New airspace closure rules decided after last year's Icelandic volcanic eruption have caused divisions in Europe on how to decide whether airlines can fly near the ash cloud. A bureaucratic turf war
Irish budget airline Ryanair on Tuesday flew a plane through Scottish airspace regulators say has "high ash concentration" in a bid to show there was no danger from a volcanic eruption in
– Year profit up 13 percent to 714 million sterling vs forecast 710 million – To test new store formats from October – Good start to new financial year, but cautious on outlook
– Greek default likely to have contagion effect – Moody's – Greek banks would require recapitalisation – Says changes in term of debt, reprofiling would be default A Greek debt default would
Flights from parts of the UK will probably be disrupted on Tuesday by an ash cloud billowing from a volcano in Iceland, the Civil Aviation Authority (CAA) said. The Met Office is
Greece should set up a trustee institution to help privatise state assets, similar to the body that privatised East German companies after the fall of communism, Eurogroup's Jean-Claude Juncker said. Juncker, who
Greek Prime Minister George Papandreou discussed new emergency measures with his cabinet on Monday to cut the deficit, keen to convince lenders Athens can deal with a debt crisis without a restructuring.
– Spanish, Greek, Italian bond yields spike on concerns – Greek cabinet debates more cuts amid loan uncertainty Financial markets piled pressure on peripheral euro zone countries on Monday as investors worried
– Former Sony executives slam bureaucracy, complacency – Turf wars remain a problem despite CEO's efforts – Apple had looked up to Sony, now it's worth 12 times Sony – Problem was "all
– Iceland to keep main airport shut as volcano erupts – Routes elsewhere in Europe still operating An eruption by Iceland's most active volcano was set to keep the island's main airport shut
