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CNBC's Simon Hobbs reports on all the market moving events in Europe today, including
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CNBC's Simon Hobbs reports on all the market moving events in Europe today, including
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REYKJAVIK, May 24- Iceland must find stability by aiming for the same economic goals as those set for European Union states, even though it is sceptical about joining the EU and will keep its own currency, the new prime minister said.
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CNBC's Ross Westgate reports on all the market moving events from Europe, including
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BRUSSELS, May 23- The European Union is pledging 5 billion euros to boost research on semiconductors and other electronics items used in everything from smartphones to cars, in a bid to boost the sector which is lagging U.S. and Asian rivals.
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CNBC's Simon Hobbs reports on all the market moving events in Europe today, including
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*France pushing to exempt culture from talks with US. BRUSSELS, May 23- European Union lawmakers voted on Thursday to limit the scope of a proposed free-trade deal between Europe and the United States, backing French demands to leave out culture and potentially irritating Washington.
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The economist who coined the term "Grexit" says the possibility of Greece exiting the euro zone has receded "markedly", reversing predictions he made in July when he saw a 90 percent chance of an exit within the next 12-18 months.
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*Apple, Amazon, Google among corporations in the spotlight. BRUSSELS, May 22- Britain, France and Germany called for stricter rules to stop companies such as Google, Apple and Amazon aggressively avoiding taxes in austerity bitten Europe, while acknowledging they had done nothing unlawful.
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Cyprus faces substantial risks to its economic outlook and its recession could be deeper than forecast, the country's central bank governor said in a prepared speech on Wednesday.
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BRUSSELS, May 22- European leaders will discuss how to combat aggressive tax avoidance by major companies such as Amazon, Google and Apple at a summit on Wednesday, and cut the estimated 1 trillion euros a year the EU loses to tax evasion or avoidance.
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CNBC's Ross Westgate reports on all the market moving events from Europe, as investors look for signs from the Fed's Bernanke on whether the current stimulus program will be tapered.
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While Europe has shale plans of its own, there is as yet no unified EU policy. The reserves will be far harder to extract than in the United States and the final cost to consumers is likely to be substantially higher so Europe will not be able to free itself of dependence on gas imports from Russia any time soon.
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BRUSSELS/ PARIS, May 21- Growing concern in European capitals about aggressive tax avoidance by high-profile corporations such as Amazon, Google and Apple looks set to steal the agenda of a European Union summit in Brussels on Wednesday.
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EU regulators confirmed on Tuesday that they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash.
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*EU says FTA with China would depend on concessions from Beijing. BRUSSELS, May 21- The European Union is willing to deepen trade ties with China but wants to see concessions from Beijing first, documents seen by Reuters on Tuesday showed.
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*Follows Commission consultations with member states. BRUSSELS, May 21- The European Union wants to exempt state control of utilities and support for creative industries from free trade talks with the United States due to start next month, the latest draft of Brussels' negotiating mandate showed on Tuesday.
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WASHINGTON, May 21- WASHINGTON, May 21- The United States is not actively negotiating a solar trade deal with the European Union and China, a spokeswoman for the U.S.
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CNBC's Simon Hobbs reports the top business stories from Europe, as investors worry the U.S. Federal Reserve may taper its bond purchase program.
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May 21- The European Banking Authority on Tuesday published draft rules on how national regulators in the European Union must decide which bankers will have their bonus capped from 2014.. The EBA launched a public consultation until Aug. 21 on its rules for implementing an EU law that says bonuses must be no more than fixed salary.
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The headline figure was leaked last Friday, triggering warnings by banks in the European Union that they may lose staff to other parts of the world, and that London, the bloc's top financial centre, could be damaged. Accounting firm PwC predicted that up to 10 times the number of bankers in London will be hit compared with current pay curbs.