European Union Business News from EUbusiness.com
- EU leaders close in on climate change deal — 23 October 2014, 23:17 CET
European leaders moved closer to a landmark climate change deal Thursday in spite of deep divisions over targets that will set the standard for a UN-backed global treaty in 2015.
- EU appoints Ebola czar — 23 October 2014, 23:08 CET
EU leaders on Thursday named Christos Stylianides of Cyprus to coordinate the bloc's fight against Ebola which has claimed nearly 4,900 lives in west Africa.
- Italy angers EU in budget battle — 23 October 2014, 23:08 CET
European Commission head Jose Manuel Barroso sharply criticised Italy on Thursday for publishing a letter from the EU requesting clarifications on Rome's rule-breaking budget.
- EU leaders seriously concerned at Cyprus, Turkey tensions: draft — 23 October 2014, 14:53 CET
European Union leaders will call on Turkey to respect Cyprus's sovereign rights, expressing "serious concern" at fresh tensions between the two countries over oil and gas exploration, a draft summit document showed Thursday.
- Football: Serbia, Albania poised to learn UEFA punishment — 23 October 2014, 14:52 CET
European football's governing body UEFA was Thursday poised to begin a
closed-door disciplinary hearing over the violence which halted last
week's Euro 2016 qualifier between Serbia and Albania in Belgrade.
- EU puts up EUR 24m to find Ebola vaccine — 23 October 2014, 23:29 CET
The European Union put up 24.4 million euros Thursday in a "race against time" to find Ebola vaccines and treatments as deaths from the disease mount in the worst affected countries.
- Germany calls for end to Azerbaijan-Armenia bloodshed — 23 October 2014, 19:31 CET
Germany's foreign minister Thursday urged an end to the festering conflict between Azerbaijan and Armenia amid a fresh international drive for peace.
- Cyprus president ill, to skip EU summit — 23 October 2014, 18:46 CET
Cyprus President Nicos Anastasiades was hospitalised in Brussels with high blood pressure Thursday and asked Greece's premier to stand in for him at an EU summit, the government said.
- Eurozone business activity picks up, worries remain — 23 October 2014, 23:29 CET
Business activity in the 18-nation eurozone strengthened slightly in October, a key survey showed Thursday, but overall the economy remained weak with new orders low and pressure on prices.
- EU leaders struggle for 'difficult' climate deal — 23 October 2014, 18:44 CET
European Union leaders warned it would be tough to seal a high-stakes climate change deal as they began talks Thursday on a pact aimed at making Brussels a global trailblazer for decades to come.
- Hungary to press charges against 'biased' foreign-backed NGO — 22 October 2014, 23:47 CET
Hungary said Wednesday it will press criminal charges against a
non-government organisation distributing grant aid from Norway,
escalating a row with Oslo that has also drawn fire from Washington.
- British DJ withdraws satirical track for anti-EU party — 22 October 2014, 20:20 CET
A former British DJ on Wednesday withdrew a song he released in honour of the anti-immigration UK Independence Party (UKIP) sung in a mock Caribbean accent, following a wave of criticism.
- Ex-IMF head pays EUR 3m bond in Spain scandal: source — 22 October 2014, 18:43 CET
Ex-IMF head Rodrigo Rato paid a three-million-euro court bond Wednesday
over allegations of lavish spending on company expenses while he was an
executive at a bailed-out bank, a judicial source said.
- Corporate bond-buying scheme 'an option' for ECB: analysts — 22 October 2014, 16:42 CET
Corporate bond purchases would be one option for the European Central
Bank to pump cash into the eurozone's flagging economy, analysts said on
Wednesday, even as the bank said it had no such plans at present.
- France, Italy step closer to EU budget warning — 22 October 2014, 18:42 CET
France and Italy moved a step closer on Wednesday to having their
budgets humiliatingly sanctioned by Brussels, with four other countries
also in the EU danger zone, a European source said.
- Juncker wins green light for 'last chance' team — 23 October 2014, 17:27 CET
The Commission's incoming chief Jean-Claude Juncker vowed to seize the "last chance" for the EU as his team of Commissioners won parliamentary approval to start work on a stalling economy and foreign policy challenges.
- ECB hasn't seriously discussed stimulus 'Plan B': council member — 22 October 2014, 12:17 CET
The European Central Bank has not "seriously" discussed a purchase of
corporate bonds as another way of pumping cash into the stalling
eurozone economy, a member of the bank's decision-making body said on
- Juncker promises careful look at US trade deal — 22 October 2014, 12:10 CET
Europe's incoming Commission head Jean-Claude Juncker says he will take a careful look at a controversial yet central element of a proposed giant EU-US free trade deal that allows corporations to sue governments.
- Juncker pledges investment package by year-end — 22 October 2014, 11:20 CET
The EU's incoming chief Jean-Claude Juncker vowed on Wednesday to unveil a huge growth investment package before Christmas but also promised to enforce budget rules as Euro-MPs prepared to vote on his new team.
- Propaganda, personal struggles turn some young Belgians to jihad — 22 October 2014, 05:22 CET
As chairman of the Annasr mosque, Mimoun Aquichouh personally knows a
number of young men who left the small Belgian city of Vilvoorde to wage
jihad in Syria.
- Russia-Ukraine gas talks falter, new meeting next week — 22 October 2014, 11:21 CET
EU-brokered crunch talks to resolve the bitter gas price dispute between Russia and Ukraine failed on Tuesday, as a new meeting was set for next week amid fears Moscow could halt crucial energy supplies to Europe this winter.
- EU regulators target Honeywell, DuPont over coolant — 21 October 2014, 20:17 CET
EU anti-trust regulators said Tuesday that US firms Honeywell and DuPont
may have hindered competition when they produced the only
environmentally acceptable auto coolant for the European market.
- Brave healer of DR Congo's most horrific wounds — 21 October 2014, 20:07 CET
Congolese doctor Denis Mukwege, who won the Sakharov human rights prize
Tuesday, has been dubbed "Doctor Miracle" for helping tens of thousands
of gang rape victims in the Democratic Republic of Congo.
- DR Congo rape doctor Mukwege wins EU Sakharov prize — 21 October 2014, 21:46 CET
Doctor Denis Mukwege won the European Parliament's prestigious Sakharov human rights prize on Tuesday for his work in helping thousands of gang rape victims in the Democratic Republic of Congo.
- EU hits big banks for bailout war chest — 21 October 2014, 17:23 CET
Small European banks, including Germany's powerful regional lenders, will contribute considerably less to a new eurozone rescue fund than the big banking groups that dominate the industry, European Commission plans showed on Tuesday.