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Business news and information from the European Union

Europe's Galileo satnav system goes live 16 December 2016, 17:09 CET
Europe's satellite navigation system Galileo goes live for public authorities and businesses on Thursday, with the promise of accurate, fast and more reliable positioning for end users.

EU summit condemns Russia, Iran over Aleppo 16 December 2016, 17:06 CET
The EU summit strongly condemned the continued assault on Aleppo by the Syrian regime and its Russian and Iranian allies Thursday, after a symbolic address by the mayor of East Aleppo Mr Brita Haj Hassan.

5G mobile internet a step closer with 700 MHz deal 16 December 2016, 15:55 CET
EU Member States will make the 700 MHz band available for wireless broadband by 2020, enabling a shift to 5G mobile internet, Parliament and Council negotiators agreed informally on Wednesday evening.

Euro-MPs back new rules to boost rail travel 15 December 2016, 22:52 CET
Public contracts to supply domestic passenger rail services in EU Member States will normally have to be put out to tender under new rules backed by the European Parliament on Wednesday.

Fairer rules promised in EU benefits shake-up 15 December 2016, 15:50 CET
The EU Commission unveiled an overhaul of social security rules Wednesday, acknowledging a Brexit campaign which highlighted 'benefits tourism' as a major concern of voters.

Member states agree EU fishing quotas for next year 15 December 2016, 00:41 CET
EU fisheries ministers reached agreement Wednesday on 2017 catch limits for the main commercial fish stocks in the Atlantic, the North Sea and international fisheries in which EU vessels participate.

EU maps out joint 2017 legislative priorities 15 December 2016, 00:41 CET
The three EU institutions, European Council, Commission and Parliament, have negotiated a joint declaration on their 2017 priorities for the first time, focusing on jobs, security and the digital market.

Battery makers fined EUR 166m for cartel 14 December 2016, 00:25 CET
Sony, Panasonic and Sanyo received fines of EUR 166 million Tuesday for coordinating prices and exchanging sensitive information on supplies of rechargeable lithium-ion batteries.

Canada-EU talks mull trade investment court 14 December 2016, 00:03 CET
The EU Commission and Canada co-hosted Tuesday the first exploratory discussions with government representatives from around the world on establishing a multilateral investment court.

EU strengthens its defence against unfair trading 13 December 2016, 23:05 CET
European Union states agreed Tuesday on a proposal to modernise the EU's trade defence instruments, with a view to shielding EU producers from damage caused by unfair competition.

EU, Cuba sign historic cooperation deal 12 December 2016, 18:04 CET
The EU's foreign policy chief and Cuban Foreign Minister Bruno Rodriguez Parrilla Cuban signalled a normalising of EU-Cuba relations Monday with a first ever signing of a legal cooperation framework.

EU takes action against UK and Germany over dieselgate 09 December 2016, 00:24 CET
The European Commission announced Thursday that it is to open infringement procedures against the 7 EU Member States for their handling of the dieselgate scandal.

Reprieve for EU nature protection laws 08 December 2016, 00:03 CET
The EU ended uncertainty over the future of its flagship nature laws - the Birds and Habitats Directives - Wednesday by confirming these would be saved, and neither rewritten nor weakened.

One in four Europeans over 15 is a smoker 07 December 2016, 23:50 CET
Nearly 1 in every 4 persons aged 15 or over in the EU was a current smoker in 2014, according to figures published Wednesday by Eurostat, the EU's the statistical office.

HSBC, JP Morgan, Crédit Agricole fined EUR 485m for rate rigging 07 December 2016, 23:04 CET
Crédit Agricole, HSBC and JPMorgan Chase were fined a total of EUR 485m by the EU Commission Wednesday for their participation in the Euribor cartel in euro interest rate derivatives.

Social media sites slow to act on hate speech 07 December 2016, 12:41 CET
U.S. social media such as Facebook and Twitter are taking too long to act on hate speech, the EU said Tuesday as it published an evaluation of a code of conduct signed in May.

EU set for new chapter in relations with Cuba 07 December 2016, 12:36 CET
The European Union agreed Tuesday to sign a Political Dialogue and Cooperation Agreement between the EU and Cuba, representing a turning point in Cuba-EU relations.

EU clears Microsoft buy of LinkedIn 06 December 2016, 23:29 CET
The EU Commission approved the acquisition of LinkedIn by Microsoft Tuesday, subject to conditions aimed at preserving competition between professional social networks in Europe.

Brexit talks could be over by October 2018 06 December 2016, 13:57 CET
Negotiations with the United kingdom over withdrawal from the European Union could be over in 18 months, the EU's chief Brexit negotiator Michel Barnier said on Tuesday.

New counter-terrorism law backed by MEPs 05 December 2016, 22:51 CET
Travelling abroad for terrorist purposes, inciting terrorism and financing terrorist activities will be made a crime following a vote in the European Parliament on Monday.

EU reels from Italy vote as Renzi resigns 05 December 2016, 13:19 CET
Italy was left facing economic and political uncertainty Monday as prime minister Matteo Renzi resigned after voters rejected his plans to reform the constitution.

Commission, Germany agree road toll compromise 01 December 2016, 23:28 CET
The European Commission and Germany finally reached agreement Thursday on a solution to end a long-running legal dispute over the planned introduction of a road charge for passenger cars in Germany.

Winter package to reform EU's energy system 01 December 2016, 17:44 CET
The European Commission outlined Wednesday an extensive set of reforms to the EU's energy system, with a view to maintaining competitivity in a global transition to clean energy.

Simpler VAT rules to boost European e-commerce 01 December 2016, 17:42 CET
New rules covering the VAT environment for e-commerce businesses in the EU, unveiled Thursday by the European Commission, aim to help businesses buy and sell goods and services more easily online.

Euro-MPs greenlight EU-US data protection agreement 01 December 2016, 15:16 CET
The European Parliament gave the green light Thursday to the EU-US 'Umbrella Agreement' on the protection of personal data exchanged across the Atlantic for the purposes of law enforcement.