BRUSSELS, March 26- The European Union is set to send two navigation satellites into orbit on Friday aboard a Russian rocket, in its first launch since a botched deployment in August that cost several million euros to fix. Global Positioning System is obliged to use the Russian Soyuz system until a development of Arianespace's European Ariane 5 rocket is ready...» Read More
The European Commission fined lift manufacturers a record 992 million euros ($1.3 billion) on Wednesday for fixing prices and carving up markets in the biggest cartel penalty in European Union history.
European Union environment ministers said Tuesday they would cut overall carbon dioxide emissions 20% from 1990 levels by the year 2020, adding that they were ready to go to 30% if other industrialized nations matched their efforts.
The euro area's economy is set to grow at a brisk pace this year, expanding by 2.4% after "a remarkable year" in 2006, the European Commission predicted as it raised its growth figures for both the EU and the euro area last year.
European Commission staff have again asked the EU's antitrust chief for permission to prepare charges against Intel, part of a long process that faces further hurdles, a source familiar with the case said.
The European Union said Monday it expects to complete a free trade agreement with Gulf nations "in the near future" after making progress at talks last week.
The European Union will put climate change at the heart of a broad new energy policy on Wednesday as it moves to boost renewable fuels, cut consumption and curb its dependence on foreign suppliers of oil and gas.
Unemployment in the 12 countries that use the euro to dipped to 7.6% in November, the European Union said Friday.
Headlines ahead of the New Year portrayed a country of job seeking-Britons brushed aside by Bulgarians and overrun by Romanians.
Firm and timely action by the European Central Bank is necessary to head off risks to price stability, ECB President Jean-Claude Trichet said on Wednesday.
Some of the new members of the European Union angling to adopt the euro will likely have to wait until the end of the decade, the European Central Bank said Tuesday.