Year

2012

All posts published in 2012

380 posts
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Turkey accuses EU of bigotry, says its reforms are ignored

ISTANBUL (Reuters) – Turkey accused the European Union of bias and bigoted attitudes towards the EU candidate country on Monday and blamed it for undermining the Turkish public’s trust in the bloc. Turkey criticized the European Commission’s latest report on i... More »

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Merkel says euro zone crisis far from over

BERLIN (Reuters) – The euro zone sovereign debt crisis is far from over even though reform measures designed to address the roots of the problem are beginning to bear fruit, German Chancellor Angela Merkel has said in her New Year’s address. In a taped intervi... More »

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Merkel’s rival Steinbrueck says euro zone austerity too severe

BERLIN (Reuters) – Former German Finance Minister Peer Steinbrueck, who is running against Chancellor Angela Merkel in next year’s election, said austerity measures being imposed on struggling euro zone countries were too severe. In an interview with the Frank... More »

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Spain does not need European help for now, says PM

MADRID (Reuters) – Spanish Prime Minister Mariano Rajoy said on Friday that Spain did not need to tap for now the European Central Bank’s bond-buying program for troubled euro zone governments but did not rule out asking for aid in the future. Rajoy has faced ... More »

Euro doomsayers adjust predictions after 2012 apocalypse averted

BERLIN (Reuters) – Back in May, as the euro zone veered deeper into crisis, Nobel Prize-winning economist Paul Krugman penned one of his gloomiest columns about the single currency, a piece in the New York Times entitled “Apocalypse Fairly Soon”. “Suddenly, it... More »

ECB’s Nowotny cautiously optimistic about 2013

VIENNA (Reuters) – Measures taken this year by policymakers to address the economic crisis in the euro zone allow for cautious optimism regarding 2013, European Central Bank ratesetter Ewald Nowotny said on Friday. Nowotny welcomed the launch of a permanent re... More »

Euro zone crisis batters holiday sales prospects

LONDON (Reuters) – Shoppers in euro zone nations battered by years of recession and crisis are on the hunt for bargains, delaying their purchases until the last minute, or simply not buying at all as post-Christmas sales get underway. Britain and Sweden appear... More »

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Audi to keep investing in bid for luxury-car sales crown

BERLIN (Reuters) – German luxury automaker Audi plans to keep spending on new vehicles, plants and technology to increase market share as a prolonged weakening in European markets forces layoffs and factory closures at volume manufacturers. The division of Vol... More »

News Corp says publishing wing lost money

(Reuters) – Rupert Murdoch’s News Corp said the publishing arm it plans to spin off from its entertainment assets would have lost $2.08 billion in the last fiscal year if it were a standalone company. News Corp filed with the U.S. Securities and Exchange Commi... More »

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Putin says Russia could join Cyprus bailout effort

BRUSSELS (Reuters) – Russian President Vladimir Putin said his country could provide support to Cyprus as part of an international bailout for the indebted island, but only after euro zone countries have defined the terms of their assistance. “We do not see it... More »

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Russia’s Putin set for stand-off with EU on Syria, energy

BRUSSELS (Reuters) – Russian President Vladimir Putin and European Union leaders are likely to clash over issues ranging from Syria to trade, energy and human rights on Friday when Putin holds his first talks in Brussels since his re-election as president in M... More »

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Amnesty warns of crisis for migrants in Greece

ATHENS (Reuters) – Greece is detaining migrants, including children, in inhuman conditions unworthy of a member country of the European Union, human rights group Amnesty International said on Thursday. Greece – the main entry point into the European Union for ... More »

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EU ends Thomson Reuters codes probe after concessions

BRUSSELS (Reuters) – European Union regulators dropped an antitrust investigation into Thomson Reuters on Thursday after the company made it easier for customers using its financial instrument codes to switch to competing services. The European Commission said... More »

Report slams BBC but clears it of Savile cover-up

LONDON (Reuters) – The BBC did not cover up allegations of sex abuse against one of its former stars Jimmy Savile but the British broadcaster missed numerous warnings and proved incapable of dealing with the scandal when it finally broke, an inquiry found. New... More »

