European Union

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New budget to save Greek economy: prime minister

AFP Global Edition 13 hours ago

The Greek socialist government tabled a budget on Friday to cut the public deficit to 9.1 percent of output and save the country's economy from the "emergency room," Prime Minister George Papandreou said. "We undertook the responsibility to take the country out ...

China's Wen welcomes new EU president post

AFP Asian Edition 13 hours ago

Chinese Premier Wen Jiabao on Friday congratulated the European Union for creating the new posts of president and foreign policy chief, calling it a "step forward" for EU integration. At a summit in Brussels, European leaders named Belgian Prime Minister Herman Van ...

Belgium EU Summit Top Jobs

AP News 13 hours ago

The EU's new foreign policy chief Catherine Ashton smiles as she addresses the media at the European Council building in Brussels, Thursday, Nov. 19, 2009. The EU leaders agreed on trade commissioner Catherine Ashton of Britain as the EU's new foreign policy ...

EU extends Oracle/Sun review deadline until Jan 27

AP News 15 hours ago

EU extends antitrust review of Oracle's Sun takeover until Jan 27 European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle Corp.'s planned $7.4 billion takeover of Sun Microsystems Inc. ...

Merck fertility drug gets European recommendation

AP News 15 hours ago

Merck fertility drug receives positive recommendation by European advisory committee Drug developer Merck & Co. said Friday a European advisory committee recommended approval for the company's fertility drug Elonva. The Committee for Medicinal Products for Human Use of The European Medicines Agency ...

EU names Belgian PM Van Rompuy as first president

Reuters US Online Report World News 15 hours ago

BRUSSELS (Reuters) - European Union leaders named Belgian Prime Minister Herman Van Rompuy, who is little known outside his own country, as the bloc's first president on Thursday to lead efforts to make it more influential on the world stage. They also ...

Berlin tells Emirates to raise prices: ministry

AFP Global Edition 16 hours ago

Dubai-based airline Emirates has been told by the German government to charge higher prices for certain business class flights out of Germany, a German transport ministry spokesman said Friday. Both the Financial Times and the Financial Times Deutschland reported Friday that German ...

Banks should lend more, curb 'undue' bonuses: ECB

AFP Global Edition 16 hours ago

Banks should step up their lending to support economic growth while taking steps to curb "undue" bonuses, European Central Bank head Jean-Claude Trichet said Friday. "Profits earned should be used -- as priority -- to build capital and reserves, rather than to ...

Ashton defends EU appointment

AFP European Edition 17 hours ago

Newly-appointed EU foreign policy chief Catherine Ashton rejected claims on Friday she lacks the experience to be the face of Europe abroad. Ashton was the surprise choice as Europe's 27 leaders shunned better-known names and plumped for her to be the bloc's ...

Europe names Belgian PM as first president

AFP Global Edition 18 hours ago

EU leaders picked little known Belgian Prime Minister Herman Van Rompuy as Europe's first president with a mission to give the continent a greater world profile. Catherine Ashton of Britain became the European Union's foreign policy supremo in the new team after ...

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