Latest European Union News

Fed could signal a policy shift toward future rate cuts

Jun. 19, 2019 12:06 AM EDT

WASHINGTON (AP) — The Federal Reserve seems poised to pivot from keeping interest rates steady to holding out the option of cutting rates if it were to decide that the economic expansion needs support. The Fed isn't considered ready to announce that it's reducing rates for the first time in more than a...

Asian shares up on trade optimism as Trump hints of Xi talks

Jun. 18, 2019 11:32 PM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday on optimism about trade after President Donald Trump said he will talk with the Chinese leader later this month in Japan. Japan's benchmark Nikkei 225 added 1.7% to 21,321.17 in early trading. Australia's S&P/ASX 200 rose 1.0% to 6,637.70. South...

Boris Johnson builds lead in race to be UK prime minister

Jun. 18, 2019 7:00 PM EDT

LONDON (AP) — Former Foreign Secretary Boris Johnson increased his lead in the race to become Britain's next prime minister Tuesday in a Conservative Party vote that eliminated one of his rivals and enabled upstart candidate Rory Stewart to defy expectations by remaining in the contest. Johnson, a...

Britain, Italy make joint bid to host 2020 UN climate talks

Jun. 18, 2019 5:39 PM EDT

BERLIN (AP) — Britain and Italy are making a joint bid to host the U.N.'s global climate summit next year. The two countries said Tuesday they're proposing that Britain host the annual U.N. talks in late 2020 and for Italy to stage a preparatory meeting. They said their partnership would send "a strong...

How major US stock indexes fared Tuesday

Jun. 18, 2019 4:54 PM EDT

Technology companies powered stocks solidly higher on Wall Street Tuesday as traders hoped that a meeting next week between President Donald Trump and President Xi Jinping of China will ease trade tensions between the two economic powers. Markets also got a boost after the head of the European Central Bank said...

Markets Right Now: Trade deal hopes send US stocks higher

Jun. 18, 2019 4:06 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing broadly higher on Wall Street as traders hoped that a meeting next week between President Donald Trump and President Xi Jinping of China could ease trade tensions between the two economic powers....

The Latest: UK candidates debate - what else - Brexit

Jun. 18, 2019 3:42 PM EDT

LONDON (AP) — The Latest on the voting to elect Britain's next prime minister (all times local): 8:25 p.m. The five men competing to be Britain's next prime minister are taking part in a televised debate where they traded barbs about who will get Britain out of the European Union fastest. Front-runner...

EU ministers urge action over Turkey's drilling off Cyprus

Jun. 18, 2019 2:45 PM EDT

NICOSIA, Cyprus (AP) — European Union foreign ministers on Tuesday urged the 28-member bloc to immediately draw up a list of "appropriate measures" against Turkey for drilling for gas in waters were EU member Cyprus has exclusive economic rights. EU foreign ministers meeting in Luxembourg expressed "grave...

EU fights to keep nuclear deal alive amid US, Iran pressure

Jun. 18, 2019 2:40 PM EDT

BRUSSELS (AP) — A year after the United States pulled out of the Iran nuclear agreement, the pact is at severe risk of collapse and the European Union is caught in the middle, struggling to keep supply lines open to the Islamic Republic's wilting economy under the threat of U.S. sanctions. With few real...

Who is still standing in the race to be UK prime minister?

Jun. 18, 2019 2:23 PM EDT

LONDON (AP) — The contest to be Britain's next prime minister shrank to five candidates on Tuesday, with Boris Johnson bolstering his substantial lead in the second round of voting by Conservative Party legislators. The ultimate victor will replace Prime Minister Theresa May, who resigned as party leader...