BRUSSELS/BEIJING (Reuters) – China and the European Union defused their biggest trade dispute by far on Saturday with a deal to regulate Chinese solar panel imports and avoid a wider war in goods from wine to steel.
After six weeks of talks, the EU’s trade chief and his Chinese counterpart sealed the deal over the telephone, setting a minimum price for panels from China near spot market prices.
BRUSSELS/BEIJING, July 27 (Reuters) – China and the European
Union reached a deal on Saturday to defuse a multi-billion euro
dispute over Chinese solar panels that threatened a wider trade
After six weeks of talks, the EU’s trade chief and his
Chinese counterpart sealed the deal over the telephone, setting
a minimum price for panels from China near spot market prices.
BRUSSELS (Reuters) – The number of Europeans who distrust the European Union has doubled over the past six years to a record high, with bailed-out Greeks and Cypriots having the least faith in the bloc, according to a new EU poll.
An economic crisis, record unemployment and five euro zone bailouts have taken their toll on the standing of the European Union that last year was awarded the Nobel Peace Prize but is increasingly viewed as an overbearing, cumbersome bureaucracy.
BRUSSELS (Reuters) – Beijing’s envoys have agreed central elements of a deal with the European Union that may yet avert punitive duties on Chinese solar panels that the bloc plans to impose next month, Chinese and European sources said on Wednesday.
The conflict, the biggest trade dispute between the European Union and China, has prompted Beijing to threaten duties on European wine exports and risks sparking a trade war or creating barriers to EU companies trying to expand in China.
BRUSSELS (Reuters) – The EU’s top economics official issued a strong defense of the ‘troika’ of international lenders on Thursday, saying the monitoring team was essential to restoring euro zone credibility.
The comments to Reuters by Economic and Monetary Affairs Commissioner Olli Rehn followed calls by one of his peers for the ‘troika’ to be disbanded.
BRUSSELS (Reuters) – The euro zone will embrace Latvia as its newest member from next year, eager to show that the bloc is not disintegrating despite doubts about southern Europe’s ability to overcome more than three years of crisis.
Finance ministers from the full 28-nation European Union set Latvia’s exchange rate at 0.702804 lats to one euro, an irrevocable conversion that cements the country’s shift away from Russia two decades after the fall of the Soviet Union.
BRUSSELS (Reuters) – A rift in Europe over how best to control its banks has raised a question mark over how far the bloc is willing to go in setting up a new agency to shut stricken banks.
The European Commission, the EU executive, will outline its blueprint for an agency to close or salvage troubled banks on Wednesday – the second pillar of a so-called banking union, chiefly in the euro zone.