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European Union

Belgian unions warn of more strikes ahead for Ryanair


BRUSSELS European unions will organise several days of strikes before the end of the year if low-cost carrier Ryanair does not change its position, Belgian unions CNE and LBC-NVK said.


Euro weak as Italian budget raises EU political risks, yen weakens 5:08am BST

SINGAPORE The euro hovered near a one-week low against the dollar on Friday as the European Commission's criticism of Italy's populist budget sparked fresh concerns about political tensions in the common currency zone.


EU says no cliff-edge risk from Brexit for derivatives 18 Oct 2018

LONDON A report on risks to the stability of derivatives markets posed by Brexit could lead to regulatory intervention, European Commission officials said on Thursday, dismissing warnings they could tumble off a cliff if Britain leaves the EU with no deal.

EU rejects U.S. 'blackmail' to dilute derivatives clearing rules 18 Oct 2018

LONDON The European Union rejected U.S. calls to water down new derivatives clearing rules on Thursday, saying EU lawmakers would not be "blackmailed" and it had every right to supervise foreign financial firms in the same way as U.S. regulators.


Fearing election hacking, EU leaders to ready sanctions 18 Oct 2018

BRUSSELS European Union leaders agreed on Thursday to impose sanctions to stiffen their response to cyber attacks and to rush through new curbs on online campaigning by political parties to protect next year's European polls from interference.

France says planned EU mechanism to enable Iran trade may have wider use 18 Oct 2018

PARIS France's foreign ministry said on Thursday a so-called Special Purpose Vehicle (SPV) that the European Union is considering creating to enable trade with Iran could be used more broadly to help the bloc avoid the extraterritorial reach of U.S. law.


Italy's draft budget is serious breach of EU rules- Commission 18 Oct 2018

BRUSSELS Italy's 2019 budget draft is in serious breach of EU budget rules, the European Commission told Rome on Thursday, in a step that prepares the ground for what would be an unprecedented rejection of a member state's fiscal plan.


ECB's Draghi: undermining EU budget rules carries high price for all 18 Oct 2018

BRUSSELS There is no evidence that undermining the European Union's budget limits on borrowing leads to prosperity, but it is clear that such actions are costly for all in the single currency area, the head of the European Central Bank said on Thursday.


Take it or leave it? EU offers May few options on Brexit deal 18 Oct 2018

BRUSSELS The European Union and Britain have given themselves a few more weeks to break the deadlock in their Brexit talks but for Brussels the delay seems mainly about Prime Minister Theresa May dealing with critics back in London.


Irish PM sees "huge difficulties" with UK-wide Brexit border backstop 18 Oct 2018

BRUSSELS The European Union would have "huge difficulties" agreeing to a United Kingdom-wide Irish border backstop as it would expose the bloc's single market to unfair competition, Ireland's Prime Minister Leo Varadkar said on Thursday.