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Euro zone GDP contraction slows in Q1The pace of the euro zone's economic contraction slowed quarter-on-quarter in the first three months of this year, EU statistics showed on Wednesday, but retail sales in April pointed to continued weakness in household demand. More… |
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New EU rules make it easier to switch bank accountsEuropeans will find it easier to open and switch bank accounts and see what fees they are being charged under new rules proposed by the European Commission on Wednesday. The proposal, which could become law in the European Union i More… |
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Microsoft fined $730m for breaking EU promiseEU antitrust regulators fined Microsoft 561 million euros ($731 million) on Wednesday for breaking a promise to offer European consumers a choice of web browser. Microsoft had made the pledge in 2009 in settling an antitrust inves More… |
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Robbers seize $467m gems at Brussels airportArmed robbers stole diamonds worth 350 million euros ($467 million) while the gems were being loaded onto a plane at Brussels Airport on Monday evening, Belgian state broadcaster VRT reported. T More… |
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EU chief says meat products falsely-labelledAll companies that have handled falsely-labelled horsemeat are under suspicion, the European Union's health chief said on Wednesday, adding the Commission was considering strengthening relevant law. EU ministers are to meet la More… |
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Ashton to host meeting on Iran in BrusselsEU foreign policy chief Catherine Ashton will host a meeting of representatives of six major powers in Brussels on Wednesday, as part of efforts to dissuade Iran from its nuclear programme, a spokeswoman for Ashton said on Thursday. More… |
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Euro zone slips into second recession since 2009The euro zone fell into a recession in July-September, the second since the global financial crisis in 2009, as French resilience could not make up for a slump across Europe and the three-year debt crisis slowed Germany to a crawl. More… |
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Iran to take part in talks on nuclear-free MEIran said on Tuesday it would go to a proposed international conference in December on creating a nuclear-free zone in the Middle East, but there was little hope of progress even if the meeting goes ahead given deep-rooted regional animosities. More… |
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European Parliament visit to Iran cancelledIran has cancelled a European Parliament delegation visit to Tehran after the group asked to meet two Iranian activists awarded a top EU rights prize, a parliament spokeswoman said on Saturday. The decision came after senior offic More… |
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IMF urges Italy, Spain to seek aidThe International Monetary Fund called on the eve of a European Union summit for both Spain and Italy to seek euro zone assistance to draw a line under the bloc's debt crisis, but Rome has rebuffed the idea and Madrid seems More… |
