LONDON, May 6- U.S. and European Union regulators clashed on Wednesday over how to provide solid financial backing for the world's $630 trillion derivatives market and also avoid duplication of rules that would be costly for banks and other players. But the difficulty in getting agreement between the EU and the United States has held up the process.» Read More
Air France-KLM said it will make an offer for loss-making Italian carrier Alitalia, a long-awaited move which is expected to face a serious challenge only from tiny Italian airline Air One.
This is a timeline of the European Central Bank's rate decisions for 2007.
European Central Bank Governing Council member Christian Noyer said on Tuesday market turmoil had created economic uncertainties but struck an optimistic note on the financial system's ability to weather the turbulence.
Unemployment in the 13 nations that use the euro fell to a new record low of 7.2 percent in October, the EU statistics agency Eurostat said Monday, as Europe's recent growth spurt cut jobseeker queues that are the longest in the industrialized world.
European Union regulators fined four companies a total of 487 million euros ($724 million) on Wednesday for fixing the price of flat glass used in the making of windows, fire-resistant glass and mirrors.
Consumer confidence in Germany fell for the fourth consecutive month despite the end-of-the-year holiday season, driven by fears surrounding the strong euro and high prices, according to a survey released Wednesday.
European Union antitrust regulators suspended their in-depth investigation into IBM's bid to buy Swedish software provider Telelogic, the European Commission said Tuesday.
German business sentiment unexpectedly improved in November for the first time since April as firms took a more upbeat view about their current situation and shrugged off concerns about the strong euro.
Five United Airlines workers sought medical attention for nausea and vomiting after the company provided a Thanksgiving meal to employees.
French President Nicolas Sarkozy urged transport workers on Tuesday to end a seven-day national strike over pension reform and give negotiations a chance.
Aer Lingus Group filed a lawsuit Monday in the European Union's second-highest court in hopes of forcing its main rival, budget airline Ryanair, to sell its shares in Aer Lingus.
The euro zone's unadjusted trade surplus rose in September despite the single currency's steady climb as annual export growth still outpaced imports despite a sharp slowdown from August, data showed on Friday.
France faces travel chaos on Wednesday as transport unions broaden a nationwide strike against pension changes that President Nicolas Sarkozy has pledged as part of an ambitious plan to reform the economy.
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The European Union's consumer chief dispelled industry fears on Saturday that she intends to introduce U.S.-style class action lawsuits across the bloc next year as part of her strategy to strengthen consumer rights.
Euro zone economic growth will be slightly better than expected this year thanks to a robust third quarter, but financial market turbulence will slow it next year and in 2009, the European Commission said on Friday.
Japanese and European antitrust authorities raided companies making cathode ray tubes on Thursday on suspicion of price-fixing.
The subprime fall-out continues to claim more victims. Merrill's came as a blow - and in what is now becoming predictable for financial companies trying to get ahead of the news agenda - UBS rushed out 24hrs early the bad news on exposure and trading outlook.
Britain only has itself to blame for how problems at Northern Rock turned into the first run on a UK bank in 140 years, the European Union's top financial regulator, Charlie McCreevy, is expected to say later Friday.
Turkey has a volatile economy whose growth rate has exceeded 6 percent in many years (and reached 9 percent in 2004), but suffered sharp reversals in 1994, 1999, and 2001.