European shares dropped sharply on Friday after U.S. President Donald Trump cranked up threats of tariffs on the European Union and smartphone giant Apple, reigniting fears of the economic damages caused by trade wars.

Across the Atlantic, the euro was designed to be more than a regional currency. From its inception in the 1990s, its architects envisioned not only greater monetary stability and economic integration within Europe, but also a currency that could rival the dollar on the global stage.

Water has emerged as the single biggest nature-related risk to euro area economy, according to the European Central Bank and researchers at the University of Oxford.

A Slovak court will rule on May 29 whether Slovak National Bank Governor and European Central Bank policymaker Peter Kazimir is guilty of corruption, Slovak media reported on Friday.

The European Central Bank (ECB) is warning that the past month's stock market recovery is at risk amid ongoing geopolitical uncertainty.

Researchers at the University of Seville have analyzed interdependencies between fiscal and monetary policies and economic growth in Eurozone countries. The study highlights the need for greater coordination between the monetary policy of the European Central Bank (ECB) and national fiscal policies.

The European Union is set to delay new, global rules governing banks' trading again as it waits for more clarity about the U.S. administration's plans to deregulate its financial sector, sources told Reuters.