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  • European states struggle with Draghi's challenge Friday, 12 Sep 2014 | 4:18 AM 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 sanctions hit Russian oil companies, lawmakers Friday, 12 Sep 2014 | 2:56 AM ET

    BRUSSELS— New European Union sanctions against Russia announced Friday toughen financial penalties on the country's banks, arms manufacturers and its biggest oil company, Rosneft, to punish Moscow for what the West sees as efforts to destabilize Ukraine.

  • Ukraine will delay implementation of EU deal Friday, 12 Sep 2014 | 1:39 AM ET

    KIEV, Ukraine— European leaders said Friday that they would allow Ukraine to delay putting a landmark trade deal into effect, a major concession to Russia which has repeatedly threatened retaliation if Kiev implements the measure.

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

  • 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.