Latest Europe Business News
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Euro falls to four-day low vs dollar dollar at week high vs yen
NEW YORK, June 19 | Wed Jun 19, 2013 2:50pm EDT NEW YORK, June 19 (Reuters) - The euro fell to a four day low against the dollar while the dollar rose to a new one-week high against the yen after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's policy setting committee sees a likely reduction in bond purchases this year if economic forecasts come in as ...
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Designers Dolce and Gabbana convicted over €200 million tax evasion
MILAN // A Milan court yesterday convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. The men were found guilty of failing to declare EUR200 million (Dh984m) through a Luxembourg company to authorities and given a one year and eight months suspended jail sentence. They were ordered to pay a penalty of EUR500,000 to tax authorities. The court, however, acquitted them of ...
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Egypt and European Union Study Dispute with Ethiopia
Cairo, Jun 19 (Prensa Latina) Egyptian President Mohamed Morsi welcomed today Catherine Ashton, vice-president of the European Union (EU) and high representative for foreign affairs, and talked to her about the dispute for the construction of the Ethiopian super-dam, according to the official media. In the meeting, they talked about the opening of communication channels between Cairo and Addis ...
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CBO Senate bill still allows illegal immigration
2013. The committee in the Republican-led House is preparing to cast its first votes on immigration this year, on a tough enforcement-focused measure that Democrats and immigrant groups are protesting loudly. (AP Photo/Carolyn ...
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US and Cuba to resume migration talks
Cuba have agreed to resume bilateral talks on migration issues next month, in the latest evidence of a thaw in chilly relations. The talks will be held ...
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Protesters out again in Brazilian cities
SAO PAULO (AP) -- Scattered street demonstrations popped up around Brazil Wednesday as protesters continued their collective cry against the low-quality public services they receive in exchange for high taxes and rising ...
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Euro zone wrangling may cost Greece 2 billion euros in 2013 - sources
Reuters © A protester wearing a Greek flag stands outside Greek state television ERT headquarters in Athens June 13, 2013. REUTERS/John ...
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Man of Steel promoted from the pulpit
View Photo Associated Press/Warner Bros. Pictures, Clay Enos - This film publicity image released by Warner Bros. Pictures shows Henry Cavill as Superman in "Man of Steel." Warner Bros. enlisted Christian-focused ...
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FTSE ends lower before Fed decision
A woman walks past the London Stock Exchange in central London on March 7, 2013. London equities ended lower on Wednesday, with traders on tenterhooks before the outcome of the US Federal Reserve's latest monetary policy gathering, analysts ...
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Britains FTSE slips as BoE highlights QE conundrum
* FTSE closes down 0.4 pct at 6,348.82* Bernanke news conference due at 1800 GMT* BT slides as CEO steps down* Vodafone drops on talk it may bid $10 bln for Kabel* BAE Systems boosted by EADs tie-up chatterBy David BrettLONDON, June 19 (Reuters) - UK equities closed ...
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Womens EURO referee workshop
Women referees and assistants have been preparing for UEFA Women's EURO 2013 at a Nyon workshop, part of UEFA's drive to help female referees progress in step with the ...
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Police at Patriots tight ends home for 2nd day
Steven Senne, File | AP Photo FILE - In this Dec. 10, 2012 file photo, New England Patriots tight end Aaron Hernandez (81) holds his helmet as he steps onto the field before an NFL football game between the New England Patriots and the Houston Texans in Foxborough, Mass. State and local police spent hours at the home of Hernandez on Tuesday, June 18, 2013 as another group of officers searched ...
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Mens Wearhouse ousts founder pitchman Zimmer
FILE - In this Thursday, May 6, 1999 file photo, George Zimmer, second from left, gestures to Andy Dolich prior to a meeting, in Oakland, Calif. Men's Wearhouse Inc. says it has dismissed Zimmer, its founder and executive chairman. In a terse release issued Wednesday, June 19, 2013, the company didn't give a reason for the abrupt firing of Zimmer, who built Men's Wearhouse from ...
