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EU leaders to tackle economy in autumn amid significant concern

European Union (EU) leaders will address economic issues in the following months as the weak recovery of the EU economy has raised "significant" concerns.

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U.S. dollar rises against euro on policy divergence

​The U.S. dollar strengthened against most major currencies Friday and rose versus the euro as the Federal Reserve is expected to raise interest rates in 2015 while the European Central Bank (ECB) may expand monetary easing measures.

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Latvia to spend near 2 million euros on events during EU presidency

​Latvian government has planned to spend 1.87 million euros ( 2.46 million US dollars) on the organisation of various events related to the Latvia's presidency of the European Union (EU), local media reported on Monday.

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As European deflation risks rise, Italy stands to suffer more

Italy's finance minister said Tuesday he is convinced that compatriot, European Central Bank governor Mario Draghi, will begin taking steps to combat the risk of deflation -- a risky prospect all across the euro-zone but an especially dangerous one in heavily indebted countries like Italy.

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Juncker wins EP election as new European Commission chief

As expected former Luxembourg Prime Minister Jean-Claude Juncker has been voted President of the European Commission (EC).

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Big three EP parties gang up to block eurosceptic committee chair

As expected the eurosceptic group Europe of Freedom & Direct Democracy (EFDD) failed on Monday to win the chairmanship of the petitions committee of the European Parliament (EP).

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Cameron forces EU to vote on European Commission presidency

British Prime Minister David Cameron on Monday asked European Council President Herman Van Rompuy to prepare the European Council for a vote on the future president of the European Commission, Downing Street announced Monday.

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Eurosceptic UKIP wins European elections in Britain

British Deputy Prime Minister and leader of the pro-European Liberal Democrats Nick Clegg said Monday his party suffered a "huge setback" in the European elections, as the Eurosceptic UK Independence Party (UKIP) has wiped out most of its seats in the European legislature.

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European Parliament elections need EU reform: David Cameron

British Prime Minister David Cameron on Monday said the turnout and results in the European Parliament (EP) elections underlined the need for reforming the European Union (EU), urging European leaders to show that the EU cannot be "business as usual."

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Socialists win Portugal's European Parliament elections

Portugal's main opposition Socialist Party has defeated the governing coalition in elections to the European Parliament, according to exit polls on Sunday.

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European Parliament elections kick off in Britain

Elections to the European Parliament kicked off Thursday in Britain as millions of Britons flocked to polling stations to decide who can represent them in the European legislature.

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Hungary's PM calls Strasbourg court ruling outrageous

Hungarian Prime Minister Viktor Orban on Tuesday called a ruling issues by the European Court of Human Rights against Hungary "outrageous".

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Hong Kong is Europe's best connector to Chinese mainland: C Y Leung

Chief Executive of the Hong Kong Special Administrative Region (SAR) of China, Leung Chun-ying, also known as C Y Leung, on Thursday said Hong Kong is Europe's best connector to the mainland of China.

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EU drops anti-dumping probe on Chinese telecommunications equipment

European Union trade chief announced on Thursday the anti-dumping investigation against Chinese telecommunications equipment makers will not be pursued.

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EU sets up high-level group on "own resources" to work on budget

The European Union has formally established a high-level group on so-called "own resources" on Tuesday in a bid to study and therefore improve the current system for the EU budget.

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Kiev urges responsible international reaction to Ukraine crisis

The Ukrainian Foreign Ministry on Wednesday called on the international community to be objective and restrained while assessing the political situation in the East European country.

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Ukraine crisis in spotlight at Munich Security Conference

The annual Munich Security Conference concluded here on Sunday with several issues heatedly discussed, among which the crisis in Ukraine has been put in the spotlight.