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The EU High Representative for Foreign Affairs and Security Policy Josep Borrell speaks next to Spain's Minister of Defence Margarita Robles (not pictured) at a press conference during the informal EU ministerial meeting on defence in Toledo, Spain August 30, 2023. REUTERS/Isabel Infantes/File Photo Acquire Licensing RightsTOLEDO, Spain, Aug 30 (Reuters) - The European Union is moving ahead with the legal groundwork to impose sanctions on members of a junta that seized power in Niger last month, EU foreign policy chief Josep Borrell said on Wednesday.In deciding on sanctions, the...

Inflation Reduction Act raised fears of investment shift to U.S.EU decision to relax state aid rules has helped ease fearsEU working on more legislationCritics say EU legislation favours big states, big companiesBRUSSELS, Aug 17 (Reuters) - When the United States launched its massive green subsidies push a year ago, many in Europe feared it would be a fresh blow to their regional economy grappling with the knock-on effects of war in Ukraine and lingering aftershocks of the COVID-19 pandemic.Yet while critics argue the European Union has yet to offer a...

LONDON/FRANKFURT, July 28 (Reuters) - Three banks from the European Union failed to meet binding capital requirements in a stress test that saw a theoretical 496 billion euros ($546 billion) wiped from their buffers, the bloc's banking watchdog said on Friday.Bank stress tests became a feature in Europe and the United States after the 2008 global financial crisis when taxpayers had to bail out some undercapitalised lenders. They are now part of routine supervision to ensure banks can still support the economy even in times of stressed markets.The European Banking...