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Forex: EUR/USD climbs above 1.3200 despite EZ downgrades
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Friday 27th January, 2012

  • Fitch cuts rating of five eurozone nations rating

      Fitch cuts rating of five eurozone nations rating

    Europe News.Net

    NEW YORK - Fitch Ratings Friday downgraded the sovereign credit ratings of five euro currency countries - Italy, Spain, Slovenia, Belgium and Cyprus, contending they lack financing flexibility in ...

  • 'Involuntary injury' charge against maker of faulty breast implant

      'Involuntary injury' charge against maker of faulty breast implant

    Europe News.Net

    PARIS - The founder of a French company at the centre of a global health scare over faulty breast implants was Friday charged with "involuntary injury", his lawyers said. Jean-Claude Mas, 72, ...

  • Huge rise in internet users, web economy by 2016

      Huge rise in internet users, web economy by 2016

    Europe News.Net

    DAVOS - The web economy of the G20 is projected to reach $4.2 trillion in 2016 - nearly double the size of $2.3 trillion in 2010, according to a study by a global management consulting firm. The ...

  • Italy must urgently act to end violence against women, UN rights expert says

    Europe News.Net

    Italy must do more to protect women from violence and urgently address the underlying structural causes of gender inequality and discrimination, an independent United Nations human rights expert ...

  • France to Resume Training, but Will Withdraw from Afghanistan Next Year

    Europe News.Net

    French President Nicolas Sarkozy says France will pull its troops out of Afghanistan next year -- a year earlier than planned. Friday's announcement came following talks with Afghan President Hamid ...

  • Pentagon Reassures Partners in Face of Cuts

    Europe News.Net

    U.S. military leaders say they have begun preparations for a new, leaner military as Washington prepares to make cuts in the defense budget. Washington wants to reassure its allies, though, that it ...

  • Syrian Violence Escalates as Diplomatic Efforts Falter

    Europe News.Net

    Violence in Syria continued Friday, bringing to more than 50 the number of people killed there over the past two days, as a resolution to curb the bloodshed appeared to be stalled in the United ...

  • Soon, new privacy laws to give Internet users 'right to be forgotten'

    Europe News.Net

    European Commission has proposed new and tougher privacy laws that are aimed at putting greater responsibility on companies like Google and Facebook to protect users' information, failing which, ...

  • Hindus ask Europe to address issue of stateless Gypsies urgently

    Europe News.Net

    Hindus want Europe to do something concrete to improve the plight of stateless Roma (Gypsies), who suffer rejection day after day. Distinguished Hindu statesman Rajan Zed, in a statement in Nevada ...

  • Cuenca commits future to Barcelona

    UEFA

    FC Barcelona forward Isaac Cuenca will continue his development with the European champions after penning a new deal to stay at Camp Nou until the summer of ...

  • Scandinavian for great design

    The Globe and Mail

    It could be a ballsy belief in human capital. It certainly involves an impressive investment in research and development. It doesn’t hurt that it embraces richly financed educational and ...

  • Creditors piece together debt deal for Greece

    RTE

    Greece and its private creditors head back to the negotiating table today to put together the final pieces of a long-awaited debt swap agreement needed to avert an unruly default. After weeks of ...

  • Ukraine insists on creating gas pipeline consortium with Russia, EU

    Itar Tass

    KIEV, January 28 (Itar-Tass) -- Ukraine has at its disposal the necessary resources to carry out the upgrade of the gas pipeline system on its own, but it would prefer this to be done by an ...

  • US asks for transparency in Turkish nuclear bids

    Turkish Daily News

    The regulatory environment in Turkey is such that it discourages American and foreign investment in the nuclear field, says US Ambassador Ricciardone. Poor tender conditions are also an impediment ...

  • Saudis lift ban on Turkish poultry

    Turkish Daily News

    Saudi Arabia, which had restricted the importation of Turkish poultry following the bird flu epidemic in 2005, has lifted the ban, paving the way for Turkish poultry exporters to access the Saudi ...

  • Iran may ban oil sales to Europe next week

    Turkish Daily News

    An unidentified woman rides her bike toward a gas station in central Paris. AFP photo A law to be debated in Iran's parliament on Jan. 29 could halt exports of oil to ...

  • Spending cuts irk thousands in Spain

    Turkish Daily News

    Public service employees attend a demonstration to protest against rampant unemployment and biting austerity measures in Valencia on Jan. 26. Tens of thousands of people took to the streets on ...

  • Lenders press Greece on reforms before aid flows

    Turkish Daily News

    A recent document shows that the International Monetary Fund and the EU are telling the debt-laden Greece to implement further budget cuts before it receives more loans. Defense and health sectors ...

  • The Diary: Brussels promises unseen levels of inactivity

    The Independent

    When Belgian trade unions get stroppy, they cause disruption on a scale to make Bob Crow green with envy. When David Cameron and other heads of government assemble in Brussels on Monday for a ...

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Europe Focus  

US nuclear missles in Europe remain poised for a war that will never come


US nuclear missles in Europe remain poised for a war that will never come

The United States and Russia recently signed a new landmark nuclear non-proliferation treaty called START in March and the US in early May followed up its non-proliferation goals by making the unprecedented step of publicly declaring how many nuclear weapons it had – just over 5,113 in total, though many of them are in storage and would take time to be deployed.

That is a vast reduction compared to the total arsenal the country possessed at the height of the Cold War in 1967, the number at that time was 31,225, according to reports by European news media.

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