Latest Europe News
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Boston suspect gets Russia burial
Grozny, Russia - The father of a Russian man killed while being questioned about ties to the Boston Marathon bombing suspects says he has brought the body to Russia for ...
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Confederations Cup Zaccheroni aims for Japan victory over Italy - video
Japan's Italian head coach Alberto Zaccheroni says he is looking to defeat his home country when Japan face Italy in the Confederations Cup on Wednesday. Japan know they will be returning to Brazil after qualifying for next year's World Cup and they want to establish a winning habit in the South American ...
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Google Russia denies giving Washington access to servers
Google did not give the US special services access to its servers, head of Google Russia said Wednesday."We didn't give the US government or the authorities of any other country direct access to our servers. All claims that we allegedly did it are false," Julia Solovyova told Moscow's business Kommersant daily.Such requests come regularly but the company only responded to ...
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5 injured in central Turkeys clashes
Clashes between protesters and policemen erupted in Turkey's Central Anatolian province of Eskisehir earlier Wednesday morning, leaving five people injured, Turkish Daily News reported.Over 5,000 protesters gathered outside a mall called Espark in Eskisehir on Tuesday night for an "all-night action," chanting anti-government slogans.Clashes broke out when police tried to disperse ...
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Barack Obama defends NSA surveillance programs in Europe
President Barack Obama defended Friday the National Security Agency's massive surveillance programs that have caused an uproar after they were exposed by the Guardian newspaper in London. (Youtube/Screengrab) US President Barack Obama defended his government's widely criticized NSA surveillance programs in Berlin on Wednesday, as he spoke with German Chanchellor Angela Merkel. Germans ...
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Transportation Minister Meets Turkish Deputy Defence Minister
Paris, June 19 (BNA)-- Transportation Minister Kamal bin Ahmed Mohammed met here today Turkish Deputy Defence Minister Hasan Kemal Yard?mc? and Deputy Undersecretary at Turkey's Undersecretariat for Defence Industries Serdar Demirel during a visit they paid to Bahrain's pavilion at the 50th International Paris Air Show -Le Bourget 2013. The meeting was held on the sidelines of a ...
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Germany agrees financing of 8 billion euro flood aid fund
BERLIN (Reuters) - Germany has agreed the financing of an 8-billion euro (6.8 billion pounds) fund to help repair damage caused by the worst flooding in a decade, with both the federal government and states footing the bill, the finance ministry said on Wednesday. The federal government at the outset will itself raise the full amount for the so-called "reconstruction aid" fund because ...
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Volcanoes ready to erupt in Russia World Cup Sevens
The Philippine Volcanoes hope to continue their remarkable rise in the international level with a strong showing in their maiden participation in the Rugby World Cup Sevens in Moscow, Russia, late this month. Having made an impact in the 15-a-side game, where they are now in Asia's top-flight, the Volcanoes have high hopes in their biggest, most important tournament yet. The Philippines, ...
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President Obama Speaks in Germany
President Obama, speaking in Berlin, proposes deep cuts to America's nuclear weapons and addressed the NSA surveillance program. He also discussed Ben Bernanke, reports CNBC's John ...
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Europe braces for competition from low-cost U.S. satellite launcher
By Irene Klotz PARIS (Reuters) - Space Exploration Technologies is not among the 2,200 companies exhibiting at the Paris Airshow, but its cut-rate Falcon rocket, which has already shaken up the U.S. satellite launch industry, is raising eyebrows in Europe. The privately owned, California-based firm, known as SpaceX, is preparing for the first of about 30 satellite launches, aiming to reverse a ...
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EU entry to help Croatia public finances but growth seen weak - Reuters Poll
By Igor Ilic ZAGREB (Reuters) - Croatia will struggle to get its finances in order after it joins the European Union on July 1 but its entry will reduce the risk that the government will have to seek IMF aid, a Reuters poll shows. Most of the 11 local analysts surveyed this week also think Croatia won't be ready to adopt the euro - which it is obliged to do eventually - for at least six ...
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European shares close slightly lower ahead of Fed
PARIS, June 19 (Reuters) - European shares ended slightly lower on Wednesday in thin trading volumes, as investors eagerly awaited clues from the U.S. Federal Reserve about whether or not it will soon start to wind down its stimulus measures. The FTSEurofirst 300 index of top European shares provisionally closed 0.2 percent lower, at 1,180.73 points, after spending the session in a tight ...
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Goodbye the money-launderers choice €200 note to be taken out of UK circulation
Eurotrash mourn. The EUR200 note - the cash of choice for casino high-rollers, the ostentatiously rich and drug dealers with very small hiding places to fill - is set to be taken out of circulation in ...
