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  • Greece, creditors look to revive bailout review Monday, 24 Nov 2014 | 5:39 AM ET

    Greece disagrees with its debt inspectors— the International Monetary Fund, European Commission and European Central Bank, known as the troika— on the economic outlook and whether more reforms are needed. Greece insists that, contrary to what the troika believes, it will have no financing gap next year. Hammered by a financial crisis caused by years of...

  • Belgian strike paralyzes Antwerp port Monday, 24 Nov 2014 | 3:59 AM ET

    BRUSSELS— Trade unions have opened a month of intermittent strike action by paralyzing the port of Antwerp and slowing train traffic through much of Belgium. On their first of three Mondays of regional strikes, the unions targeted Antwerp, with Europe's second biggest port, and made sure no ships could enter of leave the docks. Port worker Frank Verhulst...

  • World's most advanced hacking spyware let loose Monday, 24 Nov 2014 | 2:20 AM ET
    File photo: Participants at a hacking conference in Germany

    A cyber snooping operation billed as the world's most sophisticated computer malware is targeting Russian and Saudi Arabian telecoms companies. The FT reports.

  • Italian media say EU to approve Rome's 2015 budget Sunday, 23 Nov 2014 | 12:33 PM ET

    ROME, Nov 23- The European Commission will give the green light to Italy's 2015 budget and re-examine in March whether promised reforms have been made to boost the ailing economy, main Italian news outlets said on Sunday. Italy's biggest newspapers and broadcast outlets said on Sunday the Commission had given the "all-clear" to the document and agreed with Renzi...

  • PARIS, Nov 23- The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy. Treasury Secretary Larry Summers says Europe risks "secular stagnation"- a long-term, self-perpetuating slump similar to the one that followed the Great Depression in the 1930 s. France's economy is flatlining, Italy's has fallen back into...

  • BRUSSELS, Nov 21- Europe's proposed free trade agreement with the United States would collapse if European leaders bowed to pressure to remove investment protection from any deal, the chairman of EU trade ministers said on Friday. The United States and the European Union are trying to seal a free trade deal which could bring economic gains of around $100...

  • Airlines eye tech partners to tap customer data Friday, 21 Nov 2014 | 8:46 AM ET

    "Revenue from the ticket is barely covering costs these days," Uwe Klenovsky, Commercial Director of Thomas Cook Airlines, said at the CAPA World Aviation Summit in Antwerp. Airlines have been reluctant to publish all fares on all distribution channels, often keeping the lowest prices on their own websites, rather than eroding margins further by paying their GDS...

  • BRUSSELS, Nov 21- The dispute between Britain and Spain over Gibraltar threatens to hold up European Union plans to merge national air corridors, diplomats say. But a wrangle over the sovereignty of the isthmus that connects the British territory of Gibraltar to Spain could delay a deal even if all other issues are agreed upon, EU diplomats said.

  • Greek budget forecasts strong growth next year Friday, 21 Nov 2014 | 6:48 AM ET

    ATHENS, Greece— Greece's government on Friday submitted its 2015 budget to Parliament, sticking with high-growth and low-deficit predictions that rescue lenders say are too rosy. The budget projects Greece's primary surplus— state income without taking into account interest payments on outstanding debt— will be 3 percent of gross domestic product.

  • BRUSSELS, Nov 21- A plan giving Brussels new powers to fight unfair Chinese exports "is dead", Italy said on Friday, with the European Union ideologically split over how to deal with countries that dump cheap goods in Europe. Countries such as France say Europe must defend its industries, while free-trade advocates like Sweden see the rules as protectionism.

  • BRUSSELS/ LONDON, Nov 20- Britain suffered an embarrassing defeat in its attempt to block the European Union's new limits on bank bonuses on Thursday, withdrawing its legal challenge after an adviser to the bloc's top court made clear it was unlikely to succeed. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would...

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would push up fixed pay and goes beyond the EU's powers, a...

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home of Europe's largest financial centre, said the law will push up fixed pay and goes beyond the EU's treaty powers, a sensitive subject at a time of...

  • EU Court adviser backs cap on bank bonuses Thursday, 20 Nov 2014 | 5:00 AM ET

    BRUSSELS— A key adviser to the European Union's highest court is siding against Britain and wants the EU cap on bankers' bonuses to be maintained. Britain says the rules will lead to an increase in bankers' fixed pay, drive away talent and weaken Europe's financial industry, the heart of which is in London's City. The issue of whether the EU should make decisions...

  • *Foreigners dominate Hungary retail market. BUDAPEST, Nov 19- Multi-national supermarkets could be driven out of Hungary, a trade lobby said on Wednesday, after the government raised their inspection costs and threatened to shut them down if they fail to make a profit for two years. Hungary's economy ministry this week submitted to parliament a draft bill that...

  • MOSCOW, Nov 19- President Vladimir Putin hailed Hungary as one of Russia's most important partners on Wednesday, giving his seal of approval to a budding relationship with a Soviet-era ally that is worrying some of its European Union allies. While the Ukraine crisis is straining ties between many EU capitals and Moscow, Hungary- which relies heavily on Russia...

  • Weary Italy vents its rage in spate of strikes and protest Wednesday, 19 Nov 2014 | 12:50 PM ET

    ROME, Nov 19- Italy's social fabric is fraying. Scarcely a day goes by without Italy's main cities being disrupted by workers, students or angry citizens' groups. Centre-left Prime Minister Matteo Renzi has been wrong-footed by the souring mood and his approval ratings are falling.

  • BUDAPEST, Nov 19- Multi-national supermarkets could be driven out of Hungary, a trade lobby said on Wednesday, after the government raised their inspection costs and threatened to shut them down if they fail to make a profit for two years. The government of Prime Minister Viktor Orban has a record of adopting idiosyncratic laws untroubled by how they are viewed...

  • Brussels and Washington say the $40 billion pipeline will entrench the Kremlin's energy stranglehold on eastern Europe and they see Budapest's support as a sign Hungary is drifting into Russia's orbit. But Budapest says the collapse of the rival Western-backed Nabucco project to bring gas from Azerbaijan to Europe, and stalled plans to build...

  • Open up to our beer, EU to tell Japan in trade talks Wednesday, 19 Nov 2014 | 6:14 AM ET

    *EU, Japan seeking broad trade deal by end of 2015. BRUSSELS, Nov 19- Japan needs to open up its beer market to European exports if Tokyo and Brussels are to agree one of the world's biggest free trade deals next year, according to an EU document prepared for the next round of talks in December. Japan and the European Union are seeking to strike a deal at the end of 2015 but...