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Business news and information from the European Union

RBS admits European stress test blunder 22 November 2014, 01:57 CET
The Royal Bank of Scotland has accepted that it got its sums wrong over the European Banking Authority stress tests last month.

EU could give France until 2015 on budget: sources 21 November 2014, 23:13 CET
The EU could delay a decision on France's budget overshoot until early 2015 instead of making a ruling next week as expected, sources said on Friday.

British anti-EU party takes second seat in blow for Cameron 21 November 2014, 13:57 CET
Britain's UK Independence Party celebrated winning its second parliament seat in a blow for the government that further fragments the political landscape ahead of next year's general election.

Juncker to unveil giant investment plan 21 November 2014, 12:17 CET
European Commission chief Jean-Claude Juncker will next Wednesday unveil his long awaited EUR 300 bn investment plan to boost jobs and growth in the EU's flagging economy.

Britain's UKIP set for landmark poll win 21 November 2014, 11:03 CET
Britain's anti-EU UK Independence Party (UKIP) was set to claim its second seat in parliament, as votes were counted early Friday in the town of Rochester, potentially foreshadowing a political upheaval at next year's general election.

EU rejects Britain bonus cap challenge 21 November 2014, 11:02 CET
The top EU court's advisor on Thursday rejected Britain's legal challenges to a cap on banking bonuses, forcing Prime Minister David Cameron's government into an embarrassing U-turn.

EU to use 'LuxLeaks' documents in tax probe 21 November 2014, 11:02 CET
The EU said Thursday it will use the so-called "LuxLeaks" documents to decide whether to widen its probe into Luxembourg's tax deals, in a row that has embroiled new Commission head Jean-Claude Juncker.

Truck makers probed by EU for pricing cartel 21 November 2014, 11:02 CET
The European Union said on Thursday that it suspected major truck makers of operating an illegal cartel to rig prices, saying they faced heavy penalties if found guilty.

Eurozone growth at 16-month slow point 20 November 2014, 23:11 CET
Growth in the eurozone has slowed to its slowest pace in 16 months as new orders dipped, survey company Markit said Thursday, raising pressure on policy-makers to crank up measures to support the economy.

Britain's UKIP set for landmark poll win 20 November 2014, 23:08 CET
Britain's anti-European Union UK Independence Party was set on Thursday to claim its second seat in parliament a month after gaining its first foothold as voters went to the polls in the town of Rochester.

Turkish parliament okays sending troops on Africa mission 20 November 2014, 19:11 CET
Turkish lawmakers approved Thursday sending troops on a year-long mission with EU forces in the Central African Republic and Mali as Turkey continues efforts to bolster its presence in the region.

EU says Iran must make 'strategic decision' in talks 20 November 2014, 19:08 CET
EU foreign affairs chief Federica Mogherini urged Iran to compromise in tense talks on its nuclear programme Thursday, saying Tehran must take a "strategic decision" to win a landmark deal.

IMF approves EUR 1 bn stand-by loan for Serbia 20 November 2014, 18:05 CET
The International Monetary Fund said Thursday it had approved a new stand-by loan for Serbia worth around one billion euros to help it achieve economic reforms.

Euro police arrest Vietnamese people 'smuggling gang' 20 November 2014, 13:47 CET
European police have arrested more than two dozen alleged people smugglers in six different countries in a probe into illegal immigration of Vietnamese citizens, Europol said on Thursday.

EU court says Britain must cut air pollution 20 November 2014, 11:54 CET
Britain must take action in as "short as possible" a time to cut air pollution in line with European standards, the European Court of Justice ruled on Wednesday.

Muslim 'apostates' come out of hiding in Europe 20 November 2014, 10:53 CET
A number of Muslims in Europe are publicly abandoning their religion to become Christians or agnostics despite their former community's taboo against such acts.

EU flag removed from Hungary parliament in identity row 19 November 2014, 20:33 CET
Hungarian opposition deputies were on Wednesday stopped for the third time in two weeks from bringing the EU flag into the country's parliament as part of an ongoing tussle over European identity.

European urbanites breathing highly polluted air 19 November 2014, 20:17 CET
As many as nine in 10 European city dwellers breathe air high in pollutants, blamed for 400,000 premature deaths every year, the European Environment Agency said on Wednesday.

EU to reveal lobbying in transparency push 19 November 2014, 20:16 CET
The EU announced plans to make top officials publicly declare meetings with lobbyists as part of plans by under-fire new European Commission chief Jean-Claude Juncker to boost transparency.

Qatar Airways chief takes swipe at European carriers 19 November 2014, 20:16 CET
Qatar Airways chief Akbar al-Baker on Wednesday took a swipe at legacy carriers which complain of competition from Gulf carriers, accusing them of being "inefficient" and protected by EU policies.

Eurofighter unveils EUR 1.0 bn radar upgrade 19 November 2014, 20:13 CET
Europe's Eurofighter consortium committed Wednesday to a 1.0-billion-euro ($1.25-billion) upgrade to equip Typhoon combat jets with a more advanced type of radar.

Luxembourg PM slams EU single tax plans 19 November 2014, 20:13 CET
Luxembourg Prime Minister Xavier Bettel said he was firmly opposed to harmonising tax policies in the EU, a report said Wednesday, hitting back after an investigation exposed his tiny country as a global tax haven.

Croatia's presidential elections set for December 28 19 November 2014, 15:37 CET
Croatia, the European Union's newest member, has called presidential elections for December 28, the government said Wednesday.

EU budget talks drag on past deadline 19 November 2014, 15:13 CET
Cost-conscious EU governments and a more generous-minded European Parliament failed to reach an eleventh hour agreement for the bloc's 2015 budget late Monday, forcing officials to draw up a new proposal.

Pakistani flag carrier cleared for EU cargo flights 19 November 2014, 11:02 CET
Pakistan International Airlines (PIA) has secured approval for cargo services to the European Union after being suspended over security fears, officials said Wednesday, a rare boost for the beleaguered flag-carrier.