European Union

The City as Savior of E.U. Finance

It is perhaps too much to expect the Conservative-led government in Britain to lead any initiatives on Europe, given the orgy of self-destruction in the party over whether Britain should stay in the European Union. But insofar as David Cameron manages to get some respite from the madness, he should introduce a strategy to enhance…

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Europe’s Economics Chief Tries to Peel Off ‘Mr. Austerity’ Label

With more than 26 million Europeans out of work and the economies of the 27-nation bloc shrinking over all for six quarters in a row, Mr. Rehn, the commissioner for economic and monetary affairs, has become a lightning rod in recent months for swelling anger across Europe against the harsh belt-tightening policies generally known as…

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CO2 Emission Permit Prices Plunge In Europe: What’s Up?

Whether this represents trouble or not depends on what you think the goal of the program should be. If the goal is to ensure that emissions in the covered industrial sectors are no higher than the emissions caps, then the program has worked…

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E.U. Considers Emission Fines for Chinese and Indian Airlines

The carriers are accused of not providing emissions data, as required by the European rules, and not participating in a permit system that entitles airlines to emit greenhouse gases in European airspace. The volumes of carbon dioxide that the European Commission said the 10 carriers emitted through their jet engines in Europe last year was…

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Warner Music Gains Approval to Buy Parlophone, a Last Piece of EMI

European regulators on Wednesday approved the Warner Music Group’s purchase of the Parlophone Label Group, tying up one of the last loose ends from the $4.1 billion breakup of EMI. The Universal Music Group, the world’s largest music company, agreed in late 2011 to pay $1.9 billion for EMI’s recorded music assets, including music by…

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Europe Seeks U.S. Help as Airline Emissions Dispute Intensifies

Starting in late September, the International Civil Aviation Organization, a U.N. agency, will supervise discussions in the Canadian city in which the European system is expected to meet severe criticism from many other nations. Without an agreement on a global system, the European Union may have to drop the airline component from one of its…

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Dispute Reflects European Isolation on Airline Emissions

Starting in late September, the International Civil Aviation Organization, a U.N. agency, will supervise discussions in the Canadian city in which the European system is expected to meet severe criticism from many other nations, including the United States. Without an agreement on a global system, the European Union may have to drop the airlines component…

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Low Inflation and Falling Imports Confirm Slump in Euro Zone

BRUSSELS — Falling prices in Germany and France pulled euro zone consumer inflation to a three-year low in April, while imports fell 10 percent in March, as new data showed the depth of the bloc’s downturn. The sharp drop in annual consumer inflation to 1.2 percent, confirmed by the European Union’s statistics office, Eurostat, on…

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Cameron Survives Challenge on Europe Policies, but Vote Is Closer Than Expected

In a parliamentary ballot, 130 lawmakers, most of them from Mr. Cameron’s Conservative Party, voted in favor of a resolution criticizing his handling of a burgeoning crisis over whether Britain should leave the 27-nation European bloc, which is seen as a cornerstone of the world’s economic and political architecture. British analysts had forecast that around…

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At United Nations, British Leader Struggles With Dissent Back Home

Mr. Cameron is to end a three-day visit to the United States on Wednesday, returning only after Parliament in London most likely will have voted on a resolution by rebels within his Conservative Party criticizing him over his policies on Europe. John Bercow, the Parliament speaker, is expected to announce on Wednesday whether he will…

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