European Union Business News from EUbusiness.com
- West's ties with Russia frozen after year of Ukraine conflict — 03 April 2015, 10:02 CET
Relations between the West and Russia remain at their lowest ebb since
the Cold War on the first anniversary of the start of the eastern
Ukraine conflict, but all bridges have not yet been burned, analysts
- Nuclear sanctions on Iran to be lifted if it meets deal — 03 April 2015, 09:56 CET
A raft of biting global sanctions imposed on Iran for its suspect nuclear activities will be lifted over time, if the Islamic republic sticks to the terms of a final deal with global powers.
- EU criticises Thai junta's martial law successor — 02 April 2015, 22:38 CET
The European Union rejected Thursday the Thai junta's announcement of
the lifting of martial law, saying that replacement legislation would
not loosen the military's grip on power.
- ECB says QE programme already boosting recovery — 03 April 2015, 10:01 CET
The European Central Bank said Thursday it is increasingly confident
that its controversial bond purchase programme is helping boost the
eurozone's economic recovery, even as a top official expressed doubts
about its effectiveness.
- EU to decide soon in Google anti-trust probe: source — 03 April 2015, 10:01 CET
EU anti-trust regulators are set to announce later this month a decision
that could result in charges against US Internet giant Google over its
grip on Europe's search market, says a source close to the case.
- Top ECB official sceptical about bond purchases: report — 02 April 2015, 10:57 CET
One of the members of the European Central Bank's executive board,
Sabine Lautenschlaeger, expressed doubt Thursday that the ECB's
controversial bond purchase programme will have the desired effect.
- ECB raises Greek banks' emergency funding by EUR 700m — 02 April 2015, 00:17 CET
The European Central Bank on Wednesday further increased the maximum Emergency Liquidity Assistance that Greek banks can obtain by 700 million euros, a banking source said.
- No deal in Greece reform list talks: source — 01 April 2015, 19:24 CET
Fresh talks between Greece and its creditors on a list of reforms ended
without a deal Wednesday, with a widely anticipated meeting of eurozone finance ministers now unlikely to happen in the near future, sources said.
- Uber files complaints with EU against France, Germany, Spain — 03 April 2015, 10:04 CET
Uber has filed complaints with the EU against France, Germany and Spain as the popular taxi app hits back against efforts to ban it from
Europe's streets, officials said on Wednesday.
- EU urges Ukraine to accept Russian gas offer — 01 April 2015, 16:06 CET
The EU urged Ukraine on Wednesday to accept Russia's offer to extend the current gas deal with Kiev by another three months, saying it bodes well for an agreement for next winter.
- Germany's overall debt ratio fell in 2014: Bundesbank — 01 April 2015, 10:32 CET
Germany's total debt increased slightly in 2014, but because the economy
grew, its proportion of overall output fell, the country's central bank
or Bundesbank said Wednesday.
- EU banking watchdog mulls cap on sovereign debt exposure — 01 April 2015, 16:08 CET
Europe's new banking supervisory chief, Daniele Nouy, suggested
Wednesday that banks should limit their exposure to sovereign debt which she said can no longer be regarded as risk-free.
- EU introduces labels on origin of meat other than beef — 01 April 2015, 16:08 CET
The EU will on Wednesday introduce labels showing the origins of pre-packed meat other than beef, but critics had sought even tougher
rules in the wake of the horsemeat scandal.
- EU 'distressed' by Yemen civilian deaths — 31 March 2015, 20:41 CET
The European Union expressed concern Tuesday at civilian deaths in Yemen
after days of Saudi-led air strikes against rebel forces including one
that killed scores at a displaced persons camp.
- EU banking supervisor calls for quick solution on Greece — 31 March 2015, 20:41 CET
The head of Europe's banking supervisory authority, Daniele Nouy, called
Tuesday for a rapid solution to Greece's debt problems in order to
reduce the uncertainty for the banking sector.
- Moscovici: Portugal economy sees progress but must continue reforms — 31 March 2015, 17:28 CET
Portugal's "extraordinary efforts" towards structural reforms have paid
off but more needs to be done to get the economy back on track, European
Union Economic Affairs Commissioner Pierre Moscovici said.
- Greek bailout deal possible by end April: EU — 31 March 2015, 20:39 CET
A deal on Greece's bailout is possible before the end of April, EU
Council President Donald Tusk said Tuesday as Athens continued tough talks with its creditors on a disputed list of reforms.
- Syria aid pledges top $2 billion as donors meet — 31 March 2015, 17:28 CET
The European Union and other donors pledged more than $2 billion on
Tuesday to help alleviate war-torn Syria's humanitarian crisis, which Kuwait's emir called the worst in "modern history".
- Eurozone deflation eases, unemployment drops — 01 April 2015, 16:08 CET
Deflation in the eurozone eased in March, official data showed Tuesday,
reducing concerns that the European economy faces a dangerous spiral after four straight months of falling consumer prices.
- German farmers not cowed by end of EU milk quotas — 31 March 2015, 10:19 CET
Fresh from a massage, the cows turn slowly on a computerised "milking
carousel" -- everything is ready at the Heideland farm south of Berlin
to ramp up production once European milk quotas end on Wednesday.
- Lisbon, Luxembourg rank Europe's worst for pollution fight: study — 31 March 2015, 00:27 CET
Lisbon and Luxembourg rank last in a test of how hard European cities
are fighting air pollution, while Zurich and Copenhagen come top, an environmental group said Tuesday.
- Bulgaria assails Greek law fighting tax avoidance — 30 March 2015, 20:43 CET
Bulgaria complained Monday to the European Commission about a new Greek law battling corporate tax avoidance that Sofia warns could undermine trade between the two Balkan neighbours.
- EU, Montenegro broaden membership talks despite expansion freeze — 30 March 2015, 16:53 CET
The European Union announced Monday it was broadening its negotiations with Montenegro on future EU membership even though the 28-nation bloc has frozen expansion over the next five years.
- EU warns Greek reform list 'not there yet' — 30 March 2015, 20:40 CET
The EU warned Monday that Greece and its creditors had yet to hammer out a new list of reforms despite talks lasting all weekend aimed at staving off bankruptcy and a euro exit.
- Sri Lanka minister warns Tamil Tiger rebels could regroup — 30 March 2015, 20:43 CET
Sri Lanka's new government warned Monday that defeated Tamil Tiger
rebels could regroup and orchestrate another conflict, six years after
their defeat in the island's separatist war.