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Europe News Europe

  • SAN FRANCISCO, Feb 20- Snap Inc takes to the road in London on Monday to promote its initial public offering with a daring proposition: that it can build hot-selling hardware gadgets and ad-friendly software features fast enough to stay one step ahead of Facebook. These efforts, which are aimed at developing hardware and so-called augmented reality...

  • QUITO, Feb 20- Leftist government candidate Lenin Moreno was within striking distance of winning the first round of Ecuador's presidential election on Monday, as the Andean country's electoral body counted ballots late into the night. A couple of hundred opposition supporters congregated in front of the electoral council headquarters in Quito to demand...

  • QUITO, Feb 19- Leftist government candidate Lenin Moreno was winning Ecuador's presidential election on Sunday, partial results showed, and was close to the margin needed to avoid a runoff against conservative former banker Guillermo Lasso. In the event of a runoff, Ecuador's fragmented opposition is expected to coalesce around Lasso amid anger over an...

  • DETROIT, Feb 20- Traffic jams cost U.S. drivers an average of $1,200 a year in wasted fuel and time, and much more in Los Angeles, the city with the world's biggest rush hour traffic delays, according to a study by INRIX Inc released on Monday. While Thailand was the world's most congested country in 2016, according to the study, the United States had the worst traffic...

  • *Spot gold may break support at $1,233/ oz- technicals. Spot gold had edged down 0.1 percent to $1,234.28 per ounce by 0319 GMT, while U.S. gold futures fell 0.3. "We expect muted trading to start the week in Asia with a U.S. holiday today, although a break in gold of $1,231 may flush away some nervous long positions," said Jeffrey Halley, senior market analyst at OANDA.

  • QUITO, Feb 19- Leftist government candidate Lenin Moreno was winning Ecuador's presidential election on Sunday, partial results showed, though he was just short of the margin needed to avoid an April runoff against conservative former banker Guillermo Lasso. In the event of a runoff, Ecuador's fragmented opposition is expected to coalesce around Lasso amid...

  • KEEPING SCORE: Japan's benchmark Nikkei 225 index lost 0.1 percent to 19,207.30 and South Korea's Kospi dipped 0.1 percent to 2,078.08. Also due this week: a German business confidence index on Tuesday, U.S. new home sales on Friday and earnings from big companies such as British bank HSBC. ANALYST VIEW: "Asian markets look set for a soft start to the week with a lack...

  • Defense Secretary Jim Mattis distances himself from Trump's assessment of the media as "the enemy of the American people," saying during his first trip to the Middle East that he has no problems with the press. One month into Trump's presidency, his most senior Cabinet members were deployed to Brussels, Bonn and Munich to reassure nervous Europeans that...

  • QUITO, Feb 19- Leftist government candidate Lenin Moreno was winning Ecuador's presidential election on Sunday, first results showed, though he was just short of the margin needed to avoid a runoff against conservative ex-banker Guillermo Lasso. In the event of a runoff, Ecuador's fragmented opposition is expected to coalesce around Lasso amid anger over an...

  • LONDON, Feb 20- Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in the country once more even as it prepares to leave the European Union. Amazon, along with other tech giants such as Google and Apple, has increased its commitment to Britain in the last year, saying Britain's...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • STOCKHOLM- Swedish Central Bank Deputy Governor Cecilia Skingsley will talk on electronic payment forms of the future at a lunch meeting arranged by the Royal Swedish Academy of Engineering Sciences- 1100 GMT. BOISE, United States- Federal Reserve Bank of San Francisco President John Williams speaks on "Getting to Know the Fed" before Boise State University...

  • Trump's next pick for national security adviser will have autonomy over staffing and key decisions, the White House says as it scrambles to fill the post following the turbulent departure of Michael Flynn. Defense Secretary Jim Mattis distances himself from Trump's assessment of the media as "the enemy of the American people," saying during his first trip to...

  • If Moreno is forced into a second round, analysts expect Ecuador's fractured opposition to coalesce around Lasso amid an economic downturn and corruption scandals in OPEC's smallest member state. That would further bolster the right in South America, after Argentina, Brazil and Peru all shifted away from leftist rule in the past 18 months as a commodities...

  • NEW YORK— Kraft Heinz has withdrawn its $143 billion offer to buy Unilever, backing away after the mayonnaise, tea and seasonings maker rejected the bid as too low. The fact that it bid for all of Unilever and not just its food business indicates that Kraft Heinz is potentially open to acquiring other packaged consumer goods, one analyst said.

  • TBILISI, Georgia— Thousands of Georgians have rallied in the capital in support of the country's opposition-minded television station that they suspect is about to be transferred to a more government-friendly owner. Rustavi-2 is Georgia's most popular TV station and the Sunday demonstration on Tbilisi's main avenue attracted people from a wide...

  • If Moreno is forced into a second round, analysts expect Ecuador's fractured opposition to coalesce around Lasso amid an economic downturn and corruption scandals in OPEC's smallest member state. That would further bolster the right in South America, after Argentina, Brazil and Peru all shifted away from leftist rule in the past 18 months as a commodities...

  • FRANKFURT, Feb 19- PSA Group has pledged to the German government to continue operating all four of Opel's German production sites as part of the French carmaker's planned takeover of General Motors' European arm, German Sunday paper Bild am Sonntag reported. Government sources told Reuters that PSA had signaled it was open to German demands to preserve sites,...

  • *Ford's sales in Russia up 10 pct last year, beating rivals. *U.S. rival General Motors quit Russia in 2015. MOSCOW, Feb 19- Ford has become the first major foreign carmaker in Russia to see sales grow after three bad years, potentially vindicating its decision to double down on a notoriously volatile market when rivals decided to cut and run.

  • ROTTERDAM, Netherlands— For a small nation that has grown hugely wealthy thanks to centuries of doing business far and wide, the political mood in the Netherlands has turned surprisingly inward. As a March 15 parliamentary election looms in the Netherlands— one of the founding members of the European Union— popular lawmaker Geert Wilders is dominating polls...