Latest Europe Business News
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Dollar index near 10-month high ECB deposit rate cut talk hits euro
LONDON: The dollar rose against a basket of currencies on Friday, trading near a 10-month high as debate over whether the Federal Reserve would wind down its asset buying program later this year gathered pace. The dollar's strength, along with expectations that the European Central Bank could ...
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Activists Rebel groups clash in northern Syria
from what rebels say is a helicopter that was shot down at Abu Dhour military airbase which is besieged by the rebels, in the northern province city of Idlib, Syria, Friday May 17, 2013. Rights activists have found torture devices and other evidence of abuse in government prisons in the first Syrian city to fall to the rebels, Human Rights Watch said in a report Friday. (AP Photo/Edlib News ...
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IRS probe ignored most influential groups
conservative groups . The nation's tax agency has admitted to inappropriately scrutinizing smaller tea party organizations that applied for tax-exempt status. But the IRS largely maintained a hands-off policy with the much larger, ...
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Ex-NBA player stabbed seriously injured in fight
* Panamanian stops Lebedev in penultimate round * Povetkin knocks out Pole to set up Klitschko fight (updates with Jones win, adds details) MOSCOW, May 17 (Reuters) - Former champion Guillermo Jones of Panama stopped title holder Denis Lebedev with seconds remaining in the 11th round to reclaim his WBA cruiserweight crown from the Russian on Friday. Earlier, Alexander Povetkin knocked out ...
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Benitez out to avoid Euro playoff
Rafael Benitez hopes to bid farewell to Chelsea by securing a victory over Everton on Sunday which would guarantee third spot in the Premier League. Photo by Mike ...
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Cannes loses sparkle after €300000 hotel jewel raid
Robbers made off with a haul of jewels worth more than EUR300,000 (250,000) today during a raid on a Cannes hotel, hours after the screening of a film about a gang who stole luxury goods and cash from the rich and ...
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Wenger relieved to ‘control’ Euro fight
Arsene Wenger insists he would have been happy to see Arsenal's Champions League hopes go to the final day when his side appeared out of the race for a top four finish earlier this ...
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US Energy Revolution Gathers Pace
The growing role of the U.S. in world energy markets was underlined on Friday as the Obama administration approved wider exports of liquefied natural gas and international companies committed billions of dollars for new infrastructure. The developments were both consequences of ...
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Powerball jackpot closing in on another record
(AP Photo/Sue Ogrocki). Cathy Raymond, of Oklahoma City, displays the Powerball Lottery tickets she purchased in Oklahoma City, Friday, May 17, ...
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North Korea fires three short-range missiles
SEOUL – North Korea fired three short-range missiles from its east coast on Saturday, South Korea’s Defence Ministry said, but the purpose of the launches was unknown. Launches by the North of short-term missiles are not uncommon, but the ministry would not speculate whether these latest launches were part of a test or training exercise. "North Korea fired short-range guided ...
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Landing gear issue leads to planes belly landing
NEWARK, N.J -- An airline official says a US Airways flight with 34 people aboard was forced to make a belly landing at Newark International Airport after experiencing landing gear trouble. No injuries were reported.US Airways spokesman Davien Anderson tells The Associated Press that a turboprop plane that left Philadelphia shortly before 11 p.m. Friday landed safely at Newark with its landing ...
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O.J.s ex-lawyer contradicts his testimony on guns
LAS VEGAS (AP) -- O.J. Simpson's former lawyer defended himself point-by-point Friday against allegations he botched the former football star's armed-robbery trial, after giving damaging testimony that Simpson actually knew his buddies had guns when they went to a hotel room together to reclaim some sports memorabilia. Miami-based ...
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2 fires north of LA persist after long fire week
SANTA CLARITA, Calif. (AP) -- A pair of tamed but persistent wildfires still burned in the hills and mountains around Interstate 5 after a wild week of burning brush in the area north ...
