europe

The European Commission on Tuesday updated drone rules in a bid to boost a fast-growing commercial market while measures to tackle the malicious use of drones will be adopted in the near future.

Software developer Victor Varlamov logs in every morning to work on a sunny Spanish island off the coast of Africa after the prospect of steep heating bills and a winter made harsher by the Ukraine war drove him to leave his adoptive home in Poland.

Germany's Deutsche Bank has a stark warning to European companies borrowing from U.S. lenders: They will drop you when times get tough.

European Union ministers warned on Friday that time was running out to resolve differences with Washington over U.S.

European stocks were subdued on Friday, with retail shares coming under pressure on fears of a bumpy holiday shopping season due to high inflation and slowing global economic growth.

French members of parliament are expected to vote for the first time Thursday on a complete ban on bullfighting, after a national debate that has pitched animal rights defenders against fans of the traditional blood sport.

The European Commission is likely to approve next week Hungary's post-pandemic recovery plan to keep open the possibility of EU disbursements later, but hold back any payouts until Budapest fulfils all agreed conditions, sources at the EU executive said.

EU energy ministers failed Thursday to agree a cap on gas prices to mitigate the energy crunch in Europe amid deep divisions over an initial proposal slammed by many as a "joke."

Credit Suisse predicted a surprise fourth-quarter pre-tax loss of up to $1.6 billion as the beleaguered bank undertakes a radical overhaul, sending stocks tumbling again on Wednesday.

More than 20 nations have reached an agreement on funding space projects over the next three years after last-minute delays in ministerial talks in Paris, two delegates told Reuters.

The downturn in euro zone business activity eased slightly in November offering a glimmer of hope the expected recession may be shallower than feared, but consumers still cut spending amid a cost of living crisis, a survey showed on Wednesday.

European companies are again looking to sell bonds after months of turbulence in world markets as investors warm up to riskier debt, offering the final opportunity to raise money before the year ends.

Italy's new far-right government unveiled its 2023 draft budget on Tuesday, with most of the nearly 35 billion euros in spending going on the energy crisis rather than flashy electoral promises.

The global economy should avoid a recession next year but the worst energy crisis since the 1970s will trigger a sharp slowdown with Europe hit hardest, the OECD said on Tuesday, urging central banks to keep hiking interest rates.

A European Union proposal buoyed hopes of progress at the COP27 climate summit on Friday, its final scheduled day, as the 27-country EU said it would back one of the toughest agenda items - financing for countries wracked by climate-fuelled disasters.

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 equities mostly fell Thursday with London on tenterhooks before a painful UK budget set to rip up the country's economic forecasts.

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.

European stock markets slid Wednesday, with investors spooked over a deadly missile blast in Poland near the border with Ukraine.

European shares fell on Wednesday, with Mercedes Benz Group leading losses in automobiles stocks, while a blast in Poland kept sentiment subdued and pushed up defence stocks.

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.

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.

Hungary made a "significant step" towards securing billions in economic stimulus funds by accepting European Union demands on the independence of the judiciary, an official with the bloc told Reuters on Friday.

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.

Asian stocks fell on Thursday after inconclusive US midterm election results and a cryptocurrency crisis hammered markets.

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.

Italy aims to follow a cautious fiscal policy in order to lower its public debt but is ready to act quickly to curb surging energy costs and head off recession risks, Economy Minister Giancarlo Giorgetti told parliament on Wednesday.