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  • European Parliament set to call on FIFA's Blatter to go now Jun 11, 2015 08:19 AM IST

    European Parliament set to call on FIFA's Blatter to go now

    Blatter tendered his resignation last week as head of the football world governing body, but said he wanted to remain in office until his successor was elected.

  • Greece delays IMF payment, PM to brief angry parliament Jun 05, 2015 08:11 AM IST

    Greece delays IMF payment, PM to brief angry parliament

    Tsipras, elected in January on a promise to end austerity, returned from late night talks with EU officials in Brussels to face an outcry over conditions that would breach the "red lines" his Syriza party has declared.

  • Asia stocks dip, euro stands tall, hopes of Greek debt deal Jun 03, 2015 08:01 AM IST

    Asia stocks dip, euro stands tall, hopes of Greek debt deal

    US Treasury yields spiked to two-week highs overnight after German Bond yields soared on stronger-than-expected euro zone inflation data. Consumer prices rose 0.3 percent year-on-year in May, beating forecasts for a 0.2 percent increase.

  • Gold holds losses, struggles below $1,200 on firmer dollar May 12, 2015 08:40 AM IST

    Gold holds losses, struggles below $1,200 on firmer dollar

    Spot gold was little changed at USD 1,184.01 an ounce by 0042 GMT, after losing 0.3 percent on Monday.

  • IT industry against a single digital European market May 07, 2015 02:25 PM IST

    IT industry against a single digital European market

    Information Technology Industry Council (ITI), the global voice of the leading tech companies, has slammed the European Commission's "Digital Single Market" proposal, saying the move will penalise innovation and creativity.

  • EBay supports Google over Brussels antitrust probe Apr 27, 2015 11:23 AM IST

    EBay supports Google over Brussels antitrust probe

    The European Union accused Google of cheating consumers and competitors by distorting Web search results to favor its own shopping service, after a five-year investigation that could change the rules for business online.

  • EU lays groundwork to file antitrust charges against Google Apr 02, 2015 03:40 PM IST

    EU lays groundwork to file antitrust charges against Google

    The European Commission is asking companies that filed complaints against Google for permission to publish some of the information they submitted confidentially, the Journal said, citing several people familiar with the requests.

  • EU to tell Greece time, patience running out Mar 19, 2015 06:28 PM IST

    EU to tell Greece time, patience running out

    Prime Minister Alexis Tsipras has requested a meeting with the leaders of Germany, France and the main EU institutions on the sidelines of a European Union summit to press for Athens to be allowed to raise short-term funds to keep itself afloat.

  • Fed fear factor could keep markets turbulent Mar 11, 2015 08:47 AM IST

    Fed fear factor could keep markets turbulent

    The fallout from diverging central bank policies sparked a dollar rally and stock market selloff Tuesday, as traders reacted to the European Central Bank's bond-buying program and the fact the Fed could signal it is getting even closer to a rate hike when it meets next week.

  • Greece sends comprehensive reform plan to lenders: Sources Feb 24, 2015 04:42 PM IST

    Greece sends comprehensive reform plan to lenders: Sources

    Greece sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight that was "a valid starting point" for talks over its bailout, a source close to the European Commission said on Tuesday.

  • Greece readies reform plans to first sign of leftist unrest Feb 23, 2015 06:28 PM IST

    Greece readies reform plans to first sign of leftist unrest

    After a climbdown in Brussels to win the conditional four-month agreement, the government of Prime Minister Alexis Tsipras declared the reform list would at least be decided by Greeks, in contrast to the austerity policies dictated by foreign creditors since they bailed out Athens in 2010.

  • The $375 billion Europe wants to invest but doesn't have Nov 18, 2014 07:40 PM IST

    The $375 billion Europe wants to invest but doesn't have

    If all the money it promises is raised and spent, it could provide the 28-nation EU with roughly an additional 0.7 percent of GDP in investment per year over three years.

