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."» Read More
There are now more flexibility when it comes to austerity rules in Europe as countries realize the importance of structural reforms, says Christian Schulz, senior economist at Berenberg Bank.
Puru Saxena, CEO of Puru Saxena Limited, expects European equities to do well over the next 1 year due to the ECB's quantitative easing, but warns of currency risks.
Keith Fitz-Gerald, chief investment strategist at Money Map Press, says a "Grexit" is still possible, which will see Europe disintegrating into "the haves and have nots", along with a bifurcation in markets.
Russia last year aborted South Stream, a $40 billion pipeline that was to have passed under the Black Sea and via Bulgaria, in the face of objections from the European Union. With Moscow in financial crisis, it is not clear if its latest plan- a route passing through Turkey, Greece, Macedonia and Serbia, then into Hungary and perhaps on to Austria- will ever come to...
BRUSSELS— European Union lawmakers have backed plans to reform the EU's vast greenhouse gas emissions trading scheme to protect it from fluctuations in the economy. The system sets limits on certain greenhouse gases that factories and power plants can emit and allows companies to trade allowances if they cannot avoid more emissions. Heavy fines are imposed...
LONDON, Feb 24- Support for Britain remaining in the European Union has hit its highest in more than four years, according to a poll published on Tuesday, which coincided with a fall in support for the Eurosceptic UK Independence Party. Pollsters YouGov said 45 percent of people surveyed said they would vote to stay in the EU, compared to 35 percent who would opt to...
Euro zone finance ministers have approved a four-month extension of Greece's bailout. David Rubenstein, Co-Founder and Co-CEO of The Carlyle Group, says negotiations will continue to happen for a long time, despite the extension.
If the International Monetary Fund (IMF) doesn't disperse money to Ukraine soon, will the country run out of money? Dmytro Shymkiv, deputy head of the presidential administration of Ukraine, doesn't think so.
What does the Greek public think about the current debt negotiations? CNBC's Julia Chatterley reports from Athens.
Ulrich Leuchtmann, head of FX Research at Commerzbank, says European markets regard the Greek crisis as solved and attention now turns to what the Fed will do with interest rates.
If Federal Reserve Chair Janet Yellen takes a dovish tone on monetary policy this week, there could be a selloff in the U.S. dollar, says Jonathan Cavenagh, senior FX strategist at Westpac.
Cash-strapped Greece missed a deadline to give its European partners a list of economic reforms in return for a four month extension on its bailout program. CNBC's Julia Chatterley reports.
Digital has become increasingly important for the economy and some countries are better at it than others. Here's the European Commission's ranking of the EU's digital societies.
Greece's left-wing Syriza party is looking for a "face-saving way" after backtracking from its election promises, says Bill Adams, senior international economist at the PNC Financial Services Group.
This is what Putin wants to accomplish in Ukraine, and it's beginning to look like that may happen, a military expert says.
BRUSSELS— The European Union opened an in-depth probe of General Electric's $14.1 billion takeover of the power division of French company Alstom on Monday fearing higher prices and less choice. In international business, the European Commission wields major power since its rejection of a multinational deal has thwarted mergers and takeovers in the past,...
Chevron announced it is relinquishing concessions in Romania, the last of its shale gas projects in Europe.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the drop in HSBC shares on growing fines, and the road ahead for Greece.
BRUSSELS— The head of the European Investment Bank says that private investors are discouraged from putting money into major European Union infrastructure projects because of red tape and lack of budgetary reform. Werner Hoyer said Monday that when he asks potential investors what is scaring them off "they come with regulation, and they come with...
Radhika Rao, economist at DBS, says the final deal between Greece and its creditors may not fulfill the hopes of Syriza's supporters. She also outlines her expectations for the reform list that Athens will hand in on Monday.