10 Updates

Merkel, Hollande urge compromise on EU budget

Source: Middle East North Africa Financial Network, Nov 25 2012, 1:13am CST

(MENAFN - Saudi Press Agency) A compromise must be found on European Union spending for 2014-20, Germany and France said ahead of a crunch summit on Thursday, but Chancellor Angela Merkel warned that more time might be ne ...

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Update
10

1 hour ago

Hollande's World

Source: Wall Street Journal  |   May 21 2013, 3:03pm CDT

François Hollande marked his first year as France's President by declaring that the battle of the euro crisis was over—and the battle of the recession had begun. The culprit? "Austerity policies," he declared in a press conference last week, which are " ...

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Update
9

2 hours ago

Pope statue unveiled in Italian potato field

Source: Middle East North Africa Financial Network  |   May 21 2013, 1:30pm CDT

(MENAFN - AFP) The first-ever statue of Pope Francis has been unveiled in a potato field near Naples -- an unorthodox homage to the fact that the Argentine pope's ancestors were farmers in northern Italy. The statue will be presented to the ...

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Update
8

4 hours ago

WikiLeaks' donations barely enough to keep the servers running

Source: ITWorld.com  |   May 21 2013, 11:17am CDT

May 21, 2013, 12:17 PM — Donations to WikiLeaks since January have only been enough to cover expenditures in essential infrastructure, such as servers, according to a transparency report. Donations have been declining substantia ...

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Update
7

7 hours ago

Thousands of French Households Taxed at 100 Pct.

Source: The New Media Journal  |   May 21 2013, 8:52am CDT

More than 8,000 French households' tax bills topped 100 percent of their income in 2012, according to a French newspaper report. Citing data from France's finance ministry, the business newspaper Les Echo ...

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Update
6

7 hours ago

Car boss asks Merkel to rethink CO2 pledge

Source: The Local  |   May 21 2013, 8:36am CDT

The letter, seen by the Frankfurter Allgemeine Zeitung (FAZ), is dated May 8th and argues that the plan will cripple the German car industry. "Dear Angela," VDA president Matthias Wissman begins. "We cannot allow our powerful and ...

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5

7 hours ago

How the French economy compares to Germany's, UK's

Source: Boston Herald  |   May 21 2013, 8:16am CDT

PARIS — Here's how the struggling French economy stacks up compared to Germany's and Britain's. France: 34.20 euros ($44.01), of which 33.6 percent is taxes Germany: 30.40 euros ($39.12), of which 21.9 percent is taxes Britain: 21 ...

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Update
4

8 hours ago

Vodafone annual profits slump 90% on eurozone woes

Source: Middle East North Africa Financial Network  |   May 21 2013, 7:59am CDT

(MENAFN - AFP) British mobile phone giant Vodafone on Tuesday reported a 90-percent plunge in annual net profit after taking a vast impairment charge relating to poor business in debt-laden eurozone nations Italy and Spain ...

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Update
3

8 hours ago

European power firms sound alarm over energy policy

Source: Middle East North Africa Financial Network  |   May 21 2013, 7:59am CDT

(MENAFN - AFP) French group GDF Suez led an attack by eight leading European power companies on EU energy policy on Tuesday, saying it had "failed" and was destroying parts of the sector. In what he descri ...

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Update
2

8 hours ago

Ryanair mulls Poland-Israel route for Auschwitz trips

Source: Middle East North Africa Financial Network  |   May 21 2013, 7:59am CDT

(MENAFN - AFP) Low-cost European airline Ryanair is looking at introducing flights between Israel and Poland to cater for Israeli schoolchildren visiting the former Nazi death camp at Auschwitz. "It seems that every Israeli child has to ...

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Update
1

8 hours ago

Softbank to issue record bonds for Sprint takeover

Source: Middle East North Africa Financial Network  |   May 21 2013, 7:59am CDT

(MENAFN - AFP) Japanese mobile operator Softbank said Tuesday it planned to raise 3.9 billion through a record bond issuance in June to finance its proposed takeover of US firm Sprint Nextel. Softbank, which is under pressure from Sprint shareholders ...

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