Bloomberg Business

EU Finance Ministers Closer to Breakthrough on Debt Rules

European Union finance ministers are moving closer to an agreement this year on implementing new fiscal rules as Germany and Italy show readiness to compromise after months of sparring over how to rein in the bloc’s debt.

Erdogan Says Turkey, EU May ‘Part Ways’ After Critical Report

President Recep Tayyip Erdogan said Turkey could “part ways” with the European Union over its membership bid in the wake of a report published by the bloc last week that criticized the country for democratic shortcomings including censorship laws.

Week That Started With WTO Warning Ended With Trade Battle

The warning from the World Trade Organization in Geneva early this week was unambiguous: A global economy split into rival trading factions would reduce real incomes 5% — maybe double that amount in poor countries.

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