The European Union is set to scale back its highly contested ESG reporting requirements, as France prepares to unveil a formal proposal seeking to limit the scope of the regulatory framework.

The fledgling Paris government is “trying their best” to get a budget through parliament after a previous version sunk its predecessor.

Heavily indebted France has received the green light from the Council of the European Union for its plans to gradually reduce its substantial deficit. The body of governments of the EU member states,

But only a proper budget would help reduce France's deficit and allow key expenses such as defense measures needed amid the war in Ukraine or aid promised to angry farmers. Financial markets, ratings agencies and the European Commission are pushing France ...

The delay in taking a decision may reflect the political sensitivity of the issue. France, which has a highly centralised power system, is resisting the idea of splitting its power markets. In Germany, the electricity-hungry south with few wind turbines fears having to pay a premium for wind power from the north.

PARIS: The European Union (EU) tells France its plan for slower deficit reduction next year is still within the bloc’s rules, handing Francois Bayrou ’s government a reprieve in its battle to repair creaking public finances.

BRUSSELS ― The European Commission has endorsed the new French government's updated spending plan in a boost to Prime Minister François Bayrou, two diplomats told POLITICO.

EU finance ministers on Tuesday formally approved France's multi-annual budget plan, despite its scaled-back ambitions to rein in the country's ballooning budget deficit this year.

Pharma: Launch of Shortages Monitoring Platform, several Changes re Clinical Trial Management in EU Countries; Devices: Resolution on the need

France is "far from ready" to build six nuclear reactors, the state's top audit body said on Tuesday, underlining the challenges the country faces in rejuvenating its ageing fleet of nuclear power plants.

European Commission President Ursula von der Leyen has talked big about the EU becoming a leader in AI innovation as part of a larger bid to help the region catch up with the U.S. and China. French President Emmanuel Macron is aiming for a similar pitch at a global AI summit he'll host next month.

Worries about the EU’s waning competitiveness have prompted a rethink of merger rules that prioritised consumers