The European Union


  • Eurozone June Services Growth Best Since World Cup Thursday, 21 Jun 2007 | 7:04 AM ET

    Eurozone services growth unexpectedly powered ahead in June at its fastest clip since last year's World Cup soccer tournament while manufacturing expansion also gathered pace, suggesting interest rates have further to climb.

  • Mail delivery across the European Union should be liberalized by 2011, a panel of EU lawmakers recommended, backing countries such as France and Luxembourg seeking a postponement of the 2009 deadline proposed by the EU's executive arm.

  • The direction of bond yields will be the key factor for European stock markets next week, according to Bruno Verstraete, CEO of Nautilus Invest.

  • EU Suggests Tightening Budget Rules Wednesday, 13 Jun 2007 | 7:47 AM ET

    The EU executive suggested stepping up budget rules Wednesday, saying it wanted national parliaments to be more involved in watching public spending as part of a wider effort to keep EU economies' debt and deficits within agreed limits.

  • The European Union on Wednesday opened an investigation into whether French companies get an unfair edge on the EU market from state-financed, low electricity tariffs.

  • Novartis Gets EU OK for New Flu Vaccine Wednesday, 13 Jun 2007 | 4:25 AM ET

    Swiss drugmaker Novartis said Wednesday it has received European Union approval for flu vaccine Optaflu.

  • EU Court Upholds Budweiser Trademarks Tuesday, 12 Jun 2007 | 5:14 AM ET

    A European Union high court on Tuesday upheld several Anheuser-Busch trademarks relating to its Budweiser beer, dismissing a challenge from its Czech brewing rival Budejovicky Budvar.

  • G8: New Friends, Old Rivals Thursday, 7 Jun 2007 | 4:38 PM ET
    Merkel, Putin, Bush

    This meeting of the world's richest nations may be the most challenging one for the U.S. in years, given the growing power of Russia and China.

  • The Rating Game: U.S. vs. Europe Thursday, 7 Jun 2007 | 4:22 PM ET

    With rising interest rates in Europe and no sign of a near-term change in interest rates in the U.S., is the current U.S. economic picture a sign of what’s to come for Europe? As CNBC’s Steve Liesman explained, since 1999, monetary policy at the European Central Bank and at the U.S. Federal Reserve has essentially moved in tandem. But a year after the Federal Reserve stopped raising rates, the ECB rate hikes continue. ...

  • The European Central Bank has revised upward its 2007 forecasts for euro zone growth and inflation, according to Financial Times Deutschland, citing sources.

  • Officials advising the European Union on privacy policy have sent a letter to Google asking it to explain why it keeps information on internet searches for up to two years, the Financial Times reported without citing sources.

  • European Union Approves Cutting Cell Phone Roaming Fees Wednesday, 23 May 2007 | 9:46 AM ET

    Cell phone users in the European Union could enjoy cheaper rates for calls made and received abroad as early as August, after EU lawmakers endorsed a deal Wednesday to cap mobile phone roaming fees in the 27-nation bloc.

  • EU Approves Vivendi Universal's Buy of BMG Unit Tuesday, 22 May 2007 | 9:23 AM ET

    Vivendi's Universal Music won conditional approval from the European Commission on Tuesday to buy BMG Music Publishing for 1.63 billion euros ($2.19 billion), making it the world's largest music publisher.

  • Euro Zone Annual Inflation Stable at 1.9% Wednesday, 16 May 2007 | 7:58 AM ET

    Euro zone inflation in April came in higher than initially estimated but still within the European Central Bank's target, data showed, pointing to subdued price-growth pressures despite robust economic expansion.

  • EU negotiators agreed Tuesday to cap mobile phone roaming charges in an effort to cut costs for travelers using their phones abroad _ although it remained to be seen whether customers would benefit from the new tariffs this European summer holiday season.

  • EU Banks in Secret Debit Card Talks: Document Friday, 11 May 2007 | 6:59 AM ET

    A group of European banks are in secret talks to set up a pan-European debit card to challenge MasterCard  and Visa Europe in cross-border business, a document obtained by Reuters said on Friday.

  • The European Central Bank kept its core interest rate on hold at 3.75% Thursday as widely expected by economists, but the Bank’s President Jean-Claude Trichet hinted at a rate rise in June.

  • EU finance ministers meet Tuesday for talks that where they are expected to agree to keep an eye on hedge funds but set no new rules at this stage for the high-risk, high-return investments.

  • Unemployment in the euro zone hit a new record low in March, a move economists said would likely boost future private consumption and put upward pressure on wages, triggering more European Central Bank rate rises.

  • Microsoft Meets Deadline on Response to EU Charges Tuesday, 24 Apr 2007 | 3:25 AM ET

    Microsoft has responded to European Union allegations that it is overcharging rivals for information that would make their products work better with Windows. The software maker also repeated its request for more guidance on what regulators consider to be an acceptable price.