John Ridding to lead Pearson’s FT Group amid sale speculation

(Reuters) – John Ridding has been appointed chief executive officer of the Financial Times Group, parent of the FT newspaper, succeeding Rona Fairhead who is leaving the company. Ridding is currently the CEO of the FT newspaper and will step into his new role ... More »

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Sirius XM names Jim Meyer as interim CEO

(Reuters) – Sirius XM Radio Inc named Jim Meyer as interim chief executive, effective immediately, the satellite radio company announced on Wednesday. Meyer, currently president of sales and operations at the company, had emerged as a leading contender to repl... More »

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Special Report: EU threat spotlights perfume makers’ secrets

PARIS (Reuters) – Luxury perfume brands fear the European Union is about to introduce measures that could cripple the $25 billion global industry in the name of protecting consumers against allergies. New laws could severely curb or ban natural ingredients use... More »

Economic slowdown throughout euro zone a worry for ECB: Liikanen

BERLIN (Reuters) – Economic growth is slowing to a worrying degree across the euro zone and not only in the periphery, European Central Bank Governing Council member Erkki Liikanen said in an interview to be published on Sunday in Germany’s Welt am Sonntag new... More »

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Global shares fall on U.S. fiscal worry- oil up on China

NEW YORK (Reuters) – Global shares fell on Friday on unease over the lack of progress in U.S. fiscal negotiations and on signs of a deepening recession in the euro zone, but data indicating strong expansion in Chinese manufacturing helped lift oil prices. Chin... More »

Buffett to Tribune owners – Call me!

(Reuters) – Warren Buffett is mulling the prospect of owning at least one of Tribune Co’s newspapers. Buffett told The Morning Call in Allentown, Pennsylvania that “Allentown is our kind of place,” in response to a question of whether his conglomerate Berkshir... More »

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Merkel sets limits on euro zone risk-sharing

BRUSSELS (Reuters) – European leaders agreed on Friday to press on with further steps to tackle their debt crisis but German Chancellor Angela Merkel threw out a proposal to boost risk-sharing with a fund to help euro zone states in trouble. Germany’s rejectio... More »

Euro zone job rate falls, inflation pressures ease

BRUSSELS (Reuters) – Europeans’ reluctance to spend on travel and eating out slowed increases in the cost of living in the euro zone in November, and the economy’s deteriorating power to generate jobs offered little chance for consumers to help in economic rec... More »

Thomson Reuters says has Libor all-clear, sees new role

LONDON (Reuters) – Thomson Reuters said on Thursday it wanted to play a role administrating overhauled interbank lending rates after British regulators told the news and information company it was not part of a global probe into rate fixing. “The FSA (Financia... More »

Editor of Britain’s Times newspaper steps down

LONDON (Reuters) – James Harding stepped down as editor of Rupert Murdoch’s Times daily on Wednesday in the latest upheaval at the mogul’s troubled British newspaper business. No formal reason was given but Harding indicated the decision had been forced on him... More »

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Exclusive: Spain plans deeper pension reform to meet EU demands

MADRID (Reuters) – Spain will soon intensify pension reforms, possibly accelerating an increase in the retirement age and restricting index-linking of pension payouts to meet European Union demands to fix the country’s troubled public finances, Spanish officia... More »

EU approves budget for 2013, more money for 2012

STRASBOURG, France (Reuters) – EU lawmakers gave final approval on Wednesday for a European Union budget of nearly 133 billion euros ($172 billion) for 2013, removing some uncertainty around the bloc’s future funding after talks on spending for 2014-2020 broke... More »

Euro zone factory output falls again, recovery far off

BRUSSELS (Reuters) – Euro zone factory output continued its steep fall in autumn this year, underscoring the feeble domestic demand that risks prolonging the bloc’s recession. Industrial production in the 17 countries sharing the euro fell 1.4 percent in Octob... More »

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Hutchison wins EU approval for Orange Austria deal

