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Report France backs off caps on CEO pay
PARIS — France's finance minister says the government is no longer planning to cap executives' salaries in the private sector, amid concerns it is antagonizing the big businesses needed to reinvigorate the economy. The Socialist government imposed limits last year on executive pay at state-run companies, and pledged to do the same in the private sector. Pierre Moscovici ...
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Switzerlands top tax diplomat to step down- media
ZURICH | Fri May 24, 2013 6:11am EDT ZURICH May 24 (Reuters) - Switzerland's top representative on international financial affairs and its chief negotiator in talks to settle a long-running dispute with the U.S. tax authorities is stepping down, Swiss media reports said on Friday. The Tages-Anzeiger and NZZ newspapers quoted sources as saying Michael Ambuehl, who has been state ...
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Europe moving faster towards BYOD
Bring your own device (BYOD) strategies are being adopted much faster in Europe than the US, according to the head of Citrix in the region. Contradicting his boss, Citrix ...
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Sweden reels after fifth day of riots
A car burns after riots in the Stockholm suburb of Kista. Sweden's capital has been hit by some of its worst riots in years after youths scorched dozens of cars, attacked a police station and threw stones at rescue services in its poor immigrant suburbs. Photo: ...
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Syria is ready for talks - Russia
Moscow - Russia said on Friday that the Syrian government had agreed in principle to attend an international peace conference proposed by Russia and the United States, and criticised what it called attempts to undermine peace ...
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Europe needs sports police force says Platini
(37 mins ago) UEFA President Michel Platini says he wants a European sports police force to tackle betting, corruption, match-fixing, doping and hooliganism. In an advance copy of a speech to the UEFA Congress in London, Platini says that six years after proposing a sports force "there has been no response'' from European governments, AP reports. "Given the absence of any ...
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Emergency landing causes delays at Heathrow
LONDON (AP) -- A British Airways jet made an emergency landing at London's Heathrow Airport after developing a technical fault after takeoff. TV footage showed smoke streaming from one of the ...
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In Sweden we look for a further rise in consumer confidence
In Sweden we look for a further rise in consumer confidence, while manufacturing confidence is expected to take a break. For more on Scandi markets see page ...
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The European currencies and yen open on a relatively firm tone
The appetite for risk is mixed ahead of the US open after improving in the second half of Thursday. Now that the market had a chance to analyze Wednesday's Federal Reserve reiteration of the likely scaling back its asset purchase program in June and saw Germany's good Ifo report, volatility must subside. But it persisted for the Nikkei 225. The European currencies and yen open on a ...
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Russia Syria has agreed in principle to peace talks
proposed by Russia and the United States . Foreign Ministry spokesman Alexander Lukashevich said in televised remarks that the Syrian government had agreed to attend the conference in Geneva, which is expected within two weeks. Lukashevich said, however, that it was impossible to set the date for the conference yet because there was "no clarity about who will speak on behalf of the ...
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Italy railways picks arrangers for 4.5 bln euro debt programme
MILAN | Fri May 24, 2013 6:00am EDT MILAN May 24 (Reuters) - Italy's state railways Ferrovie dello Stato said on Friday it has mandated Deutsche Bank, Credit Agricole, UniCredit and JP Morgan to arrange a medium-term note programme worth up to 4.5 billion euros ($5.8 billion). "The first issue of the programme is expected by the end of July," Ferrovie dello Stato said in a ...
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Italy wage inflation stable for third month at 1.4
ISTAT reported on Friday. On a month on month basis wages rose 0.3 percent, following flat readings in March and February. The annual wage increase was running marginally above the ...
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European stock markets recover slightly at open
LONDON (AFP) - European stock markets rebounded modestly at the start of trading on Friday following sharp losses suffered the previous day.London's benchmark FTSE 100 index rose 0.23 percent to 6,712.15 points, Frankfurt's DAX 30 gained 0.46 percent to 8,390.16 points and in Paris the CAC 40 climbed 0.36 percent to 3,981.27.European stock markets had slumped on Thursday, with most ...
