European Union Business News from EUbusiness.com
- EU regulator calls on banks to comply with bonus cap — 15 October 2014, 21:14 CET
Europe's banks must end moves aimed at getting around a controversial cap on staff bonuses, the European Banking Authority, the EU's financial regulator insisted on Wednesday.
- Juncker reshuffles team to beat deadline — 15 October 2014, 21:14 CET
The EU Commission's incoming chief, Jean-Claude Juncker, made a last-minute reshuffle to his team Wednesday in a bid to meet a November 1 deadline to start work on reviving the flagging eurozone economy.
- EU to discuss Ebola measures at key meeting — 15 October 2014, 22:24 CET
The EU suggested Wednesday that Member States give medical information at airports to travellers from Ebola-hit west African countries, but stopped short of recommending full continent-wide screening.
- Italy working down to the wire on 2015 budget — 15 October 2014, 18:17 CET
Italy was working down to the wire Wednesday to finish its 2015 budget plans that risk drawing EU fire for failing to cut borrowing enough.
- Spain told by EU to recover corporate tax breaks — 15 October 2014, 16:07 CET
The EU's anti-trust regulator ordered Madrid on Wednesday to recover tax
breaks given to some of Spain's biggest companies to spur foreign
- Portugal's budget meets deficit rules, aims to ease austerity — 15 October 2014, 15:50 CET
Portugal has set itself on a road towards recovery with a 2015 budget deficit well within EU fiscal limits, the second eurozone bailout country after Ireland to begin to emerge from years of austerity.
- Deutsche Telekom hit with EU anti-trust fine — 15 October 2014, 15:58 CET
EU anti-trust regulators on Wednesday slapped Deutsche Telekom and its Slovak Telecom unit with a 38 million euro fine for "abusive" practices that shut out rival broadband Internet providers.
- Football: EU 'disappointed' by Serbia-Albania drone clash — 15 October 2014, 15:52 CET
The EU expressed disappointment Wednesday over the "provocation" that forced the cancellation of a Serbia-Albania football match, and praised Belgrade for its handling of the incident.
- Italy lifts out of recession thanks to hookers, drugs — 15 October 2014, 15:51 CET
Italy learnt it was no longer in a recession on Wednesday thanks to a change in data calculations across the European Union which includes illegal economic activities such as prostitution and drugs in the GDP measure.
- France faces EU budget showdown — 15 October 2014, 18:34 CET
France headed for a showdown with the EU over its 2015 budget Wednesday with deficit-ridden Paris under threat of becoming the first country to have its spending plans rejected by Brussels.
- Juncker set to reshuffle top team — 15 October 2014, 15:51 CET
Incoming EU Commission chief Jean-Claude Juncker hurried to reshuffle his team Wednesday after a row over the Slovenian nominee threatened to delay his inauguration.
- Football: Serbia and Albania Euro qualifier abandoned after protest — 14 October 2014, 23:24 CET
The Euro 2016 qualifier between Serbia and Albania had to be abandoned in Belgrade on Tuesday when a drone sporting the Albanian flag flew over the stadium, sparking fury among fans and players.
- All parties to meet for new Iran talks Thursday: Russia — 14 October 2014, 21:20 CET
Negotiators from all six powers in the P5+1 group will on Thursday meet
with Iranian representatives for fresh nuclear talks being held in
Vienna, Russia's deputy foreign minister said.
- EU ministers seal bank data deal to fight tax evasion — 14 October 2014, 18:36 CET
EU finance ministers took a major step towards ending banking secrecy on Tuesday, agreeing to the automatic exchange of account information so as to catch out tax cheats.
- Saudi billionaire to join Euro Disney bailout — 14 October 2014, 16:42 CET
Saudi Arabian billionaire Prince Alwaleed bin Talal will join a
financial bailout of the money-losing Euro Disney theme park, his
Kingdom Holding Co said Tuesday.
- Red tape bonfire 'could keep Britain in EU': report — 14 October 2014, 23:53 CET
Plans by Brussels to slash the red tape that businesses face could help keep Britain in the European Union, the man behind the proposals Edmund Stoiber said on Tuesday.
- Sri Lanka faces EU fish export ban — 14 October 2014, 18:37 CET
The European Union moved Tuesday to ban Sri Lanka from selling its seafood to the massive EU market in a bid to stop illegal fishing by the second biggest exporter to the bloc.
- EU reminds Serbia of commitments as Putin visits — 14 October 2014, 18:46 CET
The European Union told Belgrade on Tuesday it should prove its credentials as a future member during an upcoming visit by Russian President Vladimir Putin to Serbia, a historic Moscow ally.
- US, Iran keep pushing for elusive nuclear deal — 14 October 2014, 23:32 CET
Iran's foreign minister warned Tuesday of "numerous" gaps in troubled nuclear talks with world powers but both he and US counterpart John Kerry, due in Vienna Wednesday, insisted a deal remains possible by a November 24 deadline.
- Eurozone industrial production falls sharply in August — 14 October 2014, 11:54 CET
Industrial output in the eurozone fell by 1.8 per cent in August,
official data showed on Tuesday, a steep drop and another sign that recession in the 18-nation currency bloc could return.
- Putin visits Serbia to seal Russian influence — 14 October 2014, 05:32 CET
President Vladimir Putin visits Serbia Thursday in a bid to seal
Russia's influence over the EU aspirant, which is walking a tightrope
between Brussels and its traditional ally Moscow.
- Greece must see 'viable' bailout exit: Dijsselbloem — 13 October 2014, 22:59 CET
Eurogroup President Jeroen Dijsselbloem on Monday said Greece must achieve a "viable and credible" bailout exit after four years of EU-IMF rescue programmes and a deep economic crisis.
- France feels EU pressure to fix budget — 13 October 2014, 22:33 CET
France faced increasing pressure to modify its deficit-hit budget for 2015 on Monday, but Paris remained steadfast that it deserved "respect" and refused calls by Brussels to further rein back spending.
- Europe launches operation to track migrants without papers — 13 October 2014, 22:34 CET
A crackdown by European countries to track migrants without papers or official documentation got under way Monday amid a surge in refugees from Syria and the Middle East.
- Austrian state to pay million-euro compensation to prostitutes — 13 October 2014, 17:24 CET
The Austrian state of Salzburg on Monday admitted it will have to pay up to a total one million euros ($1.3 million) to local prostitutes to compensate for illegally charging them fees for medical checks.