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  • *Greece says can overcome immediate funding crunch. MADRID/ ATHENS, March 2- Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no such talks. Speaking at an event in Pamplona, northern Spain, Economy Minister Luis de Guindos said the new rescue...

  • MADRID— Eurozone nations are negotiating a third bailout worth as much as 50 billion euros for Greece, Spain's economy minister said Monday. Its "central scenario for Greece is a deal on the basis of the current bailout, and new conditions to be set with flexibility." "Greece will not leave the eurozone," the minister said, according to comments distributed to media...

  • BRUSSELS— The European Union is giving member states the power to ban the cultivation of genetically-modified crops even if they have been approved by the bloc's food safety authority. Mute Schimpf of Friends of the Earth Europe says the new law "is a massive opportunity for national governments to shut the door on biotech crops in Europe."

  • BRUSSELS— The European Union has approved new rules that clamps down on the use of flimsy plastic bags that are hazardous for the environment. The 28 member nations on Monday gave final approval to the rules that mean consumers may be obliged to use sturdier, re-usable bags or face extra charges. Member states are required to reduce the use of such plastic bags by...

  • BRUSSELS— Russia and Ukraine's energy ministers are holding emergency talks after the Russian gas supplier said it would cut off deliveries to the war-torn country as soon as Tuesday if it does not get new payments. The European Union, which is mediating the talks in Brussels hoping to keep gas flowing despite the dispute, imports around 40 percent of its gas...

  • ROME— The leader of Italy's Northern League brought his anti- Europe, anti-immigrant agenda to Rome Saturday, filling a vast square in the capital with thousands of his supporters and positioning his regional movement for a bid to become a national right-wing force. Salvini's railing against the European Union prompts comparisons to French National Front...

  • ATHENS, Feb 27- Greek Prime Minister Alexis Tsipras denied on Friday that his country would have to seek a third international bailout when a four month extension to its current programme expires. Tsipras also said the government had requested a reduction in the country's debt, even though EU/IMF creditors insist Greece must meet its obligations in full.

  • EU and Cuