Athens: Greece put a senior judge in charge of an emergency government on Wednesday to lead it to new elections on June 17 and bankers sought to calm public fears after the president said political chaos risked causing panic and a run on deposits. Greeks have been withdrawing hundreds of millions of euros (dollars) from banks in recent days as the prospect of the country being forced out of the...
06:45 PM, May 16, 2012
New Delhi: There is a clash between the Ministry of External Affairs and the Home Minister over a visit of eight ambassadors from European Union countries to Nagaland. The Home Ministry has written a letter to the MEA, claiming it was not informed by the ministry of the delegation visiting the north eastern state. According to the letter, the Home Ministry and the Intelligence Bureau had no knowledge of the...
05:00 PM, May 14, 2012
Naypyitaw: Myanmar's reformist rulers are looking forward to an eagerly awaited easing of European Union sanctions on Monday but celebrations will be muted over a political stalemate delaying Aung San Suu Kyi's historic parliamentary debut. A protest by Suu Kyi's party over a swearing-in vow for its would-be parliamentarians will dent an image of transformation the government wanted to show off on Monday, when the European Union is all but...
09:58 AM, Apr 23, 2012
Paris: Oil consumer nations are set to pay a record $2 trillion this year for oil imports if crude prices do not fall, the International Energy Agency (IEA) said on Tuesday, undermining economic recovery. Crude hit $128 a barrel this month, only $20 short of its 2008 peak, and is up more than 15 per cent since January, largely because of sanctions against oil producer Iran. "For the first time...
03:30 AM, Mar 28, 2012
London: Brussels has drawn up a plan that could force Britain to admit 12,000 workers from India despite soaring unemployment at home, the Daily Mail reported. The order is part of an EU-wide plan to boost trade with India. EU officials say that, in return for opening up the jobs market, countries such as Britain will be helped to land lucrative export deals. But, of 40,000 workers who will be...
07:08 AM, Mar 03, 2012
London: Brussels has drawn up a plan that could force Britain to admit 12,000 workers from India despite soaring unemployment at home, the Daily Mail reported. The order is part of an EU-wide plan to boost trade with India. EU officials say that, in return for opening up the jobs market, countries such as Britain will be helped to land lucrative export deals. But, of 40,000 workers who will be...
11:29 PM, Mar 02, 2012
Damascus: Military forces in Syria have launched a fresh offensive on several towns in the northwestern province of Idlib. This came even as the world leaders attacked Syria's referendum as the Constitution that could keep President Bashar al-Assad in power until 2018, was voted in. The European Union imposed new sanctions against the country amidst ongoing clashes. Opposition groups said at least 125 people were killed on Monday. The UN...
08:36 AM, Feb 28, 2012
Madrid: It's 10.30 on a chilly winter's morning in central Madrid and retailer Emanuela Scena is opening up for business. Her shop is one of several offering second-hand goods that have sprung up in Spain's capital during the economic crisis and is packed to the rafters with clothes, books, CDs and electrical equipment. But unlike the others, it doesn't take cash. It's part of a barter economy in goods and...
05:23 PM, Feb 21, 2012
Brussels: A European Union court ruled that social networking sites cannot be compelled to install general filters to prevent the illegal trading of music and other copyrighted material. The decision is a victory for operators of social networking sites in the EU, but a setback for those who seek to protect copyrighted material from being distributed without payment or permission. It also comes as protests are growing in Europe against...
07:44 PM, Feb 16, 2012
Tehran: Iran flexed its nuclear muscle on Wednesday claiming major advances in its nuclear programme. It displayed its nuclear facilities on Television. Iran President Mahmoud Ahmadinejad, however, maintained that nuclear technology was being used for peaceful purposes and that his country was not making bombs. The US reacted to this dismissing Tehran's claims as 'mere hype'. It said that Iran was lashing out to the world to distract attention from...
07:35 AM, Feb 16, 2012
Tehran: Iran's Oil Ministry denied state media reports on the Islamic state stopping its crude exports to six European countries on Wednesday. Iran's English language Press TV said Tehran has stopped exporting oil to France, Portugal, Italy, Greece, Netherlands and Spain. "We deny this report...If such a decision is made, it will be announced by Iran's Supreme National Security Council," a spokesman for the ministry said. The EU's 27 member...
07:43 PM, Feb 15, 2012
Tehran: Iran has stopped oil exports to six European states in retaliation for European Union sanctions imposed on the Islamic state's key export, its English-language Press TV reported on Wednesday. "Iran cuts its oil exports to six European countries," Press TV reported. Press TV said Iran has stopped exporting oil to Netherlands, Greece, France, Portugal, Spain and Italy. Brent crude oil prices were up $1 a barrel to $118.35 shortly...
06:37 PM, Feb 15, 2012
Athens: Greece's Parliament approved a deeply unpopular austerity bill Monday to secure a second EU/IMF bailout and avoid national bankruptcy, as buildings burned across central Athens and violence spread around the country. Cinemas, cafes, shops and banks were set ablaze in central Athens and black-masked protesters fought riot police outside Parliament before lawmakers voted on the package that demands deep pay, pension and job cuts - the price of a...
07:36 AM, Feb 13, 2012
Greece's coalition parties must tell the European Union on Monday whether they accept the painful terms of a new bailout deal as EU patience wears thin with political dithering in Athens over implementing reforms. Technocrat Prime Minister Lucas Papademos put on a brave face as he tried to get leaders of the three parties in his government on Sunday to sign off on the terms of a 130 billion euro...
01:10 PM, Feb 06, 2012
Washington: Despite India's assertion that it will not scale down its petroleum imports from Iran, lawmakers in Washington have been told by a Congressional report that India is "cautious" on any expansion of energy relations with Iran. "Since late 2010, India suggested that it was cautious about any expansion of energy relations with Iran," the independent Congressional Research Service (CRS) said in its latest report on Iran. Earlier this week,...
07:10 AM, Feb 03, 2012
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