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Business news and information from the European Union

Spanish PM urges EU to act after new migrant tragedy 19 April 2015, 15:37 CET
Spanish Prime Minister Mariano Rajoy on Sunday urged the EU to do more to prevent further loss of life at sea after 700 migrants were feared drowned in a shipwreck in the Mediterranean.

EU to hold urgent meeting after 'unacceptable' migrant disaster 19 April 2015, 15:02 CET
The European Union on Sunday called an emergency meeting of ministers to discuss what the top EU diplomat said was the "unacceptable" tragedy of up to 700 people feared drowned in the latest Mediterranean migrant shipwreck.

EU to hold urgent meeting after new migrant boat disaster 19 April 2015, 13:57 CET
The European Union said Sunday it is organising an urgent meeting of foreign and interior ministers after the latest migrant boat disaster in the Mediterranean was feared to have killed up to 700 people.

Hollande says EU 'must act' after migrant boat tragedy 19 April 2015, 13:37 CET
French President Francois Hollande called Sunday for a meeting of EU foreign and interior ministers after the feared drowning of some 700 illegal migrants highlighted a growing crisis in the Mediterranean.

Cyprus bailout on track after foreclosure law passed 19 April 2015, 09:28 CET
Cyprus's bailout agenda was back on track Saturday after parliament adopted a controversial and long-delayed foreclosure and insolvency package as demanded by the country's international lenders.

EU dreams of Iranian gas to break dependence on Moscow 19 April 2015, 09:27 CET
The EU is hoping future gas imports from Iran can break its dependence on Russia as prospects grow for a nuclear deal that would include lifting sanctions on Tehran.

Draghi: 'More work needed now' by Greece for debt deal 19 April 2015, 09:26 CET
European Central Bank chief Mario Draghi said Saturday that Greece needs to do much more, and urgently so, on an acceptable plan to gain further EU financing.

Greek euro exit fears rise as IMF rebuffs payment delay 19 April 2015, 09:26 CET
Top European officials and Greece's finance minister were on Thursday forced to play down fears that the country was poised to exit the eurozone, after the IMF rejected suggestions that Athens would postpone loan repayments.

Thousands march in Europe against US-EU free trade pact 19 April 2015, 09:23 CET
Thousands of protesters took to the streets in Europe on Saturday to oppose the world's biggest free trade pact between the US and European Union.

TTIP, a red rag to a bull in Germany 18 April 2015, 12:03 CET
Say four simple letters, TTIP, to many Europeans and you're likely to be met with a blank stare. But in Germany, where resistance to the proposed US-EU free trade pact or Transatlantic Trade and Investment Partnership is fiercest, the response is likely to be a volley of angry words.

Greece, creditors to hold more debt talks Saturday 18 April 2015, 12:00 CET
Greece and its international creditors will meet Saturday in Paris to discuss Athens' massive debt bailout programme and reforms it must adopt in exchange for urgently needed funds, sources said.

US piles pressure on Athens as Greek crisis roils markets 18 April 2015, 00:27 CET
The United States piled pressure on Greece Friday to agree to key reforms to obtain new EU financing, but equity markets sank in fear that Athens is headed for default.

EU demands China 'review' Chinese journalist Gao Yu's trial 17 April 2015, 23:52 CET
The European Union on Friday demanded that China "review" the trial of 71-year-old Chinese journalist Gao Yu, who has been sentenced to seven years prison after being convicted of leaking state secrets.

US: Greek deal failure would spur economic uncertainty 17 April 2015, 23:27 CET
US Treasury Secretary Jacob Lew warned Friday that the European and global economies could face uncertainty if European Union negotiations on more financing for Greece fail.

Cyprus delays key foreclosure vote as protests turn violent 17 April 2015, 20:47 CET
The Cypriot parliament delayed voting Friday on controversial foreclosure legislation demanded by international lenders after protesters scuffled with police outside parliament.

EU eager to finalise probe into Google 'market abuse' 17 April 2015, 20:36 CET
The European Union said Thursday it had filed anti-trust charges against Google to speedily resolve allegations that the tech titan abuses its search engine's market dominance.

Baltics urge Poland to speed up region's gas link to EU 17 April 2015, 20:35 CET
The three Baltic states on Friday urged neighbouring Poland and the EU to speed up work on a gas pipeline to link them to the European market and reduce their reliance on Russia.

Obama urges 'major progress' this year on US-EU trade pact 17 April 2015, 20:31 CET
US President Barack Obama on Friday called for "major progress" in 2015 on a huge free trade agreement currently under negotiation between Washington and the 28-member European Union.

British newspaper baron gifts anti-EU UKIP GBP 1 million 17 April 2015, 15:49 CET
British media baron Richard Desmond gifted the anti-European Union UK Independence Party GBP 1 million weeks from one of the tightest elections in decades, his newspaper announced on Friday.

EU plots future energy security 17 April 2015, 15:47 CET
The European Union is drawing up contingency plans to guarantee energy security for the 28-nation bloc under all circumstances, its top energy official said on Thursday.

Greece, creditors to hold more debt talks Saturday 17 April 2015, 14:11 CET
Greece and its international creditors will meet Saturday in Brussels to discuss Athens' massive debt bailout programme and reforms it must adopt in exchange for urgently needed funds, the EU said Friday.

EU to broker new round of Serbia-Kosovo normalisation talks 17 April 2015, 11:27 CET
The EU said Friday it will host fresh talks next week between prime ministers Aleksandar Vucic of Serbia and Isa Mustafa of Kosovo as part of efforts to normalise their ties.

EU not laying ground for Greek exit: Moscovici 16 April 2015, 23:37 CET
The European Union is not laying the groundwork for a Greek exit from the eurozone, Economic Affairs Commissioner Pierre Moscovici insisted Thursday.

EU urges Spain to allow migrants to present asylum requests 16 April 2015, 21:51 CET
The EU urged Spain on Thursday to allow migrants trying to enter its north African enclaves to present their asylum requests without having to scale border fences.

Greece unveils modest cuts in government spending 16 April 2015, 19:47 CET
Facing tough negotiations with the European Union over a crucial debt financing deal, Greece's hard-left government revealed Thursday it will seek millions in savings through spending cuts to ministerial budgets.