Latest Europe Business News
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Cyprus Calls for Bailout Overhaul to Save Economy
Cyprus' president has asked euro zone leaders for a complete revamp of his country's 10 billion euro ($13.4 billion) bailout, warning Nicosia may not be able to meet the rescue's current terms because it has harmed the country's economy and banking system even more than expected. In a letter sent last week and obtained by the Financial Times, Nicos Anastasiades wrote that the ...
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Boeing to Airbus Weve Got You Boxed and Bracketed
Boeing 's Dreamliner meet its new challenger in the form of the Airbus A350, the U.S. firm maintains that the new European aircraft will not affect its share of the wide body market, claiming: "We've got them boxed and bracketed." Randy Tinseth, vice president of marketing for Boeing Commercial Airplanes, was speaking on a day that saw strong orders for Boeing's ...
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Reckless Bankers Should Face Jail UK Lawmakers
Britain should introduce laws making it possible to jail "reckless" bankers and claw back past bonus and pension awards, an influential panel of lawmakers said on Wednesday. The Parliamentary Commission on Banking Standards, set up by the government last year ...
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Obama to renew calls for nuclear reductions
View Photo Associated Press/Evan Vucci - President Barack Obama listens to French President Francois Hollande during the G-8 summit at the Lough Erne golf resort in Enniskillen, Northern Ireland, Tuesday, June 18, ...
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James helps Heat stave off elimination in Game 6
View Photo Associated Press/Lynne Sladky - San Antonio Spurs guard Tony Parker (9) and Miami Heat forward LeBron James (6) collide during the second half of Game 6 of their NBA Finals basketball series, Tuesday, ...
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Euro hits four-month high following Draghi’s hawkish tone
Euro hit a four-month high versus the U.S dollar on Tuesday’s European trading session, after ECB’s President Mario Draghi said the central Bank will not hesitate to use interest rates and non-standard measures to help repair the Eurozone ...
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Suretank targets €50m sale of business
Louth-based Suretank Group Limited is in discussions with a Norwegian private equity firm to sell itself. The deal is expected to be confirmed before the end of this month. If it goes through, it will create a windfall for company founder Patrick Joy, who founded the company in the early 1990s. The firm specialises in making storage containers, and cryogenics for the offshore oil and gas ...
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Mixed day for ISE with slight rise
By the close in Dublin, the ISEQ Overall Index was up 0.3pc or 12.95 points to end the day at 3930.87.The Dublin market had a mixed day of peaks and troughs.The leaders included the state's two big banks ...
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Ulster Bank fly in Osborne ointment
An "important provision" is that taxpayers who rescued the banks in 2008 get their money back, Mr Osborne said in an interview with BBC Radio 4 yesterday."Absolutely at the heart of this is my determination that we have a banking system that works for the British economy rather than an economy that supports the banking system, which is what we inherited," he said.The comments ...
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Obama seeks new Federal bank chief
Mueller , the head of the FBI - where he's already stayed a lot longer than he wanted or he was supposed to," Obama said.Asked whether he would reappoint Mr Bernanke if he wanted to keep the job, Mr Obama did not answer directly."He has been an outstanding partner, along with the White House, in helping us recover much stronger than, for example, our European partners, from what ...
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Liberty joins Vodafone in race for Kabel takeover
John Malone who snapped up an EUR8m castle in Co Wicklow earlier this year.The company reportedly joined the race for KDG yesterday with an EUR85 a share offer, according to a person familiar with the matter, days after the British mobile company said it was in talks about a deal.Vodafone wants to buy the cable company so that it can offer TV, fixed line and broadband to more of its mobile ...
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Police visit home of Patriots tight end Aaron Hernandez
FILE - In this Dec. 10, 2012, New England Patriots tight end Aaron Hernandez (81) holds his helmet as he steps onto the field before a game between the New England Patriots and the Houston Texans in Foxborough, Mass. (AP Photo/Steven Senne, ...
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Selma Blair abruptly exits Anger Management
Charlie Sheen sitcom "Anger Management." In a statement Tuesday, producer Lionsgate says the actress won't be returning to the FX comedy. The company says it wishes her "the very best" but has no further comment. Blair's departure comes while the comedy is about halfway through completing its 90-episode order from FX. The actress's publicist didn't ...
