EU to punish Spain for deficits, inaction BRUSSELS/MADRID (Reuters) - The European Union is likely to take action against Spain's newly installed government by May for delaying austerity measures ahead of a regional election next month, sources familiar with the situation have told Reuters. Spanish and EU officials said in response to Reuters' story that the government in Spain was working hard to reduce its deficit and that it was ...
Pakistan allows NATO to ship food to Afghanistan Pakistan announced Tuesday that it has temporarily allowed NATO to ship perishable food to its troops in Afghanistan, a sign of thawing tensions following American airstrikes last year that accidentally killed 24 Pakistani soldiers.
EU should respond rapidly to Myanmar reforms: top EU official YANGON (Reuters) - The European Union should respond fast to changes under way in Myanmar driven by a former military junta leader and "key reformer" committed to democracy and boosting the country's economy, a top EU official said on Monday. European Commissioner for Development Andris Piebalgs said President Thein Sein gave clear confirmation reforms would continue in Myanmar and an 11-month ...
UK inflation rate drops to 3.6 percent Britain's inflation rate fell to 3.6 percent in the year to January from 4.2 percent the previous month, official figures showed Tuesday, to the likely relief of cash-strapped households which have seen muted pay increases more than eaten up by rising prices.
Greece rushes to meet lender demands ATHENS (Reuters) - Greece's government rushed on Tuesday to find 325 million euros in budget cuts to satisfy euro zone finance ministers deciding whether to sign off on a rescue package to save the country from a chaotic default. Squeezed between skeptical European capitals and deep anger in Greece, political leaders must also produce written commitments to stick to the terms of the 130 billion ...
China says ready to help solve EU debt crisis China's Premier Wen Jiabao said Tuesday his country was ready to increase its participation in efforts to resolve Europe's debt crisis, after holding talks with EU leaders in Beijing.
Greece still to convince Europe over rescue deal ATHENS/BRUSSELS (Reuters) - Europe gave Greece until Wednesday to convince skeptical international creditors that it would stick to the punishing terms of a multi-billion-euro rescue package, endorsed by parliament as rioters torched downtown Athens. Lawmakers backed drastic cuts in wages, pensions and jobs on Sunday as the price of a 130 billion euro ($170 billion) bailout by the European Union ...
Chinese company to seek ban on iPad import, export A Chinese company said Tuesday it will ask customs officials to ban imports and exports of Apple's iPads due to a dispute over ownership of the trademark.
Obama Not Ready To Accept GOP 'Yes' on Taxes President Obama is not quite ready to take “yes” for an answer. At least not from House Republicans he believes have walked away from previous deals. And not when he thinks the yes is conditional and only addresses part of what he wants. So the day after the House Republican leadership signaled they will go along with extension of the payroll-tax cut that is at the top of the president’s ...
Tevez back in Manchester, says ready to play again Carlos Tevez returned to Manchester on Tuesday insisting he wanted to end his long-running feud with Manchester City manager Roberto Mancini and play again for the Premier League leaders.
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