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BRUSSELS (Reuters) -Most European Union leaders on Friday backed granting more financial support to Ukraine as it fights a Russian invasion, but Hungary and Slovakia voiced reservations ahead of a decision the bloc needs to make unanimously in December. The EU executive has proposed that the bloc's 27 countries chip in more funds in a revision to its shared budget to finance additional spending through 2027, including extending 50 billion euros ($52.8 bln) in new aid to Kyiv. "I have the impress

Europe News: The European Union broadly favours a plan to support Ukraine with 50 billion euros ($53 billion) over the next four years, leaders said on Friday, but

(Bloomberg) -- German Chancellor Olaf Scholz warned European Union leaders in a tense, closed-door meeting that it’s time to get serious about limiting the bloc’s spending plans as many push for new funding to help Ukraine and address migration.Most Read from BloombergHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaChina, US Release Dueling Videos With Accusations of ProvocationUS Military Attacks Two Syr

BRUSSELS: The European Union broadly favours a plan to support Ukraine with 50 billion euros ($53 billion) over the...

(Bloomberg) -- Bulgaria’s leader accused Hungary and Serbia of helping feed the Kremlin’s “war machine” by failing to seek alternative energy supplies in an escalating row over a gas-import tax. Most Read from BloombergHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingUS Military Attacks Two Syrian Facilities It Says Linked to IranChina, US Release Dueling Videos With Accusations of ProvocationIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaSignaling his