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Business news and information from the European Union

Europe's energy transition well under way, says EU 01 February 2017, 23:21 CET
The EU's annual State of the Energy Union report, published Wednesday, showed Europe's economy moving away from fossil fuels, but at a pace criticised as too slow to meet the goals of the Paris Agreement.

Trump threatens EU's future: Tusk 01 February 2017, 15:51 CET
As EU leaders prepare to meet at a summit on Friday, Council president Donald Tusk listed the Trump administration alongside Islamic extremism as a major threat to the existence of the European Union.

Terrorist links sufficient to reject asylum seeker: EU Court 01 February 2017, 13:54 CET
An asylum seeker does not personally need to have committed terrorist acts for an application for asylum to the EU to be refused, the European Court of Justice ruled on Tuesday.

Russian import duties on German, Italian vans illegal, rules WTO 30 January 2017, 18:32 CET
Anti-dumping duties on vans imported from Italy and Germany, introduced by Russia in 2013, were declared illegal by a World Trade Organization panel saying the duties hindered exports of the vehicles.

Brussels mulls new initiative on antimicrobial resistance 27 January 2017, 17:38 CET
The EU Commission launched a public consultation Friday on possible activities to include in a new action plan to combat antimicrobial resistance (AMR) it plans to adopt this summer.

Europe at increasing risk from climate change: report 27 January 2017, 17:26 CET
Rising sea levels, extreme weather such as intense heat waves, flooding, droughts and storms pose increasingly severe risks to Europe's ecosystems, human health and economy, says a new report.

EU imposes new import duties on Chinese steel 27 January 2017, 17:24 CET
The European Commission decided Friday to impose definitive anti-dumping measures on two steel products originating in China and Taiwan.

Power emissions in the EU fell by 4.5 pct in 2016: report 26 January 2017, 23:05 CET
EU power emissions fell 4.5 per cent in 2016, according to a new report out on Wednesday, primarily as a result of a huge switch from coal generation to gas generation.

Record numbers take part in Erasmus exchange programme 26 January 2017, 23:05 CET
678,000 Europeans - more than ever before - were able to study, train, work and volunteer abroad with the help of Erasmus+, the EU's education and training programme, which is 30 years old this year.

Recycling target should be 70 pct, say Euro-MPs 26 January 2017, 22:12 CET
70 per cent of waste should be recycled by 2030 - from 44% today - a European Parliament committee said Tuesday, with landfill, which has a big environmental impact, being limited to 5 per cent.

Bulgaria, Romania still have work to do on corruption 26 January 2017, 22:10 CET
The fight against corruption and organised crime in Romania and Bulgaria still has some way to go, the EU Commission said in a report on judicial reform and the fight against corruption in the countries.

ECB Greek debt exchange scheme lawful: EU Court 26 January 2017, 18:28 CET
The ECB is not bound to make good losses allegedly sustained in 2012 by commercial banks holding Greek debt instruments in connection with restructuring of Greek debt, the EU's top court ruled Tuesday.

EU antitrust concerns prompt changes to Amazon e-books contracts 26 January 2017, 14:22 CET
The EU Commission is inviting comments on a number of changes Amazon is making to its e-books contracts, in response to a formal antitrust investigation into Amazon's practices started in 2015.

EU Parliament committee backs EU-Canada trade deal 25 January 2017, 17:35 CET
Members of the European Parliament's trade committee gave their backing Tuesday to the controversial CETA EU-Canada trade and investment protection agreement.

Essen is European Green Capital for 2017 23 January 2017, 17:58 CET
From coal and steel industry to the greenest city in North Rhine-Westphalia, the town of Essen in Germany officially became the 2017 European Green Capital on 21 January.

Social rights: EU prepares to address citizens' disconnect 23 January 2017, 17:56 CET
More "fairness and social justice in Europe" is the aim of of the European Commission as it prepared next steps towards a European Pillar of Social Rights Monday at a high level conference in Brussels.

Brussels hails Amazon, Apple audiobooks deal 22 January 2017, 23:58 CET
The European Commission welcomed Thursday an agreement to end all exclusivity obligations concerning audiobook supply and distribution between Amazon's subsidiary Audible and Apple.

EU sets sights on new stimulus for capital markets union 22 January 2017, 23:57 CET
The European Commission launched a public consultation Friday with a view to developing faster and more ambitious progress towards a Capital Markets Union (CMU).

MEPs reject weak Commission money-laundering blacklist 22 January 2017, 12:33 CET
MEPs voted Thursday to reject the EU Commission's blacklist of countries deemed to be at risk of money laundering and terrorist financing, saying the list was too limited, and should be expanded.

Improved car rental practices earn EU assent 19 January 2017, 22:12 CET
The EU Commission gave Europe's major car rental companies the nod of approval Thursday for new improved practices agreed to improve the treatment of consumers renting their cars.

Court confirms Toshiba, Panasonic fine for cathode ray tubes cartel 19 January 2017, 13:51 CET
Europe's top Court confirmed Wednesday a fine of EUR 82 million imposed jointly and severally on Toshiba and Panasonic for their part in a cartel on the market for tubes for television sets.

EU and U.S. take stock of TTIP progress 19 January 2017, 00:16 CET
The EU and the U.S.published Tuesday a joint assessment of the progress made in the negotiations for a Transatlantic Trade and Investment Partnership (TTIP) since negotiations started in July 2013.

New debt recovery rules enter into force 18 January 2017, 23:49 CET
Businesses, particularly small and medium-sized enterprises (SMEs), will be able to benefit from new EU rules to recover debt from debtors in other EU countries which came into force on Wednesday.

European Parliament elects Tajani as its new president 18 January 2017, 23:48 CET
Euro-MPs elected Antonio Tajani, an Italian member of the centre-right European People’s Party (EPP), as their new president on Tuesday, to succeed Martin Schulz.

Britain must leave the single market, says May 18 January 2017, 22:52 CET
The United Kingdom must leave the EU's single market, prime minister Theresa May said in a speech Tuesday setting out her Brexit negotiating priorities as part of a Plan for Britain after leaving the EU.