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EU president: Greek aid package talks 'on track'

TOKYO - (AP) European Union President Herman Van Rompuy said Wednesday that negotiations on the activation of a rescue package for debt-burdened Greece are "well on track" and he plans to hold a summit around May 10 for eurozone leaders. "The negotiations are going on. They are well...

EU to abolish limits on carry-on liquids by 2013

BRUSSELS - (AP) The EU says by 2013 it will abolish all restrictions on liquids carried by airline passengers in their hand luggage. Helen Kearns, spokeswoman for the EU Transport Commission, says airports will have to replace the restrictions with liquid screening machines. The measure is part...

EU president: Greece will get aid in time

TOKYO - (AP) The European Union's president said Wednesday he is fully confident that debt-laden Greece will receive the financial assistance it needs in time to address its debt problems and to preserve eurozone stability. Negotiations on a euro 45 billion rescue package are "on track"...

EU creates $1 trillion package to save euro

BRUSSELS - (APINTL) The European Union put up a staggering $1 trillion Monday to contain its spreading government debt crisis and keep it from tearing the euro currency apart and derailing the global economic recovery. Analysts said the huge sum supplied the "shock and awe" markets had been...

EU to seek accord on climate, defer binding treaty

UNITED NATIONS - (AP) The European Union will push for agreement this year on specific items to put into a global climate treaty without trying to reach a binding accord until 2011, EU Climate Commissioner Connie Hedegaard said Wednesday. Hedegaard told The Associated Press such a strategy could prevent...

EU lays out tighter rules to stem debt crisis

BRUSSELS - (AP) European Union officials urged a crackdown on widespread government overspending, calling Wednesday for much closer economic coordination between EU nations to curb the acute debt crisis that has threatened to sink their shared currency. The plan by the EU's executive commission...

Greece receives EU part of bailout loan

ATHENS, Greece - (AP) Greece received (EURO)14.5 billion in bailout loans from 10 other European Union countries Tuesday, the finance ministry said, just a day before a crucial debt refinancing deadline that threatened the country with default. The loans from other countries that use the EU's...

EU pushes past US, UK concerns on hedge fund rules

BRUSSELS - (AP) European Union governments overrode British objections and U.S. worries by agreeing Tuesday to tighten rules for freewheeling hedge funds, a move some fear will block American funds from the region and cause the lucrative industry to flee London's financial district. The decision...

EU warns Europe needs major economy reforms

BRUSSELS - (APINTL) Europe's economy will stagnate unless governments make major reforms to boost growth just as they rein in spending to curb soaring debt levels, the European Union's economy chief warned Tuesday. Low growth prospects and rocketing debt in many of the EU's 27 nations...

EU-US talks on privacy may take up to 2 years

BRUSSELS - (AP) Negotiations for trans-Atlantic privacy protection agreement could take two years and limit governments' access to personal data while forcing them to delete inaccurate information, an EU official said Wednesday. The European Union's justice commissioner, Viviane Reding, has...

EU probes Unilever takeover of Sara Lee unit

BRUSSELS - (AP) European Union regulators said Tuesday they will closely investigate Unilever's (EURO)1.28 billion bid for Sara Lee Corp's personal care business because they think the deal could give the new company too much power in some markets. This delays the deadline for EU regulatory...

EU probes Siemens, Areva nuclear deal

BRUSSELS - (AP) European Union regulators said Wednesday that they are investigating nuclear power non-compete deals between France's Areva SA and Germany's Siemens AG after Areva took over their joint venture. This adds another twist to a row between the two companies after Siemens pulled...

EU calls for new rating agencies

BRUSSELS - (AP) The European Union's executive on Wednesday called for European credit rating agencies to rival the three U.S.-based market leaders and proposed a new regulatory authority to oversee them with the power to impose fines. EU Commission President Jose Manuel Barroso said the EU was...

Court: EU states can ban foreign gambling websites

BRUSSELS - (AP) The EU's top court has ruled that European governments can ban gambling companies from other member nations, curtailing two British Internet sports betting firms from operating across the 27-nation bloc. Ladbrokes and Betfair argued against a Dutch government ban, saying that they...

EU tells Italy to hike retirement age for women

BRUSSELS - (APINTL) The European Commission called on Italy to make an immediate change to rules that allow female civil servants to retire far earlier than their male co-workers. Italian men working in public administration can retire at 65, while women can currently retire at 60. Italy is slowly...

EU, IMF team in Athens to review deficit progress

ATHENS Greece - (APINTL) A delegation from the International Monetary Fund and the European Union arrived in Athens Monday for an interim review of Greece's efforts to pull itself out of a major debt crisis that pushed it to the brink of default. The delegation, which will stay in Athens for the...

EU presses Israel to lift Gaza blockade

JERUSALEM - (AP) The European Union pressed Israel Monday to lift the blockade of Gaza, deeming it "unacceptable" while the Israeli Cabinet approved an investigation into the deadly raid on a Gaza-bound flotilla in an effort to counter international criticism. EU members met in Luxembourg...

Telefonica awaits EU ruling on Portugal Telecom

LISBON, Portugal - (AP) Telefonica has extended to July 16 its (EURO)7.15 billion ($8.81 billion) offer for Portugal Telecom's stake in Brazil's leading cell phone company Vivo, apparently hoping that an EU court will clear the deal. PT shareholders voted Wednesday to accept Telefonica's...

Geely wins EU antitrust approval to buy Volvo Cars

BRUSSELS - (AP) European Union regulators on Tuesday approved Chinese carmaker Geely to buy Sweden's iconic Volvo Cars. The European Commission said it sees no antitrust problems with Zhejiang Geely Holding Co.'s $1.8 billion acquisition of Volvo Cars from Ford Motor Co. because the takeover...

Nearly all EU energy may be renewable by 2050

BRUSSELS - (AP) Environmental campaigners Greenpeace and the European Renewable Energy Council say almost all the European Union's energy could come from renewable sources by 2050. They say a Thursday study they commissioned from the German Aerospace Center shows that the 27-nation bloc could...

EU seeks to double deposit insurance limit

BRUSSELS - (AP) The European Commission proposed Monday to double protection for bank account holders across the 27 EU nations guaranteeing them a maximum payout of (EURO)100,000 ($125,700), paid within seven days if their banks fold. It also proposed more compensation for investors to a maximum of...

EU clears BA-Iberia merger, alliance with American

BRUSSELS - (AP) British Airways and Iberia on Wednesday won the European Union's regulatory approval to merge and to team up with American Airlines to share more of their lucrative trans-Atlantic routes. The companies say the two deals will help them cut costs and survive a tough business climate...

EU suggests ban on new deepwater drilling

BRUSSELS - (AP) The European Union's top energy official on Wednesday suggested banning any new deep-water oil and gas exploration projects in the North Sea, Black Sea and the Mediterranean while regulators examine safety risks. The U.S. banned offshore drilling in April in the wake of the Gulf...

EU, BAT cooperate against illegal cigarette trade

BRUSSELS - (AP) The European Commission and British American Tobacco Plc. announced Thursday they will cooperate to curb the trade of illegal cigarettes, which costs EU governments (EURO)10 billion in lost revenues annually. BAT, the world's second largest tobacco company, will work with the EU...

EU court exempts Inuit hunters from seal ban

BRUSSELS, Belgium - (AP) The European Union's high court temporarily exempted Inuit hunters in Canada and Greenland on Friday from the bloc's new trade ban on seal products, while asking European Parliament and EU governments to justify the ban. Indigenous people had argued their livelihoods...