European Union Financial News

23.07 / 13:07

European Union Protest Deal 'Russian missile strikes' in Ukrainian port hours after grain deal, claims Odesa MP

A Ukrainian MP has claimed Russian missiles struck a key Ukrainian port Saturday morning, only hours after Kyiv and Moscow signed a landmark deal to unblock shipments of grain

21.07 / 19:13

Climate change European Union Hungary's top diplomat visits Moscow to negotiate gas supplies despite EU sanctions

Hungary's government wants to buy close to a billion cubic metres of natural gas from Russia despite European Union sanctions, its top diplomat said ahead of talks with his Moscow counterpart.

21.07 / 19:13

Climate change European Union Italy's President Mattarella dissolves parliament, orders new election

Italy is set to hold a general election this autumn after President Sergio Mattarella formally dissolved parliament.

21.07 / 17:29

European Union Time ECB hikes interest rates for first time in 11 years by larger-than-expected amount

The European Central Bank has raised interest rates for the first time in 11 years by a larger-than-expected amount, joining steps already taken by other major central banks across the world to target stubbornly high inflation.

20.07 / 19:57

Technology European Union Ukrainian forces strike key bridge in Russian-occupied south

Ukrainian forces have seriously damaged a bridge that is key for supplying Russian troops in southern Ukraine, a regional official said Wednesday.

20.07 / 14:13

Technology European Union Heatwave Video

Russian President Vladimir Putin was left awkwardly waiting and fidgeting by Turkish counterpart Tayyip Erdogan ahead of talks in Tehran on Tuesday.

20.07 / 14:13

Technology European Union Heatwave EU must cut gas use by 15% this winter over Russian disruption fears, Commission says

The European Commission urged member states on Wednesday to reduce their gas use by 15% from August 1 of this year until 31 March 2023 to ensure they can cope in the event of a total gas cut-off from Russia.

20.07 / 07:51

European Union Heatwave Moment of truth as Italian PM Draghi faces parliament

Italian Prime Minister Mario Draghi's political future hangs in the balance on Wednesday, with a key speech and discussion in the Senate potentially deciding whether his government stands or falls.

19.07 / 22:01

European Union Gas flows through Nord Stream to resume after 10-day maintenance

Gazprom is expected to restart gas flows through the Nord Stream 1 pipeline Thursday, after the completion of a 10-day maintenance that has put EU leaders on edge.

19.07 / 21:07

business European Union regulatory Crypto.com secures regulatory license in Italy

Digital asset exchange Crypto.com has received approval from Italian regulators to offer its services in the Mediterranean country — a move the company says aligns with its vision of “building lasting growth in the region.”

19.07 / 18:59

European Union Heatwave 'Major incident' in London, as wildfires continue to rage across western Europe

London is facing a "major incident" caused by fires amid record-breaking temperatures, as wildfires continue to rage and claim lives across large parts of Europe.

19.07 / 17:19

European Union Heatwave What you need to know about the Ukraine war Tuesday

Russia's ambassador to Pyongyang has said that North Korean labour could be sent to repair Russian-controlled territories in Ukraine.

19.07 / 13:39

European Union Kyiv Heatwave Financial Ukraine won't default but financial situation is 'dire,' warns EU ambassador to Kyiv

Ukraine is not likely to default on its foreign debt, but the financial situation inside the war-torn country is 'dire' and requires urgent foreign aid to make up for a monthly budget shortfall worth €5 billion, the EU's ambassador to the country has warned.

18.07 / 23:27

European Union CLIMATE CRISIS Heatwave Financial Brussels defends sanctions, while pledging more Ukraine financial aid

EU foreign affairs ministers have agreed to give another €500 million to Ukraine, providing Kyiv with more firepower to stop the Russian offensive.

17.07 / 13:01

Climate change European Union MPs North Macedonia: MPs vote for EU proposal lifting Bulgarian veto despite protests

Lawmakers in North Macedonia have backed a controversial French-brokered deal that aims to settle a dispute with Bulgaria and open the way for EU membership talks.

16.07 / 11:49

Stablecoin Europe Sustainability European Union Crypto-asset MiCA and ToFR: The EU moves to regulate the crypto-asset market

On the last day of June, the European Union reached an agreement on how to regulate the crypto-asset industry, giving the green light to Markets in Crypto-Assets (MiCA), the EU's main legislative proposal to oversee the industry in its 27 member countries. A day earlier, on June 29, lawmakers in the member states of the European Parliament had already passed the Transfer of Funds Regulation (ToFR), which imposes compliance standards on crypto assets to crack down on money laundering risks in the sector.

15.07 / 22:17

European Union Human Rights Joe Biden and Saudi crown prince begin big meeting with fist bump

A crucial meeting to repair one of the world's most important diplomatic relationships began with a fist bump Friday as Saudi Crown Prince Mohammed bin Salman welcomed U.S. President Joe Biden at a royal palace.

15.07 / 22:17

LGBT European Union Ukraine war: Six latest developments linked to Russia's invasion

Ukraine's Defence Ministry on Friday posted a video of a 4-year-old girl named Liza, who has been named as one of the victims of a Russian missile attack on the central city of Vinnytsia the previous day.

15.07 / 13:15

European Union War crimes EU 'shot itself in the lungs' with sanctions against Russia, says Orban

The European Union has "shot itself in the lungs" with ill-considered economic sanctions on Russia, which, unless rolled back, risk destroying the European economy, Hungarian Prime Minister Viktor Orban said on Friday.

13.07 / 13:37

European Union Heatwave Russia and Ukraine hold talks to ease grain export blockage

Military officials from Russia and Ukraine are due to meet in Istanbul on Wednesday, for their governments' first face-to-face talks in months. The session will be devoted to a United Nations plan to export blocked Ukrainian grain to world markets through the Black Sea.

13.07 / 12:31

European Union abortion rights rights 'Demoralising and scary': Women in UK react to US reversal of abortion rights

From Olivia Rodrigo to Lily Allen, Kendrick Lamar to Billie Eilish, musicians and artists at Glastonbury, devastated and furious, condemned the US Supreme Court's controversial reversal of Roe v Wade – a 1973 court case that granted US women a constitutional right to abortion.

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