Europe Business News
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BP to Begin Permanent Plug of Macondo Well in Gulf This Week
Aug. 1 (Bloomberg) -- BP Plc plans to start injecting mud down the Macondo well in the Gulf of Mexico to permanently plug the source...
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Eurozone inflation rises sharply to 1.7 per cent
If confirmed, the latest European Union forecast would mark the highest twelve-month inflation figure since November 2008, when it stood at 2.1 percent -- just...
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The euro minimizes its weekly gains
The European common currency lowered its gains this week against the U.S. dollar after retreating today from 12-week high where it did a downside correction....
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The euro rises after buoyant confidence report
The 16-nation currency strengthened against majors after economic confidence rose to the highest level in two years and German unemployment slid for the 13th month...
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European Union Approves Maize with Herculex I/Herculex RW and Herculex RW/ Herculex
BRUSSELS, July 30 /PRNewswire-FirstCall/ -- The European Commission announced that it has granted import, food, feed and processing approvals for biotechnology maize products jointly developed...
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Golden Girl Ennis Leads Euro Medals Charge
Ennis hung on to a narrow lead going into the final event of the heptathlon to add the European title to her world crown. ...
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EU gives $39 mn in aid to Pakistan
The European Union (EU) has given 30 million euros (about $39 million) in aid to Pakistan so it can help the most needy, including those...
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Nama haircuts leave INBS short €3.4bn
Irish Nationwide Building Society (INBS) faces a €3.4 billion funding challenge as it races to refinance significant chunks of its debt that fall due next...
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An Post and BNP are forced to put €9m into failed bank project
Postbank’s two shareholders have been forced to inject an additional €9 million into the failed banking project since announcing plans to wind down their joint...
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Credit unions used €4m from protection fund
The Irish League of Credit Unions used €4 million of its €118 million Savings Protection Scheme (SPS) to provide loans to credit unions to acquire...
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Sanofi’s Genzyme Bid May Need to Reach $80 to Win Investors
Aug. 1 (Bloomberg) -- Sanofi-Aventis SA may have to pay at least $80 a share, or $21.3 billion, to acquire genetic-disease drugmaker Genzyme Corp. as...
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U.K. Gilts Gain on Signs the Economic Recovery May Be Slowing
July 31 (Bloomberg) -- U.K. 10-year government bonds posted a weekly gain, driving the yield down by the most since June, after reports added to...
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Berlusconi’s Former Ally May Get 9.5 Percent of Vote, Poll Says
July 31 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi’s former ally Gianfranco Fini and his new political group may have the support of 9.5 percent...
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Slovenia, Croatia to Settle NLB Bank Dispute as EU Entry Nears
July 31 (Bloomberg) -- Slovenia and Croatia said they reached an agreement over Nova Ljubljanska Banka d.d., allowing the Ljubljana-based bank to operate in the...
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Love Parade Victims Mourned as Merkel Attends Service
July 31 (Bloomberg) -- Twenty-one people who were crushed to death a week ago at a music festival in the western German city of Duisburg...
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Ottey, 50, runs to Euro Championships history
BARCELONA, Spain - Fifty-year-old Merlene Ottey became the oldest athlete to compete at the European Championships after anchoring Slovenia's 400 women's relay team.
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Jackson hails Euro 'hero' Malcolm
Colin Jackson hailed "heroic" Christian Malcolm as the Welsh sprinter ended his 12-year individual outdoor major medal drought at the European Championships.The 31-year-old won 200m...
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ECB’s Wellink Says Basel Rules are ‘Substantial,’ NRC Reports
July 31 (Bloomberg) -- Dutch Central Bank President Nout Wellink, also chairman of the Basel Committee on Banking Supervision, says the new capital and liquidity...
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German Love Parade Victims Mourned as Merkel Attends Service
July 31 (Bloomberg) -- Twenty-one people who were crushed to death a week ago at a music festival in the western German city of Duisburg...
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Anti-Islam Party to Support Dutch Minority Cabinet
July 31 (Bloomberg) -- The Liberal Party and the Christian Democratic Alliance agreed to form a government with the support of the anti-immigrant Freedom Party,...
