Fearful of Russia, Europe’s defence cuts slow -NATO data

By Robin Emmott BRUSSELS, Jan 28 : NATO defence cuts slowed sharply in 2015, alliance data showed today, also revealing a split between big-spending eastern European nations fearful of Russia and others such as Italy that are still reducing their budgets. Russia’s 2014 annexation of Crimea, failing states on NATO’s borders, and the spread of […]

Iran’s Rouhani in France to revive business ties after nuclear deal

By John Irish and Bate Felix PARIS, Jan 27 : Iranian President Hassan Rouhani told French business leaders today that Iran was open for investment as he started a visit in France to revive business ties despite diplomatic differences. On Rouhani’s first trip abroad since Iran’s sanctions-ending nuclear accord with world powers took effect, Italy […]

European shares pushed down as weak earnings weigh on markets

By Sudip Kar-Gupta LONDON, Jan 27 : European shares fell on Wednesday, hit by a drop in Swiss drugmaker Novartis and German chemicals company BASF after their weak earnings updates. Royal Bank of Scotland also dropped after the bank warned its profits would be hit by a pension charge and U.S. litigation provisions. A forecast […]

European shares recover as crude oil prices bounce back

By Danilo Masoni MILAN, Jan 26 : European shares steadied by midday on Tuesday, recovering after sharp losses earlier in the session, as crude oil prices bounced back above $30 on hopes of deal to tackle a global supply glut. The STOXX Europe 600 Oil and Gas index was up more than 1 percent after […]

Deals and warms words flow as Iranian president visits Europe

By Antonella Cinelli and Crispian Balmer ROME Jan 25 : Italy and Iran signed billions of dollars of business deals at the start of a visit to Europe by Iranian President Hassan Rouhani aimed at rebuilding his nation’s ties with the West after years of economic sanctions. Heading a 120-strong delegation of business leaders and […]

“Running out of time”, EU puts Greece, Schengen on notice

By Gabriela Baczynska and Alastair Macdonald AMSTERDAM, Jan 25 : The European Union edged closer today to accepting that its Schengen open-borders area may be suspended for up to two years if it fails in the next few weeks to curb the influx of migrants from the Middle East and Africa. Shorter-term dispensations for border […]