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Business news and information from the European Union

Nationalisations, German probes in Greek contingency plan: report 01 August 2015, 15:07 CET
Greece had a contingency plan in the event of being forced by creditors into a disorderly default, which included nationalisations and a corruption probe targeting German companies, a Greek newspaper reported Saturday.

Greek bailout talks with auditors begin as market to reopen Monday 01 August 2015, 11:08 CET
Senior EU-IMF auditors on Friday held their first meetings with Greek ministers to finalise a new three-year bailout as the Athens stock market prepares to reopen after being shut down for over a month by the debt crisis.

Eurozone inflation, jobless rates unchanged 01 August 2015, 11:08 CET
Inflation in the 19-nation eurozone was unchanged in July while the jobless rate for June was also flat, suggesting the economy maintained only modest growth, official data showed Friday.

EU opens anti-trust probe into FedEx/TNT Express tie-up 31 July 2015, 19:01 CET
The EU on Friday opened an anti-trust probe into FedEx's 4.4 billion euro ($4.8 billion) deal to buy Dutch rival TNT Express, a key tie-up for the e-commerce delivery business.

IMF calls for Greek debt relief 'compatible' with EU agenda 31 July 2015, 17:10 CET
The EU said Friday that the International Monetary Fund's calls for debt relief for Greece are "fully compatible" with the agenda in Brussels for negotiating a third Athens bailout.

Anti-EU UKIP unveils campaign for Brexit 31 July 2015, 17:09 CET
The leader of Britain's anti-EU UK Independence Party (UKIP) on Thursday unveiled plans for hundreds of rallies from September to campaign for a "No" vote in the EU membership referendum.

Finland seeks US explanation for sanctions on Finns over Ukraine crisis 31 July 2015, 16:15 CET
Finland has asked the United States to explain why two Finnish citizens and four enterprises have been slapped with sanctions over the conflict in Ukraine, the Finnish Foreign Ministry said on Friday.

Greek PM defends Varoufakis over Grexit 'defence plan' 31 July 2015, 15:09 CET
Greek Prime Minister Alexis Tsipras on Friday defended his former finance minister Yanis Varoufakis over a Grexit 'defence plan' that has led to lawsuits against the maverick economist.

EU urges Israel to show 'zero tolerance for settler violence' 31 July 2015, 15:07 CET
The EU urged Israel Friday to show "zero tolerance" for settler violence after an arson attack blamed on settlers in the occupied West Bank left a Palestinian toddler dead.

EU to extend relief for farmers hit by Russia sanctions 31 July 2015, 12:27 CET
The EU said Thursday it will extend until next year a multi-million euro aid package to help struggling European farmers hit by Russian sanctions over the Ukraine crisis.

Austria to halt refugee intake at 'dangerous, inhumane' camp 31 July 2015, 12:07 CET
Austria's main refugee processing centre will temporarily halt its intake of asylum seekers at the overcrowded camp, officials said on Friday, after the UN described conditions there as "dangerous and inhumane".

IMF 'will not join Greece bailout until debt concerns are addressed' 31 July 2015, 10:59 CET
The International Monetary Fund said Thursday it would not join a new bailout program for Greece until conditions for debt sustainability, including debt relief and economic reforms, are clearly assured.

Fears of humanitarian crisis in Serbia as refugees stream in 31 July 2015, 05:07 CET
At the crack of dawn hundreds of refugees, most of them Syrians, stream into Serbia's southern valley of Presevo after a perilous journey they hope will lead to a new life in the European Union.

Greek PM's Syriza party to hold congress in September 31 July 2015, 00:32 CET
Greece's hard-left Syriza party, deeply divided over the reforms needed to secure a new international bailout, on Thursday agreed to hold an emergency congress in September as requested by Prime Minister Alexis Tsipras.

US tightens Russia/Ukraine sanctions net 30 July 2015, 22:12 CET
The United States ordered additional sanctions related to Russia and Ukraine on Thursday, saying it aimed to fight evasion and align the US effort closer to its international partners.

Bosnian unions protest EU labour law reforms 30 July 2015, 18:39 CET
Several thousand people protested Thursday against a new labour law as a part of reforms required by the EU, arguing that it would reduce the local labour force to "slavery".

Greek PM calls party congress on bailout in September 30 July 2015, 16:11 CET
Greek Prime Minister Alexis Tsipras, under fire from his Syriza party comrades over the EU-IMF bailout, has proposed holding an emergency party congress in September to determine government strategy.

Disneyland Paris rejects price discrimination claim 30 July 2015, 16:09 CET
Disneyland Paris on Wednesday denied allegations that it overcharges customers from certain countries a day after the European Commission said it had launched a probe.

EU 'very much regrets' Russian veto of UN MH17 resolution 30 July 2015, 15:41 CET
The EU says it regrets as a "setback" a Russian veto of a UN resolution for a tribunal to prosecute those responsible for downing Malaysia Airlines flight MH17 over Ukraine last year.

Irish economy posts further strong growth 30 July 2015, 15:15 CET
Ireland's economy accelerated by 1.4 per cent in the first three months of this year and expanded by more than previously thought in 2014, official data showed on Thursday.

Santander bank reports profits surge on Britain, euro 30 July 2015, 11:57 CET
Europe's biggest bank by capitalisation, Santander of Spain, said Thursday quarterly profits surged 17.2 percent to 1.7 billion euros ($1.9 billion) on growth in markets including Britain and a weak euro.

Greek PM threatens snap vote over party rebels' opposition to bailout 29 July 2015, 21:48 CET
Greek Prime Minister Alexis Tsipras on Wednesday warned he would resort to early elections if hardliners in his party continued to resist an unpopular new bailout deal that promised debt relief.

ECB leaves emergency liquidity for Greece unchanged 29 July 2015, 20:33 CET
The European Central Bank decided Wednesday to leave its emergency credit lifeline for Greece unchanged, said a source close to the decision who asked not to be identified.

EU takes France to court over Ryanair aid 29 July 2015, 20:33 CET
The EU referred France to the European Court of Justice on Monday for failing to recover nearly 10 million euros in illegal state aid received by low-cost airlines Ryanair and Transavia.

'Deeds, no creeds': IMF's Lagarde says Greek acts crucial 29 July 2015, 16:32 CET
International Monetary Fund Managing Director Christine Lagarde said Wednesday that she is focused more on how Greece acts than what people say about the reforms that creditors press for.