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Pakistan Investigators Find Plane’s ‘Black Box’ at Crash Site
July 31 (Bloomberg) -- Investigators in Pakistan have found the so-called black box, or flight data recorder, at the site of a July 28 plane...
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Malcolm admits Euro Champs fears
European Championships 200m silver medallist Christian Malcolm feared he would not make it to Barcelona, but now has mixed emotions over his final.The 31-year-old Welshman...
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Spain unemployment highest in over a decade
Spain's economy continues to take a hammering with the latest unemployment figures showing the highest levels in thirteen years.
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British Airways posts major loss for Q2
BA has reported a loss of over £200 million in the second quarter of 2010, but still sees breakeven or profit for end of year.
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Europe News - In Depth
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CFR.org - Europe/Russia
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National Geographic: New Silk Road
A railroad through the southern Caucasus will soon connect Europe and Asia, fueling dreams and discord in the region.
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Debating the New START Treaty
With the U.S. Senate set to consider ratification of President Obama's new nuclear nonproliferation strategy, four experts assess the strengths and weaknesses of the New...
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U.S.-UK: A Difficult Duet in Afghanistan
U.S. President Obama and British Prime Minister Cameron share the predicament of leading an unpopular war in Afghanistan at a time of swelling debt, says...
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Remarks by President Obama and Prime Minister Cameron of the United Kingdom, July 2010
Speech
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Obama's Foreign Policy Performance
Although the Obama administration's dealings with Moscow and Beijing have been handled adroitly, its management of the war in Afghanistan and threats in the Middle...
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Why Does France Want to Ban Burqas?
The passage of a burqa ban by the French National Assembly is a response to France's "idea of women's dignity," voter support, and a desire...
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Turkey's Cooling Ties with U.S., Israel
Turkey's rise as a regional and economic power with its own set of interests, along with anger toward Israel about the Gaza flotilla incident, explains...
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Merkel's Sinking Support
German Chancellor Angela Merkel faces dwindling support because of "dithering" on the euro crisis and Germans' opposition to having troops in Afghanistan, says Germany expert...
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What the Russian Spy Case Reveals
The arrest of ten alleged Russian agents in U.S. suburbs raises questions about the nature of spying in the twenty-first century. Former U.S. spies discuss...
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Russian Foreign Ministry's Statement on Spy Transfer, July 2010
Statement
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U.S. State Department Briefing on Russian Spy Case, July 2010
Briefing
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How Obama Will Deal With Our Wayward Ally, Turkey
Stephen R. Sestanovich says the United States faces a unique challenge with Turkey, a major U.S. ally rooted in both domestic politics and clashing...
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Russia Profile: Tinker, Tailor, Housewife, Spy
Tom Balmforth examines what the recent arrest of ten Russian agents charged with "deep cover" intelligence gathering in the United States could mean for...
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The Consummate Warrior
Max Boot remembers General Marcel Bigeard.
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Centre for European Reform: Germany, the Euro, and the Politics of the Bail-Out
In this briefing note, Katinka Barsych examines the shifting relationship between Germany and the EU in the wake of the euro crisis and the ensuing...
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Russia's Courtship of Silicon Valley
CFR's Stephen Sestanovich says Russian President Dmitry Medvedev's meetings in Silicon Valley represent the most interesting development of his U.S. trip, which culminates with a...
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Prisoners of the Caucasus
A pernicious mix of heavy-handed rule, corrupt governance, high unemployment, and militant Islam has reignited the Russian North Caucasus.
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Ukrainian Blues
On becoming president of Ukraine, Viktor Yanukovych immediately took actions that undermined democracy and aligned Ukraine closely with Russia.
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Why Russia Didn't Act
Russia's inaction in response to Kyrgyzstan's ethnic violence reflects a deeper problem with international cooperation, writes CFR's Stephen Sestanovich.
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Reuters: FACTBOX-Austerity measures around the eurozone
Reuters details the austerity measures adopted by European governments in efforts to stave off the spread of the Greek debt crisis.
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A Turkey of a Policy
Elliott Abrams argues, "President Obama makes the Middle East an even more dangerous place."
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FP: Couples Retreat
Mira Kamdar, a senior fellow at the World Policy Institute and an award-winning author, analyzes the rocky relationship between French President Nicolas Sarkozy and German...
