EU leaders are meeting for a second day in Budapest to discuss the European economy and its competitiveness, as the continent continues to take stock of Donald Trump's victory in the US presidential elections.

European leaders are meeting in Budapest today, for two days of talks, focused on the challenges posed by Trump's return to the White House. The EU leaders are being joined by the NATO chief, as well as Britain's prime minister and Vlodomyr Zelensky of Ukraine.