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Customs save Exchequer €1.75m in closure of diesel operation
Investigations are continuing after custom officers discovered and closed a diesel-laundering operation in Dublin last night.The operation was located in an industrial estate in Blanchardstown.It is estimated a loss of around EUR1.75m to the Exchequer was prevented by the intelligence sting operation.No one was arrested but investigations are ...
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Obama Agenda Seems to Be Weathering Controversies
Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in Congress and lack of evidence to date of wrongdoing close to the Oval Office. "Absolutely not," Steven Miller, the recently resigned acting head of the Internal Revenue ...
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Probe begins after Conn. commuter trains crash
FAIRFIELD, Conn. - Two commuter trains packed with rush-hour commuters collided in an accident that sent more than 60 people to Connecticut hospitals, severely damaged the tracks and threatened to snarl travel in the congested Northeast ...
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Harry Potter first edition annotated by author up for auction
View Photo Reuters/Reuters - British author JK Rowling, creator of the Harry Potter series of books, poses during the launch of new online website Pottermore in London June 23, 2011. REUTERS/Suzanne ...
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Lawyer for accused singer steroids had ill effect
VISTA, Calif. -; The lawyer for a California heavy metal singer accused of trying to hire someone to kill his estranged wife says the singer's mind has been ravaged by steroid ...
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Obama aims to cut Afghan war spending by 10 percent
overseas operations by 10 percent, reflecting his plans to wind down the U.S. presence in that country. The president asked for $79.4 billion to fund so-called overseas contingency operations in fiscal 2014, which begins October 1, down from his original $88.5 billion request, a White House aide ...
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Simpsons ex-lawyer says he poured his soul into trial
View Photo Reuters/Reuters - Yale Galanter, O.J. Simpson's former defense attorney, reacts during an evidentiary hearing in Clark County District Court in Las Vegas, Nevada, on May 17, 2013. REUTERS/Steve ...
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Petroceltic stalls stock listing as deal delayed
Petroceltic reached an agreement to sell an 18.37pc interest in the Isarene permit to Italian energy giant Enel.Petroceltic received more than $100m (EUR77.6m) from Enel, which represented nearly a quarter of all the back costs incurred in the exploration period of the permit, and nearly half the costs of the six appraisal wells that had been drilled.Petroceltic, which is already listed on ...
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European stocks at five-year high on back of US bounce
John Mulligan - 18 May 2013 European stock markets surged to a five-year high after economic data from the United States showed that consumer confidence there jumped to its highest level in almost six ...
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Cracks in Philips Ocado deal
Under his tenure, the UK's fourth biggest grocery chain has been suffering, losing market share to rivals including Asda and Sainsbury's. The difficult market is evidenced in Tesco's travails, too.The deal Morrisons unveiled yesterday with online retailer Ocado aims to help the chain regain lost ground. Morrisons already sells non-food items online, but this will extend its ...
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Dells profit falls 79pc as founder continues $24bn takeover battle
Hewlett-Packard , Dell is investing heavily on research and sales to retain customers.Mr Icahn and major stakeholder Southeastern Asset Management, however, dismiss Mr Dell's go-private deal as too cheap for a company trying to become a major provider of enterprise computing. They are proposing new leadership and additional cash or stock for shareholders. ...
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Danish PM shelves plan for a vote on joining euro
A referendum on joining the euro "in this election term is unrealistic", Ms Thorning-Schmidt said, adding: "I don't think it makes any sense to discuss the option of a euro referendum in the next term" (set to run from 2015 to 2019).Ms Thorning-Schmidt, who is half-way through her first four-year term, said Denmark's chosen model of an opt-out from the euro had ...
Switzerland Featured
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Switzerland world's most competitive country
Switzerland is frequently pointed to as a model of good governance, prosperity, innovation and stability and is one of the happiest countries in the world. The recent competitive survey by the WEF underscored this, but came with a warning.
Switzerland truly is an impressive country, landlocked and small with no natural resources; it has developed into one of the richest countries in the world and was recently named the most competitive economy in the world. This is due in large part to its banking sector, which is one of the most advanced and its government structure, which is efficient in comparison to many other developed countries. Read more
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