European Union Business News from EUbusiness.com
- EU lays down data protection steps for US — 28 November 2013, 11:28 CET
The EU on Wednesday laid down steps Washington must take to restore trust after a huge spy scandal, including giving EU citizens the right to US legal redress to protect personal data.
- Peugeot chief under fire over EUR 21m pension plan — 27 November 2013, 13:12 CET
French unions and officials on Wednesday slammed plans to award a 21 million euro pension plan to the CEO of struggling carmaker PSA Peugeot Citroen, Philippe Varin.
- French leader seeks ally in Spain for European growth — 27 November 2013, 16:52 CET
France's President Francois Hollande arrived in Spain on Wednesday seeking an ally to help prevent new banking crises and to put jobs growth at the top of Europe's agenda.
- Ukraine says still wants historic pact with EU — 27 November 2013, 20:52 CET
Ukraine said Wednesday it still wanted to reach a historic deal on closer ties with the European Union, as mass protests over a move to scrap the pact went into a fourth day.
- France, Spain to discuss euro bank rules at summit — 27 November 2013, 10:46 CET
French President Francois Hollande visits Spain on Wednesday for a
bilateral summit seeking a common stance on banking supervision to avoid
a repeat of the eurozone debt crisis.
- British PM pledges crackdown on EU migrant benefits — 27 November 2013, 20:54 CET
British Prime Minister David Cameron on Wednesday announced plans to restrict the right of European Union migrants to claim welfare benefits, prompting a rebuke from the bloc's employment commissioner.
- Israel, EU agree on scientific cooperation — 27 November 2013, 10:45 CET
The EU and Israel reached an agreement Tuesday enabling the Jewish state to participate in a European-funded scientific research program after a compromise on settlement funding.
- EU chair says deal with Ukraine still has a chance — 26 November 2013, 22:43 CET
EU chair Lithuania on Tuesday said Ukraine could still ink a shelved
association agreement with the bloc at the eleventh hour of a key summit
- Italy, Russia unveil billion-euro fund at summit — 26 November 2013, 18:45 CET
Italy and Russia unveiled a 1-billion-euro joint investment fund on Tuesday as President Vladimir Putin met with Prime
Minister Enrico Letta in Italy to discuss boosting business ties.
- France seeks memorial matches to mark 1914 football 'truce' — 26 November 2013, 22:42 CET
France called on its EU partners Tuesday to help stage football matches in memory of those Allied and German troops played during an impromptu 1914 Christmas truce between the trenches.
- End 'sharp words' over Ukraine, Putin tells EU leaders — 27 November 2013, 10:39 CET
Russia's president on Tuesday called for European leaders to end their criticism over Ukraine's decision to delay a key EU pact, as thousands rallied in Kiev in a third day of protests.
- Russia 'bewildered, disappointed' by EU criticism over Ukraine — 26 November 2013, 17:43 CET
The Russian foreign ministry on Tuesday said it was perplexed by recent
European Union accusations that Moscow had pressed Ukraine to scrap a
key trade and partnership pact with the 28-member bloc.
- Shipwreck refugees seek redress against Belgium, NATO — 26 November 2013, 17:30 CET
Three Ethiopian refugees who survived while 63 others died on a makeshift boat in the Mediterranean took the Belgian military to court Tuesday for failing to pick them up.
- Euro-Parliament chief in favour of more aid to Greece — 26 November 2013, 17:03 CET
European Parliament President Martin Schulz said Tuesday he was in
favour of providing additional aid to Greece if the debt-wracked country
achieves a primary surplus.
- Troubled Italian bank plans EUR 3 bn capital increase — 26 November 2013, 17:02 CET
The board of troubled Italian lender Monte dei Paschi -- the world's
oldest bank -- on Tuesday approved a capital increase of up to 3.0
billion euros ($4.1 billion) to be completed by the first quarter of
- Ukraine admits Russia sought EU pact delay — 26 November 2013, 17:01 CET
The Ukrainian authorities admitted for the first time on Tuesday Moscow had asked Kiev to delay signing a pact with Brussels that would have opened the ex-Soviet state's path to EU membership.
- Corruption sentence overturned for Austrian MEP — 26 November 2013, 16:57 CET
Austria's Supreme Court overturned on Tuesday a four-year jail sentence for corruption against Euro-MP Ernst Strasser, who was filmed in 2010 offering to change EU legislation for money.
- EU urges US legal redress to protect personal data — 26 November 2013, 22:42 CET
The European Union pressed US politicians Tuesday to give EU citizens
the right to legal redress to protect their personal data, after US
spying revelations soured ties with major allies.
- EU threatens six countries with illegal fishing sanctions — 26 November 2013, 14:49 CET
The European Commission on Tuesday urged EU governments to hit Belize, Cambodia and Guinea with trade sanctions over illegal fishing, while warning South Korea, Ghana and Curacao they may be next.
- Council of Europe warns of 'chilling' risk to Turkey freedoms — 26 November 2013, 16:53 CET
The Council of Europe warned Tuesday that Turkish police action against non-violent demonstrators during the wave of anti-government protests in June could have a "chilling effect" on freedoms in a country seeking to join the European Union.
- ECB to launch new 10-euro notes from summer 2014 — 26 November 2013, 13:14 CET
The European Central Bank said Tuesday that it will launch new 10-euro
banknotes including a portrait of the Greek mythological figure of
Europa from next summer.
- EU rejects proposal on settlement guidelines — 26 November 2013, 11:37 CET
The EU has rejected an Israeli proposal regarding guidelines that will prevent European states from dealing financially with Jewish settlements in the West Bank, an Israeli diplomat said on Tuesday.
- Bayer bids EUR 1.8 bn for Norway's Algeta — 26 November 2013, 11:18 CET
German pharmaceutical group Bayer has made a bid for its Norwegian partner and competitor Algeta, specialised in cancer treatments, for 1.8 billion euro, the Nordic company said on Tuesday.
- China, East Europe pledge to boost ties, heed EU rules — 26 November 2013, 14:52 CET
China and 16 Central and Eastern European countries pledged Tuesday to boost two-way investment and trade, insisting that EU regulations will be met.
- Billion-euro fund to be unveiled at Putin-Letta talks — 26 November 2013, 11:17 CET
Italy will be eyeing Russian cash for its crisis-hit economy as President Vladimir Putin and Prime Minister Enrico Letta hold a meeting on Tuesday where they will unveil a 1-billion-euro joint investment fund.