European Union

Austria coalition government to expand direct democracy and curb immigration

The details of the Austrian coalition agreement between the conservative People's Party and the far-right Freedom Party have been revealed.<p>A cornerstone of the deal is to expand voter participation in legislative matters, making referendums more widely available, but it was agreed that a vote will …

Europe

Eurozone PMI Ends 2017 On A High Amid Record Manufacturing Growth

The eurozone economy is picking up further momentum as the year comes to a close, ending its best quarter since the start of 2011. The strong end to …

Economy

Far right party takes key posts in new Austrian government

<b>Austria has become the only western European country with a far-right party in government after the Freedom Party took key posts in a coalition …

Brexit

Europe's far-right leaders vow to create a united Europe without EU

<b>PRAGUE --</b> Far-right populists in Europe vowed Saturday to work together to create a new model of intercontinental cooperation that is far removed …

Geert Wilders

Britain’s New Path to Brexit

The choices now are ‘soft’ Brexit or major domestic reforms.<p>Britain and the rest of the European Union reached a milestone Friday with an agreement to open the next phase in negotiations over the U.K.’s departure. At last, Britain’s independent future is starting to take shape, but so are the hard …

Brexit

Spanish court allows extradition of 121 Taiwanese to China

MADRID (AP) — A Spanish court on Friday granted China's extradition request for 121 Taiwanese accused of belonging to Spain-based gangs that swindled people in China out of millions of euros by telephone.<p>Interpol told Spain about the scam a year ago, and Spanish and Chinese authorities cooperated …

China

EU Agrees to Move Forward to Next Phase of Brexit

December 15th, 2017, 4:47 PM UTC<p>European Union leaders will allow Brexit negotiations to move onto the next phase regarding trade as they agreed that …

Business

Spanish unity candidate seeks to heal Catalonia’s wounds

Michael Stothard in Barcelona<p>December 16, 2017<p>Inés Arrimadas sees herself as Catalonia’s staunchest defender of unity with Spain. For some …

Europe

Euro zone needs 19 healthy economies, not special budget - Dutch PM

BRUSSELS (Reuters) - The euro zone does not need a special budget to help deal with crises, but rather 19 healthy national budgets that can withstand economic shocks, Dutch Prime Ministers Mark Rutte will tell his fellow European Union leaders on Friday.<p>French President Emmanuel Macron has called …

Economy

The UK's Brexit negotiators may demand thousands of bottles of wine from the EU

• <b>Pro-Brexit MPs are pushing the government to try and get a share of the EU's wine collection.</b>• <b><br>UK negotiators will reportedly ask for 5,000 of the EU's 42,000 bottles.</b><p>Brexit is throwing up a whole host of thorny issues. How will European Union citizens living in the United Kingdom be affected? Will …

Brexit

EU set to focus on banking union, bailout fund in euro zone overhaul

BRUSSELS (Reuters) - European Union leaders will focus on trying to complete a banking union and expanding the job of the euro zone bailout fund when …

Greece

Far right to gather in Prague amid fears of rising Czech populism

France’s Marine Le Pen among guests at conference likely to be met with protests as rightwing sentiment in country grows<p>European far-right leaders including Marine Le Pen and Geert Wilders will gather in Prague this weekend for a controversial conference likely to be met with protests from groups …

World Politics

The Euro Zone Needs More Than a New Roadmap

It will take European capitals, not plans from Brussels, to reform monetary union.<p>When the European Council meets Thursday and Friday, one document for discussion will be the European Commission's new plan for the future of monetary union. Many of the ideas are not so much innovative as useful. …

Greece

U.K.'s May Disappointed By Parliament Defeat on Brexit

December 14th, 2017, 5:17 PM UTC<p>U.K. Prime Minister Theresa May is in Brussels for a European Union summit following an embarrassing defeat on her …

Business

European Union leaders give final clearance for Brexit negotiations with Britain to enter second phase involving trade

BRUSSELS – European Union leaders give final clearance for Brexit negotiations with Britain to enter second phase involving trade.

