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IMF says Spain recession may end soon
IndiGo ruled the Indian skies in May, flying almost a third (29.5%) of domestic passengers, while Jet and JetLite together were at No 2, flying 22.5% of the total ...
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Air France confirms Airbus A350 order worth $7.2 bn
LE BOURGET (FRANCE): Air France on Wednesday confirmed an order for 25 of Airbus's next-generation A350 planes in a deal worth $7.2 billion (5.4 billion euros) at catalogue prices. The planes will come into service in 2017, Alexandre de Juniac, head of the French carrier, told reporters at the Paris Air ...
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AIRSHOW-UPDATE 1-Airbus wins A350 order from Air France-KLM
Wed Jun 19, 2013 5:49am EDT * Order worth $7.2 bln at list prices * Airline also takes 25 options * Rolls-Royce to supply engines in $1.1 bln deal PARIS, June 19 (Reuters) - Airbus sealed a long-awaited order for 25 A350-900 aircraft from Air France-KLM worth $7.2 billion at list prices after Rolls-Royce and the airline reached a deal over engine maintenance. The airline also took a further 25 ...
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EU to investigate SASs 400 mln euro credit facility
BRUSSELS, June 19 | Wed Jun 19, 2013 5:45am EDT BRUSSELS, June 19 (Reuters) - EU regulators are investigating whether a 400-million-euro ($535.70 million) credit facility granted to Scandinavian airline SAS by Sweden and Denmark, together with other creditors, last year was carried out in line with market conditions and EU state aid rules. The revolving credit facility (RCF) was ...
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IMF calls for urgent steps on Spain unemployment
MADRID -; The International Monetary Fund says recession-wracked Spain is making progress but is urging policymakers both within the country and in Europe to take "urgent action" to slash the country's crippling 27 percent unemployment ...
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SKorea to Buy European Long-Range Missiles
South Korea has decided to upgrade its long-range missile arsenal with European-made weapons, after the Pentagon did not approve the sale of similar U.S. ...
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UPDATE 1-Turkish lira firms after central bank skips repo auction
Wed Jun 19, 2013 5:42am EDT * Central bank fixed-rate repo auction not opened * Shares higher, bonds weaker ISTANBUL, June 19 (Reuters) - The Turkish lira firmed on Wednesday after the central bank skipped a repo auction to combat currency pressure brought on by concerns about domestic unrest and uncertainty over the U.S. asset purchase programme. Turkish assets have been volatile since the end ...
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IMF gives Spain a thumbs up warns of risks
By Julien ToyerMADRID (Reuters) - Spain has made strong progress on fixing its economy, the International Monetary Fund said on Wednesday, although it warned more steps were needed to tackle a difficult outlook.In the concluding statement of its annual assessment of the Spanish economy, the IMF urged the government and European authorities to boost job creation in the country while going further ...
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Strongest ever Womens Champions League lineup
Newcomers from Sweden and four past champions are among 54 teams from 46 nations in the running for the 2013/14 UEFA Women's Champions League- with the 27 June qualifying round draw in Nyon streamed live on UEFA.com from ...
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Watchdog accused of hospital cover-up still not fit for purpose chairman admits
The NHS watchdog accused of a covering up its failure to investigate a maternity unit where babies died through neglect is still not "fully set up" to properly inspect hospitals, its chairman has ...
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Floods close Lourdes pilgrimage site in Pyrenees
The sanctuary of Lourdes flooded, in Lourdes, southwestern France, Tuesday, June 18, 2013. French rescue services and police are evacuating hundreds of pilgrims from hotels threatened by floodwaters from a rain-swollen river in the Roman Catholic shrine town of Lourdes. (AP Photo/Bob ...
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Currency factors weigh on retailer HMs Q2 profit
STOCKHOLM -; Swedish fashion retailer Hennes & Mauritz AB on Wednesday said profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns as it tried to shift its ...
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UK banking commission urges better standards
LONDON -- British bankers could soon be facing harsher penalties for behaving badly.After a year which has seen major scandals involving rate-rigging, money-laundering and rogue-trading rock the UK's financial industry, an influential parliamentary committee recommended Wednesday that senior bankers should be held more accountable for their bank's actions. One measure, it said, should ...
