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The European Union

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  • EU Fines Elevator Cartel a Record 992 Million Euros Wednesday, 21 Feb 2007 | 11:01 AM ET

    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.

  • EU Backs Target to Cut CO2 Emissions Tuesday, 20 Feb 2007 | 1:52 PM ET

    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.

  • EU Upbeat on Economy Friday, 16 Feb 2007 | 7:02 AM ET

    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.

  • EU to Put Climate Change at Heart of Energy Policy Wednesday, 10 Jan 2007 | 4:57 AM ET

    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.

  • Euro-zone Jobless Rate Falls to 7.6% in November Friday, 5 Jan 2007 | 6:31 AM ET

    Unemployment in the 12 countries that use the euro to dipped to 7.6% in November, the European Union said Friday.

  • Britain Debates Key Globalization Puzzle Thursday, 4 Jan 2007 | 3:26 AM ET

    Headlines ahead of the New Year portrayed a country of job seeking-Britons brushed aside by Bulgarians and overrun by Romanians.

  • Firm ECB Action Warranted on Price Risks - Trichet Wednesday, 20 Dec 2006 | 4:54 AM ET

    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.