BRUSSELS, Dec 19 (Reuters) – The European Union launched a
case against Brazil at the World Trade Organization on Thursday
over Brasilia’s taxes on imports ranging from cars to computers,
but insisted the dispute should have no bearing on delicate
The European Union is Brazil’s biggest trading partner -
accounting for a fifth of its total exports – and both sides are
close to agreeing a far-reaching trade accord seen as crucial to
the South American nation’s emergence as a major world economy.
BRUSSELS, Dec 18 (Reuters) – Germany is standing firm
against the use of euro zone money to back a scheme for tackling
troubled banks, dousing hopes still harboured by its peers that
the bloc will unite behind lenders in difficulty.
More than five years since a financial crisis struck, Europe
is crafting its most ambitious reform since the launch of the
euro – an agency and fund to shut problem banks as soon as the
European Central Bank starts to police them next year.
BRUSSELS, Dec 16 (Reuters) – European negotiators, hoping to cut fuel bills,
will press their U.S. counterparts in Washington this week on including energy
exports in a transatlantic trade pact that aims to integrate two markets
accounting for half the world’s economy.
Bringing politically sensitive energy into the debate stands to complicate
talks spanning agriculture to finance, but the rewards could be big for the
European Union, where natural gas prices are around three times those in the
BRUSSELS (Reuters) – The European Union should stop funding Palestinian civil servants in the Gaza Strip because money is going to officials who do not work, European auditors said on Wednesday.
As the biggest aid donor to the Palestinian territories, EU taxpayers pay a fifth of the salaries of teachers, doctors and bureaucrats in the small coastal territory, which has been governed by the Islamist group Hamas since 2007.
BRUSSELS, Dec 9 (Reuters) – EU labour ministers gave initial
approval on Monday to tougher rules on employing cheap temporary
workers from eastern Europe and elsewhere, responding to
political unease at a time of record joblessness.
Ministers agreed to curtail abuses of European Union law
that enable companies to move cheaper, foreign workers from one
EU country to another, but which trade unions say prevent locals
from getting work.
BRUSSELS (Reuters) – Investors are sorely missing clarity on the world economy as the year draws to a close, and neither European finance ministers nor a new U.S. central bank president are likely to provide it.
Inconclusive data in the United States has given few clues as to when the Federal Reserve might bring its policy of easy money to an end, while markets are still waiting for the European Central Bank (ECB) to come to the euro zone’s rescue again with more than just another interest rate cut.