City Brussels Financial News

22.12 / 21:23

Technology Prison hearing Centre MEP at centre of Qatargate scandal held in prison for another month after court hearing

Greek MEP Eva Kaili is to be held in detention for another month, after after a ruling by a court in Belgium.

21.12 / 18:19

European Union 'Drain the swamp': Orban calls for European Parliament to be dissolved

Russia's full-scale invasion in Ukraine "only had losers so far", Hungary's prime minister said on Wednesday, stating that "both sides and the European economy" have all taken a hit from Moscow's aggression and using the opportunity to blast Brussels for the sanctions once again.

19.12 / 21:23

European Union Deal 'Deal': EU green lights first-ever cap for gas prices in bid to tackle energy crisis

After months of political bickering that has seen a dizzying succession of draft proposals, joint letters, emergency meetings and increasingly exasperated statements, the European Union on Monday approved the first-ever cap on gas prices.

17.12 / 00:23

European Union Workers strike across Europe calling for higher wages amid rising inflation

Over 15,000 demonstrators braved the bitter cold in Brussels on Friday to call for more measures to shield them from high energy prices and better pay to counter runaway inflation.

16.12 / 15:29

Technology boost EU membership: Boost for Bosnia as Sarajevo given 'candidate status' to join the bloc

Brussels added Bosnia and Herzegovina (BiH) to the list of official candidates to join the European Union on Thursday, ending a six-year wait since the small Balkan country filed its membership application to the 27-nation bloc.

16.12 / 00:27

Technology European Union EU approves ninth round of sanctions against Russia

European Union ambassadors on Thursday evening approved a ninth round of sanctions against Russia as leaders gave their green light to an €18 billion aid package for Ukraine.

15.12 / 19:43

Corruption scandal: MEPs vote to suspend Qatar access to EU Parliament and halt related legislation

Members of the European Parliament voted on Thursday to suspend access to the hemicycle's premises to Qatari representatives as the Gulf country is suspected of having offered "large sums of money" and "substantial gifts" to MEPs and assistants in a bid to influence European decision-making.

15.12 / 16:51

Technology European Parliament corruption scandal: Roberta Metsola promises 'wide-ranging' reforms for new year

The president of the European Parliament has promised a wide-ranging reform package to be ready in the new year to tackle corruption among MEPS, following the scandal over an alleged attempt by Qatar to buy influence.

14.12 / 15:17

European Union hearing European Parliament corruption scandal: MEP Eva Kaili and three others face pre-trial hearing

Eva Kaili, the MEP suspected of accepting large sums of money to lobby in favour of Qatar, is expected to appear before a judge on Wednesday morning for a pre-trial hearing in Brussels.

13.12 / 16:21

European Parliament corruption Socialist MEPs step down from key roles as European Parliament corruption scandal widens

The socialist group in the European Parliament has asked several of its members to step down from key posts and legislative files as the graft scandal involving one of its most well-known colleagues, Eva Kaili, continues to widen and send shockwaves through Brussels.

13.12 / 16:21

European Parliament corruption EU ministers endorse candidate status for Bosnia & Herzegovina

European Union ministers on Tuesday endorsed giving candidate status to Bosnia and Herzegovina.

13.12 / 11:09

European Parliament corruption Eva Kaili faces move to strip MEP of her seat as Qatar corruption probe widens

An extraordinary "conference of presidents" meeting will be convened at the European Parliament on Tuesday to vote on whether to bring an end to the term in office of the MEP Eva Kaili, embroiled in a corruption probe allegedly involving Qatar.

12.12 / 18:03

corruption Snow London Calls for EU lobbying rules to be reformed grow as corruption scandal rocks Brussels

Calls to reform lobbying rules for European Union institutions are growing as Brussels reels from a corruption scandal involving the European Parliament.

12.12 / 18:03

corruption London Centre Who is Eva Kaili, the MEP at the centre of the corruption scandal shaking up Brussels?

Eva Kaili is the name on everyone's lips in Brussels.

12.12 / 09:13

Military 'A disgrace that makes Europe weaker’: MEPs dismayed by Qatar corruption scandal

The arrest and charging of four people in connection with an anti-corruption investigation involving members of the European Parliament and a Gulf state, said to be Qatar, could shake Brussels to its core.

10.12 / 17:47

European Union EU-Med countries seek more flexible gas price cap mechanism

Leaders of several Mediterranean and Southern European countries have called on Brussels to come up with a more flexible gas price cap mechanism than the recently proposed cap of €220 per megawatt hour.

09.12 / 18:51

Provident Digital Ripple CEO PUMP SIX, Ripple and Middlegame Ventures pump $72 million into Keyrock

Keyrock CEO Kevin de Patoul, says the firm will use its funding to invest further into infrastructure development, scalability tools, as well as regulatory licensing across Europe, the US and Singapore."The new round of funding allows us to dramatically accelerate executing our vision to provide liquidity solutions for all digital assets," he says. "By doubling down on our focus on clients and scalability, we will be looking to expand into new markets with targeted services.”Earlier this year, Keyrock doubled the size of the workforce globally to over 100 employees.

08.12 / 17:05

Climate change European Union Austria blocks Schengen accession of Romania and Bulgaria, while Croatia gets green light

Austria has blocked the accession of Romania and Bulgaria into Schengen, the passport-free area that has abolished border checks between the vast majority of EU member states.

08.12 / 15:23

WTO EU Sues China in WTO Over Trade Retaliation on Lithuania

BRUSSELS—The European Union sued China in the World Trade Organization over punitive trade restrictions that Beijing imposed on Lithuania last year, harming the small Baltic state and the 27-country bloc.

07.12 / 21:03

WTO EU Sues China in WTO Over Trade Retaliation on Lithuania

07.12 / 16:49

EU mandates ‘portion’ of clearing must be done through European clearing houses

EU firms will have to clear a portion of their euro-denominated derivatives through European clearing houses under draft proposals published 7 December, as Brussels looks to win back business from London after Brexit.

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