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UPDATE 1-SocGens Oudea pledges Russia profit jump
Wed Jun 19, 2013 5:32am EDT * To almost double ROE to over 15 pct by 2015 * Bank to keep cutting costs in fragmented market * No comment on Golubkov case, internal audit By Lionel Laurent MOSCOW, June 19 (Reuters) - French bank Societe Generale aims to deliver a sustainable return on equity of over 15 percent at its Russia operations by 2015, SocGen Chief Executive Frederic Oudea said on ...
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No devaluation in Russia - head of Central Bank Sergei Ignatyev
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Russia manages to defend its positions at G8 summit
MOSCOW, June 19 (Itar-Tass) - The head of the State Duma’s international affairs committee, Alexei Pushkov, believes that Russia has managed to defend its positions at the G8 summit in Lough Erne and not succumb to pressures. "President Vladimir Putin’s participation in the G8 summit was certainly a success," Pushkov told the media. According to the senior legislator, ...
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11-stone dog enters animal charitys fit club
Undated handout photo issued by PDSA of veterinary nurse Sue Bartlett with Mizzy the Bull Mastiff from Littleover, in Derby, which weighs in at over 11 stone and is the largest pet ever to take part in Pet Fit Club, PDSA?s national slimming competition, which has been running for nearly a decade. PRESS ASSOCIATION Photo. Issue date: Wednesday June 19, 2013. Huge hound Mizzy weighs nearly 72kg, ...
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WikiLeaks founder Julian Assange will stay in Ecuador embassy even if Sweden sex charges dropped
The WikiLeaks founder Julian Assange will not leave the Ecuadorian Embassy in London even if sex charges against him are dropped, because he fears moves are already under way to extradite him to the United States, he has ...
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Greece PM in fresh bid to break deadlock over broadcaster
Greek Prime Minister Antonis Samaras will on Wednesday make a last-ditch effort in talks with coalition allies to avert a crisis over his controversial shutdown of the state broadcaster which threatens to bring down his ...
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Google Russia CEO Says US Has No Direct Access to Servers
MOSCOW, June 19 (RIA Novosti) – Google has not provided the US authorities with direct assess to its servers, the head of Google Russia said on Wednesday, while acknowledging that the Internet giant regularly receives requests for user data from government agencies. "Yes, we receive government requests to provide data, but this is strictly in line with the law. It is important to ...
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Bribery trial of former Finmeccanica CEO opens
MILAN (AP) -- The former head of the Italian aerospace and defense giant Finmeccanica goes on trial in a case involving alleged bribes to win a 560 million euro ($670 million) helicopter contract in ...
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Opinion Why U.S. needs Germany
>Sudha David-Wilp is a senior program officer at the German Marshall Fund of the United States' Berlin office. She previously oversaw the Congressional Study Group on Germany, a program for lawmakers on Capitol Hill and in the Bundestag, in Washington DC. Follow her on Twitter. Berlin (CNN) -- US President John ...
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Darrell Delamaides Political Capital Euro crisis needs a continental solution
Berlusconi also opposes the prospective VAT increase and said this week that Italy should flout the euro requirement to keep government deficits at less than 3% of gross domestic product. He could topple the coalition at any moment if he comes to believe that new national elections would strengthen his ...
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Europe Markets European stocks drop as Fed statement eyed
LONDON (MarketWatch) -- European stock markets dropped on Wednesday, with what is likely to be a volatile day ahead as investors wait for the much anticipated monetary-policy decision from the U.S. Federal ...
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Perhaps one more session before the Euro finally tests
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Turkey Digest
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Turkey remains bridge between civilisations in railway plans
Turkey is often described as the gateway between two great civilisations, this is a theme employed commonly in our promotional material to encourage tourism and it has been invoked as part of the rhetoric used in ongoing efforts to join the EU, but the fact remains that Turkey is a key player in the world of geopolitics and this is seen most clearly in two major railway projects currently being planned between three regions of the world.
Turkey’s largest city, Istanbul, is famous for being the only metropolitan region in the world that spans two continents, sitting as it does in both between Asia and Europe. This idiosyncrasy of the city has made it a popular tourist destination due to the diversity of culture and architecture, but on a wider scale, the geopolitical significance of Turkey is growing and will indeed grow further if two major infrastructure plans in the Middle East and Asia take shape in the next few decades. Read more
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