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European Union Likely to ‘Bail In’ Large Depositors
Gold fell $11.90 or -0.82% yesterday to $1,431.40/oz and silver finished -0.8%. The European Union will today meet to discuss and move forward the proposal to 'bail-in' depositors with savings of over EUR100,000 as part of future bank wind-downs. It now looks likely that the EU is going to take unprecedented steps to sequester monies from its citizens in the event of future bank ...
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In Europe a Fed President Urges Quantitative Easing
FRANKFURT ...
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Russia opposes the initiatives of the west to create a no-fly zone over Syria the Russian Deputy Foreign Minister Gennady Gatilov said on Tuesday. Unfortunately these destructive ideas keep popping up over time but no one ever bothered to think a
Russia opposes the initiatives of the west to create a no-fly zone over Syria, the Russian Deputy Foreign Minister Gennady Gatilov said on Tuesday. "Unfortunately, these destructive ideas keep popping up over time, but no one ever bothered to think about the consequences," said Gatilov. It is worth mentioning that on March 19, the Supreme Commander of the North Atlantic Treaty ...
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Square Feet Ambitious Paris Project Takes Shape in the Suburbs
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On the Scene in Tornado Hit Town Even Trees are Stripped of Everything
VOA correspondent Greg Flakus is at the site of the tornado damage in Moore, Oklahoma. He spoke with English broadcaster David Byrd Tuesday afternoon about what he is ...
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Spain must bring its shadow economy back into the light
Visit the ROB Insight homepage for analysis available only to subscribers. Spain's unemployment rate could climb to 30 per cent by 2015, up from a record 27 per cent now, according to Socit Gnrale. Such staggering levels of joblessness would signal economic devastation just about anywhere - except in Spain, where the average Spaniard would roll his eyes and tell you not to worry, everyone ...
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Dollar gains on yen falls against euro
The dollar has firmed against most other major currencies except the euro on the eve of Federal Reserve chief Ben Bernanke's much-anticipated testimony to Congress.The euro rose to $1.2906 around 2100 GMT on Tuesday, up from $1.2884 at the same time late on Monday.The dollar strengthened against the Japanese currency, to 102.47 yen from 102.26 at the same time late Monday, while the euro ...
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Russia’s ex-finance minister stresses role of private investments in Russian economic growth
LONDON, May 21 (Itar-Tass) - A key role in Russia’s economic growth should be played by private rather than government investments, Russian former Finance Minister Alexei Kurdin said on Tuesday at the Russia Calling! Investment conference organized here by one of Russia’s biggest banks, ...
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Which European city will offer the best value for a high-season break at the end of August
Q. It's my daughter's 21st birthday in late August. I'd like to take her on a city break to somewhere not too expensive to get to, but which will give her great memories. By the way, we've been to Paris. Sarah Gee, ...
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France Galop blame Frankie Dettori team for delay in jockeys comeback
Frankie Dettori is delaying his own comeback by his failure to provide the necessary paperwork, according to the body that runs French racing. A spokesman for France Galop said on Tuesday night that no progress would be made with the jockey's application for a renewed licence until he had provided "extra details", and there is no sign of an imminent resolution to the impasse which ...
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Russia blocked Kiwi apples at port
Officials scramble to lift block on NZ meat in China A shipment of New Zealand apples was held up by Russian authorities in March because of export certification issues, it was revealed yesterday - a day after officials denied anyone but China had raised concerns. It emerged last week that Chinese officials were blocking New Zealand beef and sheep meat from entering the country, apparently ...
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Spains former PM Aznar suggests may challenge Rajoy
Spain's centre-right People's Party (Partido Popular) leader Mariano Rajoy ( R ) and Former Spanish prime minister Jose Maria Aznar talk before a national executive committee in Madrid November 21, ...
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Amag says anemia drug caused fatal reaction in Switzerland
(Reuters) - Amag Pharmaceuticals Inc said its marketing partner in Switzerland, Takeda Pharmaceutical Co Ltd, is recalling a batch of Amag's anemia drug, Rienso, because of a death and several cases of ...
