25

Mar

Polish ammunition firm to boost output severalfold as part of EU-Ukraine plan

WARSAW, March 25 (Reuters) - Polish ammunition maker Dezamet, a unit of state arms producer Polska Grupa Zbrojeniowa (PGZ), will substantially boost capacity to supply EU-funded ammunition to Ukraine, Poland's…

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25

Mar

UPDATED: Germany, EU reach deal on future use of combustion engines

FRANKFURT/BRUSSELS, March 25 (Reuters) - The European Union and Germany have reached a deal on the future use of combustion engines, officials said on Saturday, an issue that has been…

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24

Mar

ECB could hike rates again in May to tame stubborn inflation: Knot

ECB not done with hikes, Knot says Core inflation shows no sign of abating Inflation risk tilted to upside ECB should move to gradually end all APP reinvestments By Balazs…

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24

Mar

EU banks resilient, have strong capital, liquidity – statement

BRUSSELS, March 24 (Reuters) - The European Union banking sector is resilient because it has strong capital and liquidity positions, European Union leaders said in a statement after a summit…

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24

Mar

Euro zone services firms enjoy buoyant March but factories struggle -flash PMI

Euro zone March flash PMI at 54.1, a 10-month high Data adds to evidence euro zone will dodge recession Growth unbalanced, however, as factory activity falls By Jonathan Cable LONDON,…

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24

Mar

ECB to reassure EU leaders on bank stability, call for EU deposit insurance

By Jan Strupczewski BRUSSELS, March 24 (Reuters) - The European Central Bank is likely to reassure European Union leaders on Friday that euro zone banks are safe after market turbulence…

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23

Mar

European Sovereignty Fund could finance joint EU projects – Gentiloni

BRUSSELS, March 23 (Reuters) - A future European Sovereignty Fund could finance joint European Union projects to keep the 27-nation bloc ahead of global competition in clean technologies, European Economic…

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23

Mar

UPDATED: Food security, ammunition in focus as EU leaders discuss Ukraine war with UN chief

UN chief Guterres is guest at EU summit Ukraine Zelenskiy due to address summit by video link Impact of war on global food security tops summit agenda Leaders also to…

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23

Mar

EU moves towards limiting carbon emissions from shipping

BRUSSELS, March 23 (Reuters) - EU countries on Thursday reached a preliminary agreement to reduce greenhouse gas emissions in the maritime sector by increasing the use of renewable fuels on…

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23

Mar

UPDATED: EU, Germany edge towards solution on combustion engine row

By Kate Abnett and Philip Blenkinsop BRUSSELS, March 23 (Reuters) - Germany and the European Union are on course to resolve a dispute over the bloc's planned 2035 phaseout of…

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23

Mar

UPDATED: EU leaders back steps to compete with US, China

By Philip Blenkinsop BRUSSELS, March 23 (Reuters) - European Union leaders agreed on Thursday to back a revamp of the single market, simplified regulations and other steps to ensure the…

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22

Mar

UK PM Sunak to win post-Brexit trade vote in parliament despite Johnson opposition

British Prime Minister Rishi Sunak is set to win parliamentary approval on Wednesday for a key element of a post-Brexit deal on Northern Ireland, a victory tainted by a lack of support…

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22

Mar

EU to propose clampdown on companies using fake ‘green’ claims

The European Commission wants to require companies in Europe to back up climate-friendly claims about their products with evidence, under draft rules to stamp out misleading green labels for products from clothing…

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21

Mar

Eurosceptics rubbish UK post-Brexit fix as ‘practically useless’

Eurosceptic Conservatives rubbished a key element of a deal with the EU on Northern Ireland as "practically useless" on Tuesday, calling on lawmakers to study a legal review of British…

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21

Mar

EU antitrust regulators raid Red Bull premises

EU antitrust regulators have raided a company active in the energy drinks sector in several EU countries on suspicion of taking part in a cartel and also abusing its dominance,…

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21

Mar

In case affecting oil, Norway Supreme Court says EU ships cannot fish Arctic snow crab

Ruling has implications for oil, minerals Non-EU Norway has sovereignty over Svalbard Arctic islands State can sue Norway -expert By Gwladys Fouche OSLO, March 20 (Reuters) - Norway's Supreme Court…

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21

Mar

EU regulators to investigate tax deals between EU countries and multinationals

EU regulators are likely to open investigations into tax deals between EU countries and multinationals after reviewing their arrangements in the previous decade, the bloc's competition chief warned on Monday.…

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21

Mar

Malta agrees to European agreement to jointly procure ammunition

Malta is one of seventeen European Union countries plus Norway to agree to jointly procure ammunition to help Ukraine and to replenish their own stockpiles, the EU's European Defence Agency…

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21

Mar

Banking crisis headlines EP Committee activity

Having quizzed ECB President Christine Lagarde on the bank’s measures to deal with an economic environment marked by high uncertainty and strong inflationary pressures, the Economic and Monetary Affairs Committee…