  • Apollo Tyres at record high, to set up new plant in Hungary Sep 09, 2014 11:52 AM IST

    Apollo Tyres at record high, to set up new plant in Hungary

    According to the company, its project in Hungary involves investments of 442.2 million euros and is expected to create over 975 now jobs. It is to be carried out in Gyongyoshalasz, in Northern Hungary, the commission said in a statement.

  • Corruption costs European economy 120 billion euros a year Feb 04, 2014 10:38 AM IST

    Corruption costs European economy 120 billion euros a year

    The report published on Monday places the EU, often portrayed as one of the globe's cleanest regions, in an unflattering light.

  • Euro zone: Reasons to be wary in 2014 Jan 06, 2014 12:46 PM IST

    Euro zone: Reasons to be wary in 2014

    The political will to keep the show on the road has held firm, the European Central Bank's pledge to underpin the euro continues to stave off bond market pressure and there is the prospect of economies growing at least a little.

  • Banks' rate-fixing fines merit more investor concern Dec 05, 2013 09:00 AM IST

    Banks' rate-fixing fines merit more investor concern

    For the banks and their investors, such penalties have become almost run of the mill. Deutsche Bank, for example, the hardest hit with a combined € 724 million fine, suffered a share price fall of only 0.7 percent in Wednesday morning trading.

  • EU seeks feedback on Google's revised antitrust offer Oct 29, 2013 08:53 AM IST

    EU seeks feedback on Google's revised antitrust offer

    The company tweaked its offer this month to allow rivals to display their logos and make their web links more prominent to users. In areas where all search results can be paid advertisements, such as shopping searches, Google will cut the minimum bids it will accept from advertisers seeking to buy slots on result pages, to 3 cents from 10 cents.

  • EU to clear US Airways, American $11 bn merger - Sources Jul 30, 2013 11:58 AM IST

    EU to clear US Airways, American $11 bn merger - Sources

    European Union will approve merger between AMR Corp's American Airlines and US Airways to become the rowld's largest carrier after agreeing to cede slots on a transatlantic route.

  • Dear Brussels, you asked about the oil price May 27, 2013 03:46 PM IST

    Dear Brussels, you asked about the oil price

    The European Commission last week sent a questionnaire to oil traders seeking information related to its probe into the potential manipulation of energy price benchmarks.

  • Europe investigates Apple's iPhone tactics May 27, 2013 09:29 AM IST

    Europe investigates Apple's iPhone tactics

    According to a questionnaire sent last week to several European mobile network operators, the Commission is focusing on distribution terms that might favour Apple by ensuring no rival can secure a better sales deal, said the newspaper.

  • China, EU to discuss trade disputes on May 27 May 26, 2013 03:32 PM IST

    China, EU to discuss trade disputes on May 27

    China said it would hold talks with the European Commission on Monday to discuss a trade row over solar panels and wireless equipment, laying the ground for formal negotiations amid concerns of an escalating dispute.

  • Tata Steel favours EU funds to soften plant-closure blow May 18, 2013 12:50 PM IST

    Tata Steel favours EU funds to soften plant-closure blow

    Tata Steel , the second largest steel producer in Europe, supports proposals to use EU funds to soften the blow of steel plant closures, chief executive Karl-Ulrich Köhler said.

  • Europe austerity debate to test periphery political will Apr 28, 2013 01:26 PM IST

    Europe austerity debate to test periphery political will

    As European Commission president Jose Manuel Barroso put the austerity question back on the agenda by suggesting it had reached its natural limit of popular support, data showed that in Europe, only Greece has a higher underlying budget deficit.

  • EU says wants more foreign students despite downturn Mar 26, 2013 09:17 AM IST

    EU says wants more foreign students despite downturn

    The European Commission wants to speed up the visa process for foreign students and allow them to work in the 27-nation bloc despite record unemployment and a stagnating economy, arguing Europe has many skilled jobs that go unfilled.

  • Crisis-hit EU states get wiggle room on deficits Mar 15, 2013 05:01 PM IST

    Crisis-hit EU states get wiggle room on deficits

    European leaders meeting in Brussels on Thursday hinted that some countries could be given more time to meet their deficit goals as they address high unemployment and seek to ease the pain of tough austerity measures.

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