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  • EU parliament approves new GM crops planting rules Tuesday, 13 Jan 2015 | 7:56 AM ET

    BRUSSELS— The European Union's legislature has approved by a big margin a new law giving EU member states the power to ban the cultivation of genetically modified crops even if they have been approved by the food safety authority of the 28- nation bloc. The European Parliament in Strasbourg on Tuesday backed the measure by a margin of 480 for and 159 against with...

  • Jan 11- General Motors is giving its German Opel unit a new job- build Buick models to sell in the United States as part of a strategy to make good on Chief Executive Officer Mary Barra's promise to make money in Europe by 2016.. With the European economy sliding again, and the Russian market- GM Europe's third biggest behind Britain and Germany- in a deep freeze, Opel's...

  • WASHINGTON, Jan 8- Facing tight budgets and a shrinking military, the United States said on Thursday it was ending operations at an air base in Britain and handing it and 14 other sites in Europe back to their home governments. In the biggest one, the Pentagon said it would leave RAF Mildenhall northeast of London, home to tanker, reconnaissance and special...

  • *Ukraine facing $15 billion funding gap, economists say. RIGA/ BERLIN, Jan 8- The European Union proposed on Thursday offering an additional 1.8 billion euros to help save Ukraine from bankruptcy as Kiev assured Germany it had credible plans to modernise. "Europe stands united behind Ukraine," Commission President Jean-Claude Juncker told a news conference in...

  • *Berlin believes Greek exit would set dangerous precedent. BERLIN/ LONDON, Jan 7- Germany's Angela Merkel played down the chances of a Greek exit from the euro zone on Wednesday, but made clear she expected Athens to stick to the terms of its international bailouts after this month's election. The chancellor addressed the issue for the first time since a German...

  • BRUSSELS, Jan 7- The European Union made public on Wednesday confidential papers being used to negotiate a free trade deal with the United States, an unprecedented step to deflect criticism from anti-globalisation campaigners that Brussels is drawing up the world's largest trade deal in secret. But their release marks the most significant step by the...

  • *Bild says Berlin fears Greek banking collapse. BERLIN, Jan 7- Germany is not planning for a Greek exit from the euro zone and has not changed its policy towards Athens, Chancellor Angela Merkel's spokesman said on Wednesday, after the Bild newspaper said Berlin was working on contingency plans for such a move. Der Spiegel magazine reported on Saturday that Berlin...

  • *ECB seen announcing government bond buying on Jan 22. BRUSSELS, Jan 7- Euro zone inflation turned negative in December for the first time since 2009, with cheap oil driving a bigger than expected decline that may prompt the European Central Bank to start printing money. "It's probably the figure they needed," said Peter Vanden Houte, chief economist at ING.

  • China challenges India's polished diamond throne Thursday, 25 Dec 2014 | 7:18 PM ET

    *India seeks help from Russia to defend market share. NEW DELHI, Dec 26- India's long-held position as the world's top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share. India has traditionally relied on the middlemen in...

  • LONDON, Dec 24- Brent oil fell on Wednesday, trading around $60 per barrel weighed down by strong supply in the United States and a rising dollar. Brent for February delivery was down $1.50 to $60.19 at 1327 GMT after gaining $1.58 on Tuesday. In Europe, gasoline stocks reached their highest in five months in the Amsterdam- Rotterdam- Antwerp oil hub, data from PJK...

  • Dec 24- Top European truckmakers operated a cartel for 14 years to delay the progress of emissions-reducing technology, the Financial Times reported, citing leaked documents in a European Commission investigation. The newspaper said that one of the documents states that DAF Trucks, Daimler, Iveco, Scania, Volvo and MAN "agreed the timing and price increase...

  • By Renee Maltezou and Lefteris Papadimas. ATHENS, Dec 23- Greek Prime Minister Antonis Samaras failed to capture the support needed to elect a new president in a second round of voting on Tuesday and now needs another 12 votes in the final round next week to avert a snap general election. Parliament must elect a president or a general election would have to be held...

  • BRUSSELS, Dec 22- Short, snappy and focused on two priorities- reviving sagging investment in Europe and standing firm towards Russia, the first European Union summit under new leadership was a demonstrative break with the past. Donald Tusk, the former Polish prime minister who took over the chairmanship of the 28- nation European Council this month, put his...

  • BRUSSELS, Dec 19- European Union leaders warned Moscow they are ready to flex their combined muscle and "stay the course" in a long confrontation with Russia if President Vladimir Putin refuses to pull back from Ukraine. In comments that were part warning to Russia, where falling oil prices and Western trade sanctions have brought financial havoc, and part...

  • *Turkey assumed G20 presidency this month. They fear he is taking Turkey ever further from Western standards on rule of law and free speech. Supporters say he is returning Turkey to its former glory, restoring its Ottoman and Islamic heritage after nine decades of rule by a secular elite.

  • TOKYO, Dec 19- The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited a press conference by the head of the Bank of Japan after the central bank held policy steady. "The focus still remains on broader risk appetite, the continued fall in commodity prices, in particular oil, and the divergent monetary policies of...

  • EU leaders ready long confrontation with Russia Thursday, 18 Dec 2014 | 8:54 PM ET

    *EU leaders lay ground for long-term common front toward Moscow. BRUSSELS, Dec 19- European Union leaders warned Moscow they were ready exercise their combined muscle over the long haul in a confrontation with an economically wounded Russia if President Vladimir Putin refused to pull back from Ukraine. "It is obvious we will not find a long-term perspective for...

  • TOKYO, Dec 19- The safe-haven yen was on the back foot on Friday, as risk assets staged a broad recovery and investors awaited the outcome of a Bank of Japan meeting. The dollar added 0.2 percent against the yen to buy 119.06 yen, while the euro tacked on 0.2 percent to 146.21 yen. BOJ Governor Haruhiko Kuroda will likely repeat calls for firms to increase wages at his...

  • BRUSSELS, Dec 18- EU leaders defended plans for the world's biggest trade deal with the United States, seeking on Thursday to counter hostility in Europe and clear the way for the accord to be agreed by the end of 2015.. The European Union and the United States have committed to an accord that would create a transatlantic market of 800 million people and encompass...

  • Ford shuts doors of Belgium's Genk plant Thursday, 18 Dec 2014 | 8:00 AM ET

    *Production to move to Valencia, Spain. GENK, Belgium, Dec 18- Ford Motor Company produced the last car at its plant in Genk, Belgium, on Thursday, closing the site which produced some 14 million vehicles over the past 50 years. The company decided in late 2012 to shut the factory which employed some 4,000 people and to relocate production of new models to Valencia, Spain.