Britain contributes far more to the budget of the European Union than it receives in subsidies for agriculture and infrastructure. Its prime minister wants to freeze the budget where it is.

European Union leaders are gathering in Brussels to hammer out a budget for the EU. And the task will not be easy with the continent still trying desperately to claw its way out of debt.

The storm clouds are gathering over the European economy. The European Commission says the economy in the European Union will shrink this year and that next year it will only barely grow.

Geographer Harm de Blij on the destiny of an unstable union.

The European Union is accusing Microsoft of failing to comply with an anti-trust agreement, meaning Microsoft could face a hefty fine.

The Nobel Prize committee announces their pick for this year's Nobel Peace Prize. The winner? The European Union.

At last some good news for Europe — racked by the worst economic crisis in its history, the European Union has just won the Nobel Peace Prize.

September manufacturing wilted in Europe — and a new unemployment report by the EU shows lots of young people were out of work in August. But European stock markets had a strong day. What gives?

Iranian oil producers may find other ways to sell their product, but with few options to insure their ships, a lot of oil will be sitting in the harbor.

There's a big EU summit going on in Brussels today, and it appears leaders have come up with an agreement that may help ease the debt crisis — at least somewhat.