EU approves $13.4 billion GE's Alstom buyout

Last Updated: Tuesday, September 8, 2015, 23:26

The EU announced Tuesday it had approved a deal under which US giant General Electric will acquire the energy business of French company Alstom for 12 billion euros (USD 13.4 billion), after Alstom agreed to sell some assets to an Italian rival.

EU regulators have approved GE-Alstom deal: Source

Last Updated: Monday, September 7, 2015, 23:00

The European Union has approved a deal under which General Electric will acquire the energy business of French company Alstom for USD 12 billion, a source close to the transaction said Monday.

EU loses 168 billion euros in sales tax fraud, errors

Last Updated: Friday, September 4, 2015, 22:40

EU countries lost 168 billion euros (USD 187 billion) in sales-tax revenue in 2013 mostly due to fraud and errors, the European Commission said on Thursday.

ECB faces inflation headache even as lending bounces

Last Updated: Thursday, August 27, 2015, 19:22

Lending to euro zone firms grew at the fastest pace since early 2012 last month but the European Central Bank may still come under pressure to ramp up its stimulus measures as falling oil prices and a slowdown in China curb inflation.

Greek PM faces revolt after eurozone approves huge bailout

Last Updated: Saturday, August 15, 2015, 19:15

Greek Prime Minister Alexis Tsipras was Saturday battling a major revolt amongst members of his radical-left party who oppose the third huge bailout for the crisis-hit country.

Greek lawmakers back 3rd bailout after all-night debate

Last Updated: Friday, August 14, 2015, 15:43

Greek lawmakers approved their country's draft third bailout in a parliamentary vote on Friday that relied on opposition party support and saw the government coalition suffer significant dissent.

Greece will tumble back into deep recession in 2015: EU

Last Updated: Wednesday, August 12, 2015, 18:30

The Greek economy, which crawled out of a six-year recession only in 2014, will shrink 2.3 percent in 2015 and another 1.3 percent in 2016, the sources said.

Greek PM Alexis Tsipras confident of loan support as EU states scrutinise bailout

Last Updated: Wednesday, August 12, 2015, 18:23

Greek Prime Minister Alexis Tsipras on Wednesday said he was confident his debt-crippled nation would secure loan support from a third international bailout heading for parliamentary approval this week.

Greece's third bailout agreed 'in principle'

Last Updated: Tuesday, August 11, 2015, 19:50

"What we don't have is a political agreement," said Commission spokeswoman Annika Breidthardt, hours after Athens suggested that the deal was all but done.

Greece to cut MP tax breaks, minister salaries: Tsipras

Last Updated: Monday, August 10, 2015, 20:41

"The political system must be responsive to the feelings of society," Tsipras told ministers according to a government note.

Drug ban not trade related, hopeful of solution: EU

Last Updated: Friday, August 7, 2015, 21:37

The EU Friday defended the banning of around 700 generic drugs tested by India's GVK Biosciences, asserting it was based on "scientific and not trade considerations" and voiced hope that a solution will be found after India deferred FTA talks with the bloc over the issue.

EU hopes FTA talks with India will resume soon

Last Updated: Friday, August 7, 2015, 20:26

The European Union has expressed the hope that negotiations with India on a Free Trade Agreement (FTA) will resume soon, and any difficulties on its path will be overcome.