Latest Europe Business News
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Eurozone Recession to Persist
From Page 1 The data group said there were signs of companies cutting prices in an effort to stimulate sales with the largest drop in manufacturing output prices since January 2010 recorded in the survey of about 5,000 eurozone businesses. The prospect of a weak recovery later in the year for the ...
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Paper Japan government says unaware of ghosts at PM residence
TOKYO (Reuters) - A delay in Japanese Prime Minister Shinzo Abe and his wife moving into their official residence, the site of past assassinations, has revived talk of ghosts in the corridors, prompting the government to deny any knowledge of hauntings. Abe has not moved into the prime minister's official residence for five months since he took power. Asked by an opposition lawmaker ...
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Friend of suspect in U.K. slaying arrested
Lee Rigby , hacking at his body with knives and a meat cleaver, on a London street in front of dozens of passersby on Wednesday afternoon. Both suspects were shot by police at the scene and are hospitalized under guard in stable condition. The BBC said Nusaybah was arrested by police outside its studios Friday night immediately after recording the interview. "This interviewee had ...
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Survey reveals parents pay €15k to child minders
According to a new survey parents are paying as much as EUR15,000 a year to child minders.A report complied by the Irish Independent reveals the extent of the burden on Irish families to meet childcare costs.The findings shows the cost of childcare is forcing many women to give up their jobs or work part-time.The survey outlines the wide variation in fees charged across the country with parents ...
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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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Female suicide bomber injures 11 in Russian region of Dagestan
MAKHACHKALA, Russia - A female suicide bomber injured at least 11 police officers and civilians, including two children, in the southern Russian region of Dagestan on Saturday, police said. Police spokesman Vyacheslav Gasanov said the bomber blew herself up in the central square in the provincial capital, Makhachkala. He did not give details about the injured children. Since 2000, at least two ...
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Suicide bomber dies in blast in Afghan capital
KABUL, Afghanistan-A would-be suicide bomber died when his explosives-rigged vest went off prematurely in Afghanistan's capital on Saturday morning, police said. The apparent failed attack came a day after a major Taliban assault on an international compound in Kabul left 10 people dead including the six attackers. Another blast in the country's east killed 12 people at a mosque during ...
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iShares fixed income fund hits €2bn
iShares has announced that investor demand for its iShares € Corporate Bond fund has surpassed €2bn in assets under management (AUM). The fund, a fixed income fund which provides exposure to Euro denominated investment grade corporate bonds, aims to track the Markit iBoxx Euro Liquid Corporates index, which has exposure to industries and a market capitalisation of over ...
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No Quick Fix for Downed Bridge on Holiday Weekend
Washington state officials are scrambling to find a temporary fix for a bridge that collapsed on an important interstate highway and, incredibly, left just three motorists with injuries. Whatever the solution, it won't come in time to help with Memorial Day's highway hoards. Transportation experts are also working to find out whether the spectacular disintegration of the heavily ...
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Dutch pension funds receive €4.9bn in dividends over 11 months
Between April 2007 and March 2008, Dutch pension funds are reported as having received €4.9bn in dividends on quoted shares, according to De Nederlandsche Bank. Pension fund holdings of these quoted shares averaged at €195bn in that period, which excluded quoted shares held through mutual funds. The Bank said that dividend income is used for two things, either as a major ...
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Borsa Italiana and London Stock Exchange leader in Europe for ETF trades
Aggregated figures show that July 2008 set a record in trading of Exchange Traded Funds (ETFs) on Borsa Italiana and London Stock Exchange markets, with 140,452 trades amounting to a highest ever total of €8.8bn (£7.0bn). The average daily value traded was €383.2 million, an increase of 141 per cent year on year, and the total amount traded was an increase of 152 per ...
