Tag: Europe

• Monday, November 21st 2011 - 04:16 UTC

  EU members settle for a budget increase of 2%; UK hails it as an ‘excellent deal’

  

  The European Union has been forced to accept a 2% rise in its budget next year, much less than the increase it wanted of around 5%.

• Saturday, October 1st 2011 - 05:36 UTC

  UK worst place to live in Europe for quality of life, says uSwitch.com

  

  The UK is now the worst place to live in Europe for quality of life and overall wellbeing, according to research by comparison site uSwitch.com. The high cost of living and work-driven culture means that Britain now sits at the bottom of a Quality of Life index. Ireland doesn’t come far behind in second place.

• Thursday, September 22nd 2011 - 22:17 UTC

  IMF re-activates resource pool of 571 billion for another six months

  

  The International Monetary Fund re-activated this week a 571 billion dollars resource pool to ensure it has funds to help cover Europe's worsening sovereign-debt crisis. The IMF extended activation of its so-called New Arrangements to Borrow for a six-month period from October.

• Thursday, June 9th 2011 - 19:52 UTC

  UN report shows broadband potential for economic and social development

  

  Broadband telecommunications have the potential to spur rapid economic growth and facilitate job creation, according to a United Nations reported unveiled this week, which urges countries to implement national broadband plans or risk losing the benefits of the global high-speed digital communications.

• 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.