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Business news and information from the European Union

EU ready for Ebola threat 30 July 2014, 15:13 CET
The European Union is equipped and ready to treat victims should the deadly Ebola virus, which has killed hundreds in West Africa, be found in member states, EU sources said Wednesday.

Eurozone banks ease loan conditions for businesses: ECB 30 July 2014, 15:09 CET
Banks in the eurozone eased credit standards for loans to businesses in the second quarter for the first time since 2007, the European Central Bank said Wednesday.

EU offers extra EUR 2m to fight West Africa Ebola crisis 30 July 2014, 15:08 CET
The European Union on Wednesday allocated an extra two million euros ($2.7mn) to fight the Ebola outbreak spiralling out of control in West Africa, bringing total EU funding to 3.9 million euros.

Eurozone economic confidence flat in July 30 July 2014, 15:08 CET
Business and consumer confidence in the economic outlook for the eurozone was little changed in July, suggesting a modest recovery may be near peaking out, official figures showed on Wednesday.

Skymark shares slump after Airbus cancels deal 30 July 2014, 10:24 CET
Shares in Skymark plunged for a second straight day Wednesday wiping out a quarter of its value -- about $64 million -- after Airbus said it has cancelled a deal with the Japanese budget airline worth more than $2 billion.

Aspirin maker Bayer's earnings disappoint on strong euro 30 July 2014, 10:24 CET
German chemicals and pharmaceuticals giant Bayer, maker of Aspirin painkiller, said on Wednesday its net profit surged 13 percent in the second quarter but disappointed expectations due to the strength of the euro.

Oil diverges ahead of US crude inventory report 29 July 2014, 23:20 CET
Oil prices in New York fell Tuesday on a weak US crude demand outlook, while European oil prices rose on concerns about Libya and new European Union sanctions on Russia.

US slaps sanctions on Russian energy, arms and finance 29 July 2014, 23:19 CET
President Barack Obama declared Tuesday that the United States will join the European Union in slapping new sanctions on Russia's energy sector, arms industry and financial institutions.

German bonds plunge amid Ukraine crisis fears 29 July 2014, 21:25 CET
German borrowing costs fell to a record low on Tuesday as investors flocked to the perceived safe haven of bonds amid concerns over rising tensions between the EU and Russia.

EU increases Syria humanitarian aid by EUR 50m 29 July 2014, 21:24 CET
The European Commission said Tuesday it would release a further 50 million euros ($67 million) in humanitarian aid for Syria as the crisis there deepens.

EU clears Apple's $3 bn Beats deal 29 July 2014, 21:23 CET
The European Commission said Monday it has cleared Apple's $3 billion (2.2 billion euros) acquisition of US headphone maker and music streaming business Beats.

Top Kosovo ex-fighters face organ trafficking, war crimes indictment 29 July 2014, 21:23 CET
Several leaders of Kosovo's 1990s guerrilla army, some of them now senior officials, face possible indictment for crimes against humanity including murder and organ trafficking, an EU probe found Tuesday.

Sanctions noose tightens against Russia over Ukraine 29 July 2014, 21:17 CET
The European Union on Tuesday stepped up sanctions against Russia and pro-Moscow separatists in Ukraine, following the United States in imposing broad economic punitive measures.

Airbus cancels $2.2 bn jet order from Japan's Skymark 29 July 2014, 13:07 CET
Airbus on Tuesday said it has cancelled a $2.2 billion deal with Skymark Airlines for the purchase of six A380 superjumbos, reportedly over concerns about payment.

EU sanctions to hit Russia where it hurts 29 July 2014, 12:17 CET
The EU prepared Tuesday to hit Russia where it hurts with tough economic sanctions as Moscow insisted the West can do it little harm and showed no sign of reversing course in Ukraine.

Airbus says cancels six-jet order from Japan's Skymark 29 July 2014, 09:22 CET
Airbus on Tuesday said it has cancelled a deal with Skymark Airlines for the purchase of six A380 superjumbos, as shares in the Japanese budget carrier plunged in Tokyo.

Russia sanctions may undermine EU's recovery 29 July 2014, 04:27 CET
The EU is expected to take the plunge Tuesday and impose tougher sanctions on Russia over Ukraine, but the measures could hit its own struggling economy -- especially should Moscow reply in kind.

Greece, troika lenders to meet in Paris in September 29 July 2014, 00:42 CET
Greek officials will meet with the country's EU-IMF creditors in September in Paris instead of Athens, an official close to the lenders said Monday.

Airbus cancels order for six A380s from Skymark 29 July 2014, 00:13 CET
Airbus has cancelled an order for six A380 superjumbos from Skymark Airlines because the Japanese company is facing financial difficulties, French daily Les Echos reports.

EU hits Putin business associates with sanctions 29 July 2014, 00:12 CET
The EU agreed Monday to impose asset freezes and travel bans on business figures and entities closely associated with Russian President Vladimir Putin who have benefited from the Ukraine crisis, EU officials said.

Spain, Italy borrowing costs fall to record lows 29 July 2014, 00:04 CET
Interest on Spanish and Italian debt fell to record low on Monday while Portugal's continued to drop as investor concerns about the eurozone's former laggards eased.

West says Russia still arming Ukraine separatists, urges sanctions 29 July 2014, 00:04 CET
Swift new sanctions against Russia are needed to stop it from arming separatists in Ukraine and destabilising the country, the United States, Germany, France, Britain and Italy agreed on Monday.

Greece's next troika audit to be held in Paris: reports 29 July 2014, 00:03 CET
Greece's next scheduled audit by its EU-IMF creditors will be held in Paris instead of Athens, Greek media reported on Monday.

Major Western nations urge more pressure for Gaza ceasefire 28 July 2014, 19:27 CET
The United States and major EU nations called Monday for more pressure to get a ceasefire between Hamas and Israel, the French presidency said, as a conflict that has killed more than 1,000 Palestinians rages on.

Russia could block EU fruit imports, US chickens: reports 28 July 2014, 18:58 CET
Russia could soon block some fruit imports from the EU and chickens from the United States, reports said Monday, as Brussels considered slapping tighter sanctions on Moscow over the Ukraine crisis.