Tag: European Union

February 3, 2023

European Union governments tentatively agreed Friday to set a $100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel — steps aimed at ending the bloc’s energy dependence on Russia and limiting the […]

June 24, 2022

A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat […]

May 31, 2022

Hungary’s divisive leader has once again got his own way with the European Union — this time in tough negotiations on Russian oil at a summit in Brussels. And nationalist Prime Minister Viktor Orban wasn’t shy about trumpeting his success […]

May 16, 2022

The European Union’s efforts to impose a new round of sanctions against Russia over the war in Ukraine appeared to be bogged down on Monday, as a small group of countries opposed a ban on imports of Russian oil. Since […]

May 2, 2022

Poland urged its European Union partners on Monday to unite and impose sweeping sanctions on Russia’s oil and natural gas sectors over the war in Ukraine, and not to cave in to pressure to pay for their gas in Russian […]

April 5, 2022

The European Union’s executive branch proposed Tuesday a ban on coal imports from Russia in what would be the first EU sanctions targeting the country’s lucrative energy industry over its war in Ukraine. European Commission President Ursula von der Leyen […]

March 25, 2022

The United States and European Union on Friday announced a new partnership to reduce the continent’s reliance on Russian energy, a step top officials characterized as the start of a years-long initiative to further isolate Moscow after its invasion of […]

March 22, 2022

The European Union is moving toward the joint purchase of natural gas and ensuring its storage facilities are nearly full to try to avoid another crisis tied to its dependency on Russian energy, officials said Tuesday. The 27-nation bloc acknowledges […]

March 21, 2022

While Western countries are growing more concerned about Russia’s invasion of Ukraine, the global economy is also suffering. More than two weeks have already passed since the conflict started, and economic warfare against Russia’s President Vladimir Putin seems to have […]

October 19, 2021

The global upswing in trade is leaving the U.K. behind, an early sign of the challenge Brexit is presenting its economy. The U.K. formally began its new relationship with the European Union Jan. 1. Before then, and before the Covid-19 […]

September 30, 2021

The European Union is working on a regulatory framework for cryptocurrencies with the purpose of making traders anonymous while banning anonymous virtual wallets. Meanwhile, the U.S. government is laying more groundwork for potential cryptocurrency regulation in the future. Updated and […]

June 21, 2021

European Union foreign ministers will approve Monday a fresh set of sanctions against scores of officials in Belarus and prepare a series of measures aimed at hurting the country’s economy, EU foreign policy chief Josep Borrell said. The EU has […]

December 11, 2020

European Commission President Ursula von der Leyen warned that a no-deal split with the U.K. is the likeliest outcome on Dec. 31 as last-ditch talks to try to reach a deal before Sunday continue in Brussels. Prime Minister Boris Johnson’s […]

November 9, 2020

The European Union pressed ahead Monday with plans to impose tariffs and other penalties on up to $4 billion worth of U.S. goods and services over illegal American support for plane maker Boeing, but expressed hope that trade ties would […]

October 16, 2020

It’s time to prepare for a no-trade-deal Brexit, U.K. Prime Minister Boris Johnson said Friday, just hours after the country’s biggest grocer warned of potential food shortages if there is disruption after the Brexit transition period ends. Johnson’s announcement heralds […]

June 2, 2020

Amid the crippling uncertainty caused by the novel coronavirus and the measures needed to fight it, British businesses still have no idea what will happen to trade with their biggest partner at the end of this year. Although the U.K. […]

April 10, 2020

European Union finance ministers agreed on a 540 billion-euro ($590 billion) package of measures to combat the economic fallout of the coronavirus pandemic, papering over differences that have thrown into question the EU’s future integrity. In an emergency teleconference on […]

February 11, 2020

Britain’s economy saw zero growth in the final quarter of last year as manufacturing shrank heading into the country’s general election that unlocked Brexit, official data showed Tuesday. “There was no growth in the last quarter of 2019 as increases […]

January 15, 2019

Treasury yields slid on Tuesday trading as investors await the results from the U.K.’s vote to leave the European Union, which is widely expected to be defeated in Parliament, creating more uncertainty in the region The 10-year Treasury note yield […]

September 28, 2018

Global stocks were mixed Friday on worries that the Italian government’s budget plans will not align with the European Union’s wishes for the country to reduce its debt. KEEPING SCORE: In Europe, France’s CAC 40 lost 0.3 percent to 5,523.90. […]