Latest European Union News

Markets Right Now: US stocks rise following gains in Europe

Jun. 18, 2019 9:41 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening higher on Wall Street following big gains in Europe after the head of the European Central Bank said it was ready to cut interest rates and provide more economic stimulus if necessary. Technology...

Cyprus: EU to take tougher stance on Turkey over drilling

Jun. 18, 2019 9:19 AM EDT

NICOSIA, Cyprus (AP) — Cyprus' president says he believes the European Union will take a tougher line against Turkey over its bid to drill for gas in waters where the east Mediterranean island nation has exclusive economic rights. President Nicos Anastasiades said Tuesday he's optimistic the 28-member bloc...

Greek PM seeks Turkey condemnation by EU leaders

Jun. 18, 2019 8:45 AM EDT

ATHENS, Greece (AP) — Greece is urging European Union leaders to condemn Turkey over its actions in a natural gas drilling dispute in the Eastern Mediterranean. In a statement Tuesday, Prime Minister Alexis Tsipras said EU leaders should "unambiguously condemn the illegal actions of Turkey" when they...

European Central Bank hints at stimulus _ drawing Trump ire

Jun. 18, 2019 8:22 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank stands ready to cut interest rates and could re-start its bond purchase stimulus program if needed to help the economy, President Mario Draghi said Tuesday. Investors read the comments as a step toward more stimulus in coming months, sending the euro...

Ex-rival backs Boris Johnson in UK leadership race

Jun. 18, 2019 7:58 AM EDT

LONDON (AP) — A former candidate to lead Britain's Conservative Party threw her support behind front-runner Boris Johnson on Tuesday, bolstering his lead as lawmakers prepared to eliminate at least one contender from the race to become prime minister. Andrea Leadsom, an ardent backer of Brexit, told LBC...

World shares rise after ECB says rate cuts possible

Jun. 18, 2019 7:53 AM EDT

SINGAPORE (AP) — Global shares rose Tuesday after the president of the European Central Bank said it was ready to cut interest rates and provide stimulus if the economy needed it. Traders also focused on upcoming rate decisions by the U.S. Federal Reserve and the British and Japanese central banks this...

Czech PM to face no-confidence vote over subsidy scandal

Jun. 18, 2019 7:18 AM EDT

PRAGUE (AP) — The Czech coalition government led by populist Prime Minister Andrej Babis will face a parliamentary no-confidence vote over European Union subsidies paid to his former business empire. A preliminary EU report concluded the subsidies amounted to a conflict of interest because he still...

EU court declares Germany's highway tolls illegal

Jun. 18, 2019 6:44 AM EDT

BERLIN (AP) — The European Court of Justice ruled Tuesday that highway tolls in Germany are illegal because they unfairly penalize drivers from other European Union countries. The Luxembourg court's ruling means Germany will have to drop or revise its highway toll system. The case was brought by Austria,...

The Latest: Saudi Arabia say it intercepted 2 Houthi drones

Jun. 17, 2019 11:31 PM EDT

TEHRAN, Iran (AP) — The Latest on developments in the Persian Gulf region amid rising tensions between Iran and the U.S. (all times local): 7 a.m. A Saudi military spokesman says the kingdom has intercepted two bomb-laden drones launched by Yemen's Iranian-backed Houthi rebels. Col. Turki al-Maliki made...

Tensions rise as Iran speeds up enrichment, US sends troops

Jun. 17, 2019 9:22 PM EDT

TEHRAN, Iran (AP) — Iran will surpass the uranium-stockpile limit set by its nuclear deal in the next 10 days, an official said Monday, raising pressure on Europeans trying to save the accord a year after the U.S. withdrawal lit the fuse for the heightened tensions now between Tehran and Washington. Hours...