EU approves acquisition of Dutch company by ArcelorMittalBRUSSELS - The European Commission announced here Wednesday that it has cleared the proposed acquisition of Dutch company Noble European Holdings B.V., a subsidiary of Noble International Ltd. of the US, by ArcelorMittal of Luxembourg. Dutch finance minister: Germany, France hurting euro economy by going opposite waysBRUSSELS — The Netherlands charged Tuesday that France and Germany are running their economies so differently that they are threatening the rules that underpin the stability of the euro. EU nations blame banking crisis on banking pay and bonuses, call for looser accounting rulesBRUSSELS — European Union nations on Tuesday partly blamed the financial crisis on the way bankers and traders are paid and called for new rules to link performance to pay. NATO launches effort to define alliance’s role 2 decades after Cold WarBRUSSELS — NATO must redefine its focus in the 21st century to combat new threats, including piracy, terrorism and cyber attacks, and to reflect its new role in war zones around the world, the organization’s secretary general said Tuesday. EU nations tell Poland, Hungary, Romania, Latvia and Lithuania to curb budget deficitsBRUSSELS — The European Union on Tuesday gave Poland, Hungary, Romania, Latvia and Lithuania two- and three-year deadlines to curb their budget deficits, which have been swollen by the world financial crisis and its fallout in Eastern Europe. Germany, France call for looser accounting, bank capital rules during downturnBRUSSELS — German and French finance ministers are calling for looser accounting rules that would allow European banks to follow American rivals and avoid reporting heavy losses on troubled assets they cannot sell. Arcelor-Mittal to re-open furnace in Belgium plantBRUSSELS - Steelmaker Arcelor-Mittal would re-open the second blast furnace at its plant in Ghent, Belgium, in August, EuAsiaNews reported Sunday. Can the G8 live up to the climate challenge?BRUSSELS - A year ago, the leaders of the world’s eight leading industrialised nations promised that their children would fight climate change. This summer, they will have to show whether they are willing to do something about it themselves. Pilots: Yemeni airliner may have been attempting go-around after missed aproachBRUSSELS — The Yemenia Airbus 310 that crashed into the Indian Ocean near Comoros may have been attempting a go-around in rough weather for another approach when it hit the sea, a pilots association says. AB InBev sells Ball Corp. 4 US drinks can plants for $577 millionBRUSSELS — Anheuser-Busch InBev said Wednesday it will sell four U.S. packaging plants to Ball Corp. for $577 million to help pay off debt. Yemenia Airbus was 19 years old, but experts say planes can safely fly well past thatBRUSSELS — The Airbus 310 that crashed Tuesday was 19 years old, yet experts say older planes can keep going strong for years as long as companies are willing to invest what it takes to keep them sky-worthy. Curvy cucumbers boomerang back to EU shelvesBRUSSELS - Cucumbers shaped like boomerangs are set to land back on the shelves of European Union shops Wednesday, after the EU’s executive bowed to criticism and repealed laws setting minimum standards for the way fruit and vegetables should look. Stavridis, head of US European Command, looks to blend of measures to fight Afghan insurgencySTUTTGART, Germany — The new commander of all U.S. forces in Europe on Tuesday said quelling the Afghan insurgency would take more than bullets, calling for efforts to rebuild roads, schools and farms to win local support against the Taliban. EU says Pfizer is suggesting changes to Wyeth bid to win regulatory approvalBRUSSELS — U.S. drug maker Pfizer Inc. has promised to make changes to its takeover of rival Wyeth in order to win European Union regulatory approval for the deal, the EU’s executive said Tuesday. Euro-zone nations post negative inflation rate of 0.1 percent in June as prices shrinkBRUSSELS — Euro-zone nations saw consumer prices fall 0.1 percent in the year to June, the first negative inflation rate in at least a decade, the EU statistics agency said Tuesday. EU, phone makers sign deal on single charging standard for mobile phonesBRUSSELS — No more asking around the office for the right sort of charger. At least that’s what European Union and cell phone makers are hoping. Grand vision of Turkish icon turns into hard slog for EU candidate countryISTANBUL, Turkey — Early in the last century, after an empire’s fall, the founder of Turkey set his new nation on a westward course. For Mustafa Kemal Ataturk, Europe was worthy of a pedestal, a model of how to be modern. EU, phone makers sign deal on new single charger for mobile phonesBRUSSELS — EU officials say they have reached a deal with mobile phone makers to introduce a new single, more energy efficient charger that can be used for data-enabled handsets. EU, euro-zone business and consumer confidence climbs in June but still at low levelsBRUSSELS — European business and consumer confidence climbed for the third month in a row in June but still languished near its lowest point in two decades, the European Commission said Monday. Somali pirates release Belgian ship’s crew after ransom paidBRUSSELS — Somali pirates have released the entire crew of a Belgian ship seized 10 weeks ago after a ransom was paid, the Belgian government said Sunday. Belgium: Somali pirates release ship’s crewBRUSSELS — Somali pirates have released the entire crew of a Belgian ship kidnapped two months ago, Belgium’s government said Sunday. 2009 crucial for India to fight global challenges: EUBRUSSELS - The year 2009 “is a crucial year” for India and the European Union (EU) to find ways to address common challenges posed by climate change, energy and terrorism, a top official of the 27-member grouping said here Friday. EU Troika-India to meet in PragueBRUSSELS - An India-European Union (EU) Troika ministerial meeting will be held in the Czech capital of Prague Monday, a statement by the 27-nation grouping said here Friday. EU closely watching US climate bill, calls for US, Japan to make climate change breakthroughBRUSSELS — The Europe Union wants a U.S. climate change bill to succeed so the United States can move swiftly to curb greenhouse gas emissions, EU Commission President Jose Manuel Barroso said Friday. EU to give China €50 million for trial plant to test climate change technologyBRUSSELS — The European Union said Thursday it will give China up to euro50 million ($70 million) to build a carbon capture and storage plant that will test a technology aimed at limiting climate change. Africa looking towards India, China: Senegal presidentBRUSSELS - Senegal’s President Abdoulaye Wade Wednesday criticised European Union (EU) policies towards Africa and said the continent was looking towards India and China for its economic needs, EuAsiaNews reported. European human rights watchdog: Russia needs to do more to clean up judicial systemBRUSSELS — Despite efforts to clean up Russia’s legal system, its courts still suffer widespread political abuse, including prosecutors with too much power and subservient judges, according to a report by Europe’s top human rights watchdog. EU gives Hungary another 2 years to bring budget deficit under 3 percent by 2011BRUSSELS — The European Commission on Wednesday gave Hungary another two years to curb its budget gap, postponing its deadline until 2011 as it deals with a severe recession. Taliban not India is the real threat to Pak: ZardariBRUSSELS - Pakistan President Asif Ali Zardari has said that India is no longer a military threat to Pakistan, rather it is the Taliban which is threatening peace in the region as well as in the whole world. In Europe, trade ties may trump outrage over Iran post-election violence, crackdownFRANKFURT — Iran is big business for Europe, whose companies sell it everything from rail equipment to turbines and even cell phone technology that has been used to block communications between protesters seeking to overturn disputed election results. |
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