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Business news and information from the European Union

Jobs, Ukraine, Brexit among tasks for new EU Commission 31 October 2014, 18:58 CET
The new European Commission has a challenging agenda -- launch a 300-billion-euro investment plan, defuse tensions with Russia, conclude a huge US trade deal and keep Britain in the EU.

Eurozone inflation up, unemployment steady 31 October 2014, 18:58 CET
Eurozone inflation edged up to 0.4 per cent from multi-year lows while unemployment was little changed, official data showed Friday, providing only limited reassurance that a modest economic recovery remains on track.

Cyprus court ruling opens way for bailout funds 31 October 2014, 18:58 CET
The Cypriot supreme court ruled as unconstitutional Friday four bills on bank foreclosures whose passage by parliament prompted international lenders to halt payments on the country's 10-billion-euro ($12.7-billion) bailout.

ECB dons new hat as eurozone banking supervisor 31 October 2014, 18:58 CET
The European Central Bank takes over as Europe's banking watchdog on Tuesday in a historic shake-up of the financial system aimed at preventing a repeat of the crisis that nearly led to the collapse of the euro.

EU's new Mediterranean migrant rescue mission starts Saturday 31 October 2014, 18:56 CET
The EU will launch a new search and rescue mission for migrants in the Mediterranean on Saturday, the European Commission said, after Italy confirmed it would end its "Mare Nostrum" operation.

Italy ignores pleas, ends boat migrant rescue operation 31 October 2014, 18:53 CET
Italy on Friday ignored the pleas of aid agencies and confirmed the end of its search and rescue operation "Mare Nostrum", responsible for saving tens of thousands of boat migrants stranded in the Mediterranean.

EU hauls up Spain over Morocco migrant treatment 31 October 2014, 18:47 CET
The European Union on Friday expressed concern about Madrid's treatment of migrants crossing to Spain's north African territory of Melilla and demanded an explanation after a video showed abuse by border guards.

Norway fronts up to Hungary in 'political' aid row 31 October 2014, 18:42 CET
Oil-rich Norway vowed Friday to continue backing Hungarian NGOs despite complaints from Budapest that it was funding the country's opposition.

Finnair blames euro for weak Q3 results, looks to Asia 31 October 2014, 16:53 CET
Finnish airline Finnair blamed the strength of the euro against Asian currencies for a fall in quarterly net profit and sales, in results on Friday.

EU says Burkina Faso people must decide own future 31 October 2014, 16:52 CET
The EU called Friday for the people of Burkina Faso to have the final say in who governs the west African country, as President Blaise Compaore stepped down after mass protests.

Mediterranean rescues 'not pull-factor' for migrants 31 October 2014, 15:42 CET
The International Organization for Migration rejected Friday allegations that an Italian operation to rescue migrants in the Mediterranean had inspired a surge in the numbers attempting the perilous journey to Europe.

Italy's foreign minister resigns to take up EU post 31 October 2014, 13:31 CET
Italy's Foreign Minister Federica Mogherini stepped down on Friday, a day before she is set to take on the role of European foreign policy chief in Brussels.

Growth, jobs top new European Commission agenda 31 October 2014, 11:53 CET
Boosting growth, cutting near-record jobless queues and making member states stick to tough budget rules are just some of the tasks the new European Commission must quickly get to grips with.

EU vows 'thorough probe' of bribery claims in Kosovo mission 31 October 2014, 11:48 CET
The head of the European Union's justice mission in Kosovo on Thursday said he took "very seriously" allegations that some top officials had taken bribes to drop criminal cases and vowed a thorough investigation.

Juncker's new Commission takes office 31 October 2014, 11:36 CET
The new European Commission formally takes office Saturday under Jean-Claude Juncker, whose skills at getting things done in the labyrinthine corridors of power in Brussels face their biggest challenge yet.

EU resumes financial aid to Zimbabwe 31 October 2014, 11:31 CET
The European Union will resume development and finance cooperation with Zimbabwe this weekend when part of the sanctions imposed on President Robert Mugabe's government over rights abuses expire.

EU extends Belarus sanctions for a year 31 October 2014, 11:23 CET
The European Union on Thursday extended sanctions against Belarus for an additional year, saying Minsk had not made enough progress on human rights to justify any other course.

EU will 'play its role' to support Ukraine-Russia gas deal 31 October 2014, 11:15 CET
The European Union will "fully play its role" to implement the gas deal signed by Ukraine and Russia on Thursday, the French and German leaders said in a joint statement.

Tunisia vote 'transparent', 'credible': EU observers 30 October 2014, 23:17 CET
Tunisia's first parliamentary election since the Arab Spring revolution of 2011 was transparent and credible, the head of the EU observer mission said on Tuesday.

Ukraine, Russia, EU agree gas supply deal: EU source 30 October 2014, 22:02 CET
Russia agreed to resume gas deliveries to Ukraine through the winter in an EU-brokered deal reached by the three parties in Brussels on Thursday, an EU source said.

Ukraine to ask EU, US for help paying for Russian gas 30 October 2014, 20:31 CET
Ukraine's prime minister said Thursday he would ask the United States and Germany for help paying Kiev's gas debt to Moscow so that Russia could resume supplies.

IMF cautions Greece on early withdrawal from program 30 October 2014, 20:29 CET
The IMF said Thursday that Greece is not ready to rely solely on commercial markets for financing, after Prime Minister Antonis Samaras said the country might exit its bailout early.

EU calls for end to Burkina Faso violence, urges dialogue 30 October 2014, 20:13 CET
The European Union called for an end Thursday to violence in Burkina Faso and urged a "constructive dialogue" after protestors set parliament ablaze in an uprising against long-standing President Blaise Compaore.

EU may demand more action on budget deficits 30 October 2014, 16:46 CET
France and Italy and other EU countries running excessive deficits but which have scraped through an initial review of 2015 budgets may still have to do more, the European Commission said Wednesday.

North Korea threatens to halt cooperation on human rights 30 October 2014, 14:09 CET
North Korea warned Thursday it would stop engaging with the international community on human rights issues if a resolution is presented to the United Nations requesting Pyongyang be referred to the International Criminal Court for possible prosecution.