EU Leaders Unite for Economic Overhaul

European Union leaders have agreed on a plan to overhaul the bloc's economy and boost competitiveness amid pressure from the US, China, and Russia, with European Commission President Ursula von der Leyen stating that the plan would include measures to upgrade energy grids, deepen financial integration, and loosen merger regulations. The plan aims to create "European champions" that can compete globally. EU leaders are meeting in a Belgian castle to discuss the plan, which is expected to be presented formally in March.