European Union member states have approved nearly $2.7 billion in funding for Ukraine as part of a plan to bolster the war-besieged nation's recovery, reconstruction and modernization.

Cyprus joined the EU in 2004 as a war-divided island and could offer Ukraine a blueprint for accession. The island will take over the EU’s rotating presidency from Denmark on Jan. 1 and has promised to continue work on Ukraine’s bid.

The fines were due to the platform's misleading use of blue check marks to identify verified users and a lack of transparency over ads and data access for researchers.

By Philip Blenkinsop BRUSSELS, Dec 12 (Reuters) - European Union finance ministers agreed on Friday to set a 3 euro ($3.52) customs duty on low-value parcels arriving in the bloc, part of efforts to crack down on cheap Chinese e-commerce imports such as from online retailers Shein and Temu.

EU enlargement chief Marta Kos says Ukraine’s EU membership is “inevitable” and has expressed confidence that Hungary will not block the country’s accession, even as Budapest objects to moving ahead d

The European Commission launched an investigation Tuesday into Google on allegations of antitrust practices for using websites in its AI.

The European Union unveiled a new plan to make sure its industries aren’t overtaken by global rivals as competition intensifies with the US and China.

Cyprus will set out its energy priorities for its upcoming Presidency of the Council of the European Union at a ministerial meeting in Brussels on Monday. Energy Minister Michael Damianos will address his EU counterparts at the transport,