Latest Europe News
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Positive signs in Europe hard won
In early May, the European Commission issued its latest spring forecast and data showed that the eurozone economy was still in recession. Recently, many international agencies regarded Europe as the "short board" of the global economic recovery; the Italian election impasse and Cyprus banking crisis reignited euro ...
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UN Asks Russia for More Peacekeepers
NEW YORK, May 22 (RIA Novosti) – Russia has been asked to increase the level of staff it commits to UN peacekeeping missions around the world, Russian Interior Minister Vladimir Kolokoltsev said after meeting with the UN Undersecretary General for Political Affairs in New York. "Our peacekeepers are in great demand. We have been asked to increase the number of peacekeepers involved ...
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Bouteflika remains in France - Sellal
Algiers - Algeria's prime minister, reacting to reports that President Abdelaziz Bouteflika is seriously ill, said the 76-year-old was recovering in France but had been ordered by his doctors to ...
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European shares steady near multi-year highs
LONDON | Wed May 22, 2013 3:10am EDT LONDON May 22 (Reuters) - European shares steadied near multi-year highs on Wednesday, as caution ahead of testimony from the head of the U.S. Federal Reserve later in the day tempered the equity rally. However, traders said any equity pull-back would be relatively limited and short-lived and could provide more buying opportunities. The pan-European ...
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Young and dynamic social entrepreneurship in Austria
Social entrepreneurship in Austria is still a young sector - 75% of all initiatives are not older than four years. But they are growing constantly - as is the awareness about what social entrepreneurship is and how social innovation can contribute to societal development.According to a recent study by ...
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Insight No more easy pickings in Russias banking market
MOSCOW (Reuters) - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained ...
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Tackling corporate tax avoidance set to top Brussels summit agenda
Concern at aggressive tax avoidance by some of the biggest global corporations looks set to sit high on the agenda at Wednesday’s European summit in Brussels. Britain and France have pushed the issue. On Monday so did the president of the EU Commission. ';The total of loss of revenue due to illegal and unacceptable evasion is estimated to be around one trillion euros a year. ...
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Focus on Irish tax laws as Kenny heads for Brussels
Ireland's tax laws will come under the spotlight again today when the Taoiseach attends a European Council meeting in Brussels.The talks follow the publication yesterday of a report by the US Senate which claims that Ireland's tax laws enabled the tech giant Apple to avoid paying billions of dollars in tax.Enda Kenny denied the claim in the Dil and said that Ireland doesn't ...
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Belgiums Elia interested in stakes in Dutch French grids
BRUSSELS | Wed May 22, 2013 2:59am EDT BRUSSELS May 22 (Reuters) - Belgium's power grid operator Elia would consider buying stakes in Dutch grid firm TenneT and French operator RTE, owned by state-controlled electricity company EDF, a spokeswoman said on Wednesday. "They are really in same market zone as Elia, since they are neighbouring countries this makes it interesting ...
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Russian banker has his eye on Europe
Wed May 22, 2013 2:32am EDT * Igor Kim has bought up Russian units of foreign banks * Expobank is already present in Latvia * Now focused on corporate lending but is open to new ideas By Katya Golubkova and Oksana Kobzeva MOSCOW, May 22 (Reuters) - Igor Kim snapped cast-off assets from foreign banks pulling out of Russia and now the banker says he wants to expand into Europe. Kim, 47, emerged ...
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Europe Factors to Watch-Shares seen mixed before Bernanke testimony
* Adds further detail, analyst comment, company news items PARIS, May 22 (Reuters) - European stocks are seen mixed on Wednesday, with the market's month-long rally taking a breather as investors await clues from U.S. Federal Reserve Chairman Ben Bernanke on the central bank's stimulus measures before increasing their exposure to equities. At 0619 GMT, futures for Euro STOXX 50 were up ...
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Mehriban Aliyeva holds meetings in National Assembly of France - PHOTOS
A delegation, headed by the First Lady of Azerbaijan, President of the Heydar Aliyev Foundation, President of Azerbaijani-French Working Group on Inter-Parliamentary Relations Mehriban Aliyeva, is on a visit to Paris. According to AzerTag, Mehriban Aliyeva visited the National Assembly of France on 21 May. The First Lady was welcomed by the head of the National Assembly, Claude ...
