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€110m recommended for Aer Lingus pension scheme
The Labour Court has recommended that Aer Lingus inject a once-off lump sum of €110 million to help plug the €750 million deficit in the joint Aer Lingus/DAA pension scheme. The recommendation is aimed at resolving a long-standing row over how the pension entitlements of Aer Lingus pensioners, employees and former employees can be best protected as the pension fund is no longer ...
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What The Olive Oil Disaster Tells Us About The European Union
Last week the European Union published a law that said that olive oil could no longer be served in restaurants with refillable bottles or in bowls. Instead, only labelled, one use only, bottles could be used. This week the EU withdrew this ...
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Monaco make €70m swoop for Rodriguez Moutinho
Porto will make a massive profit on both, with Moutinho costing €11m when he signed from Sporting in July 2010. Rodriguez signed the same month from Argentine club Banfield for ...
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Stockholm police call for help
View Photo Reuters/Reuters - A bystander checks the debris around a row of burnt cars in the suburb of Rinkeby after youths rioted in several different suburbs around Stockholm May 23, 2013. REUTERS/Fredrik ...
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Oversized load caused I-5 bridge collapse in Washington
Skagit River below. All three occupants suffered only minor injuries. It happened about 7 p.m. Thursday on the north part of the four-lane Interstate 5 bridge ...
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European stocks steadier after sharp losses
European stock markets slid modestly on Friday, following sharp losses suffered the previous day, failing to score gains despite positive data from Germany and the US. London's FTSE 100 index of leading shares shed 0.63 percent to 6,654.34 points, while in Frankfurt the DAX 30 index fell 0.56 percent to 8,305.32 points and in Paris the CAC 40 slid 0.26 percent to 3,956.79 points. The ...
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Draghi hails eurozone stablity
06/12/2012 17:20 CET Ten month on from his ';whatever it takes'; to save the euro speech, the head of the European Central Bank has told a gathering of bankers in the City of London that the eurozone is more stable than a year ago – though economic conditions remain challenging – and the risks of a euro collapse have now largely been removed: Mario Draghi told ...
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Turkeys European Union Ministry will provide 9 million euros in grant funds for media and NGOs
Turkey's European Union Ministry will provide 9 million euros in grant funds for media and NGOs ANKARA - Turkey's European Union Ministry (EU) will provide 9 million euros in grant funds to media and civil society organizations as part of the Turkey-EU joint "Civil Society Dialogue III Grant Scheme."EU Minister Egemen Bagis said in a written statement on Friday that the ...
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Pullback on UKs FTSE deepens as HSBC declines
* FTSE closes down 0.6 pct at 6,654.34 points* FTSE fall sharply for second straight session* Index had hit near 13-year highs earlier this week* HSBC fall takes most points off FTSE 100 index* London stock market closed on Mon. May 27 for holidayBy Sudip Kar-GuptaLONDON, May 24 (Reuters) - Britain's benchmark equity ...
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EURO reflected key football values
UEFA EURO 2012 was a positive advert for football, UEFA President Michel Platini and the UEFA Executive Committee said in their report to the XXXVII Ordinary UEFA ...
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European Union Bring on the opposition
Many reproach the EU for its poor transparency and democratic deficit. The problem, however, lies elsewhere, believes sociologist Armin Nassehi. What is lacking is a true opposition, transnational and firmly at home within the European Union ...
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Azerbaijan one of first countries receiving state support to host Euro-2020
London is hosting the 37th Ordinary UEFA Congress in which Azerbaijan is represented by AFFA General Secretary Elkhan Mammadov. During the visit to the British capital, Mammadov met with UEFA Secretary General Gianni Infantino and Director of the Committee of National Associations Theodore Teodoris, 1news.az reports citing the website of AFFA. On the instructions of AFFA President Rovnag ...