BRUSSELS/VIENNA (Reuters) – Hutchison 3G (0013.HK ) won European Union approval for its 1.3 billion euro ($1.7 billion) takeover of Orange Austria (FTE.PA ) on condition it helped new players enter the market. The European Commission said it had been worried t... More »

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EU’s Rehn says euro zone must pursue structural reforms

London (Reuters) – Europe must continue with its “far reaching structural reforms” that have helped to rebalance the euro zone economy and rebuild confidence, EU’s top economics official, Olli Rehn, said in an opinion piece in the Financial Times on Tuesday. “... More »

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Bavarians promise Greeks solidarity instead of scorn

MUNICH (Reuters) – Greek Prime Minister Antonis Samaras visited Bavaria on Sunday, charming former critics of Greece in the southern German state who once wished to eject his country from the euro zone, and departing with pledges of solidarity and support. Sam... More »

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Protesters say European Union does not deserve Peace Prize

OSLO (Reuters) – Around a thousand members of left-wing and human rights groups marched in Oslo on Sunday to protest against the award of the Nobel Peace Prize to the European Union. Around 50 organizations held the torch-lit march on the eve of the award, arg... More »

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Analysis: For the EU, way ahead may be a three-lane highway

BRUSSELS (Reuters) – Much has been written over the past year about the risks of a two-speed Europe in which the 17 euro zone countries move ahead more rapidly than the rest of the European Union. Such a divergence, the conventional wisdom goes, could mark the... More »

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Trayvon Martin’s killer sues NBC over racist “myth”

MIAMI (Reuters) – A Florida man sued NBC on Thursday, saying the network intentionally edited and repeatedly aired a non-emergency phone call he made to police before shooting and killing unarmed black teenager Trayvon Martin “to create the myth” that he was a... More »

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Top publicist arrested in UK sex abuse inquiry

LONDON (Reuters) – Max Clifford, Britain’s highest-profile celebrity publicist, was arrested for alleged sex crimes on Thursday by a special police unit set up in the wake of an abuse scandal involving a former BBC TV star, his lawyer said. Clifford, 69, made ... More »

Trade prevents a deeper euro zone downturn

BRUSSELS (Reuters) – German exports of cars and machinery helped shield the euro zone from a deeper recession in the third quarter while companies emptied warehouses and cut investments, showing the role of trade in driving any recovery. Confirming a 0.1 perce... More »

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Israel pushes settlement plan ahead- EU summons envoy

JERUSALEM/BRUSSELS (Reuters) – Israel moved ahead with plans to build 3,000 settler homes in one of the most sensitive areas of the West Bank, as the European Union summoned Israel’s envoy to add its voice to a storm of international protest. Israeli Prime Min... More »

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EU imposes record $1.9 billion cartel fine on Philips, five others

BRUSSELS (Reuters) – The European Commission imposed the biggest antitrust penalty in its history on Wednesday, fining six firms including Philips, LG Electronics and Panasonic a total of 1.47 billion euros ($1.92 billion) for running two cartels for nearly a ... More »

Euro zone downturn eases slightly in November: surveys

LONDON (Reuters) – The euro zone’s economic slump was a little less pronounced in November than previously thought, although there are few signs the region will emerge from recession any time soon, business surveys showed on Wednesday. Markit’s Euro zone Compo... More »

London Mayor demands pared back EU links for Britain

LONDON (Reuters) – London Mayor Boris Johnson heaped pressure on Prime Minister David Cameron on Tuesday by calling for a referendum on a deeply pared back British membership of the European Union. Johnson, speaking at a Thomson Reuters Newsmaker event, said t... More »

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ECB to hold rates, guidance for 2013 eyed

FRANKFURT (Reuters) – The European Central Bank may give a guide to next year’s policy path when it delivers fresh forecasts for the euro zone economy on Thursday at a meeting where it is expected to leave interest rates at a record low. The ECB will issue its... More »

