The standoff between Greece and its creditors has spawned another bit of rivalry: the battle to coin the latest buzzword for the painfully protracted drama.» Read More
RIGA, April 25- European Union finance ministers gave strong support on Saturday to the European Commission's proposal of a capital markets union, which would boost economic growth by giving companies wider access to capital across the 28- nation bloc. Unlike in the United States, where companies rely mainly on shares or bonds to raise money for development, in...
The company spent $5.5 million lobbying Congress in the first quarter, and its interests are as varied as one might expect.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Electrolux and European banks.
European finance ministers meeting in Riga were told that just a quarter of the reforms recommended by the European Commission, the EU executive, have been carried out and now that the crisis is easing, the pace of reform is slowing further. Some 24 million people are out of work in the 28- member European Union, or around 10 percent of the working population and...
BRUSSELS— The European Union has authorized the use of more genetically modified food and feed amid a row over whether EU member states should be able to independently ban certain GM products. The EU's executive commission said Friday that it has approved 10 GM foods, including strands of maize, soybean and cotton, after they "have been proved to be safe."
Paul Donovan, MD and senior global economist at UBS, outlines the "hideous" consequences of a "Grexit."
Despite rapidly running out of cash, Greece continues to alienate its "friends" in the euro zone, says Stefan Auer, associate professor in European Studies at the University of Hong Kong.
Fariborz Moshirian, director of the Institute of Global Finance and Professor of Finance at the University of New South Wales Business School, says Greece isn't providing details about labor and pension reforms.
GENEVA, April 23- Secret negotiations on international trade deals threaten human rights, an independent United Nations expert said on Thursday in comments that appeared aimed at agreements the United States is seeking with the European Union and Pacific nations. The United States, Japan and 10 other countries are racing to conclude the Trans-Pacific...
European Union leaders Thursday moved to stop deadly migration wave, but the plan faces major political and economic obstacles.
The EU is contemplating the creation of a regulatory body to oversee multiple tech platforms operating in Europe, the WSJ reports.
Is the midst of a financial meltdown, Greece seeks cash and a pipeline deal from the Russians. But any agreement will need EU approval.
A day ahead of a key meeting of euro zone finance ministers, Greek Prime Minister Alexis Tsipras is due to meet German Chancellor Angela Merkel.
*Merkel wants to keep Greece in euro zone, avoid default- EU aide. The leftist Greek premier met the conservative German leader before an emergency European Union summit on migration, a day before euro zone finance ministers meet in Riga to review progress-- or the lack of it-- in slow-moving negotiations between Athens and its international lenders.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the Purchasing Managers' Index falling to 53.5 in April from 54.0 in March.
Efforts to thwart a wave of illegal human smuggling face a series of powerful economic forces at work that will be difficult to overcome.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including consumer confidence falling.
*U.S. wants Europe to open up to GMs as part of trade deal. The proposal covering GM crops in human food and animal feed upset trading partners, notably the United States, which wants Europe to open its doors fully to U.S. Trade Representative Michael Froman expressed his disappointment, saying it appeared to divide the European Union into 28 separate markets for...
*Gazprom calls charges "unfounded", seeks political agreement. BRUSSELS, April 22- The European Union launched a legal attack on Gazprom on Wednesday, stoking tension with Moscow as it accused the Russian gas giant of overcharging buyers in Eastern Europe and hindering competition. The EU's new antitrust chief, Margrethe Vestager, who a week ago announced a...
BRUSSELS— The European Union started legislative work on Wednesday that would allow individual nations to ban the imports of genetically modified crops even if approved by the food safety authority of the 28- nation bloc. Wednesday's proposal by the EU Commission will go to the European Parliament and the member states for further discussion.