Latest Europe News
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High-priced necklace stolen in second Cannes theft jeweller
Thieves have made off with a high-priced necklace made by Switzerland's De Grisogono in the second jewellery theft at this year's Cannes Film Festival, the company said on ...
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Italy aims to cut labour taxes in first 100 days - Saccomanni
ROME (Reuters) - Italy's government plans to cut labour taxes within a few months, funding the measure by reducing public spending, Economy Minister Fabrizio Saccomanni said on Thursday. "The government plans to in the first 100 days to start cutting taxes on houses and jobs, funding it with spending cuts and measures to fight tax evasion," Saccomanni said at a news conference in ...
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Russia Will Avoid Recession This Year – Shuvalov
MOSCOW, May 23 (RIA Novosti) – Russia is demonstrating "insufficient" economic growth rates but the country will be able to avoid even a technical recession this year, First Deputy Prime Minister Igor Shuvalov said on Thursday. "We consider GDP growth of 2 to 3 percent to be insufficient for us," Shuvalov said, but added that "there will be no recession this ...
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European Union U-turn over refillable olive oil ban
the European Commission said that restaurants should only be allowed to serve the oil in non-refillable bottles with a proper label. It said this would prevent restaurants from serving low quality oil and improve hygiene. But it also played into the hands of people who complain that the EU is too meddlesome, with Prime Minister David Cameron saying: "This is exactly the sort of area that ...
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30 cars restaurant torched on 4th night of Sweden riots
Groups of youths have burnt down a restaurant, torched more than 30 cars and injured three police in a fourth night of riots in suburbs of the Swedish capital that started following a fatal police shooting. Police spokesman Kjell Lindgren says at least 30 cars were set ablaze across western and southern Stockholm early Thursday. Firefighters said they have "never before seen so many fires ...
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Sweden Riots Police Station Set On Fire
Groups of youths in Stockholm have burnt down a restaurant and torched more than 30 cars in a fourth night of rioting. The unrest is being blamed on police shooting and killing a 69-year-old knife-wielding man on May 13. Hundreds of young people are said to have been involved in the rioting in immigrant suburbs of the Swedish capital. Local media also said a police station office was ...
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EU axes plans to ban olive oil jugs
The EU has dropped plans to ban restaurants from using refillable jugs and bowls of olive oil, after they drew consumer criticism and even ridicule. The policy would have forced restaurants to only serve olive oil in tamper-proof packaging, labelled to EU standards, as of next year. The move had been aimed at avoiding "consumers being tricked", Agriculture Commissioner Dacian Ciolos ...
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Jerry Lewis repeats his distaste for female comics
Asked who his favorite female comics were Thursday at a Cannes Film Festival press conference, Jerry Lewis listed Cary Grant and Burt Reynolds. He then added: "I don't have ...
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Eurozone crisis time for France to step up | Kenneth Rogoff
eurozone crisis must involve massive write-downs (forgiveness) of peripheral countries' debt. These countries' massive combined bank and government debt - the distinction everywhere in Europe has become blurred - makes rapid sustained growth a dream.This is hardly the first time I have stressed the need for wholesale debt write-downs. Two years ago, in ...
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Prominent Chechen advocate shot dead in Turkish capital
ANKARA (Reuters) - A prominent figure in the Chechen diaspora in Turkey was shot at his Ankara office late on Wednesday, a North Caucasus refugee association said, the latest in a series of killings of Chechens and their sympathizers in the country in recent ...
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Turkish parliament debates new restrictions on alcohol sales and ads
ANKARA, Turkey - Turkey's parliament has begun debating a contentious draft bill which would ban all alcohol advertising and tighten restrictions on sales in the mainly Muslim country. The government insists the proposed legislation is aimed at protecting the young from the ills of alcohol but secularist opponents accuse the Islamic-based ruling party of gradually imposing an Islamic ...
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EU seeks China investment accord as first step to free trade deal
Set up by Turner Broadcasting-promoted Cartoon Network’s former top official Jiggy George, this is the first time Dream Theatre will work on a local ...
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Act to avert prolonged stagnation US to Europe
stagnation that would undermine economic growth in America. "Decisive action is needed now to restart demand and avoid the risk of protracted ...