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Vodafone Europe’s slump eats into sales
Vodafone would not distribute a £2.1 billion (R30bn) dividend from US venture Verizon Wireless to investors as it battled to reverse declines in European markets, the biggest cellular operator said yesterday. Service sales fell 4.2 percent in the quarter to March, the third consecutive quarterly drop, as customers in Europe cut costs, it said yesterday. Management is cutting jobs and ...
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Ambassador hails Chinese Bridge language contest in Russia
Chinese Ambassador Li Hui said Tuesday the success of the Chinese language competition was a living embodiment of the ever-deepening relations between Russia and China."The success of the competition will definitely help the spread of the Chinese language in Russia," Li told Xinhua in an exclusive interview.Li said he believed the success of the competition is a vivid testament to the ...
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Apple paid €5m to Dutch tax authorities last year Volkskrant
Computer giant Apple, under fire at home in the US for avoiding tax, paid an estimated €5m to the Dutch tax office last year, according to calculations by the Volkskrant. ...
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Russia says Eurovision snub “outrageous”
Dina Garipova of Russia performs the song "What If" during the final of the 2013 Eurovision Song Contest at the Malmo Opera Hall in Malmo at the weekend. Photograph: Jessica Gow/Scanpix ...
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EU summit to tackle tax fraud and energy
European Union leaders want to make tax and energy policy the focus of Wednesday's special summit. But the current debate in the European Parliament shows how thorny both topics ...
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European stock index futures signal mixed open
PARIS | Wed May 22, 2013 2:06am EDT PARIS May 22 (Reuters) - European stock index futures pointed to a mixed open on Wednesday, with the market's month-long rally taking a breather ahead of U.S. Federal Reserve Chairman Ben Bernanke's testimony before Congress. At 0603 GMT, futures for the Euro STOXX 50 were up 0.18 percent, for UK's FTSE 100 up 0.21 percent, for ...
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Russias slowdown – another domestic demand story
Russia's economic growth continued to slow down for the fifth consecutive quarter posting its weakest figures since 2009: Q1 13 GDP expanded 1.6% y/y after 2.1% growth in the previous quarter. Yet, it exceeded consensus expectations of 1.2% (DBM: 1.3% y/y). Private consumption is still doing well despite a slowdown in growth, but we are worried about fixed investments in the long run. On ...
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Russia Offers Turkey S-300 Project
MOSCOW [MENL] -- Russia has offered to develop an advanced variant of theS-300 long-range air defense system. Officials said the Kremlin has been discussing defense and militarycooperation that would include a partnership in the development of advancedair defense systems. They said the state-owned Rosoboronexport submitted aproposal for a joint project to produce an enhanced variant of the ...
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Japans crocodile tears over Russias Kuril Islands
Japanese Prime Minister Shinzo Abe in a short time has demonstrated his capabilities and lack of fear in tackling problems using non-trivial methods. Abe likes Russia - it's in his genes. The Russian President said he was ready for a dialogue on the peace treaty with Japan on the principles of a draw. Did he decide to give the Japanese two of the four South Kuril Islands? Japanese Prime ...
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Afghan Interpreters to Receive British Visas
The British government says about 600 Afghan interpreters who worked with the British troops in Afghanistan will be allowed to settle in ...
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Azerbaijan awarded Russia no points - Jon Ola Sand
"The millions of viewers in Europe and the contestants, who have put heart and soul into their performances, deserve a fair and transparent result," said Jon Ola Sand, Executive Supervisor of the Eurovision Song Contest, in response to media reports that question the integrity of the ...
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Pope carries out exorcism in public
The act was carried out in St Peter's Square after Mass on Sunday, according to a religious TV channel.The channel reported that Pope Francis placed his hands on the young man's head for 15 seconds.The pilgrim convulsed briefly and emitted a long sigh before his body went limp and his mouth fell open.Full ...
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Pop star George fell from car – eyewitness
The injured star was airlifted to hospital with a head injury following the accident last Thursday, although his publicist passed his injuries off as "superficial cuts and bruises".But another driver who was behind the 49-year-old singer's vehicle was quoted in reports saying that she saw him lying on the road smeared with blood.Katherine Fox (23) said Michael (pictured) was ...
Europe Focus
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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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