Pierre Moscovici, the former French finance minister nominated as EU economy commissioner, told his confirmation hearing on Thursday that he would use room for maneuver in EU budget rules to foster growth.» Read More
*EU regulator requests income statements of 2 Apple groups. *If proven, Ireland could have to claw back tax from Apple. BRUSSELS/ LONDON, Sept 30- The European Union has accused Ireland of swerving international tax rules by letting Apple shelter profits worth tens of billions of dollars from revenue collectors in return for maintaining jobs.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including euro zone inflation hitting a 5-year low.
BRUSSELS— European Union ambassadors have decided to keep Ukraine- related sanctions against Russia in place for the time being.
BRUSSELS, Sept 30- The European Union has accused Ireland of giving Apple Inc. illegal state aid through tax arrangements that had "no scientific basis" but which helped the iPhone maker shelter tens of billions of dollars in international revenues from tax.
The European Commission has found that Apple's Irish tax deal was in breach of European Union law. CNBC's Catherine Boyle reports on the "interesting" timing of the announcement.
BRUSSELS, Sept 30- European Union antitrust regulators have asked Ireland to provide details of its tax arrangements with Apple in 1990 and 2007, warning that they could amount to illegal state aid which may be recovered from the U.S. company.
Huw Pill, chief European economist and co-head of the economics team at Goldman Sachs, discusses euro zone's inflation and growth expectations and comments on the ECB's strategy.
Italian Prime Minister Matteo Renzi on Monday overcame fierce opposition to get backing to make it easier to fire workers.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a down day for Greek stocks and the German DAX fell below its 50 and 200 day moving averages.
By Barbara Lewis and Adrian Croft. BRUSSELS, Sept 29- European Union regulators will provide more details on Tuesday of their reasons for launching in-depth inquiries into tax arrangements reached by Ireland with Apple and by Luxembourg with a Fiat subsidiary.
MOSCOW, Sept 29- Russia issued a new warning on Monday that it would retaliate if the European Union or Ukraine push ahead with moves to implement a free-trade agreement. Russia says its economy would be hurt by the free trade deal because it would allow Ukraine to export cheaper European goods to Russia, undercutting local products.
British business will not be harmed by a British exit from the European Union, the leader of Britain's euroskeptic U.K. Independence Party (UKIP) told CNBC.
OTTAWA, Ontario— A major trade agreement with Canada has the backing of all 28 EU countries after last minute opposition from Germany had threatened to scuttle the deal, European Union leaders said Friday.
OTTAWA, Sept 26- The European Union and Canada on Friday dismissed threats by a top German politician to block a free trade deal the two sides wrapped up in August after five years of often difficult negotiations.
Leaving the European Union will not harm U.K. businesses says Nigel Farage, leader of the U.K. Independence Party, arguing that most trade bodies are wrong on the issue.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Pimco Bill Gross' decision to leave the firm for Janus Capital.
*Raise concerns about European Commission structure. BRUSSELS, Sept 26- Anger among left-wing EU lawmakers at the choice of a Spanish conservative to run the bloc's climate change policies could disrupt the process of installing a new executive for the European Union in the next month.
LONDON/ BRUSSELS, Sept 25- A row over how strictly new rules on bankers pay are enforced in Britain and across Europe flared on Friday after the European Union banking regulator was reported to be preparing to clamp down on allowances being paid to staff.
Bob Diamond, Atlas Merchant Capital founder, shares his thoughts on Scotland's election amid Europe's financial struggles.
BERLIN— Ukraine would repay $3.1 billion in debts to Russia in exchange for guaranteed gas deliveries through the harsh winter months under a proposal unveiled Friday after talks brokered by the European Union.