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Turkey Still Needs the West
Walter Russell Mead says that Turkey and Brazil's rejection of UN sanctions against Iran revealed that neither country had mastered the challenges of operating in...
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In Praise of Hedge Funds 1
Unlike "too big to fail" financial firms, hedge funds spot market bubbles and assume their own losses, says CFR's Sebastian Mallaby.
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Overview of Missions and Operations of the European Union
Fact Sheet
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Report on the Implementation of the European Security Strategy: "Providing Security in a Changing World"
Report
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European Security Strategy, 2003
Strategy
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Managing a More Assertive Turkey
Turkey's recent diplomatic strains with the United States and Israel reflect the "more assertive and self-confident" posture of a country looking to reestablish its role...
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The New York Observer: Israel From 10,000 Feet
Joe Conason examines the effect of Israel's Gaza policy on the strategic interests of Israel and the United States in the wake of the raid...
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Britain Is No Longer America's Bridge to Europe
Charles A. Kupchan argues that the United States has partners beside the United Kingdom with whom to foster transatlantic cooperation.
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Europe Headlines
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Post malaria, Cheryl Cole returns to work
Singer Cheryl Cole has reportedly returned to work after recovering from a severe bout of malaria.
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'Wedding gift' Chinese vases auctioned for 500,000 pounds
A pair of old Chinese porcelain vases which were lying for years on a shelf in a retired couple's home in Britain have fetched a...
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Ronan Keating back with wife
Singer Ronan Keating has reunited with his wife Yvonne after their marriage hit a rocky patch following rumours of his infidelity.
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Turkey's Elvan goes in search of more European gold
Abeylegesse will attempt to add the 5,000 metres gold to the one she already has in the 10,000 on the final day of the European...
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Russia fires cover 100,000 hectares
MOSCOW (AFP) - Forest fires in Russia's Far East region covered 100,000 hectares, an official at the region's forestry department said Sunday.In the last 24...
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US Nears Key Step in European Defense Shield against Iranian Missiles
By Craig Whitlock The Washington Post The US military is on the verge of activating a partial missile shield over southern Europe, part...
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Ladybugs to be used as pests by Turkish university
Süleyman Demirel University Agriculture Faculty Department of Plant Protection has started a biological pest management system in Turkey by introducing ladybugs as a control agent,...
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Teenager falls during romp on roof
A teenaged student in Britain, who got hurt after she plunged through a city centre roof while having a sex romp with her lover, says...
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Nearly 100 anti-government protesters detained in Russia
Nearly 100 protesters, including Russia's former deputy prime minister Boris Nemtsov, were arrested for taking part in an anti-government rally in Moscow and St. Petersburg.
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Spain victorious at 20th annual Celebration of Light
Spain claimed the title in the Celebration of Light competition Saturday as a colourful tribute to China capped off the 20th annual fireworks event. Despite...
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EU gives USD 39 mn in aid to Pakistan
Brussels, Aug 1 : The European Union (EU) has given 30 million euros (about USD 39 million) in aid to Pakistan so it can help...
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EU project produces low-cost spirulina
A project funded by the EU has resulted in an emerging spirulina industry in Chad, boosting production of the nutrient-rich algae to a commercial scale...
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3 dead in building collapse in Italy
ROME — An apartment building collapsed overnight and killed three people in their sleep in a town in southern Italy, police said Saturday. A...
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Dozens arrested at Russia protests
(CNN) -- Russian authorities arrested at least 135 opposition protesters, including a leading Kremlin critic, at rallies demanding freedom of assembly, state media said.
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Building collapse in Italy kills 3
Rome, Italy (CNN) -- A young married couple wrapped in an embrace were among three people found dead after an apartment building collapsed in southern...
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17 held in Poland for child pornography
In a massive crackdown against paedophile nexus in Poland, 17 people have been arrested for distributing child pornography via internet, Polish Radio External Service reported.
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Outcry as Soham killer sues after throat slashed in jail
A LEADING victims' campaigner has said Ian Huntley should drop his claim for compensation after the Soham murderer was badly injured by another inmate.The killer...
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England is anti-Jewish, claims Israeli president
ISRAEL'S president has accused the English of being anti-Semitic and claimed that MPs pander to Muslim voters.Shimon Peres, 87, said England was "deeply pro-Arab" and...
