voluntarily make is a promise to never pirate materials for AI training.

Goods imported from both the European Union and Mexico will face a 30% U.S. tariff rate starting August 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday.