The European Union is keen to partner with countries around the world and is "open for business," European Commission chief Ursula von der Leyen said Tuesday.

The European Commission will propose a single set of rules under which innovative companies would operate across the 27-nation European Union to make startups stay in Europe, rather than move to the U.

Officials and business executives at the annual gathering in Switzerland said the fight against global would continue with or without the United States.

While Trump refrained from using his first day in office to launch tariffs on European goods he says are partly to blame for a persistent U.S. trade deficit, European officials are taking a "wait and see" approach to relations with his administration.

European stocks edged up slightly in cautious trade on Tuesday after U.S. President Donald Trump refrained from imposing immediate

Earlier this year, the European Commission withdrew planned EU aid to Hungary because of violations of the rule of law. Switzerland shares the EU's doubts, but continues to pay its cohesion contribution to Hungary.

The UK and Switzerland have joined the European Union in agreeing a grace period on the enforcement of the smart tachograph installation requirement, giving international hauliers until 28 February to comply.

Von der Leyen’s announcement followed on the heels of a positive visit to Belgium by Indian Commerce Minister Piyush Goyal, during which he met European Trade Commissioner Maroš Šefčovič. The next round of talks on a free-trade agreement has been set for March 10-14 in Brussels.

Speaking in Davos, Ukrainian President Volodymyr Zelenskyy questioned whether Trump was committed to NATO and European security.

DAVOS, Switzerland (Reuters) - Greenpeace activists evaded the World Economic Forum's tight security checks on Tuesday, staging a brief climate change protest outside the main hall of the annual meeting in Davos.

European Commission President Ursula von der Leyen warned on Tuesday of the risk of a 'global race to the bottom' using economic tools such as sanctions, export controls and tariffs. Speaking at the World Economic Forum's annual meeting a day after the inauguration of U.

Trump's second presidency dominated proceedings at the World Economic Forum amid ominous warnings over the looming threat of trade tariffs and his decision to pull the United States out of the Paris climate agreement.