Euro zone factory prices nearly flatline in October

BRUSSELS (Reuters) – Euro zone factory prices barely rose in October, echoing the slowing pace in consumer inflation, although the European Central Bank is expected to wait a little longer before cutting interest rates to help the slumping economy. Prices at f... More »

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London Mayor calls for new UK relationship with EU

LONDON (Reuters) – London Mayor Boris Johnson said on Tuesday that the euro had turned into a calamitous project and that the British people should now be given a referendum on whether they want to stay in an EU single market. Speaking at a Thomson Reuters New... More »

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Merkel to launch campaign with upbeat party congress

HANOVER, Germany (Reuters) – Angela Merkel kicks off her re-election drive on Tuesday at a congress of her conservative Christian Democrats (CDU), where the chancellor will be feted like a star for defending German interests in the euro zone crisis. At the pea... More »

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Gushing UK papers laud PM Cameron’s stance on press law

LONDON (Reuters) – British Prime Minister David Cameron woke on Friday to find usually hostile newspapers gushing about his statesman-like qualities after he signaled his opposition to a new law governing the press. After his party suffered a night of humiliat... More »

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Leave “fairy world” behind, Draghi tells euro zone

PARIS (Reuters) – The euro zone’s crisis is far from over and its members must tighten budgets and forge a banking union to leave behind the “fairy world” that allowed problems to grow, European Central Bank President Mario Draghi said on Friday. Draghi’s call... More »

Euro zone set for recovery in second-half of 2013: Draghi

PARIS (Reuters) – European Central Bank President Mario Draghi said on Friday that budgetary consolidation in the euro zone would entail a short-term economic impact but the currency bloc was on track for a recovery in the second half of 2013. “We have not yet... More »

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Under Zucker, CNN to go beyond politics, war coverage

(Reuters) – Jeff Zucker, the newly appointed president of CNN Worldwide, pledged on Thursday to maintain the cable news network’s nonpartisan programming but said it needed to broaden its coverage beyond politics and war. Zucker, the former chief executive at ... More »

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Britain’s Cameron rejects press law after hacking scandal

LONDON (Reuters) – Prime Minister David Cameron rejected the idea of a law to regulate the British press on Thursday, risking a split in his government after an inquiry advised legal backing for a watchdog to police the sometimes outrageous conduct of newspape... More »

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Greece, markets satisfied by EU-IMF Greek debt deal

BRUSSELS (Reuters) – The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece’s debt, paving the way for the release of urgently needed aid loans... More »

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CEO of Pearson’s FT group to stand down

LONDON (Reuters) – Rona Fairhead, chief executive of Pearson’s Financial Times Group, is to stand down from the pink-paged newspaper division, in a move announced almost two months after she was overlooked for the top job at Pearson. Fairhead will follow Pears... More »

Euro zone, IMF reach deal on long-term Greek debt

BRUSSELS (Reuters) – Euro zone finance ministers and the International Monetary Fund clinched agreement on a new debt target for Greece on Monday in a breakthrough towards releasing an urgently needed tranche of loans to the near-bankrupt economy, officials sa... More »

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UK foster row sparks political furor, spotlights anti-EU party

LONDON (Reuters) – British politicians berated a local council in England on Saturday after it removed children from a foster family’s care because of its support for a political party that wants the UK to exit the European Union and backs tighter immigration ... More »

New York Times CEO Mark Thompson in London for BBC testimony

(Reuters) – New York Times Co Chief Executive Mark Thompson was in London on Friday to answer questions at a BBC inquiry involving a shelved “Newsnight” program about the late Jimmy Savile, who is accused of sexually abusing hundreds of young people for decade... More »

EU budget summit ends without deal, retry in 2013

BRUSSELS (Reuters) – European Union leaders failed to reach agreement on Friday on a new seven-year budget for their troubled bloc, calling off talks in less than two days after most countries balked at far deeper spending cuts demanded by Britain and its alli... More »

Van Rompuy: further EU budget cuts could be considered

BRUSSELS (Reuters) – European Union leaders failed to reach agreement on a new seven-year budget for their troubled bloc, calling off talks in less than two days after most countries rejected deeper spending cuts demanded by Britain and its allies. (Brussels n... More »

