Germany's Social Democrats (SPD) have dropped their demand for a euro zone debt redemption fund in coalition talks with Angela Merkel's conservatives, but the camps still have work to do to finalise a deal on banking union, both sides said on Monday. The centre-left SPD supported the idea of common euro zone bond isuance during
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The European Bank for Reconstruction and Development cut its growth forecasts for central and eastern Europe and North Africa on Monday, citing weak demand for their exports and unfinished reforms. Deflationary pressures were also coming from the euro zone, but internal risks of deflation were limited, the bank's chief economist said. The EBRD's forecasts for
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Ryanair announces customer service improvements over next 6 months Ryanair, Europe’s favourite low fares airline today (25 Oct) unveiled a programme of enhancements to its industry leading customer service which has seen the airline’s traffic grow to over 80m p.a. thanks to Ryanair’s unbeatable combination of lowest fares, on-time flights, new aircraft fleet and the
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New partnership connects American Express card members to Emirates Skywards programme American Express welcomes Emirates Skywards to the industry-leading Membership Rewards programme. American Express Card Members enrolled in Membership Rewards are now able to transfer points into the Emirates Skywards program and redeem Skywards Miles for travel on one of the world’s leading airlines. To
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Media giant Rupert Murdoch's dominant pay-TV operator BSkyB saw more than 1.5 bln pounds wiped off its stock market value on Monday after admitting it had been out-muscled at its own game with the loss of Champions League soccer rights. Shares in the British group, which had previously seen off three major challengers to its
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Interior Minister Socrates Hasikos said that the Government will soon announce a series of measures and actions in order to prevent the sale of Greek Cypriot owned properties in the Turkish-occupied areas of Cyprus. Speaking at a memorial event organised by the occupied town of Trachonas, the Minister called on all refugees not to sell
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Once a clear environmental leader, the European Union is likely to set a more cautious tone for the global debate on a U.N. climate deal when it unveils a new chunk of green energy law early next year. Warsaw talks starting on Monday assemble almost 200 nations to prepare for a U.N. global pact, to
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Dazed survivors of a super typhoon that swept through the central Philippines killing an estimated 10,000 people begged for help and scavenged for food, water and medicine on Monday, threatening to overwhelm military and rescue resources. As President Benigno Aquino deployed hundreds of soldiers in the coastal city of Tacloban to quell looting, reports from
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An unidentified attacker shot dead an Iranian deputy minister of industry in Tehran on Sunday, the state news agency IRNA reported, in what appeared the first reported killing of a senior central government official in years. The Mehr semi-official news agency reported a police officer as saying a personal motive was most probably behind the
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The French foreign minister said on Monday he was hopeful a deal could be reached with Iran over its nuclear programme, although Tehran still had to make an effort on a few points. "We are not far from an agreement with the Iranians, but we are not there yet," Laurent Fabius told Europe 1 radio.
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