The global economic crisis is not over and unemployment will still go up in the months to come, the leaders of Britain, France and Germany warned on Thursday before a meeting of G20 policymakers in London this weekend. In a letter to their European Union colleagues, the leaders of Europe's three biggest economies said there
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Cyprus said it expected peace talks to resume next week, after the opening round of new negotiations was postponed because of a row over Greek Cypriot pilgrims. "The talks will continue as usual on September 10 in line with the dates originally set before the summer break," said Stefanos Stefanou, a spokesman for the Greek
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Greek voters go to snap polls on Oct 4 to choose between conservative Greek Prime Minister Costas Karamanlis and Socialist contender George Papandreou. The ruling New Democracy party trails Socialist PASOK by 6 percentage points in opinion polls. These are some of the issues: ECONOMY According to opinion polls, the economy tops voter concerns, with
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Consumers in Cyprus, the Czech Republic, Hungary, Poland, Romania and Slovenia now have access to consumer magazines and websites, which provide independent, comparative testing of consumer products, following a three-year EU project co-financed by the European Commission. The final results of the programme, including a sample of 5 product studies and up-to-date circulation figures for
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World stocks and oil prices rose on Thursday, bolstered by firmer Chinese shares, while the euro held firm after the European Central Bank left interest rates at record lows as expected. The yen briefly hit a seven-week high against the dollar as investors grew cautious ahead of Friday's closely-watched U.S. jobs report. The ECB left
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Jose Manuel Barroso vowed on Thursday to seek more cooperation within the European Union and the euro zone if elected for a second five-year term as president of the EU's executive European Commission. Closer ties within the blocs are needed to ward off economic crises and, in particular, to withdraw the fiscal stimuli with which
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The European Central Bank kept interest rates at 1.0 percent on Thursday, moving attention to President Jean-Claude Trichet's view of the fledging euro zone recovery and new ECB economic projections. All 80 economists polled by Reuters had forecast the decision to keep rates at their current all-time low for the fourth month running and markets
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Britain, France and Germany called on the G20 on Thursday to discuss exiting measures implemented to tackle economic crisis, as well as limits on bank bonuses, at a forthcoming summit in Pittsburgh. In a joint letter to European leaders, British Prime Minister Gordon Brown, German Chancellor Angela Merkel and French President Nicolas Sarkozy said major
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Oil prices rose above $69 a barrel on Thursday, drawing support from a sharp fall in U.S. gasoline inventories that revived hopes of a demand recovery in the world's largest fuel consumer. U.S. crude prices for October delivery were $1.02 higher at $69.07 a barrel by 1054 GMT, after earlier reaching a high of $69.39.
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Jose Manuel Barroso vowed on Thursday to work to boost cooperation within the euro currency zone if he is elected for a second five-year term as president of the European Commission, the European Union's executive body. In a policy document sent to the European Parliament and obtained by Reuters, Barroso said increased cooperation was needed
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