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La Liga Preview Pressure on for Euro spots
With the title well and truly decided in La Liga and two matchdays to play, all eyes are on the European race and the relegation battle.Starting at the top, Real Sociedad have it all to do them to sustain fourth position and the UEFA Champions League qualifying position as they prepare to host Real Madrid.Sociedad are fourth, level on points with fifth-placed Valencia and need to win to ...
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Berlusconi looms large in Rome mayor election
ROME (AP) -- Silvio Berlusconi's figure looms large over Rome's mayoral elections this weekend even though the former premier isn't among the 19 candidates ...
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European shares edge lower led by banks autos
LONDON | Fri May 24, 2013 5:44am EDT LONDON May 24 (Reuters) - European shares edged lower on Friday, led by auto and banking shares as investor sentiment remained shaky on concerns about a possible rolling back of U.S. monetary stimulus. The pan-European FTSEurofirst 300 index was down 0.4 percent at 1,225.26 points at 0941 GMT, with selling momentum accelerating as the index ...
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Kerry to Visit Ethiopia for Security Talks
U.S. Secretary of State John Kerry is headed to Ethiopia for security talks with regional officials and to attend a 50th anniversary celebration for the African ...
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Russia Syria Agrees to Participate in Conference
Russia says the Syrian government has agreed in principle to attend aproposed international peace conference on the country's future. A spokesman for the Russian foreign ministry said Friday that Syria has agreed to participate in the conference that Russia and the U.S. have proposed next month in Geneva. But he said it is impossible to set a date yet because it is not clear yet who will ...
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Workers Struggles Europe Middle East Africa
Around 400 drivers of the Veolia bus company have taken part in a walkout since May 14, in protest at a new shift system and the company's personnel management record. Over the past week, Veolia Transport and the union have held talks without results. The strike affects all Veolia routes from the Tuupakka and Hakunila depots. Traffic in central Vantaa has been severely affected, as well as ...
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Proud Rizzoli prepared for Wembley experience
UEFA Champions League final referee Nicola Rizzoli told UEFA.com he feels "very proud" to have been given Saturday's Wembley assignment, saying: "Finals are always special ...
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Something in the Air A wispy but likeable look at France post-1968
, Assayas has been at the top of his game, in firm command of the material. Here, although the period details are superbly etched, he seems too close to his characters to form the judgments need to create any real dramatic tension. And an overdose of sympathy makes for a wispy picture, likeable certainly but lacking in crispness and ...
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Euro Tour chief apologises for remark
The chief executive of the European Tour has issued an apology after becoming embroiled in the Sergio Garcia racism row.Garcia got into trouble after joking at a European Tour awards dinner on Tuesday that he would serve world number one Tiger Woods fried chicken for dinner.The Spaniard offered an unreserved apology on Wednesday for the remarks, which Woods described as 'wrong, hurtful and ...
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French president defends Mali war after attacks
PARIS -; France's president says his country must fight harder against terrorists in Africa, after two suicide bombings apparently staged by extremists angry over the French military intervention in ...
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Russia tsunami warning cancelled
A massive earthquake deep under the sea in Russia's Far East was felt in cities including Moscow but emergency services called off a tsunami warning issued for the Pacific Sakhalin ...
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Wait there are riots in Sweden
The riots, which have shattered Sweden's image abroad as a peaceful and egalitarian nation, have sparked a debate in Sweden about the assimilation of immigrants, who make up about 15 per cent of the population. ...
Denmark Discussion
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Denmark's Russian relationship
Danish relations with Russia have existed for several centuries, with the first recorded diplomatic relations dating from 1493, when King Hans and Ivan III signed a treaty aimed at planning an offensive against Sweden and Lithuania. Since then the relations between the two countries have grown closer, frayed, become tense, reconciled and stagnated at different points throughout the history of their respective political development.
Denmark and Russia have always been economically and politically important to one another though. Denmark, since the end of the Cold War, has acted as a bridge between the east and west, and during much of the tumultuous politics of the post-war and Cold War period, remained largely neutral in many affairs concerning Russia. In 1939 the country refused to support measures to expel Russia from the then-League of Nations, and resisted attempts by Nordic countries to set up a defense alliance for the region. Read more
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