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21

Mar

Lagarde says ECB ready to help banks but sector is ‘resilient’

The European Central Bank remains ready to support euro zone banks with loans if needed, ECB President Christine Lagarde told MEPs, as she reiterated earlier assurances after the Swiss-brokered rescue…

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21

Mar

Maltese generally support EU, Government response to Ukraine war

70% of respondents in Malta are very satisfied or fairly satisfied with the response by the Government of Malta to the Russian invasion in Ukraine, and 68% are satisfied with…

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21

Mar

EU imposes further sanctions on Iran for human rights violations

The European Union on Monday imposed a new package of sanctions against Iran, its sixth, in response to human rights violations, adding eight individuals and one entity to its list.…

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21

Mar

Albania suspends Golden Passport Scheme in effort to reassure European partners

Albania's Prime Minister, Edi Rama, has announced that the country's Golden Passport Scheme has been temporarily suspended, after pressure from EU and international institutions against such programmes continued to mount.…

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21

Mar

Northern Ireland’s DUP lawmakers to vote against new Brexit deal

Northern Ireland's Democratic Unionist Party leader Jeffrey Donaldson said that its members of the British parliament would vote against a central element of the government's deal with Brussels on post-Brexit…

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20

Mar

What can the ECB do to stop the banking crisis?

FRANKFURT, March 20 (Reuters) - A Swiss orchestrated rescue of Credit Suisse by rival UBS has failed to calm nerves as investors worry which banks could be next in line.…

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20

Mar

EU member states agree on joint munitions procurement for Kyiv -Germany

BRUSSELS, March 20 (Reuters) - European Union member states have reached an agreement on the joint procurement of ammunition for Ukraine, German Defence Minister Boris Pistorius said on the sidelines…

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20

Mar

European Commission offers 1 billion euros to help rebuild Turkey from earthquake

European Commission offers 1 billion euros to help rebuild Turkey from earthquake BRUSSELS, March 20 (Reuters) - The EU executive will give 1 billion euros ($1.07 bln) to help reconstruction…

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20

Mar

UPDATED: EU to impose further sanctions on Iran for human rights violations -Germany

BRUSSELS, March 20 (Reuters) - European Union foreign ministers will slap a sixth package of sanctions on Iran in response to human rights violations, German Foreign Minister Annalena Baerbock said…

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20

Mar

Euro zone trade deficit flat in January despite increased energy import spend

BRUSSELS, March 20 (Reuters) - The euro zone trade deficit was little changed in January from a year earlier, with sharply higher cost of energy imports outweighing a pick-up of…

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20

Mar

ECB’s Villeroy: Agricultural prices should drop in June, easing inflation pressures

PARIS, March 20 (Reuters) - Global agricultural prices should go down in June which should help ease inflationary pressures regarding food prices, said Bank of France head and European Central…

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20

Mar

ECB ready to help banks even as it hopes for calm after Swiss deal

FRANKFURT (Reuters) - The European Central Bank remains ready to support euro zone banks with loans if needed, ECB President Christine Lagarde said, adding that the Swiss-brokered rescue of Credit…

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19

Mar

EU countries to sign agreement to buy shells for Ukraine

BRUSSELS, (Reuters) - Several European Union countries will sign an agreement on Monday to team up to buy artillery rounds for Ukraine as part of an effort to speed up…

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17

Mar

EU draft plan shows backing for 1 mln artillery shells for Ukraine – Handelsblatt

BERLIN, March 17 (Reuters) - The European Council will welcome a plan to provide 1 million artillery shells to help Ukraine fight Russia's invasion at an EU summit next week,…

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17

Mar

Euro zone inflation eases in February but core prices pick up

FRANKFURT, March 17 (Reuters) - Euro zone inflation eased a touch in February but underlying price growth continued to accelerate on a surge in services costs, the EU's statistics agency…

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17

Mar

In show of unity, NATO and EU heads visit North Sea gas platform

TROLL A PLATFORM, North Sea, March 17 (Reuters) - The heads of NATO and the European Commission flew on Friday to a North Sea platform to discuss the security of…

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17

Mar

Euro zone labour costs jump 5.7% y/y in Q4

BRUSSELS, March 17 (Reuters) - Euro zone labour costs jumped in the last three months of 2022, and third quarter data was revised up as well, but the rise of…

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17

Mar

UPDATED: ECB watchdog sees no Europe contagion after US, Swiss bank rescues

By Balazs Koranyi, Pete Schroeder and Tom Westbrook March 17 (Reuters) - European Central Bank supervisors see no contagion for euro zone banks from recent sector turmoil, a source said…

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17

Mar

UPDATED: Two ECB hawks call for more rate hikes despite banking turmoil

Kazimir and Simkus challenge official guidance Villeroy says latest hike is show of confidence ECB Supervisory Board meeting on banks By Francesco Canepa and Balazs Koranyi FRANKFURT, March 17 (Reuters)…