EU long-term budget talks called off: diplomats

BRUSSELS (Reuters) – European Union leaders abandoned talks on Friday to find a deal on the bloc’s next long-term budget, after failing to agree on the size and shape of cuts to the 1 trillion euro spending plan. “It’s over,” one EU official involved in the ta... More »

EU budget talks dim after gesture to French, Poles

BRUSSELS (Reuters) – Prospects of a deal on the European Union’s long-term budget dimmed on Friday after a fresh compromise proposal offered concessions to France and Poland but ignored British and German demands for deeper overall spending cuts. European Coun... More »

Merkel doubts budget deal possible this week, more talks needed

BRUSSELS (Reuters) – German Chancellor Angela Merkel said she doubted that an agreement on the European Union’s seven-year budget could be reached this week and that a further round of negotiations would most likely be required at a later date. “I believe that... More »

Euro zone faces deepest downturn since early 2009

LONDON (Reuters) – The euro zone economy is on course for its weakest quarter since the dark days of early 2009, according to business surveys that showed companies toiling against shrinking order books in November. Service sector firms like banks and hotels t... More »

Battle lines sharpen in fight over seven-year EU budget

BRUSSELS (Reuters) – European Union negotiators are close to securing British and German backing for a deal on nearly a trillion euros of spending over the next seven years, but concessions will be needed to win support from France, Poland and some southern Eu... More »

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Royal Opera chief gets top job at scandal-hit BBC

LONDON (Reuters) – The BBC on Thursday named a former journalist who runs the Royal Opera House to lead the broadcaster and restore public faith after sex abuse scandals tarnished the reputation of one of Britain’s most treasured institutions. Tony Hall, a for... More »

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Greece’s lenders fail again to clinch debt deal

BERLIN/ATHENS (Reuters) – International lenders failed for the second week to reach a deal to release emergency aid for Greece and will try again next Monday, but Germany signaled that significant divisions remain. Euro zone finance ministers, the Internationa... More »

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UK’s Cameron: EU budget needs more cuts

LONDON (Reuters) – European Union chief Herman Van Rompuy’s compromise draft EU budget does not go far enough in reducing spending, British Prime Minister David Cameron’s spokesman said on Wednesday. “While Van Rompuy’s proposals are a step in the right direct... More »

Euro zone, IMF fail to strike Greek debt deal

BRUSSELS/ATHENS (Reuters) – Greece’s international lenders failed for the second week running to agree how to get the country’s debt down to a sustainable level and will have a third go in six days’ time. After nearly 12 hours of talks through the night during... More »

Euro zone mulls Greek debt buy-back up to 40 billion euros

BRUSSELS (Reuters) – Euro zone finance ministers are considering allowing Athens to buy back up to 40 billion euros of its own bonds at a discount as one of a number of measures to cut Greek debt to 120 percent of GDP within the next eight years. Going into th... More »

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Eurogroup’s Juncker says euro zone threats do not help Greece

BIELEFELD, Germany (Reuters) – Eurogroup President Jean-Claude Juncker took aim at Austria, Germany and the southern German state of Bavaria on Saturday for suggesting that a Greek exit from the euro zone was looming. “Threats in the Austrian, German or Bavari... More »

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Tribune Co gets FCC approval, nears bankruptcy exit

(Reuters) – Tribune Co, the owner of the Chicago Tribune, Los Angeles Times and 23 television stations, said on Friday it received regulatory approval needed to end its nearly four-year stay in bankruptcy. Tribune said it received approval from the Federal Com... More »

BBC pay out 185,000 pounds over false abuse claim

LONDON (Reuters) – The BBC agreed to pay 185,000 pounds ($295,000) on Thursday to a former treasurer of Britain’s Conservative Party wrongly accused of child sex abuse as a result of one of its reports. The settlement came as media reports said one of the BBC’... More »

