Government Business And Finance

OPEC agrees to pump more oil but crude prices jump anyway

Jun 22, 2018

The OPEC oil countries have agreed to increase their production by almost 1 million barrels a day. Analysts say the move should help contain the recent rise in global energy prices.

EU imposes tariffs on US peanuts, motorcycles and whiskey

Jun 22, 2018

The European Union is enforcing tariffs on $3.4 billion in U.S. products as of Friday in retaliation to duties the Trump administration has put on European steel and aluminum

EU to tax Harleys, bourbon and other US goods from Friday

Jun 20, 2018

The European Union will start imposing duties on a list of U.S. products as of Friday in response to President Donald Trump's decision to slap tariffs on steel and aluminum imports from Europe

EU tells Luxembourg to recoup back taxes from French firm

Jun 20, 2018

The EU's state aid watchdog is ordering Luxembourg to recover 120 million euros in unpaid taxes from French electricity provider Engie

EU extends sanctions against Russia for a year over Crimea

Jun 18, 2018

The European Union has extended sanctions against Russia for a year over its annexation of Ukraine's Crimean Peninsula in 2014

Cyprus approves Hellenic Bank buyout of Cooperative Bank

Jun 15, 2018

The finance minister of Cyprus says the government has approved Hellenic Bank's multibillion-euro takeover offer for the troubled Cooperative Bank

Europe, Fed moves show global shift away from cheap money

Jun 14, 2018

Two of the globe's most powerful central banks are gradually withdrawing the easy money policies that helped repair the damage of the Great Recession.

The Latest: European Central Bank says euro 'irreversible'

Jun 14, 2018

In a dig to populist politicians who question the euro, the head of the European Central Bank says the shared currency is irreversible

EU ready to fund some projects to speed military deployments

Jun 11, 2018

The European Union could make billions of euros available to upgrade bridges and roads so its member countries and NATO are able to rapidly deploy troops in times of crisis, an EU official said Monday

Italy's economy minister insists abandoning euro not planned

Jun 10, 2018

Italy's new economy minister insist the populist government doesn't have plans to leave the eurozone

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