Business news and information from the European Union
- The EU budget, who pays what and why? — 25 October 2014, 14:03 CET
British premier David Cameron's furious refusal of Brussels' demand that he pay 2.1 billion euros in back-dated budget contributions has left
some wondering what all the fuss is about.
- 25 eurozone banks fail ECB health check: report — 25 October 2014, 14:00 CET
Some 25 eurozone banks have failed a health check by the European
Central Bank, reports claimed Saturday, citing leaked documents.
- French news website unveils confidential EU budget letter — 25 October 2014, 11:42 CET
A confidential letter sent to France by the EU Commission demanding
clarifications on its 2015 budget, which will break EU spending rules,
was unveiled Friday by news website Mediapart.
- Frustration at UN climate talks despite EU deal — 25 October 2014, 11:40 CET
A European deal on curbing carbon emissions yielded a rare concrete
input Friday to UN climate talks, but did little to ease frustration
among negotiators demanding progress on a global pact in Bonn.
- Angry Cameron vows not to pay new British EU bill — 25 October 2014, 11:38 CET
David Cameron furiously rejected a demand from Brussels for more than two billion euros in backdated charges at a summit Friday, setting up a new showdown over Britain's place in the EU.
- Britain's press 'outraged' by EU bill, ask questions of Cameron — 25 October 2014, 01:12 CET
Britain's newspapers turned on the European Union on Saturday after it
demanded 2.1 billion euro ($2.6 billion) in backdated charges, but many
questioned why furious Prime Minister David Cameron seemed so shocked by
- Barroso says UK bill should not have been 'surprise' — 24 October 2014, 19:24 CET
Britain should have been prepared for an EU bill of more than two billion euros that has infuriated London, European Commission President Jose Manuel Barroso said Friday.
- Russian banks take EU to court over sanctions — 24 October 2014, 17:11 CET
Three of Russia's biggest lenders said Friday that they are taking the EU to court over sanctions imposed on them as part of measures aimed at forcing Moscow's cooperation in the Ukraine crisis.
- ECB to unveil results of eurozone bank health check — 24 October 2014, 17:11 CET
The European Central Bank on Sunday releases the results of an unprecedented health check of eurozone banks before assuming the role of the region's banking supervisor next month.
- Russia seizes banned EU meat disguised as chewing gum — 24 October 2014, 16:35 CET
Russian customs officers are struggling to digest a new smuggling scam after some 600 tonnes of banned meat from Europe were discovered disguised as other items such as chewing gum.
- Praise, catcalls greet EU emissions deal at UN talks — 24 October 2014, 16:07 CET
A deal to reduce European carbon emissions earned a mixed response at UN climate talks Friday, where some said it would give the troubled process a push while others said it fell short.
- Cameron disrupts summit over EU cash demand — 24 October 2014, 16:04 CET
British Prime Minister David Cameron upstaged an EU summit on Friday over a demand from Brussels for extra budget billions from member states, overshadowing talks meant to tackle Europe's stalling economy.
- Merkel urges Putin to support solution to Ukraine gas dispute — 24 October 2014, 15:52 CET
German Chancellor Angela Merkel urged Russian President Vladimir Putin in a telephone call Friday to throw his weight behind a quick resolution of an ongoing gas dispute with Ukraine as winter looms.
- UN climate chief hails EU deal — 24 October 2014, 13:23 CET
The UN's climate chief hailed a European agreement on greenhouse gases Friday as providing "valuable momentum" for a world pact to be inked in Paris next year.
- Italian PM vows to publish cost of EU institutions in budget row — 24 October 2014, 13:23 CET
Italian Prime Minister Matteo Renzi on Thursday announced his intention to make public the cost of the European institutions, as a row exploded over his country's budget plans.
- EU boosts Ebola aid for west Africa to EUR 1.0 bn — 24 October 2014, 13:21 CET
European Union leaders agreed Friday to boost aid to combat the deadly Ebola virus in west Africa to one billion euros ($1.26 billion), EU president Herman Van Rompuy said.
- EU leaders seal landmark 2030 climate deal — 24 October 2014, 13:18 CET
European Union leaders agreed Friday what they hailed as the world's most ambitious climate change targets for 2030, paving the way for a new UN-backed global treaty next year.
- British PM demands crisis talks over EU cash demand — 24 October 2014, 13:13 CET
British Prime Minister David Cameron interrupted the EU summit on Friday to demand an emergency finance ministers meeting over a demand from Brussels for an extra EUR 2.1 bn from London, sources said.
- Anger in Britain over EU's 'thirsty vampire' payout demand — 24 October 2014, 12:17 CET
A demand for Britain to pay an extra 2.1 billion euros ($2.6 billion) to
the European Union shows the EU is a "thirsty vampire", eurosceptic
leader Nigel Farage said on Friday, as lawmakers voiced anger over the
- Britain's Cameron in new row over EU demand for extra EUR 2.1 bn — 24 October 2014, 09:34 CET
Prime Minister David Cameron faces a fresh showdown with the EU after Brussels on Thursday demanded an extra 2.1 billion euros from Britain because its economy is thriving while Europe stalls.
- EU appoints Ebola czar — 24 October 2014, 00:58 CET
EU leaders on Thursday named Christos Stylianides of Cyprus to coordinate the bloc's fight against Ebola which has claimed nearly 4,900 lives in west Africa.
- Eurozone business activity picks up, worries remain — 23 October 2014, 23:29 CET
Business activity in the 18-nation eurozone strengthened slightly in October, a key survey showed Thursday, but overall the economy remained weak with new orders low and pressure on prices.
- EU puts up EUR 24m to find Ebola vaccine — 23 October 2014, 23:29 CET
The European Union put up 24.4 million euros Thursday in a "race against time" to find Ebola vaccines and treatments as deaths from the disease mount in the worst affected countries.
- EU leaders close in on climate change deal — 23 October 2014, 23:17 CET
European leaders moved closer to a landmark climate change deal Thursday in spite of deep divisions over targets that will set the standard for a UN-backed global treaty in 2015.
- Italy angers EU in budget battle — 23 October 2014, 23:08 CET
European Commission head Jose Manuel Barroso sharply criticised Italy on Thursday for publishing a letter from the EU requesting clarifications on Rome's rule-breaking budget.