Euro zone likely heading into mild recession
Euro zone business activity declined for a fifth month in November, suggesting the economy was sliding into a mild recession as consumers cut spending amid surging inflation, a survey showed.
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Italy urges EU subsidy package in response to U.S. IRA scheme
Italian Economy Minister Giancarlo Giorgetti on Monday called for a common European Union approach to support competitiveness and protect strategic production, in response to the massive subsidies in the United ...
Greece, Britain discussing Elgin Marbles return but deal not close
The Greek government on Monday quashed local media reports that a deal with Britain over the repatriation of the Parthenon Sculptures to Athens was imminent but said the two sides ...
Emotions run high as Brussels bombing trial opens
The largest trial in Belgian history kicked off on Monday with 10 men accused of involvement in Islamist suicide bombings in Brussels in 2016 that killed 32 people and injured over 300.
Set to ...
Turkey says it wants more extraditions from Sweden
Sweden’s extradition to Turkey last week of a Kurdish man with alleged terrorism links is a “good start”, but Stockholm needs to do more before Ankara can approve its ...
Germany’s Scholz: We must avoid dividing world into Cold War-style blocs
German Chancellor Olaf Scholz warned against creating a new Cold War by dividing the world into blocs and called for every effort to be made to build new partnerships, writing ...
What European companies are doing as workers face high inflation
Companies across Europe are offering one-off bonuses and renegotiating wages as surging inflation raises food and energy bills for staff over the winter.
Here are some examples by sector:
AUTOS, ...
EU to adapt state aid schemes in response to U.S. subsidy package
The EU will adapt its state aid rules to prevent an exodus of investment triggered by a new U.S. green energy subsidy package, the bloc’s chief executive said ...
US Chamber of Commerce warns against draft EU plan to exclude non-EU cloud vendors
The US Chamber of Commerce and 12 other groups on Thursday warned the European Union against adopting rules that could exclude Amazon (AMZN.O), Alphabet (GOOGL.O) unit Google, Microsoft (MSFT....
France to release 5 bln euros of SDRs to vulnerable countries under G20 programme
France will release some 4 billion International Monetary Fund (IMF) Special Drawing Rights (SDRs), worth about 5 billion euros to the world’s most vulnerable countries under a G20 programme and expects ...
White House welcomes EU progress on Russian oil price cap
The White House on Friday welcomed news that the European Union was “coming together” on a $60 per barrel price cap on Russian seaborne oil, and said it remained convinced that ...
Julian Assange appeals to European court over US extradition
WikiLeaks’ founder Julian Assange, who is battling extradition from Britain to the United States where he is wanted on criminal charges, has submitted an appeal to the European Court of ...
Ukrainian embassies receive ‘bloody packages’ containing animal eyes
Ukraine’s embassy in Madrid received a parcel containing animal eyes on Friday, the latest in a series of similar “bloody packages” sent to its diplomatic missions across Europe, Ukrainian ...
EU Commission approves €373 million for Cyprus strategic agriculture plan
The EU Commission on Friday approved the strategic plans of the Common Agricultural Policy (CAP) for Cyprus and Italy, worth €373 million and €26.61 billion respectively. Of the total EU budget for ...
Niger president calls for job-based immigration quotas in Europe
Niger’s President Mohamed Bazoum said in an interview with an Italian newspaper on Friday that African and European states should agree quotas for African immigrants tailored to employment needs.
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Hungary still opposed to “job killing” global minimum tax, Orban says
Hungary remains opposed to a global minimum corporate tax rate, Prime Minister Viktor Orban told public radio on Friday, citing concern over jobs in the central European country, which has ...
US, France present united front to hold Russia to account on Ukraine
The presidents of the United States and France said they would hold Russia to account for its actions in Ukraine and the European Union reached tentative agreement on an oil ...
US embassy latest target in spate of letter bombs in Spain (Update)
Bomb disposal experts defused a letter bomb at the US Embassy in Madrid on Thursday, the sixth such device sent to high-profile targets in a wave that prompted Spain to ...
Russia’s Lavrov says U.S. and NATO are direct participants in Ukraine war
Russian Foreign Minister Sergei Lavrov said on Thursday that the United States and NATO were direct participants in the Ukraine war because of their support to Kyiv and defended Moscow’...
French baguette gains place on World Cultural Heritage list
The humble baguette, France’s staple bread, made it onto the United Nation’s cultural heritage list on Wednesday, drawing delighted responses from French bakers and non-bakers alike.
Paris-based U....
EU seeks tribunal to probe possible Russian war crimes in Ukraine
The European Union will try to set up a specialised court, backed by the United Nations, to investigate and prosecute possible war crimes committed by Russia in Ukraine, European Commision ...
Sweden, Finland and Turkey have made progress on NATO membership, Sweden says
Sweden and Finland have made good progress towards an agreement with Turkey on the Nordic countries’ admission to NATO, Swedish Minister for Foreign Affairs Tobias Billstrom said.
“We had a ...
Earthquake rattles Greece, felt in Athens
An earthquake with a preliminary magnitude of 5.0 shook central Greece on Tuesday and was felt as far as Athens, according to witnesses, but there were no immediate reports of casualties ...
ECB warns of losses as it pays price for decade of money printing
The European Central Bank warned on Tuesday that it might make a loss as high inflation forces it to raise interest rates and foot the bill of a decade of ...