Top euro policymakers at odds over Greek debt fix

HELSINKI/BRUSSELS (Reuters) – The European Union’s top economic official sought to rule out any write-off of Greece’s debt to governments on Thursday after a European Central Bank policymaker said for the first time that a “haircut” on part of it was probable.... More »

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Sierra Leone president eyes new term amid mining boom

TILORMA, Sierra Leone (Reuters) – When the European Union’s chief election observer Richard Howitt asked people in this remote village last month if they had concerns about Sierra Leone’s looming presidential poll, he got a sobering response: what is voting? T... More »

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Euro zone falls into second recession since 2009

BRUSSELS/BERLIN (Reuters) – The euro zone debt crisis dragged the bloc into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday. The French and German economies both managed 0.2 percent grow... More »

Qatar backing puts Glencore’s Xstrata deal on track

LONDON (Reuters) – Commodity trader Glencore’s $32 billion takeover of Swiss miner Xstrata looked set to go ahead after winning the backing of Qatar Holdings, the bid target’s second-largest shareholder. Qatar, an unexpected kingmaker in Glencore’s bid for Xst... More »

Billy Joel, Rihanna fight Pandora over compensation

(Reuters) – Some of music’s most notable names including Billy Joel, Rihanna and Missy Elliott have signed an open letter to Pandora Media Inc opposing the online music company’s push to change how artists are compensated. Pandora is currently lobbying lawmake... More »

Comcast’s NBCUniversal unit lays off 500 employees: source

LOS ANGELES (Reuters) – Comcast Corp’s NBCUniversal entertainment unit is laying off about 500 employees at cable channels, Jay Leno’s late-night TV show and the Universal Pictures movie studio, a person with knowledge of the matter said on Monday. The cuts ad... More »

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Greece wins more time but no immediate aid

BRUSSELS (Reuters) – Greece’s international lenders agreed on Monday to give the country two more years to make the cuts demanded of it but the euro zone and IMF clashed over a longer-term target date to shrink the country’s debt pile. Euro zone finance minist... More »

Thompson takes helm at NYTimes, faces stiff challenges

(Reuters) – Mark Thompson reported to work as the New York Times Co chief executive on Monday, confronting challenges ranging from making the publisher less dependent on advertising to trimming costs and figuring out what to do with its pile of cash. Thompson ... More »

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Ukraine election marred by delays, irregularities: EU

BRUSSELS (Reuters) – Ukraine’s October 28 parliamentary election was marred by a delayed vote count and other irregularities, the European Union said on Monday. The criticism by the bloc – which has frozen a trade deal with Ukraine because of concerns over the... More »

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Georgian PM, on Brussels visit, criticized over arrests

BRUSSELS/PRAGUE (Reuters) – NATO and European Union leaders upbraided Georgian Prime Minister Bidzina Ivanishvili on Monday over the arrest of political opponents as he visited Brussels to try to bolster ties with the West. Ivanishvili, a billionaire whose coa... More »

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Erdogan moots restoring death penalty in Turkey

ISTANBUL (Reuters) – Prime Minister Tayyip Erdogan said Turkey should consider bringing back the death penalty, a decade after Ankara abolished capital punishment as part of reforms aimed at European Union membership. Political commentators accused Erdogan of ... More »

BBC head says broadcaster must reform or die

LONDON (Reuters) – Britain’s BBC could be doomed unless it makes radical changes, the head of its governing trust said, after its director general quit to take the blame for the airing of false child sex abuse allegations against a former politician. BBC Trust... More »

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Ex-BBC boss set to take reins at New York Times

(Reuters) – The New York Times Co said it will proceed with its plan for Mark Thompson to take over as CEO on Monday, despite an intensifying scandal at the BBC that has raised questions about his tenure at Britain’s flagship broadcasting company. “He is going... More »

BBC must reform or die, says Trust chairman

LONDON (Reuters) – Britain’s BBC could be doomed unless it makes radical changes, the head of its governing trust said on Sunday, after its director general quit to take the blame for the airing of false child sex abuse allegations against a former politician.... More »

BBC director general resigns over “shoddy journalism”

