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

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Julius Baer cooperating in French probe

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Julius Baer is cooperating in a French investigation into suspected money laundering and tax fraud by a former client involved in the European carbon allowances market, a spokeswoman said, following French media reports.

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How the UK could manage if it quit the EU

A member of Britain's diplomatic service has won a 100,000 euro ($140,000) cash prize for his proposal outlining a blueprint for Britain after its potential exit from the European Union.

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'We Feel Like Crying': Cypriots Lament 'Terrible' Deal

A day after Cyprus struck an 11th hour bailout deal with international creditors, economists warned of the devastating impact it would have on the Cypriot economy as ordinary Cypriots attempted to come to terms with a new reality.

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