Tag: Europe

• Friday, May 6th 2011 - 00:03 UTC

  Commodity prices fall for the fourth day running; oil below 100 USD per barrel

  

  Commodity prices fell on Thursday for a fourth day, following weak economic news from Europe and the US. Oil prices were down 10% at one stage, with US light, sweet crude ending the day below 100 US dollars a barrel.

• Tuesday, March 1st 2011 - 06:31 UTC

  EU fears massive exodus of refugees if there’s a ‘Battle for Tripoli’

  

  Europe is extremely concerned about the consequences of the instability in Libya which could mean a humanitarian crisis of proportions if Libyans take to the sea and try to reach the European continent in look of food, hope and jobs, warned the EU Commissioner for Food Aid Kristalina Georgieva.

• Thursday, August 12th 2010 - 18:00 UTC

  Spain top of the list for European pensioners seeking to relocate

  

  Sun, sea and sangria come top of the list for European pensioners seeking to relocate for retirement, a new survey showed this week. The survey by employee management consulting firm Aon Corporation found that one in four Europeans wishing to retire abroad would like to move to Spain, followed by France, Italy and the United States.

• Friday, August 6th 2010 - 06:03 UTC

  Euro zone benchmark rate unchanged, but ECB needs to absorb extra liquidity

  

  European Central Bank President Jean Claude Trichet said Europe is recovering faster than forecast and money markets are improving, paving the way for the ECB to phase out liquidity tools used to fight the financial crisis.

• Tuesday, May 18th 2010 - 18:14 UTC

  Peruvian president criticizes spiralling military expenditure in South America

  

  Peruvian president Alan Garcia criticized spiralling military expenditure in South America, a fact he linked to the recently created Union of South American Nations, Unasur.

• Thursday, May 13th 2010 - 11:09 UTC

  Ten “Grumpy” Countries Challenge Resumption of EU/Mercosur Trade Talks

  

  Ten European countries, fearing the impact on agriculture, are openly challenging the EU decision to resume trade talks with Mercosur which is to be officially announced next Monday when the opening of the Latin America, the Caribbean and the European Union Summit in Spain.

• Wednesday, May 12th 2010 - 22:15 UTC

  Spain Under Pressure from Europe Unveils Drastic Cuts to Contain Budget Crisis

  

  Under pressure from Europe to deliver (shape up or ship out) Spain's PM has outlined a plan to tackle the country's budget crisis, amid concerns that problems afflicting Greece may spread across the Eurozone.

• Wednesday, May 12th 2010 - 07:09 UTC

  World Markets Lower After Taking a Second Look at Euro Rescue Plan

  

  United States shares closed lower on Tuesday as global stock markets stalled on niggling worries over European debt problems. On Wall Street, the Dow Jones index closed down 0.34% following a turbulent day's trading, and a nearly 4% rise on Monday.

• Saturday, May 8th 2010 - 06:39 UTC

  Spanish Recession and Lack of Jobs Forces Latam Immigrants to Return Home

  

  More immigrants from non-European Union countries are returning to their native lands this year with help from the Spanish government, a situation similar to 2009, when the number of immigrants forced to pack up and go doubled because of the economic crisis.

• Saturday, May 8th 2010 - 01:42 UTC

  EU Full Support for Euro (and Greece) to Fight Contagion: Creates Stabilization Mechanism

  

  Leaders of the 16 EU member states that use the Euro have approved a 110 billion Euro loan to Greece to prevent its debt crisis from spreading. European Commission President José Manuel Barroso said the Eurozone would do whatever it took to safeguard Greece's financial stability. In return for the three-year loan, Athens must cut public spending.