The aim is to help countries and sectors worst hit by the COVID-19 pandemic recover quickly and protect the EU single market of 450 million...

British and EU officials are not optimistic about the awaited Brexit deal as the prospect of negotiations are at an impasse. Britain is mak...

GDP in the 17-nation region will fall 0.4% this year, compared with a Feb prediction of a 0.3%, the Brussels-based commission said.

Apparel exports stood at $1 bn, dropped 16.7% in July 2012-13. Exports in the first four month dropped 13.23% over same period last fiscal.

Tata Steel has said the prolonged slowdown that led to a decline in steel consumption in the European Union and the UK is likely to affect ...

The European luxury industry boomed in 2011, untouched by global economic slowdown, with demand from China helping to swell profits.

Indian woolen apparel manufacturers are focusing on growing demand from affluent customers in the domestic market for high-end products due...

Handicrafts exports slumped in 2007-08 and have been struggling since then due to continuing economic uncertainties in the major markets of...

The European Union is facing a recession until at least 2011, with the bloc's economy set to contract by 0.1 per cent in 2010 following a w...

European consumer and business confidence slumped to a new record low in March although the pace of decline slowed in a possible sign of st...

European Union leaders agreed to double a credit line for countries in financial distress, trying to shore up ex-communist economies hit by...

Former EU trade commissioner Peter Mandelson has said that efforts should be made to implement the EU-India FTA this year as it could help ...

Latvia has reached a deal with lenders including the IMF and EU on an international financial package to help it cope with its deepening ec...

Consumer and business confidence in the European Union slumped in November to the lowest level in 23 years in the face of looming recession...

Factories and refineries in the 15 nations that use the euro cut output in September in the face of slowing economic activity, according to...

EU leaders under pressure to chalk out rescue plans as the Euro zone’s economic outlook darkens.

15 countries using the euro have slumped into a shallow recession in the face of the worst financial crisis in generations. 2008: Year of f...