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The European Union

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  • EU approves Nokia acquisition of Alcatel-Lucent Friday, 24 Jul 2015 | 6:05 AM ET

    BRUSSELS— The European Union has approved the 15.6 billion-euro acquisition of ailing French telecom company Alcatel-Lucent by Finland's Nokia Corporation following an investigation into whether the deal broke competition rules. The EU's executive Commission said Friday that there was enough difference between the two firms to not raise major...

  • President Barack Obama told the BBC in an interview excerpt that aired on Thursday that Britain must remain in the European Union to maintain its global influence. Britain's EU membership "gives us much greater confidence about the strength of the transatlantic union," Obama said, adding the EU had "made the world safer and more prosperous."

  • Obama urges Britain to stay in EU in BBC interview Thursday, 23 Jul 2015 | 5:17 PM ET

    President Barack Obama told the BBC in an interview excerpt that aired on Thursday that Britain must remain in the European Union to maintain its global influence. Britain's EU membership "gives us much greater confidence about the strength of the transatlantic union," Obama said. He also said his biggest frustration was the failure to pass "common-sense gun...

  • European markets flat on day Thursday, 23 Jul 2015 | 11:30 AM ET
    European markets flat on day

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including earnings.

  • *Asset managers relieved at no one size fits all. LONDON, July 23- Managers of smaller investment funds in the European Union will be exempt from new curbs on pay in their industry, the bloc's markets watchdog said on Thursday, a move welcomed by investment managers. The European Securities and Markets Authority published proposals on how the curbs could work in...

  • BRUSSELS— The European Union on Thursday launched an antitrust case against six major U.S. movie studios and British satellite broadcaster Sky UK, in a move that could profoundly shake up the highly lucrative pay-television market in Europe. The EU's executive Commission has sent a so-called statement of objections to the companies regarding what it says...

  • ATHENS, Greece— Discussions over Greece's third bailout in five years are set to begin in Athens imminently after Greece's parliament approved Thursday tough new conditions set by European creditors. Officials in Athens and at the European Union said negotiators are expected to start arriving on Friday, marking the first time high-level talks will be held...

  • EU always dealing in 'half measures': CEO Thursday, 23 Jul 2015 | 3:25 AM ET
    EU always dealing in 'half measures': CEO

    Maurice Levy, CEO of Publicis, says the European Union is not addressing the issues at the heart of the bloc.

  • Greek parliament passes second package of required reforms Wednesday, 22 Jul 2015 | 10:05 PM ET

    Greek Premier Tsipras faced down rebels in his Syriza party, winning parliament's backing for a second reform package required to start bailout talks.

  • 'Greece will never be off the table': Macquarie Wednesday, 22 Jul 2015 | 9:13 PM ET
    'Greece will never be off the table': Macquarie

    Viktor Shvets, head of Asian Strategy at Macquarie, says Greece will never be able to repay its debts or carry out much-needed reforms.

  • ECB adds 900M euros to Greek bank liquidity Wednesday, 22 Jul 2015 | 11:30 AM ET
    ECB adds 900M euros to Greek bank liquidity

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Europe semiconductors and big miners names going to the downside.

  • The capital of euro trading prospers outside the euro zone, but London's dominance of the $5.3 trillion- a-day foreign exchange market could wane if Britain left the European Union. "If the UK left the European Union, London's dominance of foreign exchange including euro trading would gradually decline and then end as the flows moved to Asia and other European...

  • Sri Lanka: EU fish ban causes $75 million loss Wednesday, 22 Jul 2015 | 6:14 AM ET

    COLOMBO, Sri Lanka— Sri Lanka has suffered a revenue loss of $75 million because of a European Union ban on fish caught by Sri Lanka- flagged vessels since January, a government spokesman said Wednesday. Sri Lanka was a significant exporter of swordfish and tuna to countries in the EU, which blacklisted Sri Lanka in January for failing to combat illegal fishing.

  • 'Time is right' for European reforms Wednesday, 22 Jul 2015 | 3:30 AM ET
    'Time is right' for European reforms

    Eric Labaye, chairman of McKinsey Global Institute, says it's the right time for policy makers to implement structural reforms that will transform the European Union.

  • Tsipras transforms as he sells Greek bailout terms Tuesday, 21 Jul 2015 | 9:06 PM ET
    Alexis Tsipras, Greece's prime minister, right, and Euclid Tsakalotos, Greece's finance minister, center, depart following all-night bailout talks in Brussels, Belgium, on Monday, July 13, 2015.

    Greece's Tsipras is emerging as a canny, pragmatic politician with a stake in the success of the measures he came to power vowing to eradicate. The New York Times reports.

  • VATICAN CITY— New York City Mayor Bill de Blasio denounced the European Union on Tuesday for leaving Italy to deal with waves of immigration, saying the EU must come up with a Europe- wide immigration policy or stop pretending it's a union. "As a proud Italian-American, I am deeply troubled by the lack of action by the European Union and the way that Italy has been left...

  • European markets close: Goldman's view Tuesday, 21 Jul 2015 | 11:26 AM ET
    European markets close: Goldman's view

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Goldman's 3-month view.

  • The Latest: NYC mayor denounces EU over immigration Tuesday, 21 Jul 2015 | 5:19 AM ET

    New York City Mayor Bill de Blasio has denounced the European Union for leaving Italy to deal with waves of immigrants coming from North Africa, saying the EU must come up with a Europe- wide immigration policy. De Blasio, whose grandparents emigrated from Italy to New York, said he was "deeply troubled by the lack of action by the European Union and the way that Italy...

  • BRUSSELS— The European Union on Monday agreed to help Tunisia combat violent Islamic extremism and boost its economy, including by raising quotas on how much olive oil it can sell in EU markets. At the meeting, EU ministers also reviewed the situation in Libya, where many armed radicals active in Tunisia were reportedly trained in jihadi camps.

  • BRUSSELS, July 20- European Union antitrust regulators have opened an in-depth investigation into whether U.S. drinks can maker Ball Corp's 4.4 billion pound offer for Britain's Rexam Plc will lead to higher prices for companies and consumers. The deal, announced in February, would combine the world's two largest beverage can makers by volume, controlling...