Tag: Europe

EU to give 500 million euros to farmers hit by Russia sanctions

BRUSSELS, Belgium, September 8 (Reuters) — The European Commission announced a 500 million euro ($557 million) package of measures on Monday (September 7) to provide relief for farmers stung by slumping prices, triggered partly by the loss of exports to Russia due to EU sanctions against the country. The crisis has triggered a wave of protests which culminated on Monday with nearly 5,000 farmers and more than 1,000 tractors arriving in Brussels, where an emergency […]

Refugees say police blocking their way as they head for Budapest

HUNGARY, September 8 (Reuters) — Migrants and refugees walking through Hungary complained on Monday (September 7) that police were preventing them from making their way to Budapest. The police initially escorted the group, who were heading to the Hungarian capital after leaving a migrant camp on the border. At Roszke, on Hungary’s frontier with Serbia, around 300 migrants broke through a cordon around a reception camp and set off down the wrong side of the […]

Great fall of China hits global markets

By Ciara Lee (REUTERS) — The alarm bells rang in China – and they were heard in Europe. Markets there opened more than three percent in the red The UK’s FTSE 100, France’s CAC 40 and Germany’s DAX were all down in morning trade. Robert Halver, head of Capital Market Analysis at Baader Bank said: “The 10,000 mark is psychologically important. The index is no longer five digit, it’s four digit and now we have entered […]

Italian navy rescues more than 100 migrants in Mediterranean

(Reuters) — Some 111 migrants were rescued from a deflating rubber dinghy in the Mediterranean on Saturday (August 22), the Italian coast guard said, releasing video footage of the rescue operations. The footage released by the coast guard on Sunday (August 23) showed the migrants waving as coast guard officers approached them. Some migrants could be seen holding up the deflated front of their rubber dinghy while officers signalled to the those waving to stay […]

Mogherini says Europe must show flexibility on Greece

Europe must show flexibility in dealing with the Greek debt crisis not just out of a sense of solidarity but to defend the common interest as well, European Union foreign policy chief Federica Mogherini said on Tuesday (April 14). “If one falls, it’s the whole system that falls,” she said. Speaking with students ahead of a meeting of G7 foreign ministers in the German town of Luebeck, Mogherini said the rest of the EU should […]

Weak euro is good news for American tourists in Paris

American tourists in Paris said on Monday (March 16) that they were more likely to travel to Europe since the euro’s slide towards parity with the dollar, and that once in Europe they were likely to make more purchases. “You don’t feel like you’re spending quite so much. And it’s almost one to one in a way right now between the U.S. dollar and the euro, so it’s also very easy to convert in your […]

100 people on shortlist for Mars ‘colony’

Hundreds of thousands of would-be astronauts have been narrowed down to 100 who will proceed to the next round of the Mars One project for a chance to create a human colony on the red planet. The candidates, 50 men and 50 women, come from all around the world. The majority, 39, are from the United States, with 31 from Europe, 16 from Asia, seven from Africa, and seven from Oceania. Student Maggie Lieu, 24, […]

President Aquino brings home good news

President Aquino shares the good news he brought from his two weeks visit in Europe and the United States. As he landed in the Ninoy Aquino International Airport 2, President Aquino reported that his trip was worth it. Said trip was the longest he was away from the country. He added that through the meetings that he conducted, the Philippines will receive almost 2.35 billion dollars in investment, which will generate more employment. He also […]

European Commission praises OFWs

European Commission President Herman van Rompuy recognized and praised overseas Filipino workers in Europe. Rompuy acknowledged the economic contributions of Filipino migrant workers in Europe. OFWs send 2.3 billion euros worth of remittances to the Philippines while Europe is the largest employer of Filipino seafarers.

Side deals with Moscow thwart drive to wean Europe off Russian gas By Henning Gloystein

(Reuters) – While officials in Brussels were calling for Europe to reduce its dependency on Russian natural gas and negotiate with Moscow as a bloc, Austria was quietly bypassing the European Commission to cut its own bilateral deal on building a pipeline. The deal on the South Stream pipeline, which will be built under the Black Sea to Bulgaria and on to central Europe, shows the European Union’s difficulty in creating a unified energy policy […]

U.S. diplomat plays down leaked call; Germany’s Merkel angry

(Reuters) – A top U.S. diplomat tried to play down the damage to Washington’s diplomacy in Ukraine from a leaked telephone call, but German Chancellor Angela Merkel called an obscene remark about the EU “absolutely unacceptable.” U.S. officials blamed Moscow for the Internet leak of recordings of a senior State Department official and the U.S. ambassador discussing a possible future government for Ukraine, where Washington and Brussels back anti-Kremlin demonstrators. Western officials described the leaks […]