Latest Europe News
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EU may give Greece more time to meet fiscal targets - Dijsselbloem
ATHENS (Reuters) - The euro zone may give Greece more time to meet fiscal targets agreed under its international bailout, the chairman of the euro zone finance ministers said in an interview published on Thursday. "The Commission's approach ...
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Europe stocks slump after China data Fed comments
manufacturing activity unexpectedly contracted in May, stoking worries of an economic slowdown in the country's economy. Additionally, investors worried the U.S. Federal Reserve will soon reduce its asset-purchase program, after minutes from the latest policy meeting and comments from Chairman Ben Bernanke suggested the bank will begin tapering its easing program in coming months. The Stoxx ...
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The euro posted a key reversal down on Wednesday
The EURO posted a key reversal down on Wednesday. The lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off May's high, April's low crossing is the next downside target. Closes above the ...
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Govt to announce €6.9m for 62 research projects
More than EUR6.9m is being allocated to 62 research projects, including the development of new drugs for cancer treatment.Minister for Research and Innovation, Sen Sherlock, will today announce Government funding for the projects through Science Foundation Ireland.It is expected the funding will allow the development of early discoveries and inventions with commercial potential.Director General ...
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Euro Credit Nikkei caranage heralds volatile session
European credit markets are opening sharply lower on the back of an extremely volatile overnight session in Asia. As of 0645GMT according to Tradeweb, the iTraxx Main index is 4bp wider at 91.5bp having tightened to another new S19 and 3yr plus generic low of 87bp on the close yesterday. The Crossover index is 17bp wider at 386bp having traded down to the S19 low of 367bp last night, a level ...
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U.S. stimulus concerns rattle European shares
LONDON | Thu May 23, 2013 3:05am EDT LONDON May 23 (Reuters) - European equities went into a tailspin early on Thursday, spooked by concerns the U.S. Federal Reserve could soon taper its stimulus programme and compounded by weak economic data from China. By 0703 GMT, the FTSEurofirst 300 was down 20.75 points, or 1.7 percent, at 1,235.53, having closed at its highest level since ...
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Maltese Cup final rematch favours Hibernians
Two goals from Tarabai and one from fellow Brazilian Jackson Lima secured a tenth Maltese Cup for Hibernians FC, as they beat Qormi FC 3-1 in the final for the second season in a ...
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Apollon win cup final derby in Cyprus
Extra-time goals from Horacio Cardozo and Romeo Surdu propelled Apollon Limassol FC towards a 2-1 win against neighbours AEL Limassol FC in Wednesday's Cypriot Cup ...
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Irish online market spend worth €4.1 billion
Retail Ireland - part of employers group IBEC - says retailers are now focusing more on their online operations. In its online retailing survey, Retail Ireland says the Irish online market spend is €4.1 billion and this is predicted to grow to €21 billion by 2017. But it also says there are barriers to this expansion like delivery costs, set-up costs, poor broadband speeds and a lack ...
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Govt to announce €7m science research investment
Almost €7 million in funding for 62 early stage scientific research projects is to be announced by the Government. The funding is being targeted at projects which may have a commercial benefit with further development. The investment is being made as part of Science Foundation Ireland's Technology Innovation Development Award programme. It is also being carried out in collaboration ...
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Level of relations between Azerbaijan and Russia high - foreign minister
In an exclusive interview with columnist of "Nezavisimaya Gazeta" Victoria Panfilova, Azerbaijani Foreign Minister spoke about the state of Russian-Azerbaijani relations, issues of the Karabakh conflict, and also answered a number of questions. "We, with the Minister of Foreign Affairs Sergey Lavrov, had a constructive exchange of views. If there is a need for our intervention ...
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Mum talked down terrorists who told her We want to start a war in London
Claire Duffin - 23 May 2013 A cub scout leader confronted terrorists just seconds after they had beheaded a soldier asking them to hand over their weapons and warning them: "It is only you versus many people, you are going to ...
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Panathinaikos Face Appeal Over Licence to Play in Greece
ATHENS ...
