EU News

European Union Business News from EUbusiness.com

Oil prices leap as dollar falls against euro — 09 February 2010, 22:07 CET

Oil prices rebounded Tuesday as the dollar weakened against the euro on whetted risk appetite, making crude cheaper for buyers using stronger currencies.

EU ministers call for common electric car strategy — 09 February 2010, 22:02 CET

EU industry ministers on Tuesday pressed the European Commission to establish a common strategy to develop electric cars.

Oil prices leap as dollar falls against euro — 09 February 2010, 21:37 CET

Oil prices rebounded Tuesday as the dollar weakened against the euro on whetted risk appetite, making crude cheaper for buyers using stronger currencies.

Europe can help out cash-strapped Greece without IMF: Brussels — 09 February 2010, 19:57 CET

The European Commission on Tuesday urged European leaders to offer clear support" for Greece in return for real efforts from Athens to resolve its budget crisis, ruling out the need for IMF help.

Germany working on Greek aid deal: report — 09 February 2010, 19:22 CET

Germany, the eurozone's biggest economy, is preparing an aid plan to help struggling Greece resolve its massive debt problems, the Financial Times Deutschland reported.

Oil up sharply — 09 February 2010, 19:02 CET

Oil prices rallied Tuesday as traders took their cue from the falling dollar after recent sharp losses that came against a background of weak energy demand and eurozone debt concerns.

EU critises Iran enrichment move, backs UN action — 09 February 2010, 18:27 CET

Iran's decision to enrich uranium to 20 percent feeds a "deficit of confidence" in Tehran's atomic ambitions, the EU's nuclear envoy said Tuesday, reiterating that the bloc will back UN action.

Barroso team wins approval from EU parliament — 09 February 2010, 18:27 CET

The European Parliament on Tuesday gave overwhelming approval to the new team of EU commission chief Jose Manuel Barroso who urged governments to step up the fight against the economic crisis.

EU critises Iran enrichment move, backs UN action — 09 February 2010, 18:12 CET

Iran's decision to enrich uranium to 20 percent feeds a "deficit of confidence" in Tehran's atomic ambitions, the EU's nuclear envoy said Tuesday, reiterating that the bloc will back UN action.

EU officials try to convince lawmakers to back US data deal — 09 February 2010, 18:12 CET

EU officials struggled Tuesday to persuade European lawmakers to let US justice authorities have access to personal data for use in "terror" probes, warning of a security vacuum if they refuse.

EU okays development aid for Bulgaria — 09 February 2010, 17:52 CET

The European Union gave the green light Tuesday to some 1.4 billion euros (1.9 billion dollars) in regional development and technical assistance for Bulgaria, the government said.

Greece does not need IMF help: Brussels — 09 February 2010, 17:32 CET

There is no need for the International Monetary Fund to help Greece out of its economic crisis as Europe can handle the problem, EU Economic Affairs Commissioner Joaquin Almunia said Tuesday.

Greece does not need IMF help: Brussels — 09 February 2010, 17:17 CET

There is no need for the International Monetary Fund to help Greece out of its economic crisis as Europe can handle the problem, EU Economic Affairs Commissioner Joaquin Almunia said Tuesday.

EU commission chief Barroso's new team — 09 February 2010, 17:07 CET

The European parliament on Tuesday overwhelmingly approved the new 26-member cabinet of EU Commission chief Jose Manuel Barroso after months of delay.

Greece does not need IMF help: Brussels — 09 February 2010, 17:02 CET

There is no need for the International Monetary Fund to help Greece out of its economic crisis as Europe can handle the problem, EU Economic Affairs Commissioner Joaquin Almunia said Tuesday.

EU concerned of contagion from Greek fiscal crisis — 09 February 2010, 16:52 CET

The European Commission voiced concern Thursday that Greece's fiscal crisis poses a "serious risk of spillover" into other parts of the 16-nation eurozone.

EU concerned at Greek contagion risk: Almunia — 09 February 2010, 16:37 CET

The European Commission voiced concern on Tuesday that Greece's fiscal crisis poses a "serious risk of spillover" into other parts of the 16-nation eurozone.

Protests outside EU embassies in Iran: diplomats — 09 February 2010, 16:37 CET

Dozens of pro-regime militants demonstrated outside several EU embassies in Iran on Tuesday to protest Europe's attitude towards Iran and its controversial nuclear programme, European diplomats said.

Europe battles declining influence — 09 February 2010, 16:37 CET

The European Union is hoping that its revamped leadership can reverse a decline in global influence, wary of being marginalised by the United States and emerging Asian powers such as China, experts said.

Barroso offers assurances on EU-US bank data deal — 09 February 2010, 16:07 CET

The EU commission chief offered Tuesday to give European lawmakers access to classified parts of future international agreements, to win their support for a key data deal with the United States.

Parliament backs new European Commission team — 09 February 2010, 15:37 CET

The European Parliament on Tuesday approved EU Commission chief Jose Manuel Barroso's new cabinet, ending three months of institutional limbo.

Euro-MPs warned of 'security gap' if US data deal falls — 09 February 2010, 15:25 CET

The EU risks creating a "security gap" if the European Parliament rejects a deal allowing US justice authorities access to data from interbank transfers, a European diplomat warned Tuesday.

EU commission chief calls for closer EU economic cooperation — 09 February 2010, 11:12 CET

European Commission President Jose Manuel Barroso urged EU nations Tuesday to cooperate more tightly in the face of the economic crisis.

ECB chief leaves Australia early for EU summit — 09 February 2010, 15:50 CET

European Central Bank president Jean-Claude Trichet will leave a central bankers' meeting in Sydney early to attend an informal European Union summit in Brussels, an ECB spokesman told AFP on vTuesday.

Strawberries offer lifeline for Romania's rust belt — 09 February 2010, 04:12 CET

Hundreds of women crowd outside a local employment office in this run-down Romanian factory town on the banks of the Danube, hoping to be selected to work as strawberry pickers in Spain.