Banks must inform clients of risks of foreign currency loans: EU Court

Banks lending in foreign currencies are under an obligation to provide sufficient information to enable a borrower to take prudent and well-informed decisions, the EU's top Court ruled Wednesday.

Digital economy must gear up for EU tax reform

The EU Commission launched its agenda to reform taxation of online business Thursday, paving the way for a legislative proposal on EU rules for taxation of profits in the digital economy.

EU to tighten supervision of financial sector after Brexit

The EU Commission proposed reforms Wednesday to tighten the EU's supervisory architecture for the financial sector, paving the way for further financial integration after Brexit.

EU targets end to data localisation

The EU Commission proposed a framework for the free flow of non-personal data Tuesday, highlighting the removal of data localisation restrictions as key to unlocking the potential of Europe's data economy.

Brussels to launch new cyber-security agency

The European Union proposed Tuesday a set of measures to step up its cybersecurity capacity, including a cyber-safety scheme and other tools to ensure Europe is better equipped to deal with cyber-attacks.

State aid: EU approves alternative RBS plan

The EU Commission approved Monday under EU State aid rules the alternative package proposed by UK authorities to replace the commitment for Royal Bank of Scotland to divest Williams & Glyn.

Innovation focus for EU's new industrial strategy

A 'smart, innovative and sustainable industry' is the goal of the EU's new industrial strategy, launched by the European Commission Monday in the wake of last week's 'state of the Union' address.

EU proposes screening of foreign investments

As part of its new trade package, the European Commission unveiled proposals Thursday to set up a European framework for screening foreign direct investment into the European Union.

EU Court rejects Ryanair claim to Irish law for crew

The European Court of Justice ruled against Ryanair Thursday in its battle to consider its cabin crew as Irish under Irish law in a case of air crew against Ryanair and its temporary staff agency Crewlink.

EU strengthens sanctions against North Korea

EU ministers strengthened restrictive measures against the Democratic People's Republic of Korea Thursday, and prolonged sanctions over actions against Ukraine's territorial integrity.

Brussels unveils its new 'progressive trade policy'

Following yesterday's State of the Union speech, the EU Commission unveiled Thursday a package of trade and investment proposals including to open talks for trade deals with Australia and New Zealand.

EU Court upholds Italian farmer use of GM crops

EU Member States cannot adopt emergency measures regarding genetically modified food and feed without evidence of a serious risk to health or the environment, the EU's top Court ruled on Wednesday.