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China's Huawei, ZTE face EU action on telecom subsidies: FT

HONG KONG (Reuters) - The European Union is set to launch a major trade case against China's biggest telecom equipment makers, arguing that they have benefited from illegal government subsidies, the Financial Times said. Full story

Serbian tells Putin he will not trade Kosovo for EU

MOSCOW (Reuters) - Serbia is on a "long and uncertain" road to joining the European Union but will not give up its claim to Kosovo for the sake of membership, President-elect Tomislav Nikolic told Russian President Vladimir Putin on Saturday. Full story

EU says China, U.S. also have economic work to do

BRUSSELS (Reuters) - The United States and Japan need to tackle their tax issues and China must relax restrictions on the yuan as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G20 economies. Full story

'Yes' side to EU treaty holds lead in Irish poll

A new Irish poll suggests a majority of voters plan to say "yes" next week to the European Union fiscal treaty. Full story

EU says China, U.S., Japan also have economic work to do

BRUSSELS (Reuters) - The United States and Japan must tackle their tax issues and China must relax restrictions on the yuan, as they share responsibility with Europe for restoring global economic health, EU leaders said ahead of a June summit of the G20 leading economies. Full story

EU takes action against Argentina at WTO

The European Union on Friday started legal proceedings at the World Trade Organization against Argentina, claiming the South American country stifles imports to protect its own industry. Full story

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Euro remains near 22-month low on Europe fears

EU members among most open trading nations: study

Portugal parliament passes pro-growth agenda

Miracle sweetener stevia may have a sour note

EU structural funds could help Greece: French PM

Gold extends losses ahead of EU summit

Insight: EU foreign policy chief Ashton stays out of the spotlight

Gold stalls below $1,600/oz; EU summit eyed

News Summary: EU presses Google to ease concerns

EU boosts aid to Yemen to combat worsening food crisis

Video

  Santelli's Take on Europe's Budget Mandate

CNBC's Rick Santelli and Mark Grant, Southwest Securities, discuss achieving budgetary discipline in the EU, and Spain's growing debt issues.

  Ahead of the EU Meeting

CNBC's Simon Hobbs discusses what he is watching ahead of the EU meeting in Brussels.

  Gold Prices Lower

Gold prices are near their lows of the session and the euro is falling. CNBC's Sharon Epperson reports traders are awaiting the EU summit to find out the direction of currencies and metals.

  European Markets Extend Gains

CNBC's Kelly Evans reports on Europe's stocks, bonds and investor hopes ahead of Wednesday's summit with European Union leaders.

  Greek vote against austerity rattles EU  

German Chancellor Angela Merkel and the rest of the EU said Greece must continue with the economic reforms agreed to as part of its bailouts. ITN’s Richard Edgar reports.

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German Chancellor Merkel arrives to attend an informal EU leaders summit in Brussels
German Chancellor Merkel arrives to attend an informal EU leaders summit in Brussels

German Chancellor Angela Merkel arrives to attend an informal EU leaders summit in Brussels May 23, 2012. REUTERS/Pascal Rossignol

European Union foreign policy chief Catherine Ashton addresses a news conference after a meeting in Baghdad
European Union foreign policy chief Catherine Ashton addresses a news conference after a meeting in Baghdad

European Union foreign policy chief Catherine Ashton addresses a news conference after a meeting in Baghdad, May 24, 2012. After discussions in Baghdad extended late into an unscheduled second day between envoys from Iran and the six powers, European Union foreign policy chief Catherine Ashton said

An official walks under the European Union's national flags in the main press room of the EU Council in Brussels
An official walks under the European Union's national flags in the main press room of the EU Council in Brussels

An official walks under the European Union's national flags in the main press room of the EU Council in Brussels ahead of an EU informal heads of state summit May 22, 2012. REUTERS/Francois Lenoir

European Union foreign policy chief Catherine Ashton and Iran's chief negotiator Saeed Jalili attend a meeting in Baghdad
European Union foreign policy chief Catherine Ashton and Iran's chief negotiator Saeed Jalili attend a meeting in Baghdad

European Union foreign policy chief Catherine Ashton and Iran's chief negotiator Saeed Jalili attend a meeting in Baghdad, May 23, 2012. REUTERS/Government Spokesman Office/Handout