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Modest EU growth expected

Business | Macro-economy and policy
2009-11-4

THE European Commission yesterday predicted that the European Union and eurozone would grow in 2010 at a modest rate of 0.7 percent. In May, it said the economies would likely shrink 0.1 percent in 2010. The...

EC floats idea for Internet copyright

World
2009-10-20

THE European Commission said yesterday it may revise copyright law to make it easier for companies like Google Inc to scan printed books and distribute digital copies over the Internet. Such changes would likely...

Rising confidence slows in European countries

Business | Macro-economy and policy
2009-9-30

A MONTHLY survey of EU and eurozone business and consumer confidence has found that in September it rose at the smallest pace since April, the European Commission said yesterday. The European Commission said its...

Antitrust chief seeks Opel aid proposals

Business | Automobile
2009-9-30

THE European Union antitrust chief yesterday urged EU countries with Opel plants to present details of their proposed state aid for the car maker to the European Commission as soon as possible. In a bid to protect...

Euro zone reported to be on cusp of recovery

Business | Macro-economy and policy
2009-9-15

THE euro zone is emerging from recession, the European Commission said yesterday even as it maintained a gloomy forecast for 2009 despite an improved outlook for the second half of the year. In its interim forecast,...

Dutch seeks more time on ABN assets sale

Business | Banking
2009-9-7

THE Dutch government has asked the European Commission for more time to reach agreement over the sale of some ABN AMRO assets to Germany's Deutsche Bank, the Dutch Finance Ministry said on Saturday. The Netherlands...

EU says banks could be fined for bonuses

Business | Banking
2009-7-14

EUROPEAN financial supervisors would be able to fine banks that give bonuses encouraging staff to take excessive risks under new rules proposed by the European Commission yesterday. The EU executive arm also suggested...

Confidence up in Europe but remaining low

Business | Macro-economy and policy
2009-6-30

EUROPEAN business and consumer confidence climbed for the third month in a row in June but still languished near its lowest point in two decades, the European Commission said yesterday. It said the main players...

EU cash pool to fight unemployment

Business | Jobs/human resources
2009-6-4

THE European Commission is making available 19 billion euros (US$27 billion) for EU governments to help combat unemployment this year and next year. It says governments can use the money to combat joblessness,...

Fire emergency at EU headquarters

World
2009-5-19

A FIRE sent dark smoke billowing from the executive floor of the European Commission headquarters in Brussels yesterday, and hundreds of workers and visitors were evacuated. The smoke was seen rising shortly after...