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Business news and information from the European Union

EU gives Russia new sanctions ultimatum 31 August 2014, 04:07 CET
European Union leaders on Sunday gave Russia a week to reverse course in Ukraine or face a new round of sanctions as Kiev warned it was on the brink of "full-scale war" with Moscow.

Poland's Tusk, Italy's Mogherini get EU top jobs 31 August 2014, 04:02 CET
European leaders Saturday named Polish Premier Donald Tusk the next EU president and Italian Foreign Minister Federica Mogherini to head its diplomatic service as the bloc faces a series of challenges topped by Ukraine.

White House sends congratulations to EU's Tusk, Mogherini 31 August 2014, 01:47 CET
The White House on Saturday sent congratulations to Polish Premier Donald Tusk and Italy's Foreign Minister Federica Mogherini on their election to top posts within the European Union.

EU gives Russia new sanctions ultimatum 31 August 2014, 01:27 CET
European Union leaders on Sunday gave Russia a week to reverse course in Ukraine or face a new round of sanctions as Kiev warned it was on the brink of "full-scale war" with Moscow.

EU readies new Russia sanctions as Ukraine war fears grow 30 August 2014, 23:38 CET
The European Union readied a fresh wave of sanctions against Russia on Saturday with warnings that the escalating crisis in Ukraine was putting all of Europe at risk of conflict.

Poland's Tusk, Italy's Mogherini get EU top jobs 30 August 2014, 23:35 CET
European leaders Saturday named Polish Premier Donald Tusk the next EU president and Italian Foreign Minister Federica Mogherini to head its diplomatic service as the bloc faces a series of challenges topped by Ukraine.

Tusk: unflappable leader who has steered Poland through crisis after crisis 30 August 2014, 23:30 CET
Poland's Prime Minister Donald Tusk is a pro-European free marketeer who has earned the reputation of being an unflappable leader able to turn even the most difficult situations to his advantage.

The EU's top three jobs 30 August 2014, 23:19 CET
European Union leaders agreed Saturday to appoint Polish Prime Minister Donald Tusk to head the European Council and Italian Foreign Minister Federica Mogherini to lead the bloc's high-profile foreign affairs arm.

Mogherini: Italy's young rising star 30 August 2014, 23:16 CET
Italy's Federica Mogherini, named the European Union's new foreign policy chief on Saturday, is a member of what Prime Minister Matteo Renzi calls the up-and-coming "Erasmus generation".

New EU president Tusk 'can't imagine' Britain leaving 30 August 2014, 23:08 CET
Polish Prime Minister Donald Tusk, named Saturday as the next European Union president, said he could not imagine the bloc without Britain and pledged to do everything possible to meet London's demands for reform.

EU summit on economy in Italy October 6 30 August 2014, 20:46 CET
French President Francois Hollande announced on Saturday that EU leaders would hold a summit in Italy in early October aimed at boosting growth and jobs in the bloc.

Poland's Tusk to be EU president, Van Rompuy seems to let slip 30 August 2014, 20:32 CET
EU President Herman Van Rompuy appeared to reveal the name of his successor on Saturday as an open microphone caught him confirming Polish premier Donald Tusk was the pick to Cyprus's curious leader.

Hollande says EU sanctions on Russia to be increased over Ukraine 30 August 2014, 20:32 CET
French President Francois Hollande said Saturday that EU leaders meeting in Brussels were likely to boost sanctions on Russia over the escalating Ukraine conflict.

Barroso warns Ukraine crisis near 'point of no return' 30 August 2014, 20:30 CET
EU Commission head Jose Manual Barroso warned on Saturday that the crisis in Ukraine was reaching the point of no return, after reports Russian troops were fighting in the east of the country.

EU Socialists back Mogherini for bloc foreign policy chief 30 August 2014, 20:30 CET
European Union Socialists have agreed to back Italian Foreign Minister Federica Mogherini as the bloc's new foreign policy chief, Germany said on Saturday.

EU urges end to Russia 'aggression' in Ukraine 30 August 2014, 20:29 CET
EU foreign policy chief Catherine Ashton said a decision on further sanctions against Russia over what she described as its "aggression" in Ukraine would be made by EU leaders on Saturday evening.

Russia 'practically' at war with Europe: Lithuanian president 30 August 2014, 16:42 CET
Lithuanian President Dalia Grybauskaite on Saturday warned Russia was practically at war with Europe and urged tougher sanctions against Moscow.

Greece looks to debt relief in EU-IMF talks 30 August 2014, 15:37 CET
A delegation of senior Greek ministers heads into meetings in Paris with EU-IMF creditors on Tuesday hoping to win a direly-needed new round of debt relief to propel economic recovery.

EU moves towards tougher sanctions on Russia 30 August 2014, 12:34 CET
European Union foreign ministers on Friday cleared the way for tougher sanctions against Russia over what many of them described as its invasion of neighbour Ukraine.

EU leaders seek riposte to Russia 30 August 2014, 12:31 CET
European Union leaders gather in Brussels Saturday to thrash out a response to Russia's deeper involvement in war-torn Ukraine and to bring new faces to key EU posts.

EU leaders look to fill jobs as Ukraine crisis flares 30 August 2014, 00:12 CET
EU leaders will meet Saturday in a second attempt to find the right candidate for two of the biggest jobs in Brussels, a painstaking exercise that may be overtaken by the crisis in Ukraine.

Russian gas cut to Ukraine unlikely to hurt Europe: analysts 29 August 2014, 20:51 CET
Moscow's latest warning that Europe could run short of Russian gas this winter lacks credibility, analysts say, as the prospect of new Western sanctions over the Ukraine crisis rises.

EU condemns Russia's 'significant incursions' into Ukraine 29 August 2014, 20:32 CET
European Commission head Jose Manuel Barroso condemned Moscow's "significant incursions" into eastern Ukraine during a phone call with Russian President Vladimir Putin on Friday.

New Turkish top diplomat: pro-EU Erdogan ally with daunting task 29 August 2014, 16:27 CET
Mevlut Cavusoglu, who was on Friday named as the new Turkish foreign minister, is a strong supporter of Turkey's integration with the European Union as well as part of the inner circle of President Recep Tayyip Erdogan.

Eurozone inflation falls to 0.3%, as deflation knocks 29 August 2014, 16:26 CET
Eurozone inflation fell to 0.3 per cent in August, raising the dangers of deflation and also pressure on the European Central Bank to open up the cash floodgates, data showed on Friday.