Topic: European Union

SINGAPORE/WASHINGTON (Reuters) - Global factory activity slowed in October on weak demand for exports, with a sharp contraction in Britain's manufacturing sector suggesting that Europe was on the brink of a new recession.While manufacturing surveys on Tuesday from North America to debt ...

BEIJING (Reuters) - China said on Thursday it welcomed the consensus reached at the European Union's summit to tackle the euro debt crisis and supported measures taken by the bloc."We hope that this consensus ... is conducive to boosting market confidence," Foreign ...

European leaders faced intense pressure on Wednesday to deliver on a promise to resolve the debt crisis at a summit crucial to the world economy as they battled to protect Italy from collapse.European Union presidents and prime ministers gather for their second ...

Europe struggled to finalise a grand deal to end its festering debt crisis Tuesday on the eve of a summit vital to the world economy but clouded by fears of Italy following in the footsteps of bailed-out Greece.Global markets were lower in ...

US stocks sank Tuesday on indications of a still-weak economy and worries that European leaders might not reach a deal on resolving the eurozone debt crisis on the eve of a key summit."Yesterday's confidence stemming from economic optimism, hopes of a debt ...

TOKYO (Reuters) - The European Union is ready to adopt decisive measures to tackle its sovereign debt crisis, French Prime Minister Francois Fillon said Sunday."Member states, including France and Germany, and various EU institutions are ready to take decisive measures," Fillon told ...

Rifts between European Union nations over how to solve the eurozone debt crisis threatening the world economy on Thursday forced the 17-nation eurozone to call a fresh summit next week.After vowing decisive action to G20 partners to resolve Europe's crisis, wrangling between ...

Beijing expressed confidence Thursday in Europe's ability to overcome its worst financial crisis in decades, ahead of a China-EU summit on October 25.Europe's debt crisis will top the agenda when the president of the European Commission Jose Manuel Barroso and European Union ...

France vowed Tuesday to keep its triple-A rating following a warning from Moody's, as Germany's Angela Merkel warned that the upcoming EU summit was only one step in resolving a crisis over eurozone debt that took years to build up.The European Union ...

European Commission chief Jose Manuel Barroso has proposed the introduction into European law of "individual responsibility" which would expose financial sector wrong-doers to criminal sanctions."This Thursday I am going to propose that individual criminal responsibility for financial players be recognised in European ...