EU, China leaders meet amid growing trade disputes
BRUSSELS - European Union and Chinese leaders will try to bridge growing differences over trade and find common ground on tackling Europe's debt crisis at a summit in Brussels on Thursday.
Some EU states may no longer afford air forces - general
BRUSSELS - Many European Union countries will not be able to afford key parts of their armed forces, such as air forces, in a few years unless they spend more and cooperate more closely on defence, the top EU military officer said on Wednesday.
Greece hikes gambling taxes, OPAP shares dive
ATHENS - Greece will hike taxes on OPAP, the state-controlled betting agency slated for privatisation, following rivals' complaints to the European Commission that tax provisions of Greek gaming legislation favoured the company.
Regulator warns banking union could split Europe
BRUSSELS - Plans to create a European banking union risks a supervisory split between countries in the euro zone and those outside, Europe's top bank regulator said on Wednesday, warning of his concerns about the latest plan to tackle the financial crisis.
Iran says six powers to meet before more nuclear talks
ISTANBUL - Iran's chief nuclear negotiator Saeed Jalili said on Wednesday he and European Union foreign policy chief Catherine Ashton had agreed to defer more nuclear talks until she has consulted the six world powers she represents next week.
EU may delay tough new capital rules for insurers
BRUSSELS - The European Union may have to postpone strict new capital rules for insurers because of wrangling between member countries over the final shape of the new regulations, the official in charge of the project acknowledged on Wednesday.
Draghi to discuss euro zone with Merkel next Tuesday - German source
BERLIN - The head of the European Central Bank, Mario Draghi, will discuss the state of economic and currency union in the euro zone with German Chancellor Angela Merkel in Berlin next Tuesday, a senior German source said on Wednesday.
Europe to mobilise volunteers with EU "peace corps"
BRUSSELS - Europe plans to deploy some 10,000 humanitarian workers to help in disaster zones across the world, the European Commission said on Wednesday, creating a volunteer organisation similar to the U.S. Peace Corps programme.
Croatian PM says country still keen on euro
BERLIN - Croatian Prime Minister Zoran Milanovic said on Wednesday after talks with Germany's Angela Merkel that his country's interest in joining the euro after it becomes a member of the European Union next year continued unabated despite the euro zone crisis.
Bailout risk prompts Slovenia opposition rethink
LJUBLJANA - Opposition parties and unions in ex-communist Slovenia are edging closer to backing the government on radical reforms needed to save the country from joining the euro zone bailout queue.
Euro Zone Video
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