U.N. evacuates refugees to Italy from Libya for first time

By Roberto Mignucci and Steve Scherer PRATICA DI MARE, Italy, Dec 22 : The United Nations began bringing African refugees to Italy from Libya on Friday, evacuating them from detention centres whose conditions have been condemned by humanitarian groups as inhumane. Hundreds of thousands of migrants have fled conflict or poverty at home and are […]

H&M leads European shares lower after sales miss, telecoms rise

By Danilo Masoni MILAN, Dec 15 : – European shares inched lower on Friday, weighed down by disappointing trading updates from fashion brands H&M and Ferragamo and weakness among heavyweight banks. But dealmaking activity in the telecom sector and gains among utility stocks offset part of the losses, helping the pan-European STOXX 600 index come […]

M&A dominates Europe share trading as oil leads gains

By Helen Reid LONDON, Dec 12 : Mergers and acquisitions dominated early European share trading on Tuesday, while a decline in banks was offset by strength in oil stocks after a pipeline shutdown boosted crude prices. The pan-European STOXX 600 gained 0.2 percent and leading euro zone stocks rose 0.1 percent. Amsterdam’s AEX climbed 0.4 […]

Arabs, Europe, U.N. reject Trump’s recognition of Jerusalem as Israeli capital

By Mark Heinrich LONDON, Dec 7 : Arabs and Muslims across the Middle East on Wednesday condemned the U.S. recognition of Jerusalem as Israel’s capital as an incendiary move in a volatile region and Palestinians said Washington was abandoning its leading role as a peace mediator. The European Union and United Nations also voiced alarm […]

Europe needs fresh push at overhauling banking sector – IMF

By Marc Jones LONDON, Nov 14 : The International Monetary Fund urged Europe to make a fresh push at strengthening its banking sector on Tuesday, calling for weak institutions to be closed, bigger financial safety buffers and a revival of cross-border M&A. In the text of a speech to a banking conference in London, the […]

Nearly half Europeans who don’t own home reckon they never will

By Jeremy Gaunt LONDON, Nov 7 : Nearly half of Europeans who do not own their own home have given up hope of ever doing so, a survey showed on Tuesday, with pessimism highest among Britons and Germans. Overall, the survey by Dutch bank ING found 48 percent of people in 13 European countries who […]