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
- 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
- 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.