Brexit

CFTC Staff Issues Interpretive Guidance Clarifying Commodity Trading Advisor Registration Requirements Resulting from the European Union’s MiFID II Research Compensation Provisions for Investment Managers

On December 11, at the request of the Futures Industry Association (FIA), the Commodity Futures Trading Commission’s Division of Swap Dealer and …

Law

Merkel says she wants joint Franco-German stance on euro reform by March

German Chancellor Angela Merkel said on Friday (December 15) that she planned to develop a common stance with France on how to reform the euro zone by March.<p>"I spoke yesterday with the French president about bringing together our positions by March," Merkel said at the end of a two-day summit of …

Angela Merkel

Luxembourg appeals $295 million EU Amazon ruling

BRUSSELS – Luxembourg is appealing a European Union decision that it has to claw back some 250 million euros ($300 million) in back taxes from Amazon.<p>The EU decision in October was another attempt to tighten the screws on multinationals it says are avoiding taxes through sweetheart deals with …

Brexit

EU not in rush to reform euro zone as economy performing: Lithuanian president

BRUSSELS (Reuters) - The European Union is not under pressure to make quick changes to the way the euro zone works because the economy is doing well, …

World Economy

Why Tirana, once one of Europe’s dreariest cities, is now worth a visit

“UNCLE ERI! Uncle Eri!” shout gaggles of small boys who rush to high-five Erion Veliaj, the 37-year-old boss of Tirana, Albania’s capital. He has …

Economics

Indonesia wins trade dispute on fatty alcohols with EU

Indonesia has won a dispute regarding antidumping duties on fatty alcohol exports with the European Union, based on a World Trade Organization’s …

Indonesia

No changes to ECB monetary policy

The European Central Bank has left interest rates and massive support for the eurozone economy unchanged, despite sharp upgrades to the bank's growth …

Economy

Merkel, Macron: We ‘want’ joint eurozone vision by March

French President Emmanuel Macron and German Chancellor Angela Merkel said Friday they aim to reach a common position on eurozone reform by March of …

Angela Merkel

European Council (Art. 50) guidelines for Brexit negotiations, 15 December 2017

Your request will be handled by the Press Office of the General Secretariat of the Council in accordance with the provisions of Regulation (EC) No …

Brexit

EU countries set to sign defence pact 70 years in the making

European Union nations are set to achieve a 70-year-old ambition to integrate their defences on Thursday, signing a pact between 25 EU governments to fund, develop and deploy armed forces together after Britain's decision to quit the bloc.<p>First blocked by the French parliament in the 1950s and …

Brexit

Mogherini: No Alternative to Two-State Solution

European Union High Representative Federica Mogherini has said that the EU was making efforts to start new negotiations between Israel and the …

Middle East

Euro zone businesses end 2017 on near seven-year high, PMIs show

LONDON, Dec 14 - Businesses across the euro zone are ending 2017 on a near seven-year high, a survey showed on Thursday, with demand picking up along …

Economy

EU distances itself from Trump with comment on Jerusalem

A European Union leader says leaders of the 28-nation bloc have reiterated their "firm commitment" to a two-state solution for Israel and the …

Israel

Euro zone yields steady with ECB expected to downplay #Euroboom

* ECB to keep taps open while China, U.S. tighten policy<p>* German 10-year yields unchanged at 0.31 pct, near lows<p>* South European yields rise ahead of Spanish auction<p>* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr<p>By Abhinav Ramnarayan<p>LONDON, Dec 14 (Reuters) - High-grade euro zone …

Economy

World Sailing facing breach of EU antitrust law

<b>World Sailing could be forced to re-write their competition rules following a ruling by the European Commission on restrictive penalties.</b><p><b>A legal</b> …

Antitrust Laws