EUROPEAN UNION

AU's Odinga says IvoryCoast mediation fails

Kenyan Prime Minister Raila Odinga said an African effort to mediate Ivory Coast's disputed poll had failed on Wednesday, blaming incumbent Laurent Gbagbo and warning of harsh sanctions or force if he did not step down.

Germany raises 2011 growth outlook

Germany raised its official growth forecast for 2011 from 1.8 percent projected in October last year to 2.3 percent, signaling Europe's largest economy is poised to drive global recovery this year.
More news

Algeria snaps up wheat, seen securing supplies

Algeria bought 600,000 tonnes of wheat, traders said on Monday, snapping up grain at a time of high prices and tight supply even as neighbouring countries take measures to head off Tunisia-style unrest over food inflation.

Observers approve south Sudan independence vote

International observers gave south Sudan's independence referendum their seal of approval on Monday and said a vote for secession was now virtually certain in their first official judgment on the poll.
IBTimes Logo

Euro zone finance ministers discuss changes to rescue fund

Euro zone finance ministers called on Monday for an increase in the effective lending capacity of the currency bloc's rescue fund, but EU paymaster Germany said there was no urgency and it would be March before a firm plan was in place.
IBTimes Logo

Trichet urges enhanced Europe standby fund

European Central Bank President Jean-Claude Trichet urged Ireland and Greece to live up to commitments made in return for financial help and said a broader European safety fund should be beefed up.
IBTimes Logo

Ivory Coast strife draws in central bank

Bloody post-election deadlock in Ivory Coast washed into the halls of West Africa's central bank on Friday, where rival presidents see control of state funds as a key to victory in a battle that has cost hundreds of lives.
Axel Weber

Inflation risks could move to upside -ECB's Weber

Inflation risks in the euro zone could well move to the upside and the 17-country region's economic outlook has clearly improved, European Central Bank Governing Council Axel Weber said on Friday.
IBTimes Logo

Gold Price Erases Dollar Gains, Drops 5% vs. Euro

The Euro extended its rally on the currency markets, spiking to a 4-week high vs. the Dollar of $1.3450 before easing back. Thus, Gold priced in Euros dropped almost 5% from Monday's near-record high.
IBTimes Logo

Britain scraps forced retirement age at 65

Companies will no longer be able to force staff to retire at 65, Britain's government said on Thursday in a move to boost the number of older people staying on at work as the population ages.
A sculpture showing the euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Euro zone escalation fears ease after Spain auction

Spain and Italy staged successful bond sales on Thursday, easing concerns about an escalation of euro zone debt strife and buying the bloc's leaders more time to come up with a new package of anti-crisis measures.
China's President Hu Jintao adjusts his glasses at the APEC CEO Summit in Yokohama

U.S. tries fence-mending with China

President Hu Jintao of China is coming to America next week, to meet with President Barack Obama and discuss relations between the world’s two largest economies.

Tunisian interior minister fired over unrest

Tunisian President Zine al-Abidine Ben Ali fired his interior minister on Wednesday to try to staunch the worst unrest in decades, but fresh clashes with police broke out and witnesses said one man was killed

Four major risks to US economic recovery in 2011

The extra fiscal stimulus in the form of tax cuts approved in December could produce a 4 percent growth rate for the U.S. economy in the first half of 2011, but there are lingering risks that could lead to a cold shower in 2012, according to the American Enterprise Institute (AEI).
Olli Rehn

EU's Rehn seeks stronger fund, Portugal sells bonds

The European Union's top economics official called on Wednesday for a strengthening of Europe's financial safety net as Portugal, widely seen as the next candidate for a bailout, returned to the market for funds.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.