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Climate change is the threat of our time Obama renews calls to reduce US-Russia nuclear weapons and to confront global warming
Issuing an appeal for a new citizen activism in the free world, President Barack Obama renewed his call to reduce US and Russian nuclear stockpiles and to confront climate change, a danger he called "the global threat of our ...
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Fitch Withdraws Investment Grade Europe S.A.s Rating
Fitch: Market Moves Bring Bank Interest Rate Risks to Forefront The recent rise in U.S. Treasury yields and speculation surrounding possible changes in the Fed's bond buying program have highlighted the potential risks faced by U.S. banks in a rising rate environment, according to Fitch Ratings. A sustained increase in interest rates, potentially signaling an end to the prolonged low rate ...
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Spain workers evicted after occupying factory
16/06/2013 10:36 CET Industrial tension in Spain against a background of chronically high unemployment came to a head in the Basque country with the forced eviction of 70 workers from their factory near Bilbao. Police moved in on Tuesday following a court order. The company, Troqueleria del norte, which carries out die-casting for the car industry, has been in liquidation since last year and ...
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Russia says U.S. missile defense a big barrier to nuclear cuts
Russia (Reuters) - A senior Russian official said on Wednesday that the U.S. deployment of anti-missile shields was a huge hurdle to any further cuts in the offensive nuclear arsenals of the former Cold War foes, because of concerns the interceptors could shoot down Russian missiles. "How can we take the idea of strategic nuclear weapons reductions seriously when the United States is ...
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Russia wants US to pay for astronaut flights to Space Station
Russia will ask the United States to contribute more toward the costs of flying US astronauts to the International Space Station (ISS), a spokesman for the Russian space agency said Thursday.Roskomos spokesman Vyacheslav Davydenko told AFP that since the US space shuttles stopped supplying the jointly manned station in the wake of the February 2003 Columbia disaster Russia had been shouldering ...
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Mercer expands its services to wealth managers across Europe
European wealth managers can now benefit from Mercer’s expertise with the launch of a new service aimed specifically at private banks, family offices, fund platforms and insurance ...
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Experts predict next European pensions market trends
Realistically, it is unlikely that Europe will see the evolution of a pan-European pensions market within the next ten years, say leading pension experts in a survey by Allianz Global Investors AG (AllianzGI). With the vast majority of European pension schemes shifting towards defined contribution (DC), cost calculability has been at the forefront of these amendments, said AllianzGI. ...
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Europe’s retirement provisions insufficient to serve ageing populations
Long-term savings provisions in Europe are flawed and are no longer able to meet the needs of ageing populations, finds the Janus Capital European Consumer Finance Survey. The study, which is the first of its kind into the European household balance sheet, shows that there are alarming deficits in levels of personal savings and retirement provision across Europe. While consumer hopes and ...
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Aviva sets out plans for European business
Aviva is set to transform its European business by taking full advantage of the growth opportunities presented in the area, and will be integrating its businesses across Europe. In a review of its current presence in Europe, Aviva recognised that the European market offers strong growth potential, with the region’s personal financial assets standing at €40trn, and an ...
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UCITS funds back in European investors’ favour
Investors across Europe are moving back into UCITS funds, said the European Fund and Asset Management Association (EFAMA) at its Annual Conference. UCITS sales, which hit €92bn between January and July 2009, have continued to show positive results across 26 European countries. The conference also saw the launch of EFAMA’s seventh edition of ...
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Pension funds add €25bn to portfolios
Positive revaluation of investments and favourable price movements of financial assets have added €25bn in value to Dutch pension funds’ investment portfolios in the second quarter of 2009, according to De Nederlandsche Bank (DNB). The investment portfolios now stand at €560bn in value. Shares recorded the highest price gains, at €16bn, and revaluations of bonds ...
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HSBC expands into European ETF sector
HSBC has announced that it is to break into the European exchange traded funds (ETF) market with the launch of a suite of ETFs, beginning with the HSBC FTSE 100 ETF, tomorrow (25 August 2009). The new ETF, listed on the London Stock Exchange, will track the performance of the FTSE 100 index, domiciled in Ireland, and is registered for sale in the UK and a number of additional ...
Italy Digest
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Italy heavily involved in multi billion euro South Stream project
Italy’s natural gas company ENI is a major investor in the South Stream natural gas pipeline project, but the infrastructure development is being held up by a number of trans-national issues, which the Italian government believes is detrimental to the country’s energy security.
South Stream is the name of the transit pipeline that is intended to transport natural gas from Russia to Southern Europe, bypassing Belarus and the Ukraine. It has been highlighted by Prime Minister Berlusconi as important for the energy needs of Italy as it will eliminate the so-called ‘middle man’ and enhance the security of our energy supply, an issue that was underscored in 2005 when ongoing business disputes between Russia and the Ukraine spilled over into trans-national political issues. Read more
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