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  • MOSCOW, Sept 11- Russia's Foreign Ministry said on Thursday that the European Union had shown itself to be against the peace process in Ukraine by imposing a new set of sanctions against Moscow. "By taking this step, the European Union has de facto made its choice against a peaceful resolution of the inter-Ukrainian crisis," it said in a statement.

  • Obama: US to step up economic penalties on Russia Thursday, 11 Sep 2014 | 1:04 PM ET

    WASHINGTON— President Barack Obama says the U.S. is moving ahead with tougher economic sanctions on Russia over what the U.S. says are Russia's illegal actions in Ukraine. Obama says the sanctions will affect Russia's financial, energy and defense sectors. The U.S. penalties are paired with a new round of European Union sanctions announced Thursday in Brussels.

  • European states struggle with Draghi's challenge Thursday, 11 Sep 2014 | 1:03 PM ET

    FRANKFURT, Germany— European Central Bank head Mario Draghi made the first move in his grand plan to rescue the economic recovery. The finance officials meeting in Milan, Italy, now have a chance to show Europe's politicians are ready to help, too.

  • EU clears Hapag-Lloyd, CSAV shipping merger Thursday, 11 Sep 2014 | 1:01 PM ET

    BRUSSELS— The European Union's antitrust authority says it is giving a conditional green light for the merger between shipping group Hapag-Lloyd AG of Germany and its Chilean rival Compania Sud Americana de Vapores.

  • EU OKs BSkyB deal to create multinational network Thursday, 11 Sep 2014 | 12:23 PM ET

    BRUSSELS— The European Union's antitrust authority says it has approved the bid by Britain's BSkyB to create a multinational pay TV network by taking control of its sister companies in Italy and Germany.

  • Silent Europe aghast at possible breakup of Britain Thursday, 11 Sep 2014 | 10:47 AM ET

    PARIS, Sept 11- Britain's international partners are aghast, mostly in silence, at the possibility one of the leading Western powers could break up and turn in on itself if Scotland votes for independence from London.

  • Despite economic fears, EU sanctions Russia again Thursday, 11 Sep 2014 | 7:08 AM ET

    BRUSSELS— The European Union on Thursday slapped more sanctions on Russia for helping separatists destabilize Ukraine, limiting Russia's access to its financial market, hitting the country's vital oil industry, curbing high-tech exports and targeting more officials with travel bans and asset freezes.

  • EU agrees to introduce new sanctions on Russia Thursday, 11 Sep 2014 | 6:52 AM ET

    BRUSSELS— The European Union has decided to slap new economic sanctions on Russia over its actions in Ukraine, diplomats said Thursday.

  • MasterCard loses EU court battle over fees Thursday, 11 Sep 2014 | 4:37 AM ET

    BRUSSELS— The European Union's highest court has thrown out an appeal by MasterCard against a decision by the bloc's antitrust authority to scrap some of its fees charged to merchants. The ruling by the 28- nation bloc's Court of Justice on Thursday closes MasterCard's seven-year-old battle against a decision made by the EU's competition watchdog.

  • BAGHDAD/ DUBAI, Sept 11- Sometimes they came pretending to buy things. Months before they took control of the Iraqi city of Mosul in June, Islamic State militants were already busy collecting money to finance their campaign of setting up a 7th century-style caliphate.

  • New EU economy team to seek policy middle-ground Wednesday, 10 Sep 2014 | 1:54 PM ET

    BRUSSELS, Sept 10- The new European Commission will spread responsibility for key economic issues over three top officials with different economic views, in what critics say could mean policy deadlock but advocates see as a route to compromise.

  • *Russia's United Aircraft Corporation on the sanctions list. BRUSSELS/ BERLIN, Sept 10- European Union envoys failed on Wednesday to reach a decision on whether to implement new sanctions against Russia over military involvement in the war in Ukraine and will meet for talks on Thursday, EU diplomats said.

  • UPDATE 1-EU's Juncker offers Britain banking olive branch Wednesday, 10 Sep 2014 | 12:05 PM ET

    LONDON, Sept 10- New European Commission President Jean-Claude Juncker unexpectedly handed Britain supervision of EU financial services on Wednesday, offering an olive branch to a country that is weighing its future in the bloc.

  • *Juncker unveils new 28- strong European Commission. BRUSSELS, Sept 10- The incoming head of the European Commission, Jean-Claude Juncker, unveiled an EU executive team on Wednesday that handed key economic responsibilities to French and British commissioners but overseen by others in a new-look hierarchy.

  • EU's Juncker offers Britain banking olive branch Wednesday, 10 Sep 2014 | 8:32 AM ET

    LONDON, Sept 10- New European Commission President Jean-Claude Juncker handed Britain supervision of EU financial services on Wednesday, offering an olive branch to a country that is weighing its future in the bloc.

  • Britain and France secure EU's top economic jobs Wednesday, 10 Sep 2014 | 8:20 AM ET

    BRUSSELS— Britain and France have secured two top positions on economic and financial policy-making in the new European Commission as the 28- nation bloc's executive arm seeks to revive anemic growth and fight unemployment.

  • Russian gas supplies to Poland drop by a quarter Wednesday, 10 Sep 2014 | 8:19 AM ET

    WARSAW, Poland— Russian natural gas deliveries to Poland have dropped by almost a quarter this week, the country's gas monopoly said Wednesday, forcing it to stop supplying gas on to Ukraine. Some commentators believe it to be retaliation by Moscow against Poland for its decision to help Ukraine with gas.

  • Denmark's Vestager new powerful EU antitrust czar Wednesday, 10 Sep 2014 | 6:49 AM ET

    BRUSSELS— Former Danish Economy Minister Margrethe Vestager will be taking over as the European Union's powerful antitrust chief in November. One controversial case Vestager is likely to inherit is the four-year-old investigation on whether Google is abusing its dominant position for Internet searches.

  • UPDATE 2-France breaks 2015 deficit-cutting promise Wednesday, 10 Sep 2014 | 6:17 AM ET

    *Sapin says France will need more time to rein in public finances. PARIS, Sept 10- France announced on Wednesday it was breaking the latest in a long line of promises to European Union partners to cut its public deficit, conceding it now would take until 2017 to bring its finances in line with EU rules.

  • Merkel: Put new Russia sanctions into effect Wednesday, 10 Sep 2014 | 5:55 AM ET

    BERLIN— German Chancellor Angela Merkel called Wednesday for the European Union to put new sanctions against Russia into effect immediately because peace plans for eastern Ukraine haven't yet been implemented fully. The EU has drawn up new measures against Russia over its actions in Ukraine but stopped short Monday of enforcing them immediately.