Spain to push for proposed India-EU trade pact

Last Updated: Monday, February 2, 2015, 20:03

Spain on Monday said it will try to persuade European Commission (EC) to show flexibility while negotiating the free trade agreement with India as the pact is "crucial" for the future of the grouping.

Mobile roaming fees should remain until 2018: EU document

Last Updated: Wednesday, January 28, 2015, 02:15

Mobile operators such as Vodafone and Orange would be allowed to continue levying roaming charges over the next three years, according to an EU document, defying European lawmakers` proposal to scrap the fees by the end of this year.

German regulator hails EMA's drugs suspension on GVK Bio data

Last Updated: Saturday, January 24, 2015, 13:34

German drug regulator has welcomed the European Medicine Agency's (EMA) decision to suspend the marketing authorisation of around 700 generic drugs subjected to clinical trials by India's GVK Biosciences.

Cyprus Airways shuts down after EU order on state aid

Last Updated: Saturday, January 10, 2015, 11:11

Cypriot national airline, Cyprus Airways was shut down following a European Commission ruling Friday that the company had illegally received state aid.

EU's Juncker solicits 'hard cash' for investment plan

Last Updated: Wednesday, December 17, 2014, 18:21

European Commission head Jean-Claude Juncker urged leaders on Wednesday to contribute generously to a new EU investment plan but member states seem determined to wait for now.

EU wasted 38 mn euros on 'ghost airports'

Last Updated: Tuesday, December 16, 2014, 23:40

The European Union has wasted tens of million of euros on out-of-the-way, underused airports, an auditors` report said Tuesday.

EU says working to keep Greece 'firmly' in the eurozone

Last Updated: Monday, December 15, 2014, 19:02

The EU said Monday its sole aim for Greece is to keep the twice-bailed out country firmly in the eurozone, as Athens battles hostile financial markets spooked by the possibility of early elections.

EU's Juncker on defensive as new 'LuxLeaks' drag in Disney

Last Updated: Wednesday, December 10, 2014, 18:32

EU Commission chief Jean-Claude Juncker was back under the spotlight Wednesday after new revelations showed Disney, Microsoft and Koch Industries got bumper tax deals from Luxembourg when he was prime minister.

One-million-name petition against US trade deal handed to EU

Last Updated: Tuesday, December 9, 2014, 23:06

Campaigners handed the EU a petition signed by more than 1.1 million people against a huge trade deal with the United States on Tuesday, saying it could override local laws and is too secretive.

EU draws up 1.3 trillion-euro wish list to revive economy

Last Updated: Monday, December 8, 2014, 23:22

The European Union has drawn up a wish list of almost 2,000 projects worth 1.3 trillion euros ($1.59 trillion) for possible inclusion in an investment plan to revive growth and jobs without adding to countries` debts.

EU says new energy sources crucial after South Stream

Last Updated: Tuesday, December 2, 2014, 18:05

The sudden announcement by Russia that it will shelve the huge South Stream gas pipeline project shows the need for the EU to find new energy sources, European Commission vice president Kristalina Georgieva said Tuesday.

EU`s Juncker says Luxembourg `had no choice` on tax

Last Updated: Friday, November 28, 2014, 18:48

Juncker has previously said that the deals were done by Luxembourg tax authorities and had nothing to do with the government, in which he held the post of finance minister as well as premier.