Brussels

Car industry holds financial crisis talks in Brussels

Brussels - Europe's biggest carmakers were holding emergency talks with the European Union's industry commissioner in Brussels on Wednesday to call for more EU support during the financial crisis.

"In today's difficult operating environment ... the European automotive industry more than ever requires a stable and predictable policy framework to ensure competitiveness and employment, while sustaining safety and environmental progress," a press release from umbrella auto organization ACEA said.

At the talks, EU Industry Commissioner Guenter Verheugen was set to meet ACEA head Christian Streiff, together with the heads of major manufacturers such as Daimler, Fiat and Volvo.

EU approves German banking rescue plan

Brussels  - The European Commission on Tuesday approved Germany's 470-billion-euro (588-billion-dollar) financial rescue package after finding that it does not violate European Union treaty rules.

"The package constitutes an adequate means to remedy a serious disturbance in the German economy while avoiding undue distortions of competition," the bloc's executive arm said in a statement.

In approving the package, officials in Brussels noted that the German measures do not discriminate against foreign banks, they are limited in time and scope, and they foresee "adequate safeguards to minimize distortions of competition."

EU businesses expect 1 million job losses in 2009

EU businesses expect 1 million job losses in 2009 Brussels - European Union businesses called Monday for a cut in interest rates amid predictions that the bloc's economic slowdown could lead to more than 1 million jobs being lost in 2009.

BusinessEurope, which groups national business federations from 34 European countries, also called on governments to ensure a continued flow of credit and to approve structural reforms aimed at improving the continent's competitiveness.

EU welcomes Somali ceasefire, NATO ends first anti-piracy mission

EU & NATOBrussels - The European Union on Monday welcomed a ceasefire agreement in Somalia, while NATO said it had successfully completed its first anti-piracy mission off the Somali coast.

EU foreign policy chief Javier Solana and NATO Secretary General Jaap de Hoop Scheffer stressed the importance of cooperation between the two Brussels-based institutions during a regular meeting of ambassadors at the alliance's headquarters.

One area in which the two organizations are working together is in the fight against pirates operating in the Gulf of Aden.

Insurer KBC joins Belgium's bail-out club

Insurer KBC joins Belgium's bail-out club Brussels - Belgian insurance and banking giant KBC joined the country's bail-out club Monday by securing a capital injection of billions of euros from the state.

"KBC and the Belgian government have reached an agreement to further strengthen KBC's financial position. This will create an additional core capital buffer for KBC and enable it to cope with any future challenges," the company said in a statement.

The deal involves KBC selling 3.5 billion euros (4.3 billion dollars) worth of non-voting shares to the Belgian state.

Commission eyes smoking ban in all EU bars and restaurants

No SmokingBrussels  - The European Commission wants to ban smoking in bars and restaurants across the European Union, officials in Brussels said Monday.

However, discussions on a smoking ban in all of the member states' workplaces are still at the preliminary stage, meaning any new rules are unlikely to be implemented before 2010.

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