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Business news and information from the European Union

Cyprus president briefly hospitalised at EU summit 23 October 2014, 11:12 CET
Cyprus President Nicos Anastasiades was briefly hospitalised with high blood pressure on Thursday in Brussels after flying in for an EU summit, the government said.

Eurozone business activity picks up, worries remain: survey 23 October 2014, 10:56 CET
Business activity in the 18-nation eurozone strengthened slightly in October, a key survey showed Thursday, but overall the economy remained weak with new orders low and pressure on prices.

EU summit tackles climate change, Ebola 23 October 2014, 10:53 CET
European Union leaders meet at a summit in Brussels Thursday aimed at clinching a high-stakes deal on combating climate change and boosting efforts to fight the deadly Ebola virus.

Juncker wins green light for 'last chance' team 23 October 2014, 10:53 CET
The EU's incoming chief executive Jean-Claude Juncker vowed Wednesday to seize the "last chance" for the bloc as his team of Commissioners won parliamentary approval to start work on a stalling economy and foreign policy challenges.

Hungary to press charges against 'biased' foreign-backed NGO 22 October 2014, 23:47 CET
Hungary said Wednesday it will press criminal charges against a non-government organisation distributing grant aid from Norway, escalating a row with Oslo that has also drawn fire from Washington.

British DJ withdraws satirical track for anti-EU party 22 October 2014, 20:20 CET
A former British DJ on Wednesday withdrew a song he released in honour of the anti-immigration UK Independence Party (UKIP) sung in a mock Caribbean accent, following a wave of criticism.

Ex-IMF head pays EUR 3m bond in Spain scandal: source 22 October 2014, 18:43 CET
Ex-IMF head Rodrigo Rato paid a three-million-euro court bond Wednesday over allegations of lavish spending on company expenses while he was an executive at a bailed-out bank, a judicial source said.

France, Italy step closer to EU budget warning 22 October 2014, 18:42 CET
France and Italy moved a step closer on Wednesday to having their budgets humiliatingly sanctioned by Brussels, with four other countries also in the EU danger zone, a European source said.

Corporate bond-buying scheme 'an option' for ECB: analysts 22 October 2014, 16:42 CET
Corporate bond purchases would be one option for the European Central Bank to pump cash into the eurozone's flagging economy, analysts said on Wednesday, even as the bank said it had no such plans at present.

ECB hasn't seriously discussed stimulus 'Plan B': council member 22 October 2014, 12:17 CET
The European Central Bank has not "seriously" discussed a purchase of corporate bonds as another way of pumping cash into the stalling eurozone economy, a member of the bank's decision-making body said on Wednesday.

Juncker promises careful look at US trade deal 22 October 2014, 12:10 CET
Europe's incoming Commission head Jean-Claude Juncker says he will take a careful look at a controversial yet central element of a proposed giant EU-US free trade deal that allows corporations to sue governments.

Russia-Ukraine gas talks falter, new meeting next week 22 October 2014, 11:21 CET
EU-brokered crunch talks to resolve the bitter gas price dispute between Russia and Ukraine failed on Tuesday, as a new meeting was set for next week amid fears Moscow could halt crucial energy supplies to Europe this winter.

Juncker pledges investment package by year-end 22 October 2014, 11:20 CET
The EU's incoming chief Jean-Claude Juncker vowed on Wednesday to unveil a huge growth investment package before Christmas but also promised to enforce budget rules as Euro-MPs prepared to vote on his new team.

Propaganda, personal struggles turn some young Belgians to jihad 22 October 2014, 05:22 CET
As chairman of the Annasr mosque, Mimoun Aquichouh personally knows a number of young men who left the small Belgian city of Vilvoorde to wage jihad in Syria.

DR Congo rape doctor Mukwege wins EU Sakharov prize 21 October 2014, 21:46 CET
Doctor Denis Mukwege won the European Parliament's prestigious Sakharov human rights prize on Tuesday for his work in helping thousands of gang rape victims in the Democratic Republic of Congo.

EU regulators target Honeywell, DuPont over coolant 21 October 2014, 20:17 CET
EU anti-trust regulators said Tuesday that US firms Honeywell and DuPont may have hindered competition when they produced the only environmentally acceptable auto coolant for the European market.

Football: Both Serbia, Albania hope for favourable UEFA ruling 21 October 2014, 20:13 CET
Both Serbia and Albania are hoping for a favourable ruling from UEFA when European football's governing body meets Thursday over the violence that halted the Balkan rivals' Euro 2016 qualifier last week.

Brave healer of DR Congo's most horrific wounds 21 October 2014, 20:07 CET
Congolese doctor Denis Mukwege, who won the Sakharov human rights prize Tuesday, has been dubbed "Doctor Miracle" for helping tens of thousands of gang rape victims in the Democratic Republic of Congo.

High-stakes Russia-Ukraine-EU gas talks begin in Brussels 21 October 2014, 17:51 CET
Russia, Ukraine and the EU began crunch gas talks on Tuesday to resolve a bitter price dispute and end fears that Moscow could halt crucial energy supplies to Europe this winter.

Juncker on track to win approval for new Commission 21 October 2014, 17:50 CET
The EU's incoming chief executive Jean-Claude Juncker appeared on track Tuesday to win formal approval for his new team that will have to tackle Europe's economic and foreign policy challenges.

EU hits big banks for bailout war chest 21 October 2014, 17:23 CET
Small European banks, including Germany's powerful regional lenders, will contribute considerably less to a new eurozone rescue fund than the big banking groups that dominate the industry, European Commission plans showed on Tuesday.

Italy uncovers EUR 1.7 bn vast corporate fraud 21 October 2014, 17:13 CET
Italy's financial police on Tuesday said they had broken up a ring of companies they believe used false accounting to defraud the state out of 1.7 billion euros of tax.

EU calls for comment on Air France, KLM, Delta fare remedies 21 October 2014, 15:14 CET
The European Commission called on Tuesday for public comment on measures by Air France, KLM and Delta Airlines to meet concerns about possible overcharging on key international routes.

EU expands Syria sanctions list 20 October 2014, 22:53 CET
European Union foreign ministers agreed Monday to expand sanctions against Syria, adding 16 names and two entities to the blacklist for their role in a "brutal war" against their own people.

EU sees less violence in eastern Ukraine 20 October 2014, 22:50 CET
The European Union said Monday it believed a ceasefire and peace plan have helped reduce fighting between government and pro-Russian rebels in eastern Ukraine but condemned continued violations of the accord.