Russia to build anti-NATO missile shield

Sunday, 05 February 2012 19:53
ussia will build a reliable aerospace defence system to effectively counter NATO missile threats, Deputy Prime Minister Dmitry Rogozin said Sunday. Rogozin, appointed recently to oversee Russia’s defence industry, tweeted that the global security conference being held in the German…

25 EU members to join fiscal treaty

Tuesday, 31 January 2012 14:28
All but two of the 27 European Union (EU) member states are to sign a new fiscal treaty designed to enshrine tighter deficit and debt discipline, European Council President Herman Van Rompuy has said. Britain and the Czech Republic are…

EU leaders agree on new fiscal agreement

Tuesday, 31 January 2012 14:17
A total of 25 European Union member states would join and sign a new fiscal treaty designed to enshrine tighter deficit and debt discipline, European Council President Herman Van Rompuy said here Monday in a twitter post. Britain and the…

Financial crisis subsides: Sarkozy

Monday, 30 January 2012 21:07
French President Nicolas Sarkozy said Sunday that the spiralling financial crisis had subsided as efforts to restore stability in the Eurozone had borne fruit. “Today, with caution, I think we can say that the elements of financial stability in the…

Italy cruise ship survivors to get compensation

Friday, 27 January 2012 21:07
Passengers on the wrecked Italian cruise ship Costa Concordia will receive a compensation lump sum of 11,000 euros (around $14,000) each, the Italian Association of Tour Operators said in a statement Friday. The vessel struck rocks and rolled onto its…

EU bans Iranian oil imports

Tuesday, 24 January 2012 01:46
The European Union Monday imposed an oil embargo on Iran over its nuclear programme. The sanctions involve an immediate ban on all new oil contracts with Iran and a freeze on the assets of Iran’s central bank within the EU,…

Capsized Italian cruise ship owner faces class-action lawsuit in US

Saturday, 21 January 2012 16:34
Carnival Cruises, the company operating the luxury cruise ship Costa Concordia that ran aground off Italian coast, is facing a class-action lawsuit in the United States. Italy''s consumer association Codacons and two US law firms have said that they would…

Time running out for Iran: France

Saturday, 21 January 2012 08:28
French President Nicolas Sarkozy has urged “more decisive” sanctions against Iran over its nuclear programme but warned that time was running out to avoid military intervention. In his annual speech Friday on French diplomacy in Paris, Sarkozy said more decisive…

Nobel laureate warns European economic crisis may deepen

Thursday, 19 January 2012 17:14
Lisbon, Jan 19: The 2001 Economy Nobel Prize winner Joseph Stieglitz warned Wednesday that the European governments’ economic policies are likely to deepen the crisis instead of solving it. “The European Central Bank focus is on inflation and not on…

Births continue to decline in Spain

Thursday, 19 January 2012 10:25
The 230,537 births recorded in Spain in the first half of 2011 represents a decline of 1.1 percent from the same period of the previous year and continues a trend that began in 2009, the National Statistics Institute, or INE,…