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Europe faces decade of stagnation if no reforms
Mark Carney warned Tuesday. "Europe remains in recession, with economic activity constrained by fiscal austerity, low confidence and tight credit conditions," he said in a speech to the Montreal board of trade. "Deep challenges persist in its financial system. Without sustained and significant reforms, a decade of stagnation threatens." In his final speech as Canada's ...
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UK MPs vote to back gay marriage
A bill to legalise gay marriage in Britain passed a crucial hurdle in parliament on Tuesday, despite efforts by lawmakers from Prime Minister David Cameron's Conservative party to wreck the ...
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Labour deal saves UK gay marriage bill
A bill to legalise gay marriage in Britain passed a crucial hurdle in parliament on Tuesday, despite efforts by lawmakers from Prime Minister David Cameron's Conservative party to wreck the ...
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Czech Police Seized 1 Million Liters of Illegal Alcohol
Prague, May 21 (Prensa Latina) Czech Police discovered and seized one million liters of illegal alcohol hidden in underground reservoirs of various parts of the country, reported Robert Alachta, head of the Department for Combating Organized Crime. According to the source, alcohol was found in cities like Hrobice and Ostrava in Moravia, as well as in the village of Hj, North Bohemia, where tanks ...
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Secretary General Meets with Spain’s Secretary General for Defense Policy
The Secretary General of the Organization of American States (OAS), José Miguel Insulza, met today with Spain’s Secretary General for Defense Policy, Alejandro Enrique Alvargonzález, with whom he discussed issues related to hemispheric security; drug policy, the Ibero-American agenda and the cooperation between the hemispheric institution and the Spanish government.Secretary ...
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Canada Targets Both U.S. And Europe In Effort To Get White House Approval For Tar Sands Pipeline
doubled its spending on advertising to promote the Keystone XL pipeline and the production of tar sands oil. The effort to sell the pipeline to the U.S. and the resultant tar sands oil to Europe comes in spite of increasing revelations about the destructiveness of tar sands oil. ...
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Europe’s Trash ETFs Become Treasure Troves
If a poll had been conducted among investors at the start of the year regarding Europe ETF choices for 2013, chances are popular responses would have included a diverse fund such as the Vanguard FTSE Europe ETF ( ) or the iShares MSCI Germany Index Fund ( ) , the biggest ETF tracking the Eurozone's largest economy. Some investors may have opted for the perceived safety of non-Eurozone ETFs ...
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Best Buy reports loss amid plans to sell European venture and close stores
planned to sell its stake in Best Buy Europe and worked on a turnaround plan that includes cutting costs and closing some stores.The company's adjusted earnings beat Wall Street expectations, as cost cuts helped offset tough pricing competition during the quarter. Nonetheless, shares fell 5% in midday trading.Best Buy has been working ...
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Russia moves closer to jail terms for offending religion
MOSCOW (Reuters) - Russian lawmakers on Tuesday took a step toward imposing jail terms for offending religious feelings, approving legislation proposed after punk band Pussy Riot performed a raucous protest song in Moscow's main Orthodox Christian ...
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Colombian officials seek missing Spanish couple Spains foreign minister reports kidnapping
BOGOTA - Colombian authorities say a middle-aged Spanish man and woman are missing in a northeastern border region where a car they rented three weeks ago was found. Spain's foreign minister said Tuesday in Madrid that two Spaniards had been kidnapped in Colombia. But Jose Manuel Garcia-Margallo did not provide any additional details, including their names. Maj. Cesar Gonzalez of ...
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Greek PM invites China to join Greeces success story
China's Premier Li Keqiang (r.) and Greece's Prime Minister Antonis Samaras talk during a signing ceremony at the Great Hall of the People in Beijing last week. Mr. Samaras is hoping to convince the Chinese to invest in Greece, which could help ease the country's debt ...
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Stoke and Pulis part company after seven years
After seven years at the helm in his second spell in charge, Tony Pulis has "mutually agreed" to part company with Stoke City FC, who finished 13th in this season's Premier ...
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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. Read more
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