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Business news and information from the European Union

EU says Apple's Irish tax deals breach rules 30 September 2014, 22:12 CET
The European Union said Tuesday that Apple's sweetheart tax deals with Ireland breached rules on receiving state aid, in a case which could cost the US tech giant billions if it is found at fault.

German press mocks EU digital chief's 'stupid celeb' comment 30 September 2014, 22:12 CET
German newspapers on Tuesday ridiculed incoming EU Digital Commissioner Guenther Oettinger after he blamed "stupid" celebrities for having their private nude pictures hacked and spread online.

Eurozone inflation hits 5-yr low in challenge to ECB 30 September 2014, 22:12 CET
Eurozone inflation dropped to the lowest level since the worst of the global financial crisis, EU figures show, heaping pressure on the European Central Bank to go even further to avert the threat of deflation.

EU gives more aid to farmers hurt by Russia sanctions 30 September 2014, 22:12 CET
The European Union introduced a new aid package on Tuesday worth 165 million euros to help farmers hit by Russian sanctions over the Ukraine crisis, but tightened up on dubious compensation claims.

EU urges Russia to release Lithuania fishing boat 30 September 2014, 22:10 CET
The EU urged Russia on Tuesday to release a Lithuanian fishing boat seized in international waters, in the latest incident involving Baltic states and their former Soviet master.

New Ukraine-Russia gas talks in Brussels this week: sources 30 September 2014, 22:09 CET
A new round of EU-brokered talks between Ukraine and Russia aimed at restoring Kiev's gas supplies during winter will take place in Brussels at the end of this week, sources said Tuesday.

UBS pays EUR 1.1 bn bail in France for tax fraud 30 September 2014, 22:08 CET
Swiss banking giant UBS has made a 1.1-billion-euro ($1.4 billion) bail payment for allegedly helping rich French clients to hide money in Switzerland, a lawyer for the firm said Tuesday.

French public debt over EUR 2 trillion for first time 30 September 2014, 22:06 CET
France's public debt has topped the symbolic level of 2.0 trillion euros for the first time, putting Paris on a fresh collision course with the European Union as the government prepares to unveil its annual budget.

EU keeps Russia sanctions as clashes resume in Ukraine 30 September 2014, 22:05 CET
The European Union on Tuesday decided to keep in place biting economic sanctions on Russia over its alleged backing of pro-Kremlin insurgents who have largely ignored a four-week Ukrainian truce.

EU must boost air, sea migrant rescues: Amnesty 30 September 2014, 22:03 CET
The EU's new leadership must boost air and naval power in the Mediterranean to rescue migrants who are dying in record numbers trying to reach the continent's shores, Amnesty International said Tuesday.

EU-US trade pact could drop key stumbling block: Malmstroem 30 September 2014, 11:31 CET
Europe's incoming Trade Commissioner Cecilia Malmstroem has opened the door to scrapping a controversial yet central element of the giant EU-US free trade deal that lets corporations sue governments.

Weak eurozone inflation data raises pressure on ECB 29 September 2014, 18:55 CET
Inflation remains stubbornly low in several eurozone states, national data showed on Monday, keeping pressure on the ECB to unveil new steps to stoke the region's moribund economy this week.

Ireland back in spotlight over Apple tax deal 29 September 2014, 17:40 CET
The prospect of the EU accusing Apple of getting illegal tax breaks in Ireland has reopened a debate on how European countries attract multinational businesses and puts Dublin back in the spotlight.

Balkans countries to cut roaming charges like EU 29 September 2014, 15:08 CET
Four Balkans countries signed Monday an accord to reduce roaming charges for mobile phone users in the region to the level prevalent in the EU.

Commission-nominee critical on US trade talks 29 September 2014, 15:07 CET
Cecilia Malmstroem, candidate to take over the sensitive trade portfolio at the European Commission, will sharply criticise Monday a key element of a giant EU-US free trade deal currently under negotiation.

Troika returns to Athens for a new, maybe last, audit 29 September 2014, 14:32 CET
Greece has prepared the ground so that Tuesday's visit by the troika of its international creditors could be the last review of its finances ahead of an early bailout exit.

EU to accuse Apple of taking illicit Irish state aid: report 29 September 2014, 14:29 CET
The European Union said it will unveil on Tuesday details of investigations into sweetheart tax deals for Apple amid reports it will accuse the US tech giant of getting illegal state aid.

Creeping angst in Germany as economists fear best is over 29 September 2014, 12:39 CET
Germany, which has long seen itself as the star pupil among debt-mired European economies, is heading for a steep decline driven by serious delusions about its own model, prominent experts are warning.

Belgrade sealed off for first Gay Pride since 2010 28 September 2014, 16:59 CET
Serbian gays and lesbians staged their first Belgrade Pride Parade in four years on Sunday, in what is seen as a test of the EU hopeful's commitment to protecting minority rights.

EU unveils interim deal for ending Russia-Ukraine gas war 28 September 2014, 11:27 CET
The European Union on Friday unveiled an interim deal meant to end Russia's latest gas war with Ukraine which could see a return of supplies to the crisis-hit nation and a renewal of trust between the rival neighbours.

Canada, EU formally conclude free trade pact 28 September 2014, 11:24 CET
Canadian and European leaders on Friday formally concluded a free trade agreement that is widely seen as a template for a larger pact between the EU and the United States.

Europe widens in-flight use of portable electronics 28 September 2014, 11:24 CET
The European Aviation Safety Agency (EASA) said Friday it had airlines to allow passengers to use mobile electronic devices, including phones, throughout the flight.

New EU Commissioners put through the wringer 28 September 2014, 11:23 CET
The men and women picked to run the EU for the next five years face a grilling by the European Parliament this week which could claim the scalp of at least one of them.

Sexism, lobbyist, anti-European: EU Commission picks to face grilling 28 September 2014, 11:14 CET
The 28 men and women picked to run the EU for the next five years face a grilling by the European Parliament this week. Here are five candidates under particular pressure as they sit down to face lawmakers.

Russia, EU lock horns at WTO over vehicle duties 26 September 2014, 22:40 CET
Russia on Friday blocked a European Union move to get the World Trade Organization to order Moscow to void Moscow's import duties on vans from Germany and Italy.