Bloomberg Carmakers are discovering there are limits when it comes to influencing European Union climate policy. A decade after the EU crafted its first caps on carbon dioxide from autos by heeding manufacturers’ calls to go easy, the bloc will likely ignore similar pleas regarding the next set of proposed reduction targets. Slated for 2025 and 2030, these limits will ...

Bloomberg The UK’s painful pay squeeze in the aftermath of the financial crisis helped save 800,000 jobs, according to new research. A report published by the Resolution Foundation showed that real average earnings in the UK fell by about 7 percent between 2009 and 2014, the equivalent of a 1 billion-pound ($1.3 billion) weekly wage loss. Still, that pain saved ...

Bloomberg European Commission President Jean-Claude Juncker called on Italy to redouble its fiscal efforts to avoid deviating from the goals agreed to with Brussels, saying the government in Rome has already enjoyed concessions on spending. The commission “has to look out for the observation of the rules, and in the case of Italy we have introduced lines of flexibility in ...