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Investments being sought by Croatia for oil exploration in Adriatic Sea
ZAGREB/LONDON - Croatia, soon to become the 28th member of the European Union,- is looking to undiscovered oil and gas fields in the Adriatic Sea to revive its ailing economy, according to the country's president. Ivo Josipovic told CNN that Croatia is searching for partners in the energy sector to help reveal oil and gas "green fields" in the waters that separate the Balkan nations and ...
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IMF warns UK against continuing austerity programme
LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
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Italian man immolates himself after losing home
An unemployed 64-year-old labourer in Italy's Sicily island died after setting himself alight, when he failed to repay a 10,000 euro loan and lost his home. Giovanni Guarascio, from Vittoria village, sustained severe burns to 60 percent of his body when he doused himself with petrol and lit a match May 14 at the run-down cottage where he and his family lived. The cottage was sold at an auction ...
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EU regulators seek tax transparency from companies
The European Commission said Thursday that it is working on a proposal to require corporate giants with operations in the European Union to publicly report profits, taxes paid and subsidies received on a country-by-country basis. Representatives of the 27 member-states agreed to seek ways to prevent multinationals from avoiding their obligations by channeling profits through subsidiaries in ...
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Four girls killed in a civil rights-era church bombing honored
View Photo Reuters/Reuters - U.S. President Barack Obama signs a bill designating the Congressional Gold Medal commemorating the lives of the four young girls killed in the 1963 bombing of the 16th Street Baptist ...
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Eurozone more stable needs a more European UK Draghi
LONDON -- The eurozone is more stable than a year ago but economic conditions remain challenging and governments must push on with reforms and banking union plans, European Central Bank President Mario Draghi said on ...
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Illinois judge charged with possession of heroin guns
ST. LOUIS (AP) - A southwestern Illinois judge already under scrutiny after a colleague died of a cocaine overdose at his family's hunting lodge was charged Friday with possession of heroin and guns. Wearing cutoff shorts and a T-shirt with the slogan "Bad is my middle name," St. Clair County Circuit Judge Michael Cook pleaded not guilty to federal counts of possessing heroin ...
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Train engineer noted unusual condition before Connecticut wreck
the commuter train that derailed last week in Connecticut observed an "unusual condition" on the track before the wreck, federal officials said Friday without explaining what the condition was, though they did say repair work was done last month in the area of the crash. ...
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Western IQs drop 14 points over last century researchers say
the average IQ in Western nations dropped by a staggering 14.1 points over the past century. "We tested the hypothesis that the Victorians were cleverer than modern populations using high-quality instruments, namely measures of simple visual reaction time in a meta-analytic study," ...
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England to bid for Euro 2020 final
English Football Association vice-chairman David Gill on Friday admitted his organisation are set to bid for the right to host the Euro 2020 final. PHOTO BY STEVE ...
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Exclusive DBRS to rate all euro zone sovereigns by year-end
An illuminated euro sign is seen in front of the headquarters of the European Central Bank (ECB) in the late evening in Frankfurt January 8, ...
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After catastrophic misfire police issue warning on plastic gun
Techworld , the police commissioner in Australia's New South Wales, Andrew Scipione, has issued a warning after his officers tested one of the firearms--dubbed the "Liberator"--and experienced a "catastrophic misfire" (no one was seriously injured). According to the website, the NSW police used blueprints created by Defense Distributed to make two pistols that took 27 ...
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Storm chasers catch Okla. twister as it forms
raw footage of the first 10 minutes of the Moore, Okla., tornado that gives viewers a harrowing sense of what the EF5 twister looked like. As cars and trucks zoom past, Chance Coldiron and Justin Cox's camera focuses on the dark grey funnel as it touches down. The tornado then tightens and begins to pick up debris. After a few minutes, someone can be heard saying, "It hit a ...
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Sandy who Jersey shore opens for summer seven months after storm
SEASIDE HEIGHTS, New Jersey (Reuters) - The New Jersey shore ushered in the unofficial start of summer on Friday, with businesses making last-minute preparations and officials declaring the resort towns ready for visitors seven months after Superstorm ...
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Low US energy prices make Euro leaders see green
Denmark's Prime Minister Helle Thorning-Schmidt, left, looks at Luxembourg's Prime Minister Jean-Claude Juncker, center, and European Commission President Jose Manuel Barroso while they walk away after a group photo was taken during an EU summit in Brussels on Wednesday, May 22, 2013. Leaders from the 27 European Union countries gather in Brussels for one of their regular European ...
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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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