Latest Europe Business News
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Ex-divs to take 7.4 points off FTSE 100 on May 22
LONDON, May 20 (Reuters) - The following FTSE 100 companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 7.38 points off the ...
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Czech Bank Shut Over Fraud Investigation
A bank and savings institution in the Czech Republic was closed and all deposits frozen pending a fraud investigation by the Czech central bank and ministry of finance. In a statement published on its website on Sunday, MSD bank said all of it branches would be shut and no deposits would be accepted while two counts of credit fraud are investigated by the public prosecutor's supreme office. ...
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Activists say 28 Hezbollah members killed in Syria
In this Saturday, May 18, 2013 citizen journalism image provided by Qusair Lens which has been authenticated based on its contents and other AP reporting, shows Syrians inspecting the rubble of damaged buildings due to government airstrikes, in Qusair, Homs province, Syria. The town of Qusair has been besieged for weeks by regime troops and pro-government gunmen backed by the Lebanese militant ...
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Germans Blame Merkel for Eurovision Woes
Germans are blaming Merkel's tough stance on austerity for their entry's unpopularity at this year's Eurovision, in which Denmark was the ...
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Report Obama Admin. spied on reporter
President Barack Obama crosses the South Lawn as he returns from travel to Atlanta via Marine One, at the White … The Justice Department spied extensively on Fox News reporter James Rosen in 2010, collecting his telephone records, tracking his movements in and out of the State Department, and seizing two days of Rosen's personal ...
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Video Tornadoes tear through central U.S.
A tornado is spotted in South Haven, Kansas, May 19, 2013. (Jeremy Wilkins/YouTube) Less than a week after a string of tornadoes killed six people in north ...
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Supreme Court declines to hear Alaska climate change case
WASHINGTON (Reuters) - The Supreme Court on Monday declined to hear an Alaskan village's claim that it should be able to sue oil companies and utilities for damages attributed to climate ...
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Euro zone liquidity seen above 200 bn euros
It will be at least three months before liquidity in the euro zone falls to levels at which market rates have shown a tendency to rise, according to traders polled by Reuters on ...
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Yahoo buying Tumblr for $1.1-billion vows won’t ‘screw it up’
This Wednesday, Oct. 17, 2012, photo, shows a sign in front of Yahoo! headquarters in Sunnyvale, Calif., Wednesday, Oct. 17, 2012. (Marcio Jose Sanchez/The Associated ...
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Rumors Spark Brazil Bank Run
Rumors that Brazil's social security fund called Bolsa Familia was to be cancelled led thousands of people to rush to withdraw money from a Brazilian bank over the weekend. Customers lined up at ATMs at dozens of bank branches of Caixa Economica Federal, a government-owned bank, which pays the social security subsidy on Saturday and Sunday. "The bank branches themselves aren't ...
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Nasri regrets insulting journalist at Euro 2012
Samir Nasri has told French TV that he was "stupid" to have insulted a journalist at Euro 2012, provoking a near year-long exile from international football for the Manchester City ...
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Marsh on Monday Dislocation warnings on euro economy markets
LONDON (MarketWatch) - For months, European central bankers have been warning of dislocation between financial markets and the real economy. No one has paid much notice, with equities proceeding to new highs on hopes of ever-more central banking easing, coinciding with a continuing run of poor data confirming the miserable state of the euro-area ...
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European Union Set to Vote on ‘Too Big to Fail’ Law
A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday. Bank of England Deputy Governor Paul Tucker said the EU law on bank recovery and resolution would be a milestone towards a global system and help convince markets that governments were no longer willing to rescue ...
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Hayes Government may settle for less than €300m target in pay talks
Junior Finance Minister Brian Hayes has said that the Government may lower its savings target for public-sector wages from EUR300m this year to EUR250m."We're not going to be doctrinaire about this," he said. "What we want to see is the saving of a billion euro by 2015, and we're looking at alternative proposals in the context of those talks, which would obtain those ...
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UKs FTSE holds steady near 5-12 year peaks
* Income from extra charges surges 20 pct* FY net 569 mln eur vs f'cast 558 mln in company poll* Warns profit growth may be flat in year ahead* Shares up more than 9 pct, hit record ...
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College costs soar but why
Students milling about the University of California, Los Angeles (UCLA) campus, which has faced steep state cuts. … When high school senior Jenny Bonilla got her college acceptance letter in March, she felt shock and heartbreak rather than joy. That's because the letter from Goucher College, a private liberal arts school in Baltimore, also brought news that she would owe an ...
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Autism vaccine scare leads to measles epidemic in UK
View Photo Associated Press/Owen Humphreys, PA - In this photo Thursday, April 25, 2013 Lucy Butler,15, getting ready to have her measles jab at All Saints School in Ingleby Barwick, Teesside, England, as a national ...
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Car bombs in Baghdad south Iraq kill dozens
Sunni and Shiite civilian targets over the past week. The bloodshed has raised fears of a return to the widespread sectarian violence of 2006-2007 that brought the country to the edge of civil war. In the Iraqi capital, nine car bombs went off, striking at bus stops, market places and in the streets of Shiite areas during the busy morning hours, killing 24 people and wounding 112, according ...
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Video Balloon crash in Turkey kills 1 injures 24
Turkey on Monday, causing one of them to crash to the ground, officials said. One Brazilian tourist was killed while 24 other people on board were injured. The ascending balloon struck another balloon's wicker basket above it, causing a tear that sent it plunging to the ground, the state-run Anadolu Agency reported. The passengers on board the balloon that crashed were mostly tourists ...
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Eurozone crisis live Global markets hit five-year high
climbed to levels not seen since the start of the financial crisis over five and a half-years ago. Investors are increasingly cheered by signs that the global economy is recovering. The Japanese Cabinet office helped this latest outbreak of bullishness by predicting overnight that the Japanese economy is picking up slowly. In its new monthly report, it ...
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Scientific Research and the European Union | Jon Butterworth | Life Physics
CERN Council European Strategy Group (our draft strategy will hopefully be adopted in Brussels next week). So we both had things to say about each others topic.I know from experience that applying for, and spending, EU research funds used to be very bureaucratic and arguably not worth the effort. Most initiatives were not primarily targetted at research excellence, but at training, or at ...
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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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UK Retail Vacancies Rise
The latest retail report from the British Retail Consortium (BRC) warns that the rise in empty shops in towns across the U.K. is a "major concern." The footfall and vacancies monitor, carried out by the BRC trade association and retail analysts Springboard, showed that shop vacancies in U.K. town centers had risen to 11.9 percent in April 2013, up from 10.9 percent in January 2013. The ...
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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