Brussels tells Poland, Hungary to take in migrants or face legal action

By Gabriela Baczynska BRUSSELS, Apr 12 : The European Union’s executive stepped up pressure on Poland and Hungary today to take in asylum seekers under the bloc’s migration plan or risk legal action if their reluctant governments refuse. Warsaw and Budapest have stonewalled the scheme to move 160,000 people from Italy and Greece – the […]

US investors return to European equities gathers pace: UBS

By Kit Rees LONDON, Apr 12 : US investors, drawn by a brightening European earnings outlook and relatively cheaper valuations than at home, are pumping more funds into regional stocks, according to data from UBS. Flows data from UBS showed that US net buying of European equity exchange-traded funds (ETFs) in March was the highest […]

European shares under pressure as autos, banks fall; oil stocks recover

By Kit Rees LONDON, Apr 4 : The muted start to the second quarter continued on Tuesday as European shares struggled for direction in choppy trade on Tuesday, weighed by weakness in the autos sector though gains in oil-related stocks and miners provided some support. The pan-European STOXX 600 index was flat in percentage terms […]

Some 146 migrants feared dead after shipwreck, sole survivor says

By Steve Scherer ROME, Mar 29 : A rubber boat packed with 147 migrants sank in the Mediterranean and all but one of its passengers drowned, the sole survivor – a 16-year-old Gambian boy – told rescuers, the International Migration Organization (IOM) said today. A Spanish frigate, the Canarias, found the boy hanging onto a […]

European shares recover, boosted by results and deal-making

By Helen Reid LONDON, Mar 28 : European shares rose on Tuesday, boosted by strong results and deal-making across the region, recovering from the previous session’s sentiment-fuelled dip. The pan-European STOXX 600 index was up 0.3 percent, with deals in focus as rumours of stake sales moved individual stocks, while criticism of the Tesco takeover […]

Belgium struggles to open police to Muslim minority

By Alissa de Carbonnel BRUSSELS, Mar 21 : Tarek Chatt says he is one of only two Brussels policemen of Moroccan descent who grew up and is working in the same streets as the Islamist militants who attacked Paris and Brussels. Police and security experts say increasing police diversity in communities like the largely Muslim […]