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European Tour CEO apologizes for using inappropriate word during a live television interview
VIRGINIA WATER, England - The head of the European golf tour has apologized for using the term "colored" during a live television interview in which he was reacting to the spat between Tiger Woods and Sergio Garcia. European Tour CEO George O'Grady said Thursday that "most of Sergio's friends are colored athletes in the United States." O'Grady said he regrets ...
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European Union U-turn over refillable olive oil ban
the European Commission said that restaurants should only be allowed to serve the oil in non-refillable bottles with a proper label. It said this would prevent restaurants from serving low quality oil and improve hygiene. But it also played into the hands of people who complain that the EU is too meddlesome, with Prime Minister David Cameron saying: "This is exactly the sort of area that ...
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Euro Tour Chief Sorry for Colored Athletes Gaffe
VIRGINIA WATER ...
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Rogoff Fixing the eurozone crisis will require massive writedowns of debt
Kenneth Rogoff Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University and recipient of the 2011 Deutsche Bank Prize in Financial Economics, was the chief economist of the International ...
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Eurozone crisis time for France to step up | Kenneth Rogoff
eurozone crisis must involve massive write-downs (forgiveness) of peripheral countries' debt. These countries' massive combined bank and government debt - the distinction everywhere in Europe has become blurred - makes rapid sustained growth a dream.This is hardly the first time I have stressed the need for wholesale debt write-downs. Two years ago, in ...
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UKs FTSE suffers worst day in a year on stimulus taper worries
* Yen rises versus dollar, euro as Nikkei tumbles* Worries that Fed may taper QE, weak China PMI hit stocks* Euro helped somewhat by PMI data, still vulnerable* Aussie hit hard by weak China data, falling ...
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Eurozone Consumer Confidence Improves For Sixth Month
Consumer sentiment in the euro area increased for the sixth consecutive month in May to its strongest level since the middle of last year, preliminary data from the European Commission showed Thursday. The DG ECFIN flash estimate of the consumer confidence indicator for Eurozone came in at -21.9, up from April's final score of -22.3. Economists were looking for a score of -21.8 for May. The ...
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US unemployment claims data suggests labour market strength
Still, other data on Thursday suggested the federal austerity drive was combining with weak overseas demand to hold U.S factory activity in May to its weakest rate of growth in seven months.Initial claims for ...
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Fitch Euro MMFs Shift Towards Core European Supranationals and Secured Exposures
Fitch: Sub-Saharan Africa Has Gradual Upgrade Potential Fitch Ratings says in a newly-published report that targeted reforms and policy initiatives could see Sub-Saharan Africa's (SSA) sub-investment grade ratings gradually upgraded, despite per capita income falling well short of peers. The challenge for Africa from a rating perspective is the low level of GDP per capita - most SSA ...
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Greece could earn more debt relief Eurozone chief
"Eurozone countries are prepared to do more if necessary to help Greece, on the condition that the programme is fully implemented," Dijsselbloem ...
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Il Sole 24 Ore underwrites 55-mln-euro securitisation of receivables
MILAN | Thu May 23, 2013 10:20am EDT MILAN May 23 (Reuters) - Italian publisher Il Sole 24 Ore , which publishes the country's leading business daily, said on Thursday it has underwritten a securitisation of trade receivables worth 55 million euros ($71 million). The transaction, the first of this kind in the Italian Media sector, will enhance the company's ability to access ...
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Video European business falters eyes on ECB
The downturn across euro zone businesses has eased slightly but a dearth of new orders offers little hope for the second quarter. As ECB boss Mario Draghi prepares for a keynote speech in London many are asking whether it's time to do more than cut interest rates? Kirsty Basset ...
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EU forced into embarrassing u-turn on olive oil ban
European Commission has decided to tear up new rules on how restaurants should serve olive oil less than a week after unveiling them, following widespread ridicule and accusations of unwanted ...
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FTSE falls sharply from record high as global panic causes share sell-off
The FTSE 100's surge towards all-time highs was brought to a spectacular halt today as panicking investors dumped shares in a global ...
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Germany is Most Popular Country in the World
Europe's largest economy Germany, which has been criticized for not doing enough to help struggling euro zone countries, has topped a poll as the world's most popular country. The survey carried out for the BBC, polled 26,000 people in 25 countries, and asked them to rate 16 countries and the European Union, as a whole, on whether their influence on the world was mainly positive or ...
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Russian court denies punk rockers parole
Maria Alekhina had systematically disobeyed prison authorities and failed to repent for her crime, Russian media reported. Alekhina went on a hunger strike Wednesday after being barred from the court hearing in Perm province, and she ordered her defense not to participate. Band members ...
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Eurozone business still going backwards
The decline in business activity in the 17-nation eurozone slowed in May, but surveys published Thursday suggest the region's longest recession will extend into another ...
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New Issue-Bayern LB prices 200 mln euro 2019 bond
Thu May 23, 2013 9:33am EDT May 23 (Reuters) -Following are terms and conditions of a bond priced on thursday. Borrower Bayerische Landesbank Issue Amount 200 million ...
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U.S. has concerns about justice in Georgia
Authorities in Georgia are called on to ensure charges against former government officials aren't politically motivated, the U.S. State Department said. Georgian authorities this week arrested ...
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Eurozones Recession Poised to Continue in Q2 as PMI Data Disappoints
Markit's flash Eurozone Composite Output index rose to a three-month high at 47.7 in May, compared to 46.9 in April. The services activity index rose to 47.5 from 47.0, while the manufacturing purchasing managers' index (PMI) rose to 47.8 from 46.7. A reading below 50 indicates contraction. ...
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U.S. Israel raise hopes for Mideast peace restart
View Photo Associated Press/Jim Young, Pool - U.S. Secretary of State John Kerry, left, meets with Israeli Prime Minster Benjamin Netanyahu in Jerusalem Thursday, May 23, 2013. The United States and Israel are ...
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FOREX-Yen climbs against dollar euro as stocks slide
* Yen rises versus dollar, euro as Nikkei tumbles * Worries Fed may taper QE, weak China PMI hit stocks * Euro helped somewhat by PMI data, still vulnerable * Aussie hit hard by weak China data, fall in commodities By Jessica Mortimer LONDON, May ...
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REFILE-Saudi Arabia confirms another death from SARS-like virus
Thu May 23, 2013 8:10am EDT (Corrects spelling of name of WHO spokesman, para 5) DUBAI May 23 (Reuters) - Saudi Arabia has announced another death from the SARS-like novel coronavirus (nCoV) in its central al-Qassim region, bringing the total number of deaths in the kingdom to 17. A non-Saudi, whose nationality and age were not given, died on Tuesday, the Health Ministry said on its website late ...
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Modest Gain In Eurozone PMI Revives Recovery Hopes
business activity.The composite output index, which measures the performance of the both manufacturing and service sectors, rose to a three-month high of 47.7 in May from 46.9 in April, flash results of a survey by Markit Economics showed Thursday.Readings below 50 indicates contraction in activity. Economists had predicted an increase in the index to 47.2. New orders across the private sector ...
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Feds investigate after plane parts land on GA home
ELLENWOOD, Ga. - Federal authorities are investigating after a Boeing 747 on approach to Atlanta's airport lost parts from its right wing that landed on a woman's house in Clayton County.The Federal Aviation Administration said Thursday the China Airlines flight landed safely at Hartsfield-Jackson Atlanta International Airport after Sunday's incident. No injuries were ...
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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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