European Commission

EU's Juncker to unveil giant investment plan on Wednesday

Juncker will present details of the ambitious plan to a session of the European Parliament, which is sitting in Strasbourg, France, at 9am, the official parliamentary schedule said.

Nov 21, 2014, 08:13 AM IST

EU to use `LuxLeaks` documents in tax probe

The EU said Thursday it will use the so-called "LuxLeaks" documents to decide whether to widen its probe into Luxembourg`s tax deals, in a row that has embroiled new European Commission head Jean-Claude Juncker.

Nov 20, 2014, 22:31 PM IST

The $375 billion Europe wants to invest but doesn't have

New European Commission President Jean-Claude Juncker is preparing a 300 billion euro ($375 billion) investment plan he will present as a cornerstone of efforts to revive an ailing economy.

Nov 18, 2014, 19:57 PM IST

EU's Juncker defends position, urges global tax evasion fight

Tax is a key issue at this weekend`s gathering of world leaders in the sun-baked Australian city, with the host country Friday vowing a "very aggressive" crackdown on tax avoidance.

Nov 15, 2014, 09:07 AM IST

EU approves Etihad, Alitalia alliance

Brussels gave the merger the go-ahead on Friday under the condition that the airlines opened up the Rome-Belgrade route to competitors.

Nov 15, 2014, 08:59 AM IST

EU vows tax reform as Juncker heads to G20

The European Commission unveiled a new push to fight tax evasion on Thursday as questions lingered over Commission head Jean-Claude Juncker`s role in enabling companies to pay less tax during his 19 years as Luxembourg premier.

Nov 13, 2014, 23:13 PM IST

G20 host Australia slams corporate tax 'theft'

Australia has enthusiastically backed calls to close corporate tax loopholes in its role as host of this weekend`s G20 summit in Brisbane, making it a primary focus of the meeting.

Nov 13, 2014, 13:38 PM IST

Juncker says no 'conflict of interest' over Luxembourg tax breaks

European Commission head Jean-Claude Juncker said Wednesday he faced no conflict of interest in his new post over investigations into huge tax breaks agreed with top international firms when he was Luxembourg premier.

Nov 12, 2014, 18:36 PM IST

EU misspent nearly 7 billion euros last year: Watchdog

The so-called error rate for spending fell to 4.7 percent in the EU`s 2013 budget of 148.5 billion euros, against 4.8 percent the previous year, the European Court of Auditors said.

Nov 05, 2014, 19:20 PM IST

Juncker's new EU Commission takes office

The new European Commission led by EU veteran Jean-Claude Juncker formally took office on Saturday, promising to "get down to work" as Europe faces a host of political and economic challenges.

Nov 01, 2014, 15:46 PM IST

No `serious` fault found, France, Italy budgets pass EU review

The European Commission said Tuesday it had found no serious fault with eurozone member states` 2015 budget plans, clearing France and Italy after they made last-minute changes to meet EU demands.

Oct 29, 2014, 10:33 AM IST

Lafarge, Holcim notify proposed merger with European Commission

"With this notification, Holcim and Lafarge have now completed all necessary notifications with the regulatory authorities worldwide," Holcim said in a release.

Oct 28, 2014, 17:36 PM IST

Britain risks fines if it refuses to pay EU bill: Commission

Britain must contribute an extra 2.1 billion euros ($2.66 billion) to the EU budget or face fines, the European Commission said on Monday.

Oct 27, 2014, 19:06 PM IST

EU`s Juncker gets green light for new team

The EU`s Jean-Claude Juncker won parliamentary approval Wednesday for his new team of commissioners, allowing them to start work next month on reviving the economy and tackling challenges on the continent`s borders.

Oct 22, 2014, 21:05 PM IST

Juncker on track to win approval for new EU executive

The EU`s incoming chief executive Jean-Claude Juncker appeared on track Tuesday to win formal approval for his new team that will have to tackle Europe`s economic and foreign policy challenges.

Oct 21, 2014, 20:03 PM IST

EU fines JP Morgan $78 mn for rigging interest rates

The European Commission fined US banking giant JP Morgan more than 61 million euros ($78 million) on Tuesday for its role in rigging benchmark international interest rates.

Oct 21, 2014, 19:24 PM IST

British EU exit would be 'historic mistake': Barroso

European Commission president Jose Manuel Barroso argued Monday that Britain is better off in the EU and warned that alienating its allies would be a "historic mistake".

Oct 20, 2014, 23:48 PM IST

EU's Juncker faces make-or-break week

With the eurozone on the verge of a new crisis, the risk of spillover from turmoil in the Middle East, and relations with Russia still tense over Ukraine, Europe is under pressure from all sides to act.

Oct 19, 2014, 08:38 AM IST

Italy working down to the wire on 2015 budget

The cabinet was set to meet around 1600 GMT to unveil the budget with just hours to go before a EU deadline, after which it will be scrutinised by the European Commission before going before the lower and upper houses of parliament.

Oct 15, 2014, 21:19 PM IST

EU`s Juncker warns of delay over rejected commissioner

The EU`s incoming leader Jean-Claude Juncker set up a high-stakes fight with the European Parliament Thursday, warning that the start of his team`s five-year mandate may be delayed if lawmakers reject one of his commissioners.

Oct 09, 2014, 18:16 PM IST