European Union
President Bush's challenge to EU leaders to scrap massive agricultural subsidies in the developed world has come on the eve of the G8 summit in Gleneagles, where leaders are expected to make significant commitments to combating poverty in Africa. Bush said that opening markets to Africa would reduce
European Union
EU Trade Commissioner Peter Mandelson recently spoke to the Council on Foreign Relations in New York, emphasizing the need for governments to develop a political response to economic change that addresses the needs of those affected while preserving the benefits of free trade and open markets. He warned of a
European Union
The European Union has taken a significant step towards adopting US-style software patents, despite opposition from the open-source community. In a vote of 16 to 10, the legislature's legal affairs committee supported the draft Directive on the Patentability of Computer-Implemented Inventions, largely defeating attempts to limit software patentability.
European Union
Global economic growth concerns led to the largest one-day price gain in almost seven months for 10-year Treasury notes yesterday. The yield on the benchmark 10-year note fell 0.10 percentage point, to 3.94 percent, the lowest since June 8. This decline was influenced by the possibility of rate
European Union
European leaders continued to air their grievances against each other on Tuesday, following the failed European Union summit meeting. French Prime Minister Dominique de Villepin fiercely criticized the British government for demanding a generous rebate, calling it an anachronistic expense from the past. In contrast, de Villepin defended the billions
European Union
EU leaders are grappling with negotiations to finalize the 2007-2013 financial perspective on future funding for the Union's policies, as talks on Friday afternoon teetered on the edge of collapse in Brussels. The UK Prime Minister Tony Blair is adamant that a deal is only feasible if there
European Union
British Prime Minister Tony Blair continues to insist on a GBP 3 billion rebate from the European Union, citing disagreements over farm subsidies that consume 40% of the EU's funds. Blair's stance has sparked a crisis in the European Union, with leaders struggling to conclude a
European Union
President Chirac's call for a "gesture of solidarity" from the UK has become a major point of contention ahead of the EU summit next week. Despite the Luxembourg Presidency's compromise proposal, which would see the UK rebate frozen at 1997-2003 levels and then reduced
European Union
EU leaders are rushing to resolve the union's budget crisis, which may lead to a fund crisis in the union's budget. The plan involves forcing Britain to relinquish its rebate, which would largely compensate for the country's heavy contributions to the EU budget. The
European Union
The European Union announced plans to countersue the United States at the World Trade Organization (WTO) in a long-standing dispute over government subsidies for aircraft makers Airbus and Boeing. The move comes after the US filed a case against Europe for allegedly subsidizing Airbus, a rival of Boeing in the
European Union
The United States will file a request with the World Trade Organization (WTO) to establish a dispute settlement panel to resolve the trade dispute over the European Union's subsidies to Airbus, a major rival of US aircraft maker Boeing, US Trade Representative Rob Portman announced. The decision comes
European Union
French voters are heading to the polls today to decide the fate of the European Union constitution, a landmark document that requires unanimous approval from all 25 EU member states to become binding. The outcome of the referendum, which has been estimated to be a narrow "no" vote
