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The European Union

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  • Dec 19- European regulators recommended the approval of Orexigen Therapeutics Inc's diet pill, which could become the first prescription medicine for obesity to be approved in the European Union in nearly a decade. The drug, sold as Contrave by partner Takeda Pharmaceutical Co in the United States, will be marketed as Mysimba in Europe. The third obesity...

  • UK PM: Must keep pressure on Russia  Friday, 19 Dec 2014 | 4:10 AM ET

    At the European Union summit, sanctions on Russia is all the talk. U.K. prime minister David Cameron says the pressure must be kept on Russia while President of the European Council, Donald Tusk, stated that EU needs a consistent strategy towards Russia. CNBC's Hadley Gamble reports.

  • Behind the scenes of the 'tedious' EU summit  Friday, 19 Dec 2014 | 2:10 AM ET

    CNBC's Hadley Gamble takes a look at what it's like to cover a European Union leaders summit, and why the canteen's yellow cake is infamous.

  • EU leaders ready long confrontation with Russia Thursday, 18 Dec 2014 | 8:54 PM ET

    *EU leaders lay ground for long-term common front toward Moscow. BRUSSELS, Dec 19- European Union leaders warned Moscow they were ready exercise their combined muscle over the long haul in a confrontation with an economically wounded Russia if President Vladimir Putin refused to pull back from Ukraine. "It is obvious we will not find a long-term perspective for...

  • BRUSSELS, Dec 18- EU leaders defended plans for the world's biggest trade deal with the United States, seeking on Thursday to counter hostility in Europe and clear the way for the accord to be agreed by the end of 2015.. The European Union and the United States have committed to an accord that would create a transatlantic market of 800 million people and encompass...

  • BRUSSELS, Dec 18- The president of the European Central Bank urged the region's leaders on Thursday to speed along a new EU investment plan and renewed his calls for economic reform. At a meeting of European Union leaders including Germany's Angela Merkel and France's Francois Hollande, Mario Draghi warned of the fragile state of the euro zone's economy where...

  • *US, Cuba have agreed to restore diplomatic ties. GENEVA, Dec 18- The European Union, which once launched a lawsuit to try to break the U.S. economic embargo on Cuba, said on Thursday it still wanted the blockade lifted but it was prepared to wait. Obama has wide executive powers to further open up to Cuba, and the White House wants to see the trade embargo lifted by the time...

  • EU grain to enjoy spoils of Russian export curbs Thursday, 18 Dec 2014 | 12:05 PM ET

    *Australia, Argentina, Canada, Ukraine could also benefit. PARIS, Dec 18- European Union grain exporters will be the main beneficiaries of Russia's pullback from international grain markets as Moscow races to cool domestic prices in the face of economic crisis, analysts and traders said. "At current prices, it's clearly European wheat that will benefit," Andree...

  • UK banks rally  Thursday, 18 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a rally for energy stocks and euro zone banks.

  • EU leaders agree to fund for jumpstarting growth Thursday, 18 Dec 2014 | 9:21 AM ET

    BRUSSELS— European Union leaders agreed Thursday to create a strategic investment fund that could generate up to 315 billion euros in private- and public-sector money to upgrade infrastructure, jumpstart the EU's sluggish economies and ignite job growth. The plan approved by leaders of the 28- nation EU at their one-day summit meeting in Brussels calls for...

  • *Aim to keep pressure on Russia over Ukraine. BRUSSELS, Dec 18- The European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports. EU leaders, who meet in Brussels later on Thursday, will pledge to keep up pressure on Russia over its role in...

  • UK businesses less negative about EU  Thursday, 18 Dec 2014 | 7:13 AM ET

    As U.K. political parties fight on the country's membership into the EU, a new survey reveals businesses are turning increasingly positive about the Union.

  • EU bans investment in Crimean, targets tourism Thursday, 18 Dec 2014 | 7:10 AM ET

    BRUSSELS— The European Union has imposed a ban on investment in Crimea, and other economic sanctions including measures aimed at keeping tourists away. The new measures on investment, services and trade, announced Thursday, beef up the EU's previous sanctions taken in response to Russia's annexation of the peninsula from Ukraine in March.

  • EU summit: Russian sanctions tops agenda  Thursday, 18 Dec 2014 | 1:10 AM ET

    Tightening sanctions on Russia will be on the top of the agenda for an EU leaders meeting on Thursday, CNBC's Hadley Gamble reports.

  • EU leaders to endorse investment plan in search for growth Wednesday, 17 Dec 2014 | 12:45 PM ET

    BRUSSELS, Dec 17- European Union leaders will agree on Thursday to set up a highly leveraged investment fund they hope can kick-start the bloc's economy and reduce high unemployment and public debt. The plan, presented by the executive European Commission last month and set to be endorsed by the 28 national leaders at a Brussels summit, is to use 21 billion euros...

  • European energy stocks rebound  Wednesday, 17 Dec 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a bounce for energy stocks and decline for European airlines.

  • UPDATE 2-Regulators extend tax probe to all 28 EU nations Wednesday, 17 Dec 2014 | 10:52 AM ET

    BRUSSELS, Dec 17- European Union competition regulators have asked all 28 member countries for details of tax deals made with companies between 2010 to 2013, broadening their investigation into corporate tax avoidance. The move by the European Commission follows ongoing inquiries into Luxembourg's tax rulings for carmaker Fiat Chrysler and online giant...

  • BRUSSELS, Dec 17- The International Monetary Fund estimates Ukraine needs another $15 billion in financing to withstand an economic crisis but the European Union has only limited capacity to help, European Commission President Jean-Claude Juncker said on Wednesday. Ukraine will need $15 billion in addition to what is already planned, "he told the European...

  • BRUSSELS, Dec 17- The International Monetary Fund estimates Ukraine needs another $15 billion in financing to withstand an economic crisis but the European Union has only limited capacity to help, European Commission President Jean-Claude Juncker said on Wednesday. "Ukraine will need more help. Ukraine will need $15 billion in addition to what is already...

  • EU shines light on dirty money with central registers Wednesday, 17 Dec 2014 | 5:47 AM ET

    LONDON, Dec 17- The European Union has agreed rules to stamp out tax evasion and stop dirty money from criminal gangs or terrorism finance being channelled through anonymous companies. "Creating registers of beneficial ownership will help to lift the veil of secrecy of offshore accounts and greatly aid the fight against money laundering and blatant tax...