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European money mkt funds face cash buffer rule
money market funds would have to set aside a chunk of cash under a proposed EU reform to make a run on a fund in rocky markets less likely. Money market funds (MMFs) hold short term financial instruments such as deposits and commercial paper. They are used by big companies to park money and manage cash flows. Until the 2007-09 financial crisis, they were seen as a safe place to place cash that ...
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Center-right GERB holds lead in parliamentary elections followed by socialist BSP and Turkish party MRF…
Center-right GERB holds lead in parliamentary elections, followed by socialist BSP and Turkish party MRF SOFIA/BURSA - Four parties won seats in the Bulgarian parliament according to early results as neither one winning a majority needed to form a government. Bulgaria's Central Election Commission announced the results of 69 percent of the votes. Center-right party Citizens for European ...
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A Turkish military plane crashed on Monday in southern Turkey the Turkish General Staff said…
A Turkish military plane crashed on Monday in southern Turkey, the Turkish General Staff said ANKARA - A Turkish military plane crashed on Monday in southern Turkey, the Turkish General Staff said.The General Staff said radio contact was lost with an F-16 warplane flying in the southern province of Osmaniye moments after the pilot radioed he was bailing out.A search and rescue mission was under ...
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David Camerons European Gamble
Shoes discarded, David Cameron pads down the aisle of a private charter jet with a chocolate-frosted cake. It is May 15, and he is returning from a four-night, three-city visit to the U.S. In London, more than a third of Conservative MPs have just refused to back his legislative program because it doesn't enshrine in law his promise of a referendum on Britain's membership in the ...
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IMF board to discuss Greece on May 31 mission heading to Athens
WASHINGTON | Thu May 23, 2013 11:40am EDT WASHINGTON May 23 (Reuters) - The International Monetary Fund will send a team to Greece early next month for talks with Greek authorities and the IMF's bailout partners, following a meeting of the IMF executive board to discuss a review of Greece's program, the IMF said on Thursday. The IMF has joined Greece's euro zone partners in ...
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Worries over end to monetary stimulus hit Europe shares
LONDON | Thu May 23, 2013 11:34am EDT LONDON May 23 (Reuters) - A benchmark European equity index had its worst one-day fall in nearly a year on Thursday, hit by worries over a possible end to U.S. economic stimulus measures, with mining and auto stocks among the worst performers. The pan-European FTSEurofirst 300 index provisionally closed down 2 percent at 1,231.13 points, marking ...
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Global Advocacy Group Urges Pakistan to Protect Press
ISLAMABAD -- A U.S.-based international press watchdog organization is calling for the incoming Pakistan government led by Nawaz Sharif to take urgent steps to stem "the murderous silencing" of the press by bringing to justice those who have attacked journalists. The Committee to Protect Journalists said many reporters killed in Pakistan during the past decade were targeted and ...
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Luzon names Israel squad for home finals
"This is a hard day for me," said coach Guy Luzon after naming his final 23-man squad for this summer's UEFA European Under-21 Championship on home ...
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EU performs abrupt U-turn on olive oil regulation
Last week, the European Commission, the EU's executive branch, said that restaurants should only be allowed to serve oil to customers in non-refillable bottles with proper content labeling. The refillable bottles are a staple on restaurant tables across Europe for diners who want to douse bread or ...
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Dutch arrest meat works owner in horse meat probe
THE HAGUE, Netherlands -; Dutch authorities on Thursday arrested the director of a meat-processing and wholesale company whose business is at the center of an investigation into undeclared mixing of horse meat with ...
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Sweden Fourth Day of Disturbances
Stockholm, May 23 (Prensa Latina) At least one Swedish police officer was injured today during the fourth day of disturbances on the outskirts of the capital, where young people, mainly immigrants, torched cars and premises and confronted riot squads. A police officer was hit in the center of his forehead by a stone, while on Wednesday night, some cars were torched in outlying neighborhoods. At ...
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Brazilian Tennist Player Pereira in Roland Garros Qualifying
Paris, May 23 (Prensa Latina) Brzilian tennis player Teliana Pereira advanced today to the third stage of the Roland Garros' qualifying, defeating Canadian Stephanie Dubois by a double 6-3. The also Brazilian Joao Souza, ninth, was eliminated on Thursday at the sam stage, after losing with the Spanish Pablo Carreno-Busta, with partial 1-6, 6-2, 1-6. Two other Latin American, Ecuadorian ...
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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