European Union News

London shares rallied for a second straight session amid hopes that a summit of EU leaders will make headway on the region’s debt crisis this week. Reports that China plans to speed up the approval of infrastructure construction projects in order to impr

The forecasts by the Paris-based Organisation for Economic Co-operation and Development assume Athens fully implements a European Union/International Monetary Fund plan of reforms under a 130 billion euro rescue package to make its economy more competitive

"We all have the duty to form a strong front of the forces that want Greece to be an active and strong member of the European Union and the eurozone," she said. Separately, another two pro-European and pro-bailout parties that missed the 3 percent Parliamentary

its borrowing costs and would lessen pressure for heavily indebted countries to get their finances in order. Leaders of the 27 European Union countries will hold an informal meeting in Brussels on Wednesday, followed by a summit at the end of June at which

domestic demand, a move that could help its euro zone partners export more and recover a little. Germany's largest industrial union IG Metall agreed to a 4.3 percent pay rise on Saturday, giving 3.6 million car and engineering industry workers their biggest

-- The European Union said Monday that Google must in "a matter of weeks" outline steps it is willing to take to ease concerns about alleged abuses of its dominant position in the online search market. European antitrust chief Joaquin Almunia said that after

traders may be getting their hopes up on stories that euro bonds will make an appearance on the agenda at this Wednesday’s European Union summit, but given Germany’s resolute opposition to such a move this may be wishful thinking and any gains short lived,”

- Seoul is seeking an exemption from a European Union embargo that would effectively halt shipments of Iranian oil to South Korea from July 1, officials said on Tuesday. The EU decided in January to enforce a full embargo on Iranian crude as part of efforts

Tokyo shares ended 1.10% higher Tuesday, tracking a rally on Wall Street and in line with Asian markets ahead of a European Union summit focusing on debt-hit Greece. The Nikkei 225 index at the Tokyo Stock Exchange gained 95.40 points to close at 8,729.2

Please activate cookies in order to turn autoplay off Financial markets are expected to open higher in optimism that leaders can make progress in Brusses tomorrow Alexis Tsipras, leader of Greece's Syriza party, is heading to Berlin today to rally support