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Opposition remains skeptical as Russia says the regime will participate in peace talks
Will Assad participate in the upcoming peace talks? Although Russia announced the regime had agreed "in principle", the opposition remains skeptical. Although Russia offcially announced on Friday that an agreement had been reached with Damascus, the Syrian opposition remains skeptical about the Syrian government's participation in new peace talks."We would like to hear that ...
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Strong earthquake shakes Russia
A powerful earthquake on Friday hit Russia's Far East with tremors felt as far away as Moscow, about 7,000 kilometres west of the epicentre. Marina Kolomiyets, spokeswoman for Obninsk's seismic station of the Russian Academy of Sciences, told The Associated Press the epicentre was in the Sea of Okhotsk, east of the Russian coast and north of Japan. She said the quake registered a ...
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EU risks too big to cooperate bank supervision
BRUSSELS/LONDON (Reuters) - The role of the European Banking Authority must be beefed up beyond current plans to ensure that regulation of Europe's banks does not fragment into two competing systems, one of the architects of the reforms told a public hearing on Friday. Jacques de Larosiere, former head of the Bank of France and IMF, said the European Central Bank's role in a European ...
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EU summit highlights need to further diversify regions energy supply
EU leaders have agreed it is crucial to further intensify the diversification of Europe's energy supply and develop indigenous energy resources to ensure security of supply, reduce the EU's external energy dependency and stimulate economic ...
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Huge earthquake hits Russias east coast with tremors felt as far away as Moscow
A huge earthquake has hit Russia's Far East resulting in tremors being felt as far away as Moscow, about 7,000 kilometres (4,400 miles) west of the ...
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Top Swiss negotiator in tax disputes steps down
The move comes at a crucial time for Switzerland, which is trying to reach a deal with the U.S. to save Swiss banks and their employees from prosecution for aiding U.S. tax ...
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EU approves better bee protection rules
BRUSSELS (AP) -- The European Union has approved restrictions on three pesticides to better protect dwindling bee populations, to enter into force by ...
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RPT-Fitch affirms Russias Eurasia Drilling Company at BB outlook stable
Fri May 24, 2013 7:50am EDT May 24 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed Eurasia Drilling Company Limited's (EDC) Long-term foreign currency Issuer Default Ratings (IDR) at 'BB' with a Stable Outlook. Fitch also affirmed the 'BB' senior unsecured ratings of the RUB5bn domestic bonds due in 2018 issued by EDC's ...
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European Shares Slump Amid C-Bank Worries
World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank stimulus may curtailed. MSCI's world equity index, which shed 1.4 percent for its second biggest daily loss of the year on Thursday, was virtually unchanged, with losses in Europe cancelling out a rise of nearly one ...
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EUROPE MARKETS Europe Stocks Rebound After German Ifo Data
LONDON – European stock markets climbed on Friday, partly recovering from a sharp selloff the prior day, after better-than-expected German business confidence data signaled a brighter future for Europe's largest economy.The Stoxx Europe 600 index rose 0.1% to 304.17, after sinking 2.1% on Thursday.Shares of Assicurazioni Generali SpA put on 1.4%, after J.P. Morgan Cazenove raised the ...
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German Soccer Rules Europe Can It Conquer the World
Murdoch's Sky Deutschland Scores Big With Bundesliga Rights For the 200 million viewers who will watch the first-ever all-German Champions League final on Saturday, the message is clear: European soccer now speaks with a German ...
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Germany tops Japan in popularity poll
Throughout most of Japan, June is the rainy season. While all that rainfall is great for rice paddies so that we can have delicious new harvest rice in the fall, it makes it a rather dull month for seasonal produce: The summer’s bounty of ...
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European Commission issues two-year ban on pesticides harmful to bees
The European Commission is to ban for two years beginning in December, pesticides blamed for killing the bees that pollinate food and fruit crops.EU Health Commissioner Tonio Borg said the decision to ban the three insecticides, made by chemicals giants Bayer and Syngenta, "marks another milestone towards ensuring a healthier future" for bees.The companies insist their products are not ...
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Large earthquake strikes Russias Far East
An earthquake of at least 6.7-magnitude struck the Sea of Okhotsk off the Kamchatka Peninsula in Russia's Far East Friday, officials said. The quake, which the U.S. Geological survey estimated might have been closer to 8.2-magnitude, could be felt in Moscow, 4,000 miles away and two buildings in the city were evacuated, but there were no reports of injuries or damage at any location. A ...
