Friday 29 May 2015
 
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European Union

Migration to UK hits highest level since 2005

Net migration to Britain reached 318,000 in 2014, its highest level since 2005, official data showed on Thursday, a political setback for Prime Minister David Cameron who has pledged to reduce the figure to less than 100,000 annually.

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Saudia fined $1.6m for breaking EU aviation law

Saudi Arabian Airlines has been fined 1.4 million euros ($1.6 million) by a regional Belgian government for breaching EU carbon emissions rules, making it the first big non-EU carrier to be fined for breaking the EU aviation law.

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Carbon emissions from new cars in EU fall 2.6pc

Average carbon dioxide emissions from new cars sold in the European Union fell 2.6 per cent last year, beating goals set for 2015 as part of efforts to slow climate change, the European Environment Agency (EEA) said on Wednesday.

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Carbon emissions from new cars in EU fall 2.6pc

Average carbon dioxide emissions from new cars sold in the European Union fell 2.6 per cent last year, beating goals set for 2015 as part of efforts to slow climate change, the European Environment Agency (EEA) said on Wednesday.

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EU chalks out $338bn plan to boost investment

EU finance ministers agreed the details of a 315 billion euro ($338 billion) investment plan on Tuesday to help revive the European economy without piling up more debt, and now aim to get the first projects going by the end of the year.

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EU to impose duties on China-Taiwan steel

The European Union (EU) will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan, according to two sources familiar with a European Commission (EC) proposal. The EC pla

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Dollar hits 11-year high after China rate cut

The dollar hit an 11-year high against a basket of major currencies on Monday, with the greenback gaining a broad lift after an interest rate cut in China dented the Chinese yuan and emerging Asian currencies. The dollar rose to a

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ECB's trillion-euro move offers boost, but at a cost

ECB chief Mario Draghi's 1 trillion ($1.1 trillion) euros of fresh money could prove the masterstroke that saves the euro zone for now, but it breaks the principle that the bloc acts as one, a move that could ultimately undermine the currenc

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European Union faces crucial test of ‘whatever it takes’

The European Central Bank (ECB) faces a crucial test of its resolve to do "whatever it takes" to preserve the euro when it decides this week on buying government bonds to combat deflation and revive the economy. The EU t

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'Swiss Made' may mean more expensive

"Swiss Made" has traditionally stood for quality, precision and reliability. But after a shock move to scrap the cap on the franc, it could convey a less attractive message: Made more expensive. The decision by the Swiss

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