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The European Union is pushing to finalize a trade agreement with South America's Mercosur bloc, calling it a strategic move as U.S. tariffs disrupt global markets.

According to new Eurostat data, the statistical office of the EU, greenhouse gas emissions in the EU fell by 4.0% in the first quarter of 2024, despite a stable GDP. Major declines were recorded in electricity and gas supply, as well as household emissions.

The European Union's government budget allocations for R&D rose to €123.7 billion in 2023, marking a significant 5.3% increase compared to the previous year.