EU

European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.

European Union states edged closer on Thursday to ditching a proposed ban on brokers earning fees in return for directing stock trades to specific trading platforms.

The European Union plans to update its emissions-cutting target under the Paris climate accord, the EU climate policy chief told the COP27 summit on Tuesday, with the upgrade expected before next year's United Nations summit.

European shares were nearly flat on Tuesday as a sharp decline in British telecom group Vodafone, after it slashed its full-year forecasts, eclipsed gains in the utilities sector.

Fresh European Union sanctions will target the "inner circle of power" of Iran's Revolutionary Guards, Germany said on Monday as the bloc convened to respond to what it has condemned as Tehran's widespread use of force against peaceful protesters.

Stock pickers have a message for company finance bosses and it's getting louder: bolster your balance sheets before the downturn strikes.

Standing next to a freshly-cut clearing the size of seven football fields, Finnish forest engineer Matti Jappila pointed to growth rings in an up to 300-year-old tree stump.

The EU warned Friday the eurozone was set to fall into recession this winter as Brussels hiked inflation forecasts for 2022 and 2023 on the back of high energy prices.

The European Commission proposed on Thursday two action plans to address the deteriorating security situation following Russia's invasion of Ukraine to bolster cyber defence and to allow armed forces to move faster and better across borders.

Eastern European countries are preparing to reopen reception centres and are restocking food supplies in anticipation of a possible fresh surge in Ukrainian refugees as winter looms and Russia targets Ukraine's power grid and heating plants.

European shares came off eight-week highs Wednesday as Marks & Spencer led declines among retailers, while investors closely tracked results from the U.S.

Some European retailers this week forecast or reported better full-year sales after working to keep prices low to attract cash-strapped shoppers although others, including Marks & Spencer and Adidas warned on profit.

European workers squeezed by the soaring cost of living went on strike in Belgium and Greece on Wednesday, with stoppages threatening to paralyse parts of Britain, France and Spain in coming days.

New EU budget rules should take into account the need to invest in climate policies and defence when setting the pace for debt reduction, Internal Market Commissioner Thierry Breton said in an interview with Dutch financial daily FD published on Tuesday.

Fiat Chrysler on Tuesday won its fight against an EU order to pay 30 million euros ($30 million) in back taxes to Luxembourg, dealing a major setback to EU antitrust chief Margrethe Vestager's crackdown on sweetheart deals between EU countries and multinationals.

A speech by EU Council head Charles Michel scheduled to be broadcast at the opening of a major Chinese trade fair was abruptly cancelled due to wrangling over censorship, diplomats told AFP Tuesday.

The Dutch government has banned British conspiracy theorist David Icke from the Netherlands and the entire Schengen area of the European Union for two years over fears his presence could "disturb public order."

The European Union sought on Thursday to reassure international companies it would seek to align its sustainability disclosure rules with a global initiative, after warnings from regulators over fragmenting capital markets.

EU antitrust regulators on Friday renewed interim measures ordering U.S. life sciences company Illumina to keep Grail as a separate entity pending an order to unwind the takeover completed before the deal had been approved.

The European Union struck a deal on Thursday on a law to effectively ban the sale of new petrol and diesel cars from 2035, aiming to speed up the switch to electric vehicles and combat climate change.

EU chief Charles Michel called on Thursday for closer ties with Central Asia on his first official visit to Kazakhstan, the main economic powerhouse in a region where Russia's influence has come under question.

Banks in the euro zone would be required to provide 'instant payments' in the single currency 24/7 under draft European Union rules seen by Reuters.

Ministers from European Union countries will attempt on Monday to agree their negotiating position for this year's U.N.

European stocks and the pound climbed Monday as markets awaited confirmation that former finance minister Rishi Sunak would become Britain's new prime minister.

European Union leaders will discuss reducing their economic dependency on China, aiding Kyiv and punishing Iran for its involvement in the war that Russia is waging on Ukraine, when they meet for a second day of talks in Brussels on Friday.

EU leaders are set for tough talks on how to handle Europe's energy shock Thursday.

European Union leaders meeting this week are set to endorse the bloc's latest proposals to curb energy prices, but pressure Brussels to go further and cap the price of gas used in power generation, according to a draft of their meeting conclusions.

European shares rose for the fourth straight session on Tuesday, building on the previous session's rally that was driven by Britain's historic reversal its fiscal plan, with investors keeping a watch on earnings to gauge the economic outlook.

The European Commission is set to propose another set of emergency measures on Tuesday to tackle high energy prices, but draft proposals suggest they will not include an immediate cap on gas prices as EU countries remain split over the idea.

The EU on Monday stepped up its military support for Kyiv by launching a mission to train 15,000 Ukrainian soldiers and providing 500 million euros more for weapons.