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18 hurt in shuttle bus crash near Atlanta airport
ATLANTA - Authorities say 18 people have been taken to the hospital following a crash between a hotel shuttle bus and a tractor-trailer near Atlanta's airport.Atlanta Fire Rescue Department spokeswoman Janet Ward says the accident happened around 10:30 a.m. Friday. She says it's not immediately clear what caused the accident.Ward says there were 18 people on the bus at the time of the ...
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US Czech slaying suspect killed relatives
ALEXANDRIA, Va. (AP) -- An American man accused of killing his uncle, aunt and cousins in the Czech Republic was arrested after fleeing to the United ...
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UK-bound Pakistan plane diverted 2 men arrested
LONDON (AP) -- Two men were arrested on suspicion of endangering an aircraft Friday after a U.K. fighter jet was scrambled to divert their plane as it traveled from Pakistan to Britain, officials said. The incident further rattled the U.K. just days after a British soldier was brutally killed on a London street in a suspected terror ...
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Tax shortfall of over €8bn drives up budget deficit says minister
The government will collect over €8bn less in taxes this year than expected, driving the budget deficit up to 3.3%, finance minister Jeroen Dijsselbloem said after Friday's cabinet meeting. Lower corporate tax, value-added tax and income tax receipts account for the bulk of the shortfall, but the economic downturn has also impacted on taxes on cars and other duties, Dijsselbloem ...
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Jersey shore reopens for 1st post-Sandy summer
New Jersey rolled out some of its big guns Friday to proclaim that the shore is back following Superstorm Sandy, using Gov. Chris Christie and the cast of MTV's "Jersey Shore" to tell a national audience the state is ready for summer ...
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Taliban attack U.N. compound in Kabul
security forces . A plume of smoke hung over the city center after the attack was launched, eight days after six Americans, soldiers and civilians, and nine Afghans were killed in a suicide car bombing in ...
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CORRECTED-New Issue- Lansforsakringar prices 100 mln euro 2016 FRN
Fri May 24, 2013 10:53am EDT (Correction to change Currency from SEK to Euro as per Underwriter) May 24(Reuters) -Following are terms and conditions of an FRN priced on Friday. Borrower Lansforsakringar Bank ...
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British police say investigating incident on plane
By Chris Francescani NEW YORK (Reuters) - U.S. actress Amanda Bynes was arrested in New York City on Thursday after she allegedly threw a bong out the window of a midtown Manhattan apartment building, a police official said. New York police received a call on Thursday night from an employee at the 47th Street high-rise building where Bynes lives, said NYPD spokesman Detective Brian Sessa. The ...
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Blasts shooting in center of Afghan capital
KABUL (Reuters) - Several large explosions rocked a busy area in the center of the Afghan capital, Kabul, on Friday with Reuters witnesses describing shooting in the ...
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Default should be option for eurozone nations Bundesbank
PARIS (AFP) - The head of the German central Bundesbank Jens Weidmann said on Friday that eurozone countries should be able to default, a possibility which the EU has gone to great lengths to avoid during the current crisis."In this crisis we have paid great attention to avoid the risks of default" given concerns about contagion to other eurozone states, said Weidmann, an advocate of ...
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Eurozone sees bank union progress by June
BRUSSELS (AFP) - Key obstacles to a banking union, seen as a keystone in locking down the debt crisis, should be resolved within the next few weeks, the official in charge of the day-to-day operation of the eurozone told AFP in an exclusive interview.Thomas Wieser, who heads the working group of the 17-nation eurozone led by Dutch Finance Minister Jeroen Dijsselbloem, said the next group meeting ...
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ANALYSIS-German economy to pick up but fall short of traditional pace
* Economists say Q1 disappointed hopes for dynamic recovery * Euro crisis, global slowdown, weak yen hurting exports * Govt hopes firms will start investing, economists doubtful * Weak economy could impact election campaign BERLIN, May 24 (Reuters) - Germany's economy will recover from a bout of ...
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German economy to pick up but slowly
Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment. There are homegrown problems too. What hue of government will result from September elections is ...
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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