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Pakistan leader heading to Europe
Pakistan's president is due in Europe later for a tour taking in the UK, amid tensions over David Cameron's comments about alleged Pakistani terror links.
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Apple iPhone 4 users can now chat with X-rated stars
The porn industry is developing video-sex chat services for Apple iPhone 4 users so they can make live sex chats with X-rated stars.
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Video offers window on rights abuses in Indonesia province
A video of an activist in restive Papua province being taunted and viciously killed by police bolsters allegations that the military and police there act...
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Reptiles were first animals to conquer dry land
Ancient footprints made by reptiles 318 million years ago prove they were the first animals to conquer dry land, a media report has said.
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Fire situations in Russia may aggravate
/enpproperty--> MOSCOW - Russian Emergency Situations Minister Sergei Shoigu on Saturday warned that currently fire situations in 17 Russian regions may further aggravate, and...
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Russia goes all out to combat raging wildfires
Russia has extinguished 387 of 787 new wildfires over the past 24 hours as the country strives to combat a spate of blazes triggered by...
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Another terrorist bombing plot foiled in Russia's Dagestan republic
A second major terrorism attempt in a week was foiled when police defused an improvised explosive device in Russia's turbulent North Caucasus republic of Dagestan,...
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Heat wave sweeps Russia, Finland
Two girls jump into the sea at a seaside near Helsinki, capital of Finland, July 28, 2010. A rarely high summer temperature of 35 degrees...
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Wildfires spread in western Russia, kill 28
VORONEZH: Raging wildfires spread across parts of western Russia on Saturday, engulfing 30 percent more land in just 24 hours, and Prime Minister Vladimir Putin...
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Sara Payne 'sickened' by Huntley bid
The Government's Victims' Champion Sara Payne said she was "sickened" by Soham murderer Ian Huntley's six-figure claim for compensation after he was badly injured by...
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Russian police detain 100 during freedom-of-assembly protests
MOSCOW: Russian security forces violently dispersed opposition rallies in Moscow and St Petersburg Saturday, taking into custody former deputy prime minister Boris Nemtsov...
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Flight canceled European law makes airlines pay for hotel, meals
unlike the United States, where airlines make their own rules on how passengers are compensated when flights are delayed or canceled, the European Union requires...
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England lose hockey opener to Germany
England failed to recover from a first-half mauling as they lost their Champions Trophy opener 4-2 to Germany.The hosts raced into a commanding 4-0 half-time...
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My 27 Days of the Tour de France
A donkey (polka dot jersey for best climber) and a cow (yellow jersey for the leader) were dressed for the Tour. I...
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From Taxis to Textiles, Italy Chooses Tradition Over Growth
“THIS tradition is finita,” says Luciano Barbera, as he opens the door to an underground warehouse. Dozens of large wooden boxes are stacked to the...
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Erich Steidtmann, Ex-Nazi Officer in Inquiry, Dies at 95
Three months after German prosecutors reopened an investigation into whether he had participated in massacres of thousands of Polish Jews — an investigation he inadvertently...
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Robert C. Tucker, a Scholar of Marx, Stalin and Soviet Affairs, Dies at 92
Robert C. Tucker, a distinguished Sovietologist whose frustrations in persuading the authorities in Stalin’s Russia to let his new Russian wife accompany him home to...
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Vettel on pole in Hungary
Germany's Sebastian Vettel roared to his fourth successive pole position at the Hungarian Grand Prix in a Red Bull front row sweep with Australian Mark...
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Bomb found at Britain's MI6 spy agency
The two suspects, aged 52 and 21, were arrested on suspicion of explosives offences on Friday at separate addresses in Caernarfon, northwest Wales.Detectives were searching...
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Asylum seekers paid STG13m in error
The agency responsible for securing Britain's borders paid out STG13 million ($A22.5 million) of benefits in error to asylum seekers over the past two years,...
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Sweden shows its dark underside
The Sweden of Henning Mankell and Stieg Larsson - all shadowy rightwing conspiracies and prostitution rings – might not be so far from the truth
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Vatican slams US green light for human stem cell trial
VATICAN CITY: The Vatican has condemned as "unacceptable" the green light given by US regulators to a clinical trial for a treatment based...
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