Europe leaders agree on bank rescue plan

At long last, European leaders have come up with a coordinated EU response to the banking crisis. Or have they? The leaders of the 15 nations in the eurozone have announced a Europe-wide plan to deal with the crisis,...

EU countries may use economic crisis to ditch climate change commitments

The global financial crisis could be seen as a way for the EU countries to excuse themselves from their climate change commitments, according to sources seen by The Guardian newspaper in the UK.The EU Council meets...

Brown critic 'ends hostilities'

UK prime minister Gordon Brown's comeback continues, as one of his leading critics has publicly said he will stop his calls for Brown to step aside."One of Gordon Brown's leading critics has said his campaign for a...

European finance ministers to hold emergency talks

"Finance ministers from the European Union's 27 member states are set to hold emergency talks on the global financial crisis in Luxembourg. There are reports that the EU finance ministers will be seeking agreement on guidelines to safeguard both the savings of individual...

European, Asian markets slide on banking worries

Overnight, Asian markets dropped and the big European markets plummeting just minutes after opening.  The drops were widely expected following a weekend where European leaders met to stem the growing, global...

Second Belgian bank gets bail-out

A second Belgian bank has had to be rescued by a coalition of the Luxembourg, Belgium and Netherlands governments. The announcement that Dexia will be bailed out comes one day after the countries announced they would...

European Regulators Scramble to Save Banks

Thr Brit's first exposed to NewYork Wall street debacle, nationalized mortgage lender Bradford & Bingley. (not Euro zone, British pound)  France the only country without Bank collapse so far. " European...

European Commision: Broadband to be "Universal"

"Brussels is considering making broadband access available for all. The fast growth of broadband has led the European Commission to bring forward a review of the basic telecoms services Europeans can expect. Current...

Benelux governments rescue Fortis; ING to buy ABN

" Benelux governments nationalized parts of banking and insurance group Fortis in a bid to prevent U.S.-style financial contagion engulfing one of Europe's top 20 banks. After emergency talks with European Central...

Dominican leader urges Wall Street-style ‘bail-out’ to reach UN poverty g...

" 24 September 2008 – President Leonel Fernández of the Dominican Republic today called on the world’s richest countries to provide the same emergency funding to achieve the United Nations Millennium Development...

London's Ban on short-selling could drive Hedge funds to rival cities

Was it a good idea to limit short selling, speculating on falling stocks ?London is not sure, first HEDGE FUNDS go to other places in Europe and Dubai. " Britain's temporary ban on short-selling financial stocks...

European Union boosts Renewable energy up to 20% by 2020

SEPT-11 2008 Europe   The Parliament's Industry Committee has almost unanimously backed EU legislation that paves the way for massive investment in renewables. EU countries are set to back the main elements...

Tour de France: Why Stage 17 Matters

There is a history to the Tour. It has its legendary riders: Eddy Merckx (a.k.a. "the canibal") who is the only one to ever win all three jerseys in a single Tour, Miguel Indurain, Fausto Coppi, and of course Lance...

EU states impose new sanctions on Iran

Iran is now facing consequences after refusing to meet demands to curb its nuclear program. European Union states have decided to impose new sanctions against them, including an asset freeze on its biggest bank. The asset freeze was apparently based on measures agreed by the...

Skype's latest puts focus on watching who you call

With Firefox upping their game, Skype is not far behind with a new version set to release. Version 4.0 would make video a more integral part of the service.   " Web communications leader Skype begins public...

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