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AEGON releases €315million in securitisation transaction
AEGON has completed a €315million securitisation transaction to improve capital efficiency and optimise their capital structure as part of the group’s new strategy. The transaction adds the equivalent of around £250million of core capital, enhancing the financial flexibility of the group and improving the return on capital deployed in the UK. The move forms part of ...
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Leading Dutch funds allocate €500m to clean technology
ABP and PGGM have re-inforced their commitment to sustainable investment with a joint mandate to invest in innovative, clean technology. The two largest pension funds in the Netherlands have appointed AlpInvest* to invest €500 million in innovative, clean technology in one of the largest mandates ever to be placed on the international private equity market. This is the first time ...
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Chiles Indians take on worlds largest gold miner
In this May 23, 2013 photo, security officers walk away from the entrance of the Barrick Gold Corp's Pascua-Lama facilities, in northern Chile. Chile's environmental regulator blocked Barrick Gold Corp.'s $8.5 billion Pascua-Lama project on Friday, May 24, 2013, and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its ...
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Man in custody after €1.7m drugs seizure in Dublin
A man remains in Garda custody this morning in connection with a EUR1.7m drugs haul on Dublin's northside.The 36-year-old man was arrested after garda searched a house on The Strand, Donabate on Thursday and recovered almost EUR1m worth of ecstasy tablets and EUR700,000 in cannabis herb.The man is being questioned at Mountjoy Garda ...
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16 children 1 teacher dead in Pakistan bus fire
LAHORE, Pakistan (AP) -- Police say that a teacher was among the 17 burned to death in eastern Pakistan when a minibus taking children to school suddenly caught ...
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Angel Flight Crashes in NY 2 Killed 1 Missing
The crash of a volunteer Angel Flight in upstate New York that killed at least two people is under investigation, and the search for the missing pilot is ongoing, authorities said. Fulton County Sheriff Thomas Lorey said the flight's two passengers were found dead near where the twin-engine plane crashed in a wooded area in Ephratah, about an hour west of Albany. He said the search for ...
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Improving economy alters political landscape
FILE - In this May 15, 2013, file photo, President Barack Obama speaks on the Internal Revenue Service's targeting of conservative groups for extra tax scrutiny in the East Room of the White House in Washington. The economy is clearly, if slowly, recovering on Obama s watch and robbing Republicans of a central argument against Democrats. But the alleged misbehavior by the Internal Revenue ...
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Central bank governor China always confident in euro
China welcomed European Union's agreement on the 109 billion euro bailout plan for Greece and has been confident of the stability of the euro zone and other member countries in the past, present or future, said Zhou Xiaochuan, governor of People's Bank of China on July 23 during an interview with Financial Times. Bailout plan helps bring financial stability After eight hours of ...
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German confidence rebounds in May
Sarah Marsh - 25 May 2013 German business morale improved far more than expected in May, rebounding after two months of falls and suggesting Europe's largest economy is slowly picking up speed after a sluggish first ...
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Haynes Johnson Dead Pulitzer-Winning Journalist And Author Dies At 81
WASHINGTON - Haynes Johnson, a pioneering Washington journalist who won a Pulitzer Prize for his coverage of the civil rights movements and migrated from newspapers to television, books and teaching, died Friday. He was 81. The Washington Post reported he died at Suburban Hospital in Bethesda, Md. In a statement to the Post newsroom, Managing Editor Kevin Merida said Johnson died of a heart ...
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Gas cylinder blast on Pakistan school bus kills 17
PESHAWAR, Pakistan - A pair of suspected militant attacks killed nine people in two different areas of northwest Pakistan on Friday, police said.In the deadlier of the two attacks, suspected militants armed with heavy weapons attacked a police convoy in Mattani, 20 kilometers (12 miles) south of the main northwest city of Peshawar, killing six policemen and wounding seven others, said senior ...
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Charity warns of lost tax revenues
25 May 2013 IRISH charity Christian Aid says developing countries lose around $160bn (EUR123bn) in tax revenues every year due to multinationals shifting profits to low-tax ...
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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