European shares were softer on Monday as markets awaited developments in trade talks, as well as a European Central Bank policy meeting later this week, while U.S. futures were brighter ahead of some major tech earnings.

European Commission President Ursula von der Leyen and European Council President Antonio Costa will visit China on Thursday and meet Chinese President Xi Jinping, the Chinese foreign ministry said on Monday.

Meta says it won’t sign the European Union’s artificial intelligence code of practice agreement, warning that “Europe is heading down the wrong path on AI.” The code published by the EU on July 10th is a voluntary set of guidelines to help companies follow the AI Act’s rules around general-purpose AI before they come into effect in a few weeks.

Young people from across Europe could be allowed to move to the UK for more than a year under a youth mobility scheme.

The company won’t adhere to the voluntary code of practice as its head of global affairs said the bloc was on the wrong path on AI.

The European Union and Britain are ramping up pressure on Russia over its war on Ukraine. The EU has introduced new sanctions to deprive Moscow of energy revenue through a lower oil price cap and a ban on transactions with Nord Stream gas pipelines.

As the EU considers countermeasures to U.S. tariffs, CNBC's Silvia Amaro breaks down what to expect from the tense negotiations.

The European Union still wants a trade pact with the US, but is said to be readying its counterattack as President Trump plays hardball and makes a no-deal outcome more likely. EU member states are pushing for new and stringent measures to retaliate against US companies,