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The euro zone economy is declining for six consecutive quarters. Nine of the 17 countries are in recession Spain France Italy Finland Netherlands Portugal Cyprus Greece and Slovenia. The austerity policy imposed by the troika and the German govern
The euro zone economy is declining for six consecutive quarters. Nine of the 17 countries are in recession: Spain, France, Italy, Finland, Netherlands, Portugal, Cyprus, Greece and Slovenia. The austerity policy imposed by the troika and the German government of Angela Merkel is sinking Europe. Eurostat data was released on Wednesday (15th) and are relative to GDP in the euro area in the first ...
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Tornado-ravaged Texas town to start recovery
Power lines damaged by Wednesday's tornado litter the streets in Cleburne, Texas on Thursday, May 16, 2013. Ten tornadoes touched down in several small communities in Texas overnight, leaving at least six people dead, dozens injured and hundreds homeless. Emergency responders were still searching for missing people Thursday ...
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EURO Ressources Announces Date of Annual Shareholders Meeting and Dividend Distribution
) - EURO Ressources S.A. ("EURO" or the "Company") (PARIS The Board of Directors proposed on May 9, 2013, a cash dividend in the maximum amount of EUR 0.40 per share.? This amount may be reduced, by the board of directors, if the Company's disposable funds are deemed insufficient at this date for ...
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Alaska volcano shoots ash 15000 feet into the air
ANCHORAGE, Alaska (AP) -- One of Alaska's most restless volcanoes has shot an ash cloud 15,000 feet into the air in an ongoing eruption that has drawn attention from a nearby community but isn't expected to threaten air ...
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Divided Europe veers between urgent growth and bleak austerity
Angela Merkel 's pro-austerity policies soon after becoming president in May last year, blamed the tough cutbacks regime imposed on troubled economies for much of Europe's economic problems. "What is hitting Europe is a recession provoked by the austerity policy," Hollande said at a Paris news conference. The president was especially keen to pin the blame on European ...
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Joining an office pool Watch yourself
Powerball ticket and a shared daydream. The office lottery pool is a way to improve your odds and have a little fun with co-workers. And besides, who wants to be the only person at work the next day when everyone quits? With $600 million on the line, this is the time to play. It's the ...
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IRS asked anti-abortion group about prayers
While applying with the Internal Revenue Service for tax-exempt status in 2009, an Iowa-based anti-abortion group was asked to provide information about its members' prayer meetings, documents sent by an IRS official to the organization reveal. On June 22, 2009, the Coalition for Life of Iowa received a letter from the IRS office in Cincinnati, Ohio, that oversees tax exemptions requesting ...
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Death toll from new bird flu in China rises
confirmed cases , the World Health Organization (WHO) said on Friday. The United Nations health agency said the four deaths were from cases that had already been identified in laboratories. Since May 8, there have been no new cases of infection with H7N9, it added. The WHO reiterated that there is no evidence that the new strain of bird flu, which was first detected in patients in China in ...
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Cannes loses sparkle after €300000 hotel jewel heist
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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Eurozone Remains in Recession
Data released this week showed that real GDP in the Eurozone declined 0.2 percent (0.8 percent at an annualized rate) in the first quarter (Figure 1). The outturn marked the sixth consecutive quarter in which economic activity declined, bringing the total contraction over that period to 1.5 percent. Moreover, real GDP is now 3.3 percent below its peak in Q1-2008. In contrast, U.S. real GDP now ...
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Eurozone remains in recession
At their latest meeting, Eurozone finance ministers have been trying to boost confidence in the European finance sector. They also released the first instalment of bail-out money for Cyprus . However growth figures from the region shows its problems are far from over. Also on this edition of Business Weekly: European inspectors raid office of some top oil companies and the leading price setter ...
