Cyprus and another six EU member states (Austria, Ireland, the Netherlands, Germany and Luxembourg) exceeded their milk quotas in 2011/2012, triggering "superlevy" penalties of about € 79 million, according to Commission figures
– Merkel wants central EU veto power on national budgets – Hollande says banking union is top priority, not budgets – Spain, Greece likely to be kept to sideline discussions – Timetable,
Apple has lost its appeal against a ruling that cleared rival Samsung of copying its registered designs for tablet computers, in a decision which could end the two firms' legal dispute on
The European Union wants to spend more aid cash on helping countries prevent humanitarian disasters, rather than simply giving money for repeated relief efforts. Only a tenth of 1 percent of global
Germany's Angela Merkel called ahead of an EU summit for stronger central powers to intervene when member states break budget rules and rebuffed demands from Berlin's partners for the quick creation of
European shares edged toward a one-month high and Asian stocks surged on Thursday, as a slew of Chinese data boosted optimism over the health of the world economy. The gains were being
The debate on the need for austerity or growth and ways to exit the financial crisis in Europe dominated the 3rd Limassol Economic Forum, which took place on Wednesday Hundreds of businessmen
A new theory put forward by Harvard scientists suggests the Moon was once part of the Earth that spun off after a giant collision with another body. In a paper published on
Spain's funding costs are set to fall at auction on Thursday after Moody's affirmed the country's investment-grade credit rating and as markets expect Madrid to ask for aid soon. The Treasury plans
Greek police fired teargas to disperse anti-austerity protesters hurling stones and petrol bombs on the day of a general strike that brought much of the near-bankrupt country to a standstill. It was
