Over the past few weeks, dairy farmers in Europe have demonstrated against the falling price of milk, which is impacting their incomes.» Read More
*NATO seeks ways to make scarce funds go further. *NATO chief calls for rises in defence spending post-austerity. BRUSSELS, Oct 9- NATO ministers wrestled on Tuesday with how to prevent austerity-driven defence cuts in many member countries from undermining the power of the 63- year-old Western alliance.
By John O'Donnell and Edward Taylor. LUXEMBOURG/ FRANKFURT, Oct 9- European Union ministers examined a proposal on Tuesday to limit planned new powers for the European Central Bank to supervise lenders, in a bid to allay the concerns of countries outside the euro zone over a new banking union.
Reckitt Benckiser admitted that it had failed to disclose that its chief executive had pledged more than 7 million pounds of shares as collateral for a personal loan more than two years ago.
BRUSSELS, Oct 8- LUXEMBOURG, Oct 8- Euro zone finance ministers met in Luxembourg on Monday to discuss Greece, Spain, Portugal and other issues related to the region's debt crisis.
BRUSSELS, Oct 8- The euro zone economy will shrink more than expected this year and barely grow in 2013 because of an escalation of the sovereign debt crisis, which will remain the main risk to growth, the International Monetary Fund said on Monday.
BRUSSELS, Oct 8- Euro zone finance ministers signed off on a further tranche of financial aid to Portugal on Monday and said the country was working hard to put in place the budget cuts and structural economic adjustments demanded of it.
BRUSSELS, Oct 8- The European Commission wants to revive the European Union's declining manufacturing sector by asking countries to invest heavily in new technologies such as 3 D printing, says a leaked paper seen by Reuters.
NEW YORK-- British television productions received a leading seven International Emmy nominations Monday, including best actor and actress nods for Jason Isaacs in "Case Histories" and newcomer Joanna Vanderham in "The Runaway."
*Germany, others say Spain does not need financial help. LUXEMBOURG, Oct 8- Euro zone finance ministers launched their permanent 500 billion euro bailout fund on Monday but said Spain, the country widely expected to be first to draw on it, was taking steps to overhaul its economy and did not need a bailout for now. "Spain needs no aid programme.
By Pascale Denis and Astrid Wendlandt. PARIS, Oct 8- French group PPR plans to sell its declining Fnac music and book retailer, a source familiar with the matter said, to focus on its more profitable luxury and sports brands such as Gucci and Puma.
The European Commission, which oversees EU competition policy, has expressed concerns that the planned 1.3 billion euro deal would eliminate one of Austria's four main telecoms providers.
LONDON-- He's taken heat for talking about moving from France to Belgium to avoid high taxes _ and now he's raising eyebrows with an honor from the British Queen. Bernard Arnault, the luxury goods chief who is France's wealthiest man, is set to receive an honorary knighthood in Britain.
BRUSSELS, Oct 8- The EU's antitrust chief said on Monday he hoped that Hutchison 3 G would propose sufficient concessions to ease regulatory concerns and allow clearance of its bid for France Telecom's Orange Austria.
*Germany, others say Spain does not need financial help. LUXEMBOURG, Oct 8- Euro zone finance ministers delivered a united defence of Spain on Monday, saying the country was taking steps to overhaul its economy, funding itself successfully in the financial markets and did not need a bailout, at least for now.
FRANKFURT, Oct 8- European weather over the next few months should be near normal for autumn, with no major wet and windy spells, German meteorologist Georg Mueller said on Monday.
*Britain to adopt similar moves sooner. BRUSSELS, Oct 8- The European Commission may draw up rules for rescuing and closing down failing clearing houses and insurers, as regulators across the world seek to prevent collapsed businesses from wreaking havoc in financial markets.
BRUSSELS, Oct 8- The European Union accused the United States of breaching confidentiality surrounding the filing of economically sensitive documents on the funding of the Airbus A350 in the latest twist to a long-running aircraft subsidy dispute.
By Pascale Denis and Astrid Wendlandt. PARIS, Oct 8- France's PPR plans to sell its declining Fnac music and book retailer, a source familiar with the matter said, to focus on its more profitable luxury and sports brands such as Gucci and Puma.
BRUSSELS, Oct 8- Spain does not need euro zone financial help because its problems stem from the banking sector and the country is already getting a loan to recapitalise its financial sector, German Finance Minister Wolfgang Schaeuble said.
But the speech in many ways was also as much about style as it was about substance, and the 61- year-old Morsi, the first freely elected president in Egypt's history, used his address to project the image of an energetic leader in touch with the needs of the people.