The European Union


  • EU officials announce bust of major tax fraud ring Tuesday, 3 Mar 2015 | 12:33 PM ET

    THE HAGUE, Netherlands— European Union officials say they have broken up a cross-border gang responsible for cheating EU member countries of 150 million euros in tax revenue. Those arrested are suspected of participating in organized fraud that deprived Germany, the Netherlands, Poland and the Czech Republic of major sums of value-added tax payments.

  • NEW YORK— Pfizer's blockbuster vaccine against pneumonia and other bacterial infections has won another approval, for use in European Union residents aged 18 and older. New York- based Pfizer says more than 750 million doses have been distributed worldwide. Last year, Prevnar's global sales reached $4.5 billion, making it the No. 2 product for the company, which...

  • Dubai's Emirates says adds $7.6 bln to EU GDP Tuesday, 3 Mar 2015 | 10:34 AM ET

    DUBAI, March 3- Dubai's flagship airline Emirates contributes 6.8 billion euros to the European Union economy, it said on Tuesday, in an apparent response to criticism from rivals that government subsidies give Gulf carriers an unfair advantage. Emirates first flew to Europe in 1987 and since then has grown to 350 passenger flights a week from Europe, its...

  • Europe closes: ECB meeting Thursday  Monday, 2 Mar 2015 | 11:29 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including shares of oil companies moving lower, and the concern for Greece.

  • BRUSSELS— The European Union is giving member states the power to ban the cultivation of genetically-modified crops even if they have been approved by the bloc's food safety authority. Mute Schimpf of Friends of the Earth Europe says the new law "is a massive opportunity for national governments to shut the door on biotech crops in Europe."

  • BRUSSELS— The European Union has approved new rules that clamps down on the use of flimsy plastic bags that are hazardous for the environment. The 28 member nations on Monday gave final approval to the rules that mean consumers may be obliged to use sturdier, re-usable bags or face extra charges. Member states are required to reduce the use of such plastic bags by...

  • Independent Catalonia would be richer: President  Monday, 2 Mar 2015 | 5:20 AM ET

    Artur Mas, president of Catalonia, talks about what an independent Catalonia would look like, in terms of society and economy.

  • WPP: Not worried about doing business in China  Sunday, 1 Mar 2015 | 6:38 PM ET

    Martin Sorrell, CEO of WPP, explains why he is not worried about the terms of doing business in the China following news that Beijing is reviewing drafts of its first counterterrorism law.

  • What's on the agenda in Asia this week  Sunday, 1 Mar 2015 | 5:07 PM ET

    CNBC's Pauline Chiou highlights events and economic data that will move Asia's financial markets this week.

  • EU and Cuba to restart talks after cultural dispute Friday, 27 Feb 2015 | 1:26 PM ET

    BRUSSELS, Feb 27- Cuba and the European Union will hold a third round of talks in Havana next week aimed at increasing trade, investment and political dialogue after overcoming a dispute that delayed the negotiations, an EU official said on Friday. EU officials suspect that Havana may not have felt ready for a third round last year because they were due to discuss...

  • Europe close: Bundestag backs Greek extension  Friday, 27 Feb 2015 | 11:27 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a vote in favor of the 4-month extension on the Greek debt by the German Bundestag.

  • BRUSSELS— The European Union, Japan and other nations hunting for the eastern Atlantic Bluefin tuna are fearful that Turkey's unilateral decision to exceed catch limits agreed last year is threatening the stock recovery and the organization regulating its conservation. Documents seen by The Associated Press and EU comments on Friday show that during an...

  • Eyeing European spreads  Friday, 27 Feb 2015 | 4:20 AM ET

    Scott Maher, US CIO and manager of PIMCO's Total Return Fund, explains why he's looking for opportunities in Europe.

  • Germany to back Greek extension despite misgivings Thursday, 26 Feb 2015 | 9:02 PM ET

    German lawmakers signaled that they will approve an extension of Greece's bailout although reluctantly amid fears Athens will not keep reform promise.

  • Altice seeks EU okay with concessions for Portuguese deal Thursday, 26 Feb 2015 | 12:07 PM ET

    BRUSSELS, Feb 26- Telecoms group Altice has offered concessions in an effort to gain European Union antitrust approval for its 7.4 billion euro bid for the Portuguese assets of Brazil's Grupo Oi, the European Commission said. Altice's founder, Franco-Israeli telecoms entrepreneur Patrick Drahi, has expanded his portfolio of cable and mobile telecoms...

  • European markets close: Record low German unemployment  Thursday, 26 Feb 2015 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a record low number for German unemployment and heavy restructuring at RBS.

  • Minimum wages in EU highlight huge economic differences Thursday, 26 Feb 2015 | 8:44 AM ET

    BRUSSELS— Minimum wages across the European Union highlight the vast economic differences across the member states with a ten-fold difference between Bulgaria and Luxembourg. The EU's statistical agency Eurostat said Thursday that while the minimum monthly wage in January stood at 184 euros in Bulgaria, it was 1,923 euros in Luxembourg.

  • BRUSSELS, Feb 26- The European Union said on Thursday it was escalating a dispute with Russia at the World Trade Organization over what it said were excessive import duties on paper products, refrigerators and palm oil. The challenge is the latest in a series of WTO disputes with Russia, the EU's third-biggest trading partner, since Moscow joined the body in 2012,...

  • These factors will lift European stocks  Thursday, 26 Feb 2015 | 12:41 AM ET

    Jeremy Stretch, head of FX Strategy at CIBC, says an improving growth picture and the launch of quantitative easing paint an optimistic scenario for European stock markets.

  • Ukraine crisis won't hurt Asia: Expert  Wednesday, 25 Feb 2015 | 9:33 PM ET

    Andrew Freris, CEO of Ecognosis Advisory, says the ongoing crisis in Ukraine remains a political one hence it won't impact Asia.