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16

Mar

UPDATED: ECB raises rates as planned despite banking turmoil

Rates rise by 50 bps as previously indicated No signal about future moves Markets had bet on smaller move after bank share selloff Inflation to remain high for years to…

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16

Mar

UPDATED: EU unveils plans to lead in green industrial revolution

By Philip Blenkinsop BRUSSELS, March 16 (Reuters) - The European Commission presented one of the centrepieces of its strategy on Thursday to ensure its industry can compete with the United…

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15

Mar

Euro zone January industry output up 0.7% m/m

March 15 (Reuters) - Euro zone industrial production increased by 0.7% in January from the previous month, data from the European Union statistics agency Eurostat showed on Wednesday. Industrial production…

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15

Mar

ECB likely to stick to big rate hike despite banking turmoil

ECB sees headline inflation still above target in 2024-25 Core inflation to be revised higher in new projections Policymakers lean towards 50-bps hike as planned By Francesco Canepa and Balazs…

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15

Mar

Schinas says Wagner ‘accessory’ in migrant crisis

European Commission Vice President and Commissioner for Promoting our European Way of Life Margaritis Schinas said that the Russian Wagner mercenary group was an accessory in the migrant crisis, answering…

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14

Mar

EU to announce next steps on joint gas buying on Wednesday

The European Commission will announce its next steps on Wednesday on launching a scheme for countries to jointly purchase gas in global markets, the bloc's energy policy chief said on…

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14

Mar

EU lawmakers approve CO2-cutting targets and expanding forest carbon sinks

The European Parliament gave its final approval on Tuesday to tougher national targets to cut emissions in some sectors, and expand CO2-absorbing natural ecosystems like forests. The two laws are…

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14

Mar

Germany forms alliance against phase-out of internal combustion engines by 2035

Germany has formed an alliance with Italy and some Eastern European countries opposing the planned phase-out of internal combustion engines from 2035, and they want to make their own proposal. Transport ministers…

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14

Mar

Euro zone ministers back tighter fiscal stance for 2024

Euro zone finance ministers on Monday backed a European Commission recommendation to start tightening fiscal policy, gradually phasing out government support against high energy prices to business and households. The European Commission called last week on EU…

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13

Mar

Group of EU countries to explore changes to car emissions law

PRAGUE, March 13 (Reuters) - Transport ministers from the Czech Republic, Germany, Italy, Poland, Portugal, Romania, Hungary and Slovakia will meet on Monday to discuss potential changes to proposed EU…

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13

Mar

EU Commission monitoring SVB collapse, says very limited presence in EU

BRUSSELS, March 13 (Reuters) - The European Commission is monitoring the situation after the collapse of tech lender Silicon Valley Bank which has a very limited presence in the European…

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10

Mar

EU hopeful that Kosovo and Serbia will reach deal this month

PRISTINA (Reuters) - The European Union expects former wartime foes Kosovo and Serbia to reach a final deal next week on normalising relations after both endorsed a peace plan, the…

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10

Mar

EU to hold joint naval exercises amid growing maritime security threats

By Kate Abnett BRUSSELS, March 10 (Reuters) - The European Union wants to hold joint naval exercises as part of plans to step up its efforts to protect critical infrastructure…

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10

Mar

US, EU in talks on clean technology trade deal -FT

March 10 (Reuters) - U.S. Energy Secretary Jennifer Granholm said the United States and the European Union were in talks about a free trade-style deal around clean technology, the Financial…

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10

Mar

UPDATED: EU strikes deal to curb energy use by 2030

BRUSSELS, March 10 (Reuters) - The European Union struck a deal on Friday to cut final energy consumption across the bloc by 11.7% by 2030, a goal lawmakers said would…

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09

Mar

ECB to test banks for cyber resilience, Enria says

FRANKFURT, March 9 (Reuters) - The European Central Bank plans to test the cyber resilience of the euro zone's top banks after a sharp rise in cyberattacks, including after Russia's…

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09

Mar

UPDATED: Czech Republic calls meeting of EU countries on car emissions laws

By Kate Abnett BRUSSELS, March 9 (Reuters) - The Czech Republic has invited transport ministers from 11 European Union counties to meet in Strasbourg on Monday to discuss emissions-cutting policies…

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09

Mar

US, EU to launch talks on free-trade-like status, easing EV trade dispute

By Andrea Shalal and David Shepardson WASHINGTON (Reuters) - U.S. President Joe Biden and European Commission President Ursula von der Leyen are expected to agree on Friday to begin negotiations…

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09

Mar

Europe experienced second-warmest winter on record

By Kate Abnett BRUSSELS  (Reuters) - Europe is emerging from its second-warmest winter on record, European Union scientists said, as climate change continues to intensify. The average temperature in Europe…

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