EUROPEAN UNION

Angola crash

Angola Loses Top Generals in Plane Crash

Thirty people died in Angola on Wednesday when a military plane crashed shortly after take off. Six people survived the accident with moderate to severe burns.
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Counting the cost if EMU fails

Greece's exit from the euro zone would inflict untold damage on Europe's economy, further burnish the attractiveness of a rising Asia and hasten the emergence of China's yuan as a global currency.
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France Nuclear Explosion: Will Sarkozy Eat His Words?

After an explosion at a Nuclear power plant in France on Monday, President Nicholas Sarkozy has remained mum. Sarkozy is perhaps the world's biggest political proponent of nuclear energy, and he has repeatedly insisted that France's plants are the safest, most modern in the world.
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Euro Zone Central Banks Boost Gold Holdings

Gold and gold receivables held by euro zone central banks rose by 1 million euros to 363.249 billion euros in the week ending Sept. 9, the European Central Bank said on Tuesday.
Europe Debt Crisis

U.S. Investors Concerned Europe Debt Crisis Will Worsen

U.S. investors remained concerned that Europe's leaders are not getting ahead of the Greek crisis, which could result in a full-fledged Europe bank crisis, even as German Chancellor Angela Merkel, while not committing more German funds to possible intervention, again dismissed talk of a Greek default.
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Greek Default Jitters Hammer French Banks, Euro

Growing fears of a Greek default sent a hurricane through heavily exposed French banks on Monday and hit the euro as investor confidence in the European currency area's ability to surmount a sovereign debt crisis ebbed.
french nuclear explosion

France Confirms Nuclear Explosion, Death

In France, a nuclear explosion has killed one and injured four more. The event comes on the heels of a re-investment in nuclear energy by President Nicolas Sarkozy.
A factory building of German car manufacturer Opel is pictured at the headquarters in Ruesselsheim

Analysis: GM's Opel Facing Uncertain Future

Near the peak of General Motors Co's financial crisis, Opel workers laid a coffin at the feet of the brand's founder Adam Opel to mark what they considered the death of the brand.
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Juncker wants full-time Eurogroup chief

The euro area needs a full-time financial leader to better respond to its sovereign debt crisis, Eurogroup leader Jean-Claude Juncker said on Saturday, signaling that the pressures of the job are too much.
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Artists Set to Win European Music Copyright Battle

Musicians are likely to win longer copyright protection of their work in Europe next week, helping artists and record labels as music revenues decline, and bringing Europe closer into line with the United States.
A U.S. flag flies outside an entrance to the New York Stock Exchange

Wall Street tumbles as ECB discord stirs fears

U.S. stocks tumbled on Friday after the top German official at the European Central Bank resigned in protest of the bank's bond-buying program, which has been a major tool in fighting the region's debt crisis.
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European Markets Continue Slide

European shares kept falling Friday, with investors disappointed on U.S. stimulus measures, and banks lower after Goldman Sachs downgraded target prices across the sector.
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EU Chamber: China market barriers grow for EU business

A decade after its World Trade Organisation accession, China has increased some discriminatory policies on foreign businesses, a European business lobby said on Thursday, casting doubt on official pledges to level the playing field.

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