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Analysts’ View: EU progress lifts euro, stocks on the defensive

LONDON (Reuters) – EU leaders reported some progress on Monday after three days of haggling over a coronavirus stimulus plan, sending the euro to a four-month high and Italy’s borrowing costs to lows not seen since March. An attempt to reach a compromise faile... More »

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EU leaders show first signs of compromise on stimulus plan

BRUSSELS (Reuters) – Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2 trillion) coronavirus stimulus plan on Monday as talks in Brussels extended to a fourth day. Divided and slow to respond ... More »

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Estonian center-right opposition wins elections

TALLINN (Reuters) – Estonia’s opposition center-right Reform party pulled off a surprise win over Prime Minister Juri Ratas’ governing center-left Centre party in Sunday’s parliamentary elections. The results put Reform leader Kaja Kallas in the pole position ... More »

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Latvia violated EU law in removing ECB policymaker, court rules

LUXEMBOURG (Reuters) – Latvia violated European Union law by barring from office its central bank governor, who is also a European Central Bank policymaker, the European Court of Justice ruled on Tuesday in a widely expected decision. Ilmars Rimsevics was susp... More »

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Swedbank replaces EY with forensic auditors to investigate money…

STOCKHOLM (Reuters) – Swedbank said on Tuesday it had hired external forensic auditors to investigate information in a media report linking the bank to a Baltic money laundering scandal, replacing recently appointed audit firm EY. Sweden’s public broadcaster a... More »

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Lithuania sees flood of UK fintech firms apply for licences ahead…

VILNIUS (Reuters) – About 100 British financial companies and start-ups are applying for a licence in burgeoning fintech hub Lithuania to ensure they have access to the European Union after Brexit, the country’s central bank told Reuters. Britain is due to lea... More »

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Poland and Lithuania agree to build undersea power cable

WARSAW (Reuters) – Polish and Lithuanian power grid operators said on Friday they had agreed to build a high voltage direct current (HVDC) underwater cable by 2025 as part of a plan to connect the electricity grids of the Baltic states with those of the Europe... More »

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Ice packs: Cigarette smugglers find frozen route to Lithuania

1,500 packs of cigarettes found being smuggled under a block of ice flowing on river Neris from Belarus are seen near village of Moliai, Lithuania January 19, 2018 in this photo provided by State Border Guard Service. State Border Guard Service/Handout via REU... More »

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Take Two for Trump in talks with unnerved European allies

FILE PHOTO: U.S. President Donald Trump attends a working dinner meeting at the NATO headquarters during a NATO summit of heads of state and government in Brussels, Belgium, May 25, 2017. REUTERS/Matt Dunham/Pool/File Photo U.S. President Donald Trump will get... More »

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ECB`s Draghi drops reference to `downside risks` to economy

FILE PHOTO: European Central Bank President Mario Draghi (R) and his wife (L) arrive at the Petruzzelli Theatre during a G7 for Financial ministers in the southern Italian city of Bari, Italy May 11, 2017. REUTERS/Alessandro Bianchi/File Photo European Central... More »

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Pence heads to Europe on reassurance tour

U.S. Vice President Mike Pence delivers remarks before swearing in Education Secretary Betsy DeVos at the Eisenhower Executive Office Building at the White House in Washington, U.S. February 7, 2017. REUTERS/Jonathan Ernst U.S. Vice President Mike Pence will s... More »

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Trump says NATO is obsolete but still `very important to me`

U.S.President-elect Donald Trump makes an appearance in the lobby at Trump Tower in New York, U.S., January 13, 2017. REUTERS/Mike Segar U.S. President-elect Donald Trump said NATO was obsolete because it had not defended against terror attacks, but that the m... More »

Lithuanian village crowns prettiest goat in annual pageant

RAMYGALA, Lithuania The Lithuanian village of Ramygala held its annual beauty pageant on Sunday, the top prize going to a 16-month-old female goat called Demyte, or “Little Spot”. Around 500 people braved the summer heat to attend the parade in honor of the go... More »

NATO to send troops to deter Russia, some allies want more

BRUSSELS Britain, Germany and the United States advanced plans on Tuesday to spearhead a new NATO force on Russia’s border from next year, but some eastern allies said the alliance’s effort must go further to deter Moscow. Weeks before a critical NATO summit i... More »