LONDON (Reuters) – BBC Director General George Entwistle resigned on Saturday, just two months into the job, after the state-funded broadcaster put out a program denounced by the corporation’s chairman as shoddy journalism. The BBC, reeling from revelations th... More »

BBC chief quits amid broadcaster’s child sex abuse turmoil

LONDON (Reuters) – BBC Director General George Entwistle resigned on Saturday, just two months into the job, after failing to get to grips with a child sex abuse scandal that has thrown the 90-year-old state-funded broadcaster into turmoil. Entwistle has faced... More »

BBC under fire again after false child sex abuse report

LONDON (Reuters) – Britain’s public broadcaster, reeling from revelations that one of its former stars was a pedophile, was struggling to contain damage on Saturday after a flagship news program aired a mistaken allegation that an ex-politician sexually abused... More »

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Draghi open to ECB rate cut, done helping Greece

FRANKFURT (Reuters) – The euro zone economy shows little sign of recovering before the year-end despite easing financial market conditions, European Central Bank President Mario Draghi said on Thursday, leaving open the possibility of an interest rate cut in t... More »

Draghi: economic outlook weak, not improving

FRANKFURT (Reuters) – The European Central Bank expects the euro zone economy to remain poor, ECB President Mario Draghi said after the bank left interest rates unchanged on Thursday. “Economic activity in the euro area is expected to remain weak,” Draghi told... More »

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Draghi comments at ECB news conference

FRANKFURT (Reuters) – The European Central Bank held its main interest rate at 0.75 percent on Thursday, deferring any cut in borrowing costs while it assesses the extent of the euro zone’s economic downturn and waits for a cue to use its new bond-purchase pro... More »

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Merkel warns Britain against European Union exit

LONDON (Reuters) – Germany’s Angela Merkel on Wednesday warned Britain not to turn its back on Europe and urged its Prime Minister David Cameron to work with her to avoid deadlock at European Union budget talks later this month. The leaders met in London to tr... More »

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Draghi says ECB plan allows for unlimited bond buys

FRANKFURT (Reuters) – The European Central Bank’s new bond-buying program allows for unlimited interventions in sovereign debt markets and should dispel concerns about a euro zone break-up, ECB President Mario Draghi said on Wednesday. Speaking a day before th... More »

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Ford may cut more Europe jobs if slump deepens

BERLIN (Reuters) – Ford Motor Co (F.N ) may scrap more plants and lay off more workers in Europe as the euro zone debt crisis continues to exacerbate the auto sector’s overcapacity. The situation in European markets remains “very volatile”, Ford Chief Executiv... More »

Time Warner Cable misses on falling video demand

(Reuters) – Time Warner Cable Inc, the second largest U.S. cable operator, reported a quarterly profit that missed estimates as the company lost more video subscribers than expected, sending its shares down more than 6 percent on Monday. Like larger rival Comc... More »

Cozy texts show Cameron ties to Murdoch executive

LONDON (Reuters) – Text messages sent by the former head of Rupert Murdoch’s British newspapers to Prime Minister David Cameron, published on Sunday, have further revealed their close personal relationship. Rebekah Brooks, who is awaiting trial on charges rela... More »

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Insight: In Syrian sanctions, some gains but much uncertainty

BUCHAREST/BRUSSELS/DUBAI (Reuters) – Two months into anti-government protests in Syria last year, as the military crackdown grew more vicious, the European Union and United States introduced sanctions against President Bashar al-Assad, his security chiefs and ... More »

Germany’s Schaeuble says debt reduction is global task

BERLIN (Reuters) – The United States and Japan must share responsibility with Europe for ensuring global economic stability, German Finance Minister Wolfgang Schaeuble said, signaling that a G20 meeting this weekend should not focus solely on the euro zone cri... More »

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Deputy PM Clegg warns UK risks sliding to EU exit

LONDON (Reuters) – Britain faces a crisis that could end with the world’s sixth largest economy leaving the European Union, Deputy Prime Minister Nick Clegg warned ahead of a showdown over budget spending with other states in the 27-member bloc. A day after Pr... More »