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The European Union

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  • BRUSSELS, Oct 24- European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change. Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked...

  • TEXT-Key elements of EU climate deal Thursday, 23 Oct 2014 | 8:17 PM ET

    BRUSSELS, Oct 24- Following are key elements of the deal to curb global warming struck by European Union leaders early on Friday, as given by European Council President Herman Van Rompuy:. -A reduction of at least 40 percent of greenhouse gas emissions by 2030. This figure, which refers to the classic 1990 baseline, is binding. About half of the effort takes place...

  • EU strikes compromise to set new climate target Thursday, 23 Oct 2014 | 7:20 PM ET

    BRUSSELS, Oct 24- European Union leaders struck a deal on a new target to cut carbon emissions out to 2030, calling it a new global standard but leaving critics warning that compromises had undermined the fight against climate change. Talks in Brussels stretched into the small hours of Friday as Poland battled to spare its coal industry and other states tweaked...

  • BRUSSELS— EU leaders agree to cut greenhouse gas emissions by at least 40 percent by 2030..

  • BRUSSELS, Oct 24- European Union leaders reached a deal early on Friday to cut greenhouse gas emissions by at least 40 percent in 2030 versus 1990 levels, European Council President Herman Van Rompuy said in a Twitter message. EU leaders also agreed two other 2030 targets to increase renewable energy use to 27 percent of the total and to improve their measure of...

  • EUROPEAN UNION REACHES DEAL TO CUT GREENHOUSE GASES BY AT LEAST 40 PERCENT VERSUS 1990 LEVELS- VAN ROMPUY.

  • *Poland leads objections, but is not alone. The 28 member states want to set the pace for a global pact to be agreed in Paris next year with industrial powers from Asia, North America and the rest of the world. Conflict between Ukraine and Russia, the EU's biggest energy supplier, has also focused the EU on reducing its reliance on imported fossil fuels by increasing...

  • *Poland leads objections, but is not alone. The 28 member states want to set the pace for a global pact to be hammered out in Paris next year with industrial powers from Asia, North America and the rest of the world. Conflict between Ukraine and Russia, the EU's biggest energy supplier, has also focused the EU on reducing its reliance on imported fossil fuels by...

  • Lawmakers extend Ukraine's access to EU markets Thursday, 23 Oct 2014 | 12:53 PM ET

    STRASBOURG, France, Oct 23- EU lawmakers on Thursday took the latest step in efforts to bring Kiev closer to Europe, extending Ukrainian exporters' open access to the European Union until a trade deal takes effect at the end of next year. An EU-Ukraine trade deal signed in June is at the centre of tensions between Russia and Europe because Moscow is also seeking...

  • European markets close: Tesco's big error     Thursday, 23 Oct 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including Tesco's $420 million mistake and the performance of some European blue chips.

  • EU leaders seek more Ebola funding at summit Thursday, 23 Oct 2014 | 8:49 AM ET

    BRUSSELS— Britain pledged an additional 100 million euro to fight Ebola and Prime Minister David Cameron called on the other European Union leaders at a summit to step up their efforts to contain the deadly virus too. Britain said its total contribution now stood at 256 million euros toward fighting Ebola, more than any other EU nation. An international...

  • EU reaches deal to cut greenhouse gas emissions Thursday, 23 Oct 2014 | 7:31 AM ET

    WARSAW, Poland— European Union leaders meeting in Brussels to stamp their new, ambitious greenhouse gas emissions plan should prepare for unyielding opposition from coal-reliant Poland and some other East European countries who say their developing economies and electricity bills would suffer too much from the new target. Poland is ready to veto the plan...

  • *Poland leads objections, but is not alone. The 28 member states want to set the pace for a global pact to be hammered out in Paris next year with industrial powers from Asia, North America and the rest of the world. Conflict between Ukraine and Russia, the EU's biggest energy supplier, has also focused the EU on reducing its reliance on imported fossil fuels by...

  • How to solve the EU's energy issues     Thursday, 23 Oct 2014 | 4:40 AM ET

    Christopher Granville, managing director at Trusted Sources, discusses the reform needed in the European Union energy market to make it more competitive.

  • EU leaders seek climate deal, but are divided over costs Wednesday, 22 Oct 2014 | 7:00 PM ET

    *Poland leads objections, but is not alone. BRUSSELS, Oct 23- European leaders aim to agree a new decade of energy policy to cut climate-warming gas emissions out to 2030 at an EU summit on Thursday, though sharp differences over sharing the cost means a deal could elude them. The 28 member states want to set the pace for a global pact to be hammered out in Paris next year...

  • European Parliament approves EU Commission     Wednesday, 22 Oct 2014 | 7:00 PM ET

    The European Parliament has approved the new European Commission. CNBC's Annette Weisbach looks at the challenges ahead for the lawmakers.

  • European markets close: 11 banks fail stress test     Wednesday, 22 Oct 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including a decline for some euro zone banks.

  • STRASBOURG, France, Oct 22- The European Union will have a new executive in place next month led by Jean-Claude Juncker following its approval in a vote by the European Parliament on Wednesday. Addressing the chamber before his European Commission was approved by 423 votes to 209, the former Luxembourg premier warned that voters were losing patience with EU...

  • Ex-Luxembourg leader Juncker gets OK as EU chief Wednesday, 22 Oct 2014 | 7:55 AM ET

    BRUSSELS— The European Union legislature has approved the appointment of former Luxembourg leader Jean-Claude Juncker as the new EU Commission president molding policies of the 28- nation bloc for the next five years. Juncker takes over from Portugal's Jose Manuel Barroso, who led the Commission for the last decade. Amid other changes in the bloc, EU Council...

  • European markets close: Greece rallies     Tuesday, 21 Oct 2014 | 11:30 AM ET

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including reports the ECB may buy corporate bonds across Europe by December and a strong rebound for Greece.