BRUSSELS (Reuters) – EU leaders nominated Luxembourg’s Jean-Claude Juncker to be the next president of the European Commission on Friday, but the job is just one of several top posts to be filled as the EU overhauls its main institutions for the next five years.
Leaders are expected to hold another summit on July 16 or 17 to agree candidates for posts ranging from the foreign affairs chief to the powerful economics commissioner, with a view to getting them approved by the European Parliament before the Commission’s current term ends on Oct. 31.
BRUSSELS, June 27 (Reuters) – Ukraine signed on Friday an
historic free-trade agreement with the European Union that has
been at the heart of months of violence and upheaval in the
country, drawing an immediate threat of “grave consequences”
Georgia and Moldova signed similar deals, holding out the
prospect of deep economic integration and unfettered access to
the EU’s 500 million citizens, but alarming Moscow which is
concerned about losing influence over former Soviet republics.
BRUSSELS, June 26 (Reuters) – After months of upheaval,
Ukraine will complete a broad political and trade accord with
the European Union on Friday, making a historic shift away from
Russia and closer to the West.
The signing is a victory for pro-EU Ukrainians who drove
Russian-backed president Viktor Yanukovich from power after he
abandoned the pact last year in favour of cash from Moscow. New
President Petro Poroshenko hopes to bind the nation of 45
million to the European Union via the accord.
LONDON, June 24 (Reuters) – Multinational companies will not
be given too much power by a trade agreement between the
European Union and the United States, the EU’s trade chief said
on Tuesday, seeking to reassure consumer and environmental
groups opposed to the pact.
Washington and Brussels are negotiating the accord, the
world’ biggest, which would create a market of 800 million
people. But popular opposition to a deal is growing.
BRUSSELS, June 22 (Reuters) – Iraq will be foremost in
investors’ minds in the coming week as oil price risk has
returned to markets, complicating the task for central banks
whose policies are beginning to diverge for the first time since
the global financial crisis.
Oil prices neared nine-month highs late last week, touching
$115 a barrel, and the rapid advance of militants in Iraq, the
second-largest OPEC producer, is destabilising oil markets.
BRUSSELS, June 5 (Reuters) – The world’s leading
industrialised nations vowed on Thursday to seal a series of
free-trade deals that would radically change the shape of global
commerce despite rising popular opposition.
Leaders of the G7 committed themselves to eight far-reaching
accords that would encompass more than 80 percent of the world’s
economy but that effectively sideline China and Russia and have
met with protests, particularly in Europe.