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  • WRAPUP 1-Faster ECB money-printing excites investors Tuesday, 19 May 2015 | 8:37 AM ET

    *Signs that Greece is inching towards deal. FRANKFURT/ BRUSSELS, May 19- The European Central Bank will accelerate the pace of money printing to buy government bonds over the next two months, one of its top officials said, while voicing concern about recent swings on bond markets. "The Eurosystem is ready to go further if necessary...," Christian Noyer, who as governor of...

  • Airbus orders checks on A400M electronic systems Tuesday, 19 May 2015 | 8:06 AM ET

    The five national air forces flying the hulking gray aircraft must "perform one-time checks of the Electronic Control Units on each of the aircraft's engines before next flight," Airbus said. "Additional detailed checks" must be carried out if engines or ECUs are replaced in the future, Airbus said. A further five aircraft were due to be delivered to Germany this...

  • CANNES— The star-studded Calvin Klein Women in Film soiree could not have come at a more appropriate moment— at a Cannes Film Festival where the dearth of women directors has been a major theme. Emily Blunt looked ravishing in a figure-hugging cream sheath— and struck a cynical tone on the cinema landscape parity. French actress Melanie Laurent, who's been cast in...

  • *China shares gain sharply on hopes for Beijing reforms. LONDON, May 19- The euro tumbled on Tuesday and the region's stocks and bonds jumped after the European Central Bank suggested it may speed up its 1 trillion euro bond-buying campaign slightly to account for lower market liquidity in high summer. The euro was back at $1.12 for the first time in a week and the...

  • *Germany hosts G7 summit on June 7-8. BERLIN, May 19- Germany's clean energy drive earned it a reputation as a green leader but a domestic row over coal has highlighted the challenge of balancing economic and environmental demands and threatens its ability to lead by example. Angela Merkel, once dubbed the "climate chancellor," hopes to encourage the Group of Seven...

  • Charlie Hebdo suffers post-attack divisions, departure Tuesday, 19 May 2015 | 4:43 AM ET

    PARIS— French satirical weekly Charlie Hebdo is facing new problems, with a top cartoonist leaving because of the emotional burden after terrorists killed his colleagues, and divisions over how to use donations from around the world. Cartoonist Renald Luzier, who drew the newspaper's first cover after the Jan. 7 attack killed 12 people, said in an interview...

  • Merkel, Hollande commit to global climate protection Tuesday, 19 May 2015 | 3:16 AM ET

    BERLIN— German Chancellor Angela Merkel and French President Francois Hollande confirmed their commitment to fighting global warning Tuesday, gathering with others in Berlin to prepare for this year's U.N. Climate Change Conference. The preparatory talks in Berlin involve 35 countries. Under Merkel's lead, Germany began to phase out nuclear power after...

  • PARIS— France is trying to shake up a top-down system of teaching, end an elite bilingual program and give schools more say in how students spend their time, saying entrenched inequality in education threatens the country's future. The plan from the Socialist-led government came after an international study ranked France among the developed world's most...

  • Corn futures also rose at the Chicago Board of Trade, following gains in wheat and on fears that frost in North Dakota could harm emerging plants there. "We are probably trading headlines today- forecasts for heavy rains in Texas and Oklahoma," said Austin Damiani, analyst at Frontier Futures. Rains could arrive midweek in Texas and Oklahoma, possibly causing local...

  • IMF says energy subsidized by $5.3 trillion worldwide Monday, 18 May 2015 | 10:04 AM ET

    WASHINGTON, May 18- Governments around the world charge prices for energy that do not account for its harmful environmental, health and other side effects, amounting to a $5.3 trillion "post-tax" subsidy this year, the International Monetary Fund said in a report on Monday. The United States was the second-biggest offender, with an estimated $699 billion subsidy,...

  • BRUSSELS, May 18- David Cameron has promised to negotiate reform of the European Union before a referendum by 2017 on whether to leave the 28- nation bloc, which a fellow Conservative prime minister took Britain into in 1973.. EU leaders want to keep Britain in but will only discuss concrete changes once Cameron tells them what he wants. European Commission...

  • PARIS, May 18- A police investigator into the 2008 trading scandal at French bank Societe Generale has told a judge she became convinced managers knew about risky trades made by employee Jerome Kerviel, investigative website Mediapart reported, an assertion promptly denied by the bank. Mediapart said Nathalie Le Roy, who since the case quit her job as head of the...

  • CANNES, France— Jeff Koons is about to generate some major cash for AIDS charity amfAR: He's agreed to auction off his massive "Coloring Book" sculpture for the group's annual gala outside Cannes this week. The sculpture, which has been on display in London and in Beverly Hills, is made of mirror-polished stainless steel with transparent color coating.

  • HANGZHOU, China, May 18- When it comes to fighting fakes, Alibaba's head of internet security says cooperation beats the courtroom any day. Ni Liang, who runs the Hangzhou, China- based company's anti-counterfeiting operations, was speaking to Reuters days after Gucci, Yves Saint Laurent and other luxury brands owned by Paris- based Kering SA sued Alibaba in New...

  • LYNCHBURG, Va., May 16- Virginia's Sweet Briar College held what could turn out to be its final commencement on Saturday, as supporters battle to keep the 114- year-old institution from joining the ranks of all-women's schools that have shut down in recent years. In a decision that caught many by surprise, its board of directors announced in March that Sweet Briar...

  • NEW YORK, May 15- A group of luxury goods makers sued Alibaba Group Holding Ltd on Friday, contending the Chinese online shopping giant had knowingly made it possible for counterfeiters to sell their products throughout the world. The lawsuit alleged that Alibaba had conspired to manufacture, offer for sale and traffic in counterfeit products bearing their...

  • Proposal seeks to dim NYC skyline at night to save energy Saturday, 16 May 2015 | 11:33 AM ET

    Not so much, if a New York City council member gets his way. Seventy-one percent of New Yorkers like the idea, according to a Quinnipiac University poll released Thursday of 969 registered city voters. For Joyetta McCullen, who lives in Brooklyn, the lights are part of what makes her city special, even though she has often wondered why buildings keep all their lights...

  • NEW YORK, May 15- A group of luxury goods makers sued Alibaba Group Holding Ltd on Friday, contending the Chinese online shopping giant had knowingly made it possible for counterfeiters to sell their products throughout the world. The lawsuit alleged that Alibaba had conspired to manufacture, offer for sale and traffic in counterfeit products bearing their...

  • WINNIPEG, May 15- Canada, under fire for its environmental record, pledged on Friday to cut greenhouse gas emissions by 30 percent below 2005 levels by 2030 but gave few details of what Ottawa acknowledged was an ambitious plan. "We will continue to reduce Canada's emissions while protecting the economy," she told a news conference in Winnipeg.

  • Canada plans to cut emissions by 30 percent by 2030 Friday, 15 May 2015 | 12:26 PM ET

    TORONTO— Canada announced Friday it plans to reduce its greenhouse gas emissions by 30 percent below 2005 levels by 2030 amid international efforts to create a new framework for addressing climate change. Prime Minister Stephen Harper's Conservative government said it formally submitted its target to the United Nations Framework Convention on Climate...