United Kingdom

Francesco Guarascio

France under fire for 'historic error' of blocking Balkan EU hopefuls

18 Oct 2019

BRUSSELS Senior European Union officials, worried by growing Chinese and Russian influence in the Balkans, accused France on Friday of making a "historic error" by refusing to let North Macedonia and Albania start talks on joining the EU.

EU leaders split over $1.2 trillion post-Brexit budget

18 Oct 2019

BRUSSELS European Union leaders discussed a new budget plan on Friday that could allow the EU to spend up to 1.1 trillion euros ($1.2 trillion) in the 2021-2027 period, but deep divisions among governments may block a deal for months.

EU leaders seek tough unified message against Turkey's Syria offensive

17 Oct 2019

BRUSSELS European Union leaders will seek a common front against their NATO ally Turkey at a summit on Thursday and condemn Ankara's offensive in northern Syria, while considering further ways to pressure it to pull back.

Euro zone inflation drops more than foreseen, trade surplus widens

16 Oct 2019

BRUSSELS Euro zone inflation dropped to its slowest pace in nearly three years in September, more than previously estimated, the European Union statistics agency said on Wednesday.

Fall in EU firms' debt issuance fuels recession fears

16 Oct 2019

BRUSSELS Companies in the European Union sharply reduced the amount of money they raised on debt markets last year, an industry report said on Wednesday, in a sign the bloc could be heading toward a recession as firms hold off investment.

EU sees spike in Afghan migrants as many leave sanctions-stricken Iran

15 Oct 2019

BRUSSELS More Afghans than Syrians have migrated to the European Union so far this year, official data shows, making them the largest nationality illegally entering the bloc, with many relocating from Iran partly due to the hardship caused by U.S. sanctions.

EU weighs tighter rules against dirty money, eyes new agency

10 Oct 2019

LUXEMBOURG The European Union is considering tighter rules to counter the flow of dirty money into the region's banks and other economic sectors, EU officials said on Thursday.

EU removes UAE, Switzerland, Mauritius from tax haven lists

10 Oct 2019

LUXEMBOURG European Union finance ministers agreed to remove the United Arab Emirates, Switzerland and Mauritius from the bloc's lists of countries deemed to be acting as tax havens, a move that activists called a "whitewash".

Euro zone puts pressure on Dutch, Germans to spend more

09 Oct 2019

LUXEMBOURG Germany and the Netherlands, which run budget surpluses, should invest more to help boost economic growth at home and throughout the euro zone, top euro zone officials said on Wednesday, echoing a call from the European Central Bank last month.

Spooked by Libra, EU pledges to regulate digital currencies

08 Oct 2019

BRUSSELS The European Union's finance commissioner pledged on Tuesday to propose new rules to regulate virtual currencies, in a reaction to Facebook's plans to introduce Libra, which the EU considers a risk to financial stability.

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