City Brussels Financial News

26.10 / 13:35

Electricity Macron and Scholz to try to mend differences in Paris lunch meeting

Emmanuel Macron and Olaf Scholz will meet in Paris on Wednesday in a bid to quell rumours that the Franco-German engine is spluttering.

26.10 / 12:09

Cinema Deadline looms for ethnic Serbs to switch to Kosovo-issued car plates

Tensions are high over car plates between the government of Kosovo and the ethnic Serbs in the Serb-majority municipalities.

24.10 / 21:21

UPS Provident Digital Kraken Kraken Crypto Exchange Terminates Accounts of Russian Users

In a bid to comply with the European Union’s sanctions on Russia, major crypto exchange Kraken has unveiled its move to restrict and eventually shut down services for Russian accounts. The latest development follows the adoption of new Brussels-led penalties in response to Moscow’s continued aggression against Ukraine.

24.10 / 09:35

Drones Italy's new PM Giorgia Meloni meets French President Macron in Rome

French President Emmanuel Macron and new Italian Prime Minister Giorgia Meloni held talks in Rome on Sunday in the first, though informal, meeting between the two political leaders.

23.10 / 19:59

Hungary's Orban hits out at EU during anti-Soviet uprising commemoration speech

Hungary's national flag was hoisted with military honours in front of the parliament building in Budapest on Sunday in a state commemoration marking the anniversary of the 1956 anti-Soviet revolt.

21.10 / 18:27

Financial EU to provide Ukraine with €18 billion in financial assistance for 2023, says von der Leyen

Continued support to Ukraine and the bloc's strategic position against China dominated discussions among EU leaders at the second day of a summit on Friday.

20.10 / 18:55

Prime Minister 'Move forward': European leaders react to UK PM Liz Truss’s resignation

Liz Truss has resigned as UK prime minister after a mere 45 days in office, making her the shortest-serving leader in British history.

20.10 / 16:09

Europe's energy crisis European Commission debate EU Council live: Leaders debate emergency measures for energy crisis

EU heads of state and government are meeting in Brussels on Thursday to try to reach a consensus on how to curb high energy prices and make sure Europeans can weather the economic storm ahead.

18.10 / 23:00

UPS Progressive lawmakers U.S. Commissioner pushes lawmakers to speed up with crypto regulations

While the European Union moves swiftly through the legislative stages with the Markets in Crypto-Assets (MiCA) framework, a groundbreaking framework for cryptocurrencies, its financial services chief implores its American counterparts to keep up to ensure that the upcoming regulations will be global, not local.

18.10 / 22:53

regulation Environment European Union Energy Consumption European Commission regulatory Europe moves toward regulatory action on crypto’s environmental impact, energy use

The European Union (EU) released a package of documents on Oct. 18 related to an action plan for implementing the European Green Deal and the REPowerEU Plan, both of which aim at energy savings by digitalizing the energy sector. The European energy planners have crypto miners in their sights along with myriad other energy users.

18.10 / 19:37

Pool European Commission Power EU Seeks Power to Set Emergency Cap on Gas Prices

BRUSSELS—European Union officials are seeking the power to impose an emergency cap on the price of natural gas on the bloc’s main trading exchange, part of a package of proposals to cushion consumers from high prices and fill storage tanks next year ahead of winter.

16.10 / 12:29

CLIMATE CRISIS Photography Future Scholz advocates for a future 36-member European Union 'of free and equal people'

German Chancellor Olaf Scholz on Saturday called for reforms of the European Union to make it fit for the admission of new countries as well as more military autonomy of the 27-country pact.

12.10 / 16:31

NATO Brussels recommends granting Bosnia the status of EU candidate, but with conditions

The European Commission has recommended that Bosnia and Herzegovina be granted the official status of candidate country to join the European Union, but under the condition of further reforms.

10.10 / 23:37

European Union Kyiv Belarus: EU warns Lukashenko of sanctions over joint grouping of troops with Russia

The European Commission on Monday raised the spectre of further sanctions against Belarus, urging Minsk to stop spreading "false accusations" against Ukraine and to call off a joint grouping of troops with Russia.

08.10 / 00:05

European Union Serbia's reluctance over Russia sanctions could hinder EU ambitions — EU Commissioner

Comments made by EU Vice-President Margaritis Schinas to Euronews suggest that Serbia's reluctance to support EU sanctions against Russia could threaten the country's ambition to join the European Union.

30.09 / 13:19

European Union record high Eurozone inflation reaches new record high of 10% in September

Inflation in the eurozone reached double-digits and yet another new record high in September, according to preliminary data, as the negative consequences of Russia's war in Ukraine continue to inflict a heavy toll on European economies.

30.09 / 11:41

Continental EU Is Expected to Approve Sweeping Energy-Market Intervention

BRUSSELS—European energy ministers are expected to approve the main tenets of a €140 billion plan to counter Moscow’s efforts to deprive the continent of natural gas and hobble its economy, diplomats said.

30.09 / 05:01

Government Law Europe Us Crypto Regulation The 'Brussels Effect' wields real influence over US crypto regulation

The right to privacy is enshrined in many legal traditions around the world. In the United States, it’s protected by the Fourth Amendment; in the European Union, it falls under Article 8 of the European Convention for Human Rights. While definitions differ between jurisdictions, most of us have a right to a reasonable expectation of privacy for our correspondence, in our homes and about our persons.

23.09 / 15:25

Italian election: EU can work with any democracy but has 'tools' if it gets 'difficult', VDL says

The European Commission is willing to work with any democratic government across the bloc but has the "tools" if things go in a "difficult direction", Ursula von der Leyen has said in response to a question about Italy's upcoming elections.

19.09 / 21:01

BLOCK European Commission EU Seeks New Powers Over Supply Chains During Emergencies

BRUSSELS—The European Union staked its claim to sweeping new powers to regulate industries during crises, presenting a controversial proposal that has already drawn opposition from business leaders but which EU officials say is vital to tackle disruptions such as those during the Covid-19 pandemic.

19.09 / 14:51

cryptocurrency Climate change Queen Elizabeth II Rule of law: Budapest appears confident it can prevent €7.5 billion cut in EU funds

Budapest was confident on Monday that it would be able to prevent a reduction in EU funds as called for by the Commission over rule of law concerns.

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