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Duncans 25 gives Spurs halftime lead in Game 6
Miami Heat in Game 6 of the NBA Finals on Tuesday night. Duncan made 11 of 13 shots in a performance straight out of 2003 and Kawhi Leonard added 10 points and five boards ...
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3 charged with enslaving disabled Ohio mom child threatening them with snakes dogs no food
This undated photo released by the Department of Justice shows Daniel Brown. Authorities in Ohio have arrested three people, including Brown, on charges of enslaving a mentally disabled young mother and her daughter over a two-year period. Federal agents and Ashland police said Tuesday, June 18, 2013 the trio forced the woman to do housework, threatened her and the girl with violence and fed ...
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CBO Senate Immigration bill would help economy
People shout out against the Strengthen and Fortify Enforcement Act in the hall outside the House Judiciary Committee hearing on Capitol Hill in Washington, Tuesday, June 18, 2013. The committee in the Republican-led House is preparing to cast its first votes on immigration this year, on a tough enforcement-focused measure that Democrats and immigrant groups are protesting loudly. (AP ...
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Euro in demand as Fed faces crunch time
* USD shade firmer on yen, but near four-month lows on euro * Euro and Swissy in demand vs emerging market currencies and A$ * Tensions running high before Fed statement, Bernanke conference * Investors aching for clarity over Fed's next step, might not get it By Wayne Cole SYDNEY, June 18 ...
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10 Things to Know for Wednesday
New York Stock Exchange was foiled by the agency's surveillance programs. 4. TOP GENERAL WORRIES ABOUT WOMEN AND SPECIAL OPS Men might not accept women in units that have long operated as small, male-only teams, he says. 5. IN BRAZIL, COMPLAINTS OF A GOOD-FOR-NOTHING GOVERNMENT Protests grow, with demonstrators from all walks of life voicing a central lament: The government provides ...
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Chalmers Breaks Out of Slump Sparks Heat in Game 6
MIAMI ...
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Award-winning journalist Michael Hastings dies in car accident at 33
Award-winning journalist and war correspondent Michael Hastings has died in a car accident in Los Angeles. Buzzfeed Editor-in-Chief Ben Smith says he learned from a family member that the 33-year-old died early Tuesday. Hastings wrote about politics for the popular news site and has written books about dealing with the wars in Afghanistan and Iraq. Hastings won a Polk Award for magazine ...
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European Union US intend to move forward fast on transatlantic trade deal
G8 and EU leaders (L-R) European Commission President Jose Manuel Barroso, Japan's Prime Minister Shinzo Abe, Germany's Chancellor Angela Merkel, Russia's President Vladimir Putin, Britain's Prime Minister David Cameron, US President Barack Obama, France's President Francois Hollande, Canada's Prime Minister Stephen Harper, Italy's Prime Minister Enrico Letta ...
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Journalist Michael Hastings dead at 33
The Runaway General ") led to McChrystal's ouster, died in an early morning car accident in Los Angeles on Tuesday, the magazine said. He was 33. "Hard-charging, unabashedly opinionated, Hastings was original and at times abrasive," Rolling ...
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Stocks post solid gains Tuesday
U.S. markets churned higher Tuesday after the Commerce Department said price inflation remained muted in May. The report by itself had negligible effect. But every report of late has been held up to the light to see how it might affect the U.S. Federal Reserve's monetary policy announcement expected Wednesday. Low inflation means the economy is not overheating. In turn, some investors ...
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Coin bearing cross hits European Union hurdle
European Commission (EC), the union's executive arm, had ordered it to remove halos and crosses from special commemorative euro coins due to be minted this summer. The coins were intended to celebrate the 1,150th anniversary of Christianity's arrival in Slovak lands but have instead become tokens of the faith's retreat from contemporary Europe. "There is a movement in the EU ...
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Doctors seek to treat Guantanamo hunger strikers
U.S. military guards watch detainees in a cell block at Camp 6 in the Guantanamo Bay detention center in 2010. … More than 150 doctors and other medical professionals are asking President Barack Obama to allow them to treat hunger strikers in the prison camp at Guantanamo Bay, Cuba. "It is clear that they do not trust their military doctors," the physicians wrote in an open ...
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