• Mon
  • Apr 21, 2014
  • Updated: 1:26pm

European Union

France's growth push sets up showdown with Brussels

There is, after all, hope for France and Italy, the two main reform laggards in Europe's single-currency area.

Friday, 4 April, 2014, 5:25am

High minimum wage kills jobs and makes poor worse off

US President Barack Obama set the chattering classes abuzz after his unilateral decision to raise the minimum wage for newly hired federal contract workers.

1 Apr 2014 - 3:21am 7 comments

Perils of Ukraine’s revolution

At a time when cynicism and scepticism about European integration are at a record high, the drama unfolding in Ukraine is a salutary reminder that the values of freedom, democracy and the rule of law remain a beacon of hope to many in post-Soviet Eastern Europe.

28 Feb 2014 - 5:12am

Fed subjects big foreign banks to same standards as US ones

The United States Federal Reserve adopted a tight new rule for foreign banks on Tuesday to shield the US taxpayer from costly bailouts, ceding only minor concessions despite pressure from abroad to weaken the rule.

20 Feb 2014 - 12:52am

Shipping lines say proposed EU emissions rules will hamper their operations

Shipping lines are fighting a new environmental regulation that they said will not only lead to stringent control over their operations but will also pave the way for a carbon trading policy resembling the one that sparked controversy in the aviation sector.

29 Nov 2013 - 1:13am

EU trying to close 'letter-box subsidiary' tax loophole

The European Commission will attempt to close a loophole that allows companies to cut their tax bill, a top official said on Monday, but the EU executive will first need to persuade member countries to back the change.

The commission wants rules to prevent companies setting up “letter-box subsidiaries” in countries solely to qualify for a softer tax regime and cut their bill.

26 Nov 2013 - 9:20am

China and Europe make up after averting subsidy row

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 said were illegal.

26 Oct 2013 - 1:24am

EU revives emissions charging plan

The European Union on Wednesday revived a proposal to charge foreign airlines for emissions over European airspace, drawing the ire of airline groups which say it goes against the spirit of a recent global aviation deal and could reignite trade tensions.

18 Oct 2013 - 4:31am

Euro zone’s queasy feeling as it looks in Japan mirror

Monetary policy that cannot get traction; weak banks that cannot or will not lend; an economy trapped in a twilight world of low growth, haunted by the spectre of deflation.

If this combination sounds familiar, that’s because it is.

11 Jul 2013 - 1:38pm

IMF says ’imperative’ for euro zone to revive growth

The euro zone must take coordinated action to revive economic growth, the International Monetary Fund (IMF) said in a strongly worded statement that cited the need to repair bank balance sheets, advance a banking union and support demand.

9 Jul 2013 - 10:42am