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Possibility of Spanish downgrade looms over euro zone
Spanish government bonds have had a good run since the European Central Bank said it would protect the euro last year. But some analysts say the threat of a rating downgrade to junk remains an important risk. Credit default swap prices are discounting such a move, according to Markit. Spain is only one notch above junk according to Moody's and Standard & Poor's ratings, and two ...
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Dollar Beats Euro Yen Consumer Sentiment Rebounds GM Shares Break $33 IPO Level
Dollar Beats Euro, Yen (Reuters) The dollar rose against a variety of foreign currencies today on the back of debates over the future of the Fed’s stimulus program. The dollar marked a six-week peak against the euro and its best level against the yen in four and a half years, due respectively to concerns about action by the European Central Bank and Japan’s continued easy-money ...
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College student masked gunman killed in New York break-in
View Photo Associated Press/ Louis Lanzano - Hofstra University students gather near the house where another student and an armed intruder were killed during an overnight house break-in next to the campus, Friday, ...
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Obamas other problem He cant draw tigers
(Tim P. Whitby/Getty Images) Following a rough, scandal-filled week in Washington, President Barack Obama got dressed down by a bunch of kids. During a visit to Moravia Park Elementary School in Baltimore, Md., Friday, the president was asked to do another challenging task: Draw a tiger. "I got to help with one of the lessons. We were having to draw zoo animals," Obama said in a ...
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Cops daddy mode kicks helps lift SUV off trapped girl
Harrowing dash-cam footage shows officer Steve Nunez of the New Mexico State Police and some good Samaritans lifting an overturned SUV off of a little girl last week. Nunez spoke ...
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Did the IRS target liberal groups too
improperly scrutinized certain conservative groups applying for tax-exempt status. As an inspector general report on the practice found, groups with phrases like "tea party," "patriots" and "9/12 project" were targeted for ...
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Hatchet hitchhiker gets handcuffs with his Starbucks
ELIZABETH, N.J. (AP) -- Life on the run for the Internet sensation known as Kai the hatchet-wielding hitchhiker ended when he asked for a cup of coffee. An employee at ...
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Daring ‘dambuster’ mission remembered with flight
Operation Chastise , more popularly known as the "dambusters" mission. Vintage airplanes, including a Lancaster bomber, recreated a daring run Thursday that combined courageous flying with ingenious military ...
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Charges filed against man in Nevada killing spree
Authorities in northern Nevada are seeking murder charges against a 25-year-old man they believe is responsible for killing five people, carjacking a newspaper deliveryman, and setting fire to an elderly couple's home all in a matter of ...
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UKs FTSE touches 5-12 year highs
London - Britain's top share index hit fresh five and a half year highs on Friday, as banks were buoyed by an upgrade, the prospect of the end of state ownership in the sector and rotation out of defensive ...
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Obama turns his attention to jobs economy
After a week filled with controversy and criticism, President Barack Obama leaves town Friday for the second stop on his "Middle Class Jobs & Opportunity Tour." The trip, previously scheduled, takes him to Baltimore, Md., where he will press his economic agenda. Obama, who will tour a Baltimore elementary school, a manufacturer and a community center, plans to underscore White ...
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IRS chief declines to identify employees involved in scandal
1 of 4. Outgoing acting IRS Commissioner Steven Miller is sworn-in during a House Ways and Means Committee hearing on the Internal Revenue Service targeting conservative groups on Capitol Hill in Washington, May 17, ...
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Bypass IMF say top Euro experts
ENGINEERING Cyprus's financial bailout was so chaotic that top European officials say it is time to rethink how the region manages its ...
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Is Bosnia and Herzegovina Making Progress Toward Its Euro-Atlantic Path
Highlighting its commitment to support Bosnia and Herzegovina's aspirations to integrate into the European Union and NATO, the United States of America outlined challenges that impede the country's the country from applying for EU candidacy. In her remarks during the Security Council Open Debate on Bosnia and Herzegovina, Deputy Permanet Representative Rosemary A. DiCarlo says US is ...
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