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Olli Rehn, the European Union's top economic policy maker and scourge of debt-fueled budget deficits, is fed up with austerity.
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ZURICH, May 24- Switzerland's top tax diplomat will step down at the end of August, the finance ministry said on Friday, as talks with foreign governments eager to crack down on funds hidden in Swiss bank accounts enter a critical phase.
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BRUSSELS/ HONG KONG, May 24- The European Commission rejected Chinese trade association statements that talks to resolve a dispute over allegations of dumping of solar panels had broken down, while Chinese comments highlighted risks the dispute could escalate.
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CHICAGO, May 23- U.S. scientists say a dramatic result last year suggesting that a cancer drug already approved by U.S. regulators could quickly clear out Alzheimer's plaques in mice was too good to be true.
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BRUSSELS, May 23- The European Commission rejected Chinese trade association statements that talks to resolve a dispute over allegations of dumping of solar panels had broken down, while Chinese comments highlighted risks the dispute could escalate.
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That image problem needs addressing in part because Germany needs to attract foreign workers to make good shortages at home, while the bilateral nature of the initiatives is a measure of its leaders' frustration at the slow pace of the European Commission in taking action to deal with soaring joblessness among the young.
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BRUSSELS, May 23- The European Union is pledging 5 billion euros to boost research on semiconductors and other electronics items used in everything from smartphones to cars, in a bid to boost the sector which is lagging U.S. and Asian rivals.
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BRUSSELS, May 23- The European Commission has torn up new rules on how restaurants should serve olive oil less than a week after unveiling them, following widespread ridicule and accusations of unwanted interference.
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BRUSSELS, May 23- The European Commission will seek the support of EU governments to launch talks with China on an investment pact that could be a precursor to a free-trade deal if Brussels and Beijing can overcome growing tensions.
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*France pushing to exempt culture from talks with US. BRUSSELS, May 23- European Union lawmakers voted on Thursday to limit the scope of a proposed free-trade deal between Europe and the United States, backing French demands to leave out culture and potentially irritating Washington.
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*Agreement would protect EU investors in China. BRUSSELS, May 23- The European Commission will seek the support of EU governments to launch talks with China on an investment pact that could be a precursor to a free-trade deal if Brussels and Beijing can overcome growing tensions.
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*Move follows accusations of interference by Brussels. BRUSSELS, May 23- The European Commission has decided to tear up new rules on how restaurants should serve olive oil less than a week after unveiling them, following widespread ridicule and accusations of unwanted interference.
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EPS 238.7 U.S. cents vs 239 Thomson Reuters forecast. *Main growth in Latin America, Africa. BRUSSELS, May 23- SABMiller, the world's second-biggest brewer, forecast margin expansion in the year ahead after profit grew in line with expectations thanks to a surge in earnings in Latin America and Africa.
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BRUSSELS, May 23- Lufthansa, United Airlines, Continental and Air Canada won approval from EU antitrust regulators on Thursday for their transatlantic tie-up after agreeing to give up airport slots in Frankfurt and New York.
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BRUSSELS, May 23- Large companies should disclose how much tax they pay in each country where they operate, the European Commission's top regulatory official said, in the text of a speech to be delivered on Thursday.
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BRUSSELS, May 23- Large companies should disclose how much tax they pay in each country where they operate, the European Commission's top regulatory official said, in the text of a speech to be delivered on Thursday.
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*Austria to end bank secrecy for foreigners this year. BRUSSELS, May 22- Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign depositors but Vienna's support could fade should efforts to strike a similar deal with Switzerland fail.
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ROME, May 22- Italy's new government, already sinking in opinion polls and riven by internal disputes, on Wednesday began preparing a plan to address one of the main causes of public anger- soaring unemployment among young people.
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*Apple, Amazon, Google among corporations in the spotlight. BRUSSELS, May 22- Britain, France and Germany called for stricter rules to stop companies such as Google, Apple and Amazon aggressively avoiding taxes in austerity bitten Europe, while acknowledging they had done nothing unlawful.
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WUXI, China/ HONG KONG, May 22- Local creditors of Wuxi Suntech, the bankrupt unit of Chinese solar panel maker Suntech Power Holdings Co Ltd, on Wednesday claimed the subsidiary owed them a combined $2.5 billion, at the start of a debt restructuring process expected to last months.
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*Austria to end bank secrecy for foreigners this year. BRUSSELS, May 22- Europe moved closer to ending banking secrecy on Wednesday after Austria dropped objections to sharing data on foreign depositors and the EU focused on negotiating a similar agreement with Switzerland.