European Union Business News from EUbusiness.com
- Lessons for Mediterranean? Euro force hunting Somali pirates — 19 May 2015, 12:24 CET
The hulking P-3C Orion aircraft prepares to take off from a military
base in the Horn of African nation of Djibouti, on the latest mission hunting pirates off Somalia's coast.
- Libya rejects EU military action against migrant ships — 18 May 2015, 19:37 CET
Libya's internationally recognised government rejected Monday any
military operation against ships carrying illegal migrants after EU
nations approved plans for a naval mission starting next month to fight
- Russia drops opposition to EU-Ukraine trade deal starting 2016 — 18 May 2015, 20:09 CET
Russia has dropped its demands for a further delay in a landmark
EU-Ukraine trade deal at the heart of the Ukraine crisis and accepts that it will now begin next year, the European Union said Monday.
- EU approves Spain's Sabadell takeover of Britain's TSB — 18 May 2015, 17:29 CET
The EU approved on Monday Spanish lender Sabadell's GBP 1.7-billion
(2.3-billion-euro) takeover of TSB, a unit of Britain's bailed-out
- Bundesbank urges German banks to re-think business model — 18 May 2015, 16:57 CET
Germany's banking sector proved its strength during the financial
crisis, but needs to examine its business model to increase stability in
the future, Bundesbank board member Andreas Dombret told AFP in an
- Athens quicker to nix reforms than make proposals: Moscovici — 19 May 2015, 17:29 CET
Debt-wracked Greece is quick to turn down proposals by its creditors
aimed at helping to solve its financial woes, but slow to offer alternatives, Europe's Commissioner for Economic Affairs said Monday.
- Spain rejects EU migrant quota plan — 18 May 2015, 16:12 CET
Spain rejected on Monday an EU quota system to share the migrant burden
among member states, saying it had already done more than its fair share
to help asylum seekers.
- Cyprus wants bigger EU role in peace talks: negotiator — 18 May 2015, 15:52 CET
Cyprus wants the European Union to play a bigger role in peace talks
with Turkish Cypriots aimed at reunifying the island, its chief
negotiator said on Monday.
- EU backs naval mission to end migrant crisis — 18 May 2015, 20:59 CET
EU Member States approved plans on Monday for an unprecedented naval mission starting next month to fight human traffickers responsible for a flood of migrants crossing the Mediterranean from Libya.
- 'Euro-drone' project gets lift-off to challenge US — 18 May 2015, 13:47 CET
A European project to build a military drone by 2025 took wing on Monday
as Germany, France and Italy signed a deal to start technical work and
end their reliance on US- and Israeli-made models.
- Greece in final stretch of troubled loan talks — 19 May 2015, 13:09 CET
Greece on Monday entered the final stretch of tortuous talks with its
international creditors on a bankruptcy-saving loan deal, with the government calling for a breakthrough by the end of the month.
- 'Terrorists' may use migrant cover to get to Europe: NATO — 18 May 2015, 15:55 CET
NATO head Jens Stoltenberg warned Monday that fighters from Islamic
extremist groups may hide among the flood of migrants seeking refuge in Europe, increasing the need for an effective response.
- British manufacturing giant breaks ranks on 'Brexit' — 18 May 2015, 14:19 CET
A top British manufacturing firm has broken ranks with much of the
business community by saying Monday that leaving the European Union
would make no difference to Britain's ability to trade.
- EU to back unprecedented naval force to fight people smugglers — 18 May 2015, 12:03 CET
European Union ministers are set to approve plans Monday for an
unprecedented naval force to fight people smugglers in the Mediterranean after a series of shipwrecks killed hundreds of migrants.
- EU denounces Morsi death sentence — 17 May 2015, 22:12 CET
The European Union denounced Sunday the death sentence handed down
against Egypt's ousted president Mohamed Morsi and at least 100 others,
noting the penalty stemmed from a flawed trial.
- Briton among three killed in Taliban attack on EU vehicle in Kabul — 17 May 2015, 17:22 CET
Three people including a British national working with the European
Union police were killed Sunday when a Taliban militant rammed his
explosives-laden car into a foreign convoy in Kabul, the latest attack
of Afghanistan's fighting season.
- European battle brewing over 'blood metals' — 18 May 2015, 14:21 CET
Europe will consider this week whether to follow the United States by
bringing in tighter controls on "conflict minerals" from war zones, but critics say the measures risk being watered down.
- Greece will not cut salaries and pensions in loan talks: PM — 15 May 2015, 21:37 CET
Greece's left-wing government will not abandon its refusal to cut
salaries and pensions in tough talks with its EU-IMF creditors, Prime
Minister Alexis Tsipras said on Friday.
- EU's top diplomat to visit Netanyahu, Abbas next week — 15 May 2015, 18:27 CET
EU foreign policy chief Federica Mogherini will visit the Middle East
next week for talks on the peace process with Israeli Prime Minister
Benjamin Netanyahu and Palestinian President Mahmud Abbas, Brussels said
- Central Europeans oppose planned EU refugee quotas — 15 May 2015, 16:17 CET
Poland on Friday became the latest European Union member to oppose the
bloc's plan for binding quotas on asylum seekers for its 28 member
- Austria's refugee tent camps are 'worst possible solution': Red Cross — 15 May 2015, 15:52 CET
The Red Cross on Friday strongly criticised the Austrian government over
its decision to set up tent camps for asylum seekers in response to the
rapidly growing influx of refugees.
- Luxembourg PM first gay EU leader to marry — 15 May 2015, 20:24 CET
Luxembourg Prime Minister Xavier Bettel married his gay partner on
Friday, becoming the first European Union leader to enter into a same-sex union in a symbol of growing social change across the continent.
- Bundesbank critical of ECB aid to Greek banks — 15 May 2015, 10:27 CET
The head of the German central bank or Bundesbank hit out in a newspaper
interview Friday at the ongoing provision of emergency liquidity to
Greek banks by the European Central Bank.
- Hungary says will fight against EU migrant quotas plan — 14 May 2015, 19:12 CET
Hungary opposes the European Union plan for binding quotas across member
states to admit migrants, Prime Minister Viktor Orban's chief of staff
- EU firms up plans to tackle smugglers as more boat migrants rescued — 14 May 2015, 23:38 CET
The European Union firmed up plans to crack down on people smugglers in the Mediterranean on Thursday as Italy said another 2,000 migrants were rescued at sea.