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EU and Russia agree to 'early warning' setup on energy cuts

Business | Energy
2009-11-17

THE European Union and Russia yesterday agreed to an "early warning" mechanism to shield Europe from potential energy supply cuts and protect consumers in the event of a repeat of last year's Russia-Ukraine gas dispute. ...

EU fines 10 firms for price fixing

Business | Lawsuits and scandals
2009-11-12

EUROPEAN Union regulators yesterday jointly fined Akzo, Ciba, Elf Aquitaine and seven others 173 million euros (US$259 million) for fixing the price of plastic additives. Ciba was fined 68.4 million euros, Akzo...

Thomson Reuters faces EC questions

Business | Lawsuits and scandals
2009-11-11

EUROPEAN Union anti-trust regulators launched an investigation yesterday into news and financial data publisher Thomson Reuters' use of its real-time market data feed, saying it might block users moving to rival...

EU firms remain committed to China

Business | Foreign investment
2009-10-30

EUROPEAN companies are confident of China's economic outlook and won't withdraw or reduce their investment in the country because of the global financial crisis, said Joerg Wuttke, president of the European Union...

EU approves UK plan to split off a 'bad bank'

Business | Banking
2009-10-29

THE European Union yesterday approved the British government's plan to split off a "bad bank" to take over shaky assets from bailed-out lender Northern Rock. It also approved the government rescue and nationalization...

EU investigates wetland crisis

World
2009-10-23

THE European Union has launched an investigation into a prized Spanish wetland that has turned bone dry through mismanagement of water resources and is now on fire underground, white smoke now rising from areas where...

EU makes progress to boost sales of music

Business | Advertisement/media
2009-10-22

THE European Union's top antitrust official Neelie Kroes yesterday described a deal among Apple Inc's iTunes, music companies, distributors and online licensing groups as a "great breakthrough" that would roll out...

Drug makers warned of antitrust probes

Business | Pharmaceuticals
2009-9-30

THE European Union's top antitrust official warned drug makers yesterday to "look out" for new investigations in coming months. EU Competition Commissioner Neelie Kroes said regulators were capitalizing on a recent...

EU wants transport to cut CO2 emissions

World
2009-9-28

AVIATION and shipping should cut their respective carbon dioxide emissions to 10 and 20 percent below 2005 levels over the next decade, the European Union is likely to propose at global climate talks this week. ...

EU imposes duties on aluminum

Business | Foreign trade
2009-9-25

THE European Union yesterday imposed five-year duties on aluminum foil imported from China, Brazil and Armenia over alleged dumping charges. The EU said the aluminum duties were up to 30 percent to punish Chinese...