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STOCKS NEWS EUROPE-HSBC falls amid Asia worries stalling U.S. talks
* FTSEurofirst 300 down 0.5 pct, FTSE 100 down 0.7 pct* HSBC drags indexes on fears about U.S. case settlement* Selling pressure piles up as indexes test supportBy Francesco CanepaLONDON, May 24 (Reuters) - European shares edged lower ...
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HSBC leads European shares lower in jittery trade
Fri May 24, 2013 7:30am EDT * FTSEurofirst 300 down 0.5 pct, FTSE 100 down 0.7 pct * HSBC drags indexes on fears about U.S. case settlement * Selling pressure piles up as indexes test support By Francesco Canepa LONDON, May 24 (Reuters) - European shares edged lower on Friday, dragged down by heavyweight bank HSBC and some technical selling as key indexes tested support levels, igniting concerns ...
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European soccer final adds new chapter to Adidas-Puma rivalry
By Victoria Bryan and Keith Weir FRANKFURT/LONDON | Fri May 24, 2013 7:20am EDT FRANKFURT/LONDON May 24 (Reuters) - German sportswear makers Adidas and Puma will renew their own decades-old rivalry when Bayern Munich and Borussia Dortmund meet in the Champions League Final at Wembley on Saturday. Adidas is the long-standing kit supplier to Bayern and owns a stake of around nine percent ...
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Fiat Chairman said group never tried not to pay taxes in Italy
BAGNIA, Italy | Fri May 24, 2013 7:18am EDT BAGNIA, Italy May 24 (Reuters) - Fiat Chairman John Elkann, at the centre of a political controversy in Italy over plans by truck and tractor maker Fiat Industrial to move its fiscal residence to Britain, said his group had never tried not to pay taxes in Italy, "This is just argument for argument's sake, it is not the reality. No one ...
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UPDATE 1-Switzerlands top tax diplomat to step down
Fri May 24, 2013 7:18am EDT * Ambuehl chief negotiator in U.S. tax talks * Also leads talks with EU over corporate tax * Swiss Fin Min signalled deal could come soon ZURICH, May 24 (Reuters) - Switzerland's top representative on international financial affairs will step down at the end of August, the finance ministry said on Friday, as negotiations with the United States and the European ...
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Frances Areva says one dead 14 wounded in Niger twin bombings
French nuclear reactor producer Areva said one was killed and 14 wounded after a car bombing struck its plant in northern Niger on early Thursday morning. "AREVA has learned with the deepest emotion of the death of one of the injured victims during the attack on the site of Somair" at Arlit, the French nuclear company said in the statement, while confirming that 14 people were ...
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Attack casts spotlight on radical preachers
Two Muslim hardline preachers say that one of the suspects in the killing of a London soldier was interested in their teachings. And a British government official said one of the men tried to go to Somalia to train or fight with the terror group ...
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Facebook delays Home in Europe seeks stronger First impression
IDG News Service - Users in the U.K. and France will have to wait a bit longer to get their hands on the HTC First. The first smartphone to come preinstalled with Facebook Home has been delayed in those countries while Facebook updates the software to address some negative user feedback. Facebook is wise to delay the rollout, one analyst said, rather than release the product to other markets and ...
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Ring Of Fire Earthquake Hits Russia And US
Two earthquakes have hit the Ring of Fire area, registering magnitudes of 8.2 and 5.7 and prompting a tsunami warning. Moscow felt tremors from the more powerful quake, causing some people to evacuate buildings despite the epicentre being more than 4,000 miles to the east. The US Geological Survey said the epicentre of Thursday's quake was in the Kuril-Kamchatka arc, one of the most ...
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European high yields strong run forecast to continue
Fri May 24, 2013 7:05am EDT * Strategists see value in high yield markets * Crossover could fall to 325bp by year-end * Bubble unlikely, issuance pace sustainable By Josie Cox LONDON, May 24 (IFR) - The high yield bond market is one of the last oases of yield for credit investors, and the Crossover index could still contract a further 17% by year-end, strategists said on Friday following another ...
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European stock markets steadier after sharp losses
European stock markets rebounded modestly at the start of trading on Friday following sharp losses suffered the previous day. London's benchmark FTSE 100 index rose 0.23 percent to 6,712.15 points, Frankfurt's DAX 30 gained 0.46 percent to 8,390.16 points and in Paris the CAC 40 climbed 0.36 percent to 3,981.27. European stock markets had slumped on Thursday, with most indices ...
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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