European Union

Brexit trade talks will be more complicated than first phase, says Merkel

German chancellor upbeat on progress of divorce talks but cautions that next stage of negotiations will be ‘a bit more difficult’<p>The next phase of Brexit negotiations on trade will “undeniably” be more complicated than the divorce talks, Angela Merkel has said as the European Union prepares to …

Brexit

Brexit has to all intents and purposes already happened – we’re being erased from the diplomatic map

Over the four weeks that have passed since Theresa May’s Florence charm offensive, the only noticeable advance on the Brexit front has been in the …

Brexit

EU leaders want to 'responsibly' cut Turkey pre-accession aid - Merkel

BRUSSELS (Reuters) - The human rights situation in Turkey is unacceptable, German Chancellor Angela Merkel told reporters on Thursday, adding European Union leaders had asked their executive arm to look at cutting pre-accession aid to Ankara in a “responsible way”.<p>Merkel urged her fellow leaders on …

Turkey

Jeremy Corbyn tells Theresa May and EU leaders to stop posturing

Labour leader uses speech in Brussels to call on both sides to take steps together to end impasse in Brexit negotiations<p>Jeremy Corbyn has called on both Theresa May and EU leaders to stop posturing and take steps together to build a new relationship, during a speech in Brussels.<p>The Labour leader, …

Brexit

After Catalans, Italian regions step up autonomy call

As Catalonia demands independence and Spain clamps down, Roberto Maroni is watching closely from his 35th floor office in Milan.<p>Mr Maroni is …

Europe

The Czech Republic's Trump is in the lead for Prime Minister

Dubbed the "Czech version of Trump" by Forbes, the wiry, grey-haired, Slovak-born farming, media and chemicals mogul is the Czech Republic's second-richest man.<p>Andrej Babis set up the populist ANO (Yes) party in 2011 as a political outsider determined to lure voters with promises of clean politics …

Czech Republic

Head of Germany's FDP offers Macron 'bittersweet' euro zone deal

BERLIN (Reuters) - A leading candidate to be Germany's next finance minister signaled his willingness on Thursday to seek a compromise with Emmanuel Macron over the French President's plans for deeper euro zone integration.<p>Christian Lindner, who leads the Free Democrats (FDP) party negotiating to …

World News

‘They don’t have a choice:’ Dion on why Europe must accept immigration

The question of how to deal with waves of migrants and refugees in Europe comes up almost as often as the matter of dealing with U.S. President …

Europe

The Only Fed Rule Is That There Are No Fed Rules

Monetary policy is too much of a political balancing act to burden it with a strict template.<p>One of the most frequent recommendations for monetary policy is that the Federal Reserve should be subject to a rule. Milton Friedman proposed money-supply-growth rules in the 1970s, and since then we have …

Business

Weak and exposed, PM faces humiliation

Brexit

Ukraine passes long-delayed health reforms praised by West

KIEV: Ukrainian lawmakers voted through a long-delayed overhaul of the health system on Thursday that the state's Western backers say will raise …

Ukraine

Euro zone must seek convergence of living standards: Commission

BRUSSELS (Reuters) - Wealthier and poorer euro zone countries must equalize their living standards if the single currency is to retain political …

Economics

ECB to gently trim asset buys in delicate messaging act - Reuters poll

BENGALURU (Reuters) - The European Central Bank will say on Oct. 26 it will start trimming its monthly asset purchases to 40 billion euros from 60 …

Economy

Italian regions of Lombardy and Veneto to vote on autonomy

As the Catalan crisis continues to rattle Spain, we turn our attention to Italy. On Sunday, 16 million Italians in the northern Lombardy and Veneto regions will vote in a non-binding referendum on greater autonomy from Rome. Since the 1990s, the battle for independence in these regions has been a …

European News

Spain vows direct rule of Catalonia

Fear, anger and anxiety heightened on both sides of a secession divide as the Spanish government vowed Thursday to take the unprecedented step of …

Spain

Suspecting Russian Meddling in ‘Brexit’ Vote, Lawmaker Seeks Inquiry

LONDON — An opposition lawmaker called on the British government on Thursday to investigate suspicions of Russian interference in Britain’s referendum on quitting the European Union, adding that there were “questions” about Arron Banks, one of the chief financial backers of the leave …

World News

EU demands Israel pay for demolishing illegal buildings

The European Union is demanding that Israel compensate it for demolishing Arab buildings that were illegally built in Area C, which is under full …

Israel

Why the European Union's hands are tied over Catalonia

In recent weeks, the dispute over Catalonia’s quest for independence from Spain has captivated the attention of many parts of the world.<p>There is …

Brexit

EU calls on Israel to stop plans for new West Bank settlements

BRUSSELS - Israel must halt new building plans for settler homes in the West Bank, the European Union's foreign service said in a statement on …

Israel

Spain still wants to host EU agency in Catalan capital

But Spain's candidate city is Barcelona, the capital of Catalonia, which is the stage of a deep ongoing political conflict.<p>On Thursday, Catalan …

European News

Housing Markets: A European Perspective

Americans are all-too-familiar with issues in the US housing market: fluctuations in housing prices, along with problems of affordability and even …

Housing

Russia's Economic Lost Chance

In the fall of 1992, Russia was just starting on its path of economic transformation.<p>For 75 years, the Soviet Union had built an economic system …

European News

EU to ease tensions with Turkey despite Merkel's tougher stance

BRUSSELS (Reuters) - After months of verbal jousting with Turkey, European Union leaders will take a more conciliatory stance towards Ankara at a summit on Thursday, although some still want to cut aid linked to Turkey’s stalled EU membership bid.<p>German Chancellor Angela Merkel promised the debate …

Turkey

Switzerland agrees to share tax information on multinationals

ZURICH (Reuters) - Switzerland said on Wednesday it would start sharing information on the activities of multinationals in its territory with other countries in 2020, joining an international push to fight tax evasion.<p>The new measures will force about 200 large companies in the low-tax haven to …

Economics

Transition troubles loom for Brexit Britain

Heading into this week’s EU summit, Theresa May has made a transition deal her top Brexit priority.<p>But even as her fellow leaders consider the issue …

Brexit

Italian PM says EU bad loan measures must not hamper lending

BRUSSELS (Reuters) - Italy's Prime Minister will seek assurances from EU authorities that its banking system will not face "inappropriate measures" …

World Economy

EU unveils measures to tackle low-tech attacks

The European Union on Wednesday unveiled new measures to help counter deadly low-tech attacks following a spate of killings in major cities by …

Business

ECB chief: Market reforms must promote growth for all

FRANKFURT, Germany – European Central Bank head Mario Draghi says governments must ensure that pro-business reforms create economic benefits for everyone if the changes in worker protections are to find acceptance.<p>Draghi said in a speech Wednesday that a perception that growth isn't benefiting …

Economy

[Ticker] New toxic incident in EU building ahead of summit

Opinion<p>The unbearable lightness of leadership<p>Today, 12:04<p>Politicians and civic leaders need a new sense of optimism if they are to avoid mere …

European News

Europe's leaders urge Brexit clarity: 'We need to know what the UK wants to do'

Europe's leaders have revealed frustrations about Theresa May's Government's approach to Brexit, claiming there is a lack of clarity as a result of divisions within her administration.<p>Antonio Tajani, European Parliament president, said the situation was "not good" and "we need to know what the UK …

Brexit