BRUSSELS (Reuters) – The euro will appreciate at a record pace this year and continue to gain in value in 2014, the European Commission predicted, a spiral that could hamper the currency bloc’s export-driven recovery.
A stronger euro, which despite a recent slide is still up nearly six percent against the U.S. dollar in the last four months, makes the euro zone’s exports more expensive and could dampen the bloc’s recovery from its long recession.
BRUSSELS, Oct 25 (Reuters) – British Prime Minister David
Cameron pressed European leaders on Friday to scrap EU red tape
that London says is strangling small companies, but France
warned it would not accept changes that threatened workers, food
safety or the environment.
Backed by a perception that Brussels sets overbearing rules
on everything from the shape of bananas to high heels in
hairdressers, Cameron set out to tackle the grievances of
British Eurosceptics who complain the bloc’s rules are petty.
BRUSSELS (Reuters) – British Prime Minister David Cameron pressed European leaders on Friday to scrap red tape that London says is strangling small companies, but won from them only a vague commitment to lighten regulation.
Armed with a 60-page report and accompanied by prominent business leaders, Cameron set out to tackle the grievances of British Eurosceptics who complain the bloc’s rules are petty, pernicious and overbearing.
BRUSSELS (Reuters) – China and the European Union sought to mend ties on Thursday after narrowly avoiding a trade war this year, but the EU’s trade chief told Beijing to stop handing out state subsidies that Brussels says are illegal.
Europe is China’s most important trading partner and for the EU, China is second only to the United States, but the bilateral relationship has been bedevilled by a series of damaging trade rows ranging from steel and wine to solar panels.
BRUSSELS, Oct 23 (Reuters) – The European Parliament called
on Wednesday for U.S. access to a global financial database in
Belgium to be suspended due to concerns that the United States
is snooping on the European Union, not just combating terrorism.
EU lawmakers voted to freeze Washington’s ability to track
international payments because of suspicions that it has abused
an agreement giving it limited access to the SWIFT database.
LUXEMBOURG (Reuters) – European Union governments agreed on Friday to start talks with China to remove restrictions on foreign investment and set clearer rules on doing business after months of trade disputes over Chinese solar panels and EU wine.
The decision by trade ministers from the EU’s 28 member states means negotiations with China can start at a summit in Beijing on November 21, with the aim of sealing an investment agreement in the following two-and-a-half years.
BRUSSELS/LUXEMBOURG (Reuters) – The European Union and Canada agreed a multi-billion-dollar trade pact on Friday that will integrate two of the world’s largest economies and paves the way for Europe to clinch an even bigger deal with the United States.
Canadian Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso sealed the pact – the EU’s first with a member of the Group of Eight biggest world economies – by resolving outstanding issues in Brussels.
BRUSSELS, Oct 17 (Reuters) – Argentina is preparing to take
the European Union to the World Trade Organisation to challenge
punitive duties on its biodiesel exports, two people familiar
with the matter said on Thursday.
Argentina and the EU are embroiled in a row over the fuel,
made mostly from soybean oil, and Brussels accuses Buenos Aires
of using unfair subsidies to sell biodiesel at below cost in
Europe, imposing temporary levies on the imports in May.
BRUSSELS, Oct 17 (Reuters) – The European Union and Canada
are expected to close negotiations on a multi-billion-dollar
trade deal on Friday if they can overcome final disagreements
ranging from medicine patents to feta cheese and integrate two
of the world’s biggest economies.
Canadian Prime Minister Stephen Harper and European
Commission President Jose Manuel Barroso will meet at around
midday (1000 GMT) in Brussels to wrap up talks that were
launched in 2009 but which stalled early this year over demands
for greater access to each other’s markets.
LUXEMBOURG (Reuters) – EU finance ministers agreed on Tuesday to give the European Central Bank sweeping supervisory powers in the euro zone but Germany dug in its heels on how to deal with failing banks, the second stage in building a banking union.
The European Union ministers gave their final approval for the ECB’s regulatory role nearly 1-1/2 years after the idea was first floated, with Britain dropping opposition to a plan it feared might threaten its control of London’s financial centre.