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  • BRUSSELS— All new vehicles in the European Union will have to be fitted as of 2018 with a system that automatically calls the emergency services in case of an accident. EU lawmakers on Tuesday decided to make the eCall system mandatory for all new cars and light-duty vehicles sold in the 28- nation bloc. Sensors in the car automatically transmit its location, the...

  • BRUSSELS— The European Parliament has approved rules to clamp down on the use of flimsy plastic bags that are hazardous for the environment, removing the last major hurdle to pass the legislation. In future, consumers will have to use sturdier, re-usable bags or pay extra if they want to use the polluting versions that are often handed out at supermarket counters...

  • FOREX-Dollar slumps to 3-week low as traders await Fed Tuesday, 28 Apr 2015 | 7:45 AM ET

    LONDON, April 28- The dollar hit a three-week low on Tuesday as investors eyed a U.S. U.S. housing index data and consumer confidence numbers, due at 1300 GMT and 1400 GMT respectively, should provide the greenback with some near-term direction, analysts said, though the main focus will be on the Fed's statement at the end of its policy meeting on Wednesday.

  • BRUSSELS— The European Union says that talks with creditors to keep Greece from going bankrupt "are being made more productive and efficient" as the country faces a growing cash crunch. EU Commission spokeswoman Annika Breidthardt said Tuesday that the pace of talks "have intensified" since a weekend meeting of eurozone finance minister, where Greek minister...

  • *Greece needs lending to avert default. Athens is weeks away from running out of cash, and talks with EU and IMF lenders on more aid have been deadlocked over their demands for Greece to implement reform measures, including pension cuts and labour market liberalisation. Yet around half of investors expect Greece to leave the euro zone within the next 12 months, a...

  • LONDON, April 28- The euro hovered near a three-week peak on Tuesday, boosted by renewed hopes that cash-strapped Greece could secure extra funding and as the dollar remained weak ahead of a U.S. The euro rose late on Monday on news that Greek Prime Minister Alexis Tsipras had reshuffled his team handling talks with European and IMF lenders.

  • ATHENS, April 28- Greek Prime Minister Alexis Tsipras said on Tuesday he was confident of an early deal with international creditors, after shaking up his negotiating team and sidelining his outspoken finance minister who has infuriated euro zone partners. Athens is weeks away from running out of cash, and talks with EU and IMF lenders on more aid have been...

  • SYDNEY/ TOKYO, April 28- The euro hovered near a three-week peak on Tuesday, having pushed higher overnight as the dollar came under broad pressure and on renewed hopes that cash-strapped Greece was a step closer to securing fresh funding. Greek Prime Minister Alexis Tsipras on Monday reshuffled his team handling talks with European and IMF lenders, a move...

  • FOREX-Euro perks up on Greek hopes, dollar dips Monday, 27 Apr 2015 | 7:35 PM ET

    SYDNEY, April 28- The euro hovered just under a three-week peak early on Tuesday, having pushed higher overnight as the dollar came under broad pressure and on renewed hopes that cash-strapped Greece was a step closer to securing fresh funding. Greek Prime Minister Alexis Tsipras on Monday reshuffled his team handling talks with European and IMF lenders, a move...

  • The game of chicken between Greece and its international creditors is turning into a vicious blame game as Athens lurches closer to bankruptcy with no cash-for-reform agreement in sight. Europe's political leaders and central bankers and Greek politicians agree on only one thing: if Greece goes down, they don't want their fingerprints on the murder weapon.

  • RIGA, April 25- European Union finance ministers gave strong support on Saturday to the European Commission's proposal of a capital markets union, which would boost economic growth by giving companies wider access to capital across the 28- nation bloc. Unlike in the United States, where companies rely mainly on shares or bonds to raise money for development, in...

  • Kotzias said Greece and its euro zone partners need to compromise on creating political policies that will foster growth and allow the country to pay its debts. Asked if he is simply asking the rest of Europe to trust Greece, he said: "No. "Do they want to support us to have growth... or do they decide to have Greece struggle, to punish Greece and to create an example of what...

  • *Euro gains dwindle as Greece gets aid warning. NEW YORK, April 24- Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon. The euro backed away from a two-week high against the dollar after euro zone...

  • *EU summit agreed to triple search and rescue mission off Libya. *Land routes into Europe also deadly; train kills 14 migrants. BRUSSELS/ SKOPJE, April 24- British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last weekend on a boat heading for Italy.

  • *Euro trims gains as Greece gets aid warning. NEW YORK, April 24- Data showing a seventh straight monthly decline in U.S. business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon. The euro backed away from a two-week high against the dollar, however, after euro...

  • EU approves more GM food as row simmers Friday, 24 Apr 2015 | 8:56 AM ET

    BRUSSELS— The European Union has authorized the use of more genetically modified food and feed amid a row over whether EU member states should be able to independently ban certain GM products. The EU's executive commission said Friday that it has approved 10 GM foods, including strands of maize, soybean and cotton, after they "have been proved to be safe."

  • *Eurogroup urges Greece to speed up reform deal for cash. RIGA, April 24- Euro zone finance ministers delivered a stark warning to Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to bankruptcy. He also said a remaining 7.2 billion euros in frozen bailout funds would no longer...

  • *Euro retreats as little breakthrough made on Greece. LONDON, April 24- The euro retreated from a two-week high against the dollar on Friday as lingering hopes that cash-strapped Greece was making progress toward securing fresh funding were dashed. Jeroen Dijsselbloem, the chairman of the euro zone finance ministers, said Greece still needs to deliver a list of...

  • *Varoufakis says Athens willing to consider tax commission. RIGA, April 24- Greece offered some concessions on Friday on reforms demanded by international lenders in return for new funding before Athens runs out of money, but euro zone creditors said negotiations needed to speed up to get a deal by June. Merkel, in a comment seen as underlining the determination...

  • *Merkel wants to keep Greece in euro zone, avoid default- EU aide. BRUSSELS, April 23- German Chancellor Angela Merkel said on Thursday everything must be done to prevent Greece running out of money before it reaches a cash-for-reform deal with its international creditors amid heightened concern that Athens is nearing the brink. Their talks came a day before euro...