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Mexico Germany vow to promote tourism
Mexico and Germany pledged on Wednesday to promote bilateral tourism, air connectivity and the flow of visitors, Mexico's Ministry of Tourism said in a ...
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European Stock-Index Futures Drop on China Manufacturing
European stock futures declined as data showed Chinese manufacturing is shrinking and as investors awaited data that a contraction in euro-area industry is continuing. U.S. index futures and Asian shares also dropped. Futures on the Euro Stoxx 50 Index, a benchmark for the euro area, lost 1.6 percent to 2,781 at 7:13 a.m. in London. Futures on the U.K.'s FTSE 100 Index slid 1.4 ...
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European stock futures signal sharply lower open
LONDON | Thu May 23, 2013 2:02am EDT LONDON May 23 (Reuters) - European stock futures pointed to a sharply weaker start on Thursday after a poor factory activity survey from China and on concerns the U.S. Federal Reserve could decide to cut its bond purchases in the next few meetings. At 0601 GMT, futures for Euro STOXX 50, UK's FTSE 100, Germany's DAX and France's CAC were ...
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Russias VTB seeks to sell Rosbank stake paper
MOSCOW | Thu May 23, 2013 2:00am EDT MOSCOW (Reuters) - Russia's second largest bank VTB (VTBR.MM) wants to sell its stake in Societe Generale's (SOGN.PA) Russian unit Rosbank and may part with it by the end of the year, the Kommersant daily on Thursday cited an executive as saying. State-controlled VTB owns a 10 percent stake in Rosbank, and stated its wish to exit after ...
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Comment Woolwich and the politics of violent images
warn of "ugly racism and Islamophobia". At this time, when so little is known, it’s worth noting that images of the crime are not neutral – they will play an active part in deciding what the Woolwich murder means – and what is done about it. The images we are all consuming with disgust are doing more than just showing us something horrible. There’s a ...
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UN asks Russia for more peacekeepers
New York, May 23 : Russia has been asked to increase the level of staff it commits to UN peacekeeping missions around the world, Russian Interior Minister Vladimir Kolokoltsev ...
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Cub-scout leader talked down killer
Ingrid Loyau-Kennett, a cub scout leader, talked with the killers and kept her nerve as one of them told her: "We want to start a war in London tonight."Mrs Loyau-Kennett (48), from Cornwall in England, was one of the first people on the scene after the two killers butchered a soldier in Woolwich yesterday.She was photographed by onlookers confronting one of the attackers, who was ...
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The world’s wealthy ‘could be hiding €707 billion in Ireland’
THE WORLD'S WEALTHIEST people could have over EUR700 billion hidden from international tax authorities - keeping it shielded in Irish financial institutions. That's according to Oxfam Ireland, which has warned that the new focus on corporate tax avoidance should not distract from the methods used by wealthy individuals to avoid income tax payments. The charity says wealthy ...
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Europe Factors to Watch-Shares seen slipping from 5-yr highs
LONDON, May 23 (Reuters) - European shares were set to fall sharply on Thursday, with a poor factory activity survey from China and concerns the U.S. Federal Reserve could decide to cut its bond purchases in the next few meetings hurting sentiment. HSBC's preliminary survey of purchasing managers showed China's factory activity shrank for the first time in seven months in May, raising ...
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The European Commission French President Hollande accelerate austerity
In recent days, French President Franois Hollande has been under pressure from the European Union (EU) and also from his own Socialist Party (PS) to accelerate austerity measures, amid a slowdown of the French and world economy. On Wednesday May 15, Franois Hollande went to Brussels to meet the President of the European Commission, Jos Manuel Barroso, and twenty EU commissioners. The EU ...
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Barbaric scenes on London street as soldier beheaded in terrorist attack
23 May 2013 Shoppers on a busy London street looked on in horror as two men brandishing meat cleavers hacked an off-duty soldier "like a piece of meat" in broad ...
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Atrocity plays out on social media
23 May 2013 EMERGENCY services were called to the scene of the Woolwich attack at 2.20pm, and within 30 minutes the incident was setting social media ...
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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