The European Union (EU) is an economic and political union of 27 member states that are located primarily in Europe.

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UK economic growth passes pre-crisis peak

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Britain's economy powered on in the second quarter, recording its strongest growth since before the financial crisis, but economists warned the pressure was on UK consumers and businesses to sustain the recovery amid the threat of a triple-dip recession in the eurozone.

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Cyprus Bailout 'Disaster' Risks New Euro Crisis

The decision by the euro zone to force bank depositors in Cyprus to contribute towards a bailout, a first in the euro zone debt crisis, could hurt other peripheral nations, the euro and the global stock market rally, analysts warned.

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London bankers have more top earners

More than 3,500 bankers in Europe earned $1.36m or more last year after a big jump across the continent and in Britain, which had 12 times as many high earners as any other country.

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