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Germany agrees financing of 8 billion euro flood aid fund
BERLIN (Reuters) - Germany has agreed the financing of an 8-billion euro (6.8 billion pounds) fund to help repair damage caused by the worst flooding in a decade, with both the federal government and states footing the bill, the finance ministry said on Wednesday. The federal government at the outset will itself raise the full amount for the so-called "reconstruction aid" fund because ...
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Cyprus deal stands - eurozone officials
Government Spending After receiving a letter from Cypriot President Nicos Anastasiades asking to reconsider the bail-in, three senior eurozone officials confirmed they do not intend to change their course. On Tuesday Anastasidades wrote to EU officials asking if the terms of the bailout could be changed: "It is my humble submission that the bail-in was implemented without careful ...
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Goodbye the money-launderers choice €200 note to be taken out of UK circulation
Eurotrash mourn. The EUR200 note - the cash of choice for casino high-rollers, the ostentatiously rich and drug dealers with very small hiding places to fill - is set to be taken out of circulation in ...
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Aviva sets out plans for European business
Aviva is set to transform its European business by taking full advantage of the growth opportunities presented in the area, and will be integrating its businesses across Europe. In a review of its current presence in Europe, Aviva recognised that the European market offers strong growth potential, with the region’s personal financial assets standing at €40trn, and an ...
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Pension funds add €25bn to portfolios
Positive revaluation of investments and favourable price movements of financial assets have added €25bn in value to Dutch pension funds’ investment portfolios in the second quarter of 2009, according to De Nederlandsche Bank (DNB). The investment portfolios now stand at €560bn in value. Shares recorded the highest price gains, at €16bn, and revaluations of bonds ...
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EC alternatives directive could land funds with €25million bill
The European Commission’s draft directive on Alternative Investment Fund Managers could cost the pension fund industry up to €25bn a year if it is put into place in its current form, warns the Alternative Investment Management Association (AIMA). Europe’s pension funds would be landed with the bill if the alternative assets they have increasingly invested in over the last ...
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16 dead Militants infiltrate UNs Somalia office
Somali men and a policeman carry a government soldier wounded during an attack on the U.N. compound in Mogadishu, Somalia Wednesday, June 19, 2013. Al-Qaida-linked militants detonated multiple bomb blasts and engaged in ongoing battles with security forces in an attempt to breach the main U.N. compound in Mogadishu, officials said Wednesday. (AP Photo/Farah Abdi ...
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Iceland informal talks about Snowden asylum
A banner supporting Edward Snowden, a former CIA employee who leaked top-secret documents about sweeping U.S. surveillance programs, is displayed at Central, Hong Kong's business district, Wednesday, June 19, 2013. U.S. President Barack Obama defended top secret National Security Agency spying programs as legal in a lengthy interview, and called them transparent - even though they are ...
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Alcatel Lucent aims Euro 7 billion revenues by 2015
NEW DELHI: French telecom firm Alcatel Lucent today announced a transition plan under which it aims to generate revenues of over 7 billion euros by 2015 from its core networking business. "Under The Shift Plan, Alcatel-Lucent is planning to grow its revenues in core networking by more than 15 per ...
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The FBI has shot 150 Americans -- all justified -- since 1993
shot and killed Ibragim Todashev in May, while agents were questioning him about his connection to alleged Boston Marathon bomber Tamerlan Tsarnaev, the bureau pledged to investigate ...
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TWA Flight 800 crash story untrue investigators claim
The reconstruction of TWA Flight 800's fuselage (Daniel Brooks/Epix) The producers of an upcoming documentary on TWA Flight 800--which exploded and crashed into the waters off of Long Island on July 17, 1996, killing all 230 people on board--claim to have proof that an explosion outside the Paris-bound flight caused the crash. And six former investigators who took part in the ...
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2 SAfrican deminers killed in Mogadishu attack
View Photo Associated Press/Farah Abdi Warsameh - Somali government soldiers gather in front of the main U.N. compound, following an attack on it in Mogadishu, Somalia Wednesday, June 19, 2013. Al-Qaida-linked ...
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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