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EU to allow calls on flights

Airline passengers in the European Union (EU) will soon be able to use their phones to full effect in the sky. The European Commission ruled airlines can provide 5G technology…

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Germany, others demand clarity on EU plan on telco network costs

By Foo Yun Chee BRUSSELS (Reuters) - Germany and five other countries joined in a debate that has drawn support and opposition from interest groups as they asked the European…

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EU plans to fine companies for breaking sanctions against Russia

BRUSSELS, Dec 2 (Reuters) - The European Commission issued a proposal on Friday to fine companies at least 5% of their worldwide turnover if they break EU sanctions against Russia.…

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Euro zone producer prices fall more than expected m/m in Oct

BRUSSELS, Dec 2 (Reuters) - Euro zone producer prices fell more than expected month-on-month in October and decelerated sharply year-on-year, underlining economists' expectations that inflation may have peaked. The European…

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MEPS vote to make it easier for EU citizens to participate in European elections

MEPs adopted a series of proposals to reinforce the right of mobile EU citizens to vote and stand in European elections in the EU country in which they reside. The…

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EU countries to consider lower gas price cap – documents

By Kate Abnett BRUSSELS, Dec 2 (Reuters) - European Union countries will consider on Friday a proposal for a gas price cap slightly lower than a Brussels proposal that some…

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EU tentatively agrees $60 price cap on Russian seaborne oil

By Jan Strupczewski and Kate Abnett BRUSSELS (Reuters) - European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil - an idea…

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EU ‘very confident’ on N.Ireland agreement if UK shows political will

DUBLIN, Dec 1 (Reuters) - European Commision President Ursula von der Leyen said she is "very confident" a positive conclusion can be reached on a post-Brexit trade row over Northern Ireland if…

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EU states offer carve out for financial services from ‘due diligence’ rules

By Huw Jones LONDON, Dec 1 (Reuters) - European Union member states on Thursday reached a deal on rules that would force large companies to check whether their suppliers use slave or…

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China’s Xi vows to strengthen communication, coordination with EU in meeting with Michel

BEIJING (Reuters) - China will continue to strengthen strategic communication, coordination with EU, China's president Xi Jinping told European Council president Charles Michel at a meeting in Beijing on Thursday. …

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EU approves Hungary’s recovery plan, but holds cash, moves to freeze other funds

BRUSSELS (Reuters) - The European Commission approved on Wednesday Hungary's post-pandemic recovery plan to keep open the possibility of EU disbursements later, but will hold back any payouts from the…

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EU rules would stop practices seen at crypto exchange FTX, says European Commission

Adds more detail By Huw Jones LONDON, Nov 30 (Reuters) - The "questionable practices" at now collapsed crypto exchange FTX would not have been allowed to happen under European Union rules now…

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Euro sags against sterling after eurozone inflation cools

LONDON, Nov 30 (Reuters) - The euro retreated against the pound on Wednesday after data showed euro zone inflation cooled off by more than expected in November, reinforcing the case for a…

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EU fails to agree on Russian oil price cap, say diplomats

European Union governments failed to agree on Monday on a price cap on Russian seaborne crude oil, as Poland insisted that the cap had to be set lower than proposed…

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Banks face tougher rules on using cloud computing giants

Financial firms in the European Union will have to show how quickly they could recover from a cyber attack as they rely more for key services on 'cloud computing' giants such…

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ECB says inflation hasn’t peaked, may surprise

Euro zone inflation has not peaked and it risks turning out even higher than currently expected, European Central Bank President Christine Lagarde said on Monday, hinting at a series of…

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EU to propose boosting recycled content and reuse of packaging

BRUSSELS, Nov 28 (Reuters) - The European Commission is set to announce this week proposals to reduce packaging waste with new targets for recycled content in plastic drinks bottles and…

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EU sets out plans to shift derivatives clearing from London to Frankfurt

EU wants to end reliance on London post Brexit Could be a further knock to City amid competition Banks have warned EU not to be too heavy-handed By Huw Jones…

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European Commission plans EU business tax overhaul

A planned reform of EU corporate taxation would substitute national business tax rules, EU Economy Commissioner Paolo Gentiloni said Monday. The "Business in Europe Framework for Income Taxation," or BEFIT,…

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Euro zone recession not a foregone conclusion, ECB’s Knot says

FRANKFURT, Nov 28 (Reuters) - Euro zone economic growth may turn negative this quarter but a recession is not a given since some economic data, particularly in Germany, have surprised…

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ECB’s Lane plays down wage, core inflation fears

FRANKFURT, Nov 25 (Reuters) - Euro zone wage growth could keep pushing up inflation for years but this does not signal a permanent shift in wage dynamics and current indicators…

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EU regulator warns of ‘disappointing’ vaccine booster uptake

(Reuters) - Recent uptake of COVID-19 vaccine booster doses in the European Union has been "rather disappointing," an official said, amid concerns that protection against severe cases of the disease…

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Twitter job cuts a concern as new EU rules kick in, EU justice head says

By Foo Yun Chee BRUSSELS, Nov 24 (Reuters) - Twitter's decision to shut down its Brussels office and the laying off of thousands of employees are drawing concerns on whether…

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MEPs vote not to accept passports issued by Russia in occupied areas

The European Parliament has endorsed a decision not to accept passports and other travel documents issued by Russia in illegally-occupied regions of Ukraine and Georgia. Parliament approved the agreement with…

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EU to approve Hungary’s recovery plan, hold payouts until conditions met

The European Commission is likely to approve next week Hungary's post-pandemic recovery plan to keep open the possibility of EU disbursements later, but hold back any payouts until Budapest fulfils all agreed conditions,…

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Europe names world’s first disabled astronaut

PARIS, Nov 23 (Reuters) - The European Space Agency on Wednesday named the first ever "parastronaut" in a major step towards allowing people with physical disabilities to work and live in space.…

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Euro zone growth will likely be negative in Q4, inflation high, ECB’s De Guindos Says

MADRID, Nov 23 (Reuters) - The euro zone economy will likely show negative growth rates in the fourth quarter while inflation will still remain high before starting to slow down in the…

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European Parliament celebrates 70th anniversary

In a ceremony in Strasbourg’s hemicycle, MEPs marked the creation of the Common Assembly of the European Coal and Steel Community in 1952, the EP’s forerunner. EP President Roberta Metsola…

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EU gas cap seen in place for one year, countries at odds over price level

The European Commission proposed introducing a gas price cap for one year from Jan.1, 2023, according to draft legislation seen by Reuters that has so far left the actual ceiling level…

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EU sets out Mediterranean migrant plan ahead of emergency meeting

The European Commission set out a 20-point action plan designed to address surging migration in the central Mediterranean ahead of an emergency meeting of interior ministers. Over 90,000 migrants and…

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EU warns of escalating Serbia, Kosovo tensions

The European Union on Monday warned of "escalation and violence" after emergency talks between Kosovo and Serbia failed to resolve their long-running dispute over car licence plates used by the ethnic…

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Socialist, Liberal MEPs oppose release of funds to Hungary’s Orban

Some European Union lawmakers warned the bloc's executive Commission against unlocking billions of euros in funds for Hungary, saying Prime Minister Viktor Orban was trampling on democratic norms. The Brussels-based European Commission is expected…

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Europe rushes to fill up on Russian diesel before ban begins

By Rowena Edwards and Ron Bousso LONDON, Nov 21 (Reuters) - European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in…

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EU holds emergency meeting with Serbia and Kosovo over rising tensions

BRUSSELS, Nov 21 (Reuters) - The European Union on Monday will hold an emergency meeting with the Serbian President Aleksandar Vucic and the Prime Minister of Kosovo Albin Kurti to…

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What’s in a name? EU watchdog cracks down on ESG investment funds

By Huw Jones LONDON, Nov 18 (Reuters) - The European Union's securities watchdog on Friday proposed strict curbs on how investment funds are sold in the bloc if they tout…

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EU agency says COVID pandemic led to surge in superbug infections

(Reuters) - Infections from some antibiotic-resistant pathogens known as superbugs have more than doubled in health care facilities in Europe, an EU agency said, providing further evidence of the wider…

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EU secures deal on satellite internet system

BRUSSELS, (Reuters) - The European Union has reached a deal on a 6-billion-euro ($6.2 billion) satellite internet system, driven by the bloc's push to boost its own space and communications…

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ECB may have to restrict growth to control inflation, Lagarde says

FRANKFURT, Nov 18 (Reuters) - The European Central Bank will keep raising interest rates and may even need to restrict economic activity to tame inflation, ECB President Christine Lagarde said…

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UPDATED: Euro zone banks to repay 296 bln euros in ECB loans

FRANKFURT, Nov 18 (Reuters) - Euro zone banks are set to repay 296 billion euros in multi-year loans from the European Central Bank next week, the ECB said on Friday,…

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UPDATED: EU agrees to climate damage fund, energizing bogged-down COP27 talks

By Kate Abnett SHARM EL-SHEIKH, Egypt, Nov 18 (Reuters) - Climate negotiators on Friday were mulling a European Union proposal aimed at resolving an impasse over financing for countries hit…

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EU to discuss migration problems at extraordinary meeting on Nov 25

AMSTERDAM (Reuters) - EU home affairs ministers will hold an extraordinary meeting to discuss current problems with migration on Nov. 25, the Czech EU Presidency said. "Ministers will address the…

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EU readies next steps to boost its capital market

By Huw Jones LONDON, Nov 17 (Reuters) - The European Union will propose rules next month to make it easier for companies to list, give creditors more predictability on company…

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Euro zone Oct y/y inflation revised marginally lower, still record high

BRUSSELS, Nov 17 (Reuters) - Euro zone inflation in October was marginally lower than previously reported in year-on-year terms but still at a record high because of surging energy prices,…

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EU poised to unblock billions in funds for Hungary

Funds worth 10% of Hungary's 2022 GDP estimate at stake Orban seeks deal with EU as Hungarian economy in trouble Funds blocked over democracy deficits in Hungary EU executive expected…

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UPDATED: COP27 deal needs ‘tremendous amount of work’ – EU’s Timmermans

By Kate Abnett SHARM EL-SHEIKH, Egypt, Nov 17 (Reuters) - A tremendous amount of work is needed to turn a draft COP27 text into something all parties can agree on,…

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EU nations must “work quicker” on energy intervention – Portugal’s FinMin

By Sergio Goncalves and Aislinn Laing LISBON, Nov 15 (Reuters) - EU states must "work quicker and with stronger determination" to reach agreement to intervene in energy markets and support…

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Rich nations stick to coal phase-out as China builds new plants

LONDON/SHARM EL-SHEIKH, Egypt (Reuters) - Rich nations have stuck to pledges to phase out coal power despite the energy crunch in the wake of the Ukraine war but China's expanding…

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EU pushes to add Bulgaria, Croatia, Romania to free-travel zone

BRUSSELS, Nov 16 (Reuters) - The European Commission called on Wednesday for Bulgaria, Croatia and Romania to be admitted to the Ylva Johanssonarea to allow travel between these countries and…

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Euro zone financial stability risks on the rise, ECB warns

FRANKFURT, Nov 16 (Reuters) - Risks to the euro zone's financial stability are on the rise as the economy heads for a likely recession, the European Central Bank said on…

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EC chief says G7, NATO behind Ukraine for ‘as long as it takes’

NUSA DUA, Indonesia, Nov 16 (Reuters) - European Commission chief Ursula von der Leyen on Wednesday said G7 and NATO representatives at a meeting condemned brutal acts by Russia in…

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Euro zone banks could take big hit from inflation income drain, ECB says

Euro zone banks may see a surge in soured loans as rapid inflation and rising interest rates hit household incomes, particularly among the bloc's poorest, the European Central Bank said…

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UK set to join EU project helping swift military movements across Europe

BRUSSELS (Reuters) - European Union defence ministers paved the way on Tuesday for Britain to join an EU project aimed at facilitating the swift movement of troops and military equipment across Europe, as war…

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Europe must avoid over-reliance on China, says EU leader

Europe will engage with China but needs to "rebalance" the relationship to avoid becoming too reliant on the country for areas like innovative technology, European Council President Charles Michel said on…

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Euro zone Q3 GDP confirmed at 0.2% q/q, employment up as well

Euro zone gross domestic product grew by 0.2% quarter-on-quarter in the July-September period for a 2.1% year-on-year increase, Eurostat confirmed on Tuesday, while employment in the single currency area also…

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EU to tell U.N. summit it plans to raise climate target in 2023

The European Union is expected to announce plans at the COP27 summit on Tuesday to update its emissions-cutting target under the Paris climate change accord before next year's U.N. summit, a…

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ECB will probably keep raising rates beyond 2% level – Villeroy

The European Central Bank (ECB) will probably continue to raise interest rates beyond 2%, but "jumbo" rate hikes will not become a new habit, France's central bank chief said in…

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Energy crisis: MEPs back plans to boost the deployment of renewables

MEPs in the Industry, Energy and Research Committee shortened the maximum period to approve new installations from twelve to nine months, if located in the so-called "renewables acceleration areas". These…

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