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Business news and information from the European Union

Work placement for Sweden's recent migrants 07 February 2016, 15:27 CET
Sweden is pushing local governments to create temporary work placements for migrants as the country attempts to integrate a dramatic influx of refugees, an official said Sunday.

UK Labour leader backs staying in EU 07 February 2016, 14:41 CET
Britain's opposition Labour leader Jeremy Corbyn said Saturday that staying in the European Union was in the country's best interests.

Thatcher would have backed UK staying in EU: advisor 07 February 2016, 14:40 CET
Former prime minister Margaret Thatcher would have supported David Cameron's draft renegotiation of Britain's EU terms of membership, her closest advisor said on Sunday.

N. Korea rocket launch an 'outright and grave violation': EU 07 February 2016, 13:17 CET
The European Union on Sunday lashed North Korea's launch of a long-range rocket as "yet another outright and grave violation" of its obligations and urged Pyongyang to engage in dialogue with the international community.

EU calls on Israel to halt demolition of Palestinian housing 06 February 2016, 20:42 CET
The European Union on Saturday called on Israel to halt the demolition of Palestinian housing, some of which was EU-funded, and reiterated its opposition to expanding Israeli settlements in the occupied West Bank.

Turkey tightens visa rules for Iraqi citizens 'to fight illegal immigration' 06 February 2016, 16:47 CET
Turkey has tightened its visa rules for Iraqi citizens as a sign of its "determination to fight illegal immigration," the foreign ministry said Saturday.

Record 32-million-euro auction sale for 1957 Ferrari 06 February 2016, 13:57 CET
A legendary 1950s Ferrari has fetched a world record 32 million euros ($35 million) at auction, going under the hammer in Paris.

EU says Turkey must keep border open to Syrian refugees 06 February 2016, 10:37 CET
Top EU officials on Saturday reminded Turkey of its international obligations to keep its frontiers open to refugees as thousands fleeing a new government offensive in Syria remained camped out along its southern border.

Cameron woos Polish, Danish leaders as clock ticks to avert 'Brexit' 05 February 2016, 20:51 CET
British Prime Minister David Cameron on Friday appeared to have come a step closer to sealing a contentious EU-wide deal on reforms to prevent a "Brexit" after making headway in talks with Danish and Polish leaders.

Dutch PM to meet Davutoglu on migrant crisis 05 February 2016, 20:27 CET
Dutch Prime Minister Mark Rutte will meet his Turkish counterpart Ahmet Davutoglu next week seeking to firm up plans to tackle Europe's worst migration crisis since World War II.

UK cannot have 'Europe a la carte': EU parliament leader 05 February 2016, 20:27 CET
Britain faces opposition from European partners over plans to reform the EU ahead of an in/out referendum on membership,and should not expect "Europe a la carte," the European Parliament president warned Friday.

Under EU pressure, Portugal cuts 2016 deficit target 05 February 2016, 20:12 CET
Portugal said on Friday it had cut its budget deficit target for 2016 to 2.2 percent of gross domestic product (GDP) from a previously announced target of 2.6 percent.

Denmark backs deal to keep Britain in the EU 05 February 2016, 18:58 CET
Danish Prime Minister Lars Lokke Rasmussen on Friday lent support to his British counterpart who is seeking a deal that will keep Britain in the European Union.

EU approves Portugal budget despite concerns 05 February 2016, 18:06 CET
The European Commission on Friday approved Portugal's draft budget for 2016, but warned that more efforts would be needed by the socialist-led government to avoid a breach of EU rules on spending.

Eurozone growth forecast cut on China, migrant risks 05 February 2016, 16:59 CET
The EU cut Thursday its eurozone growth forecasts for this year, warning that the slowdown in China and Europe's biggest migrant crisis since World War II could chill the economy.

Stick to path of reforms: Merkel to Portugal 05 February 2016, 15:07 CET
German Chancellor Angela Merkel on Friday urged Portugal to stick to its commitments on economic reforms, as concerns grow that the new Socialist-led government was easing off on budget discipline.

Portugal cabinet adopts budget without waiting for EU blessing 05 February 2016, 11:31 CET
The Portuguese government on Thursday adopted its 2016 draft budget, a day before the European Commission was due to deliver its verdict on the country's progress towards more austerity.

Cameron fights for his place in history with EU vote 05 February 2016, 05:17 CET
Prime Minister David Cameron is playing a high-stakes game which will decide his place in political history with negotiations aimed at preventing Britain from leaving the EU in a looming referendum, experts say.

Rise in support for 'Brexit' after EU draft deal: poll 05 February 2016, 02:32 CET
Support for Britain leaving the European Union has risen since Prime Minister David Cameron unveiled proposals for a deal to keep the country in the bloc, according to a poll published on Friday.

EU leaders not happy with 'Brexit' offer: sources 04 February 2016, 22:57 CET
No European leaders are satisfied so far with proposals for a deal to keep Britain in the EU, which Prime Minister David Cameron hopes to secure at a summit this month, says sources close to the negotiations.

Euro-MPs back diesel test loopholes despite VW scandal 04 February 2016, 22:00 CET
Members of the European Parliament on Wednesday waved through plans to allow diesel car makers to exceed pollution limits, in a big victory for the auto industry after the Volkswagen scandal.

Syrian cancer kid first to use new Italy humanitarian corridor 04 February 2016, 18:57 CET
A Syrian child with eye cancer was flown into Italy for treatment Thursday, becoming the first to benefit from a new humanitarian corridor hoping to stop desperate refugees from attempting an often deadly Mediterranean crossing to Europe.

Controversy in Germany over plans to cap cash transactions 04 February 2016, 17:09 CET
A proposal by German Finance Minister Wolfgang Schaeuble to introduce a ceiling for cash payments to help combat money laundering and the financing of terrorism came under fire in Germany Thursday.

IMF and EU warn Portugal against 'loosening' budget effort 04 February 2016, 15:49 CET
Portugal's former international creditors voiced concern Thursday over a "loosening" of budget discipline and urged the new Socialist-led government to do more to spur economic recovery.

Dutch KPN gets thumbs up for EUR 1.3 bn sale of BASE 04 February 2016, 15:10 CET
Dutch telecoms group KPN said Thursday it has been given the green light to sell Belgian mobile phone operator BASE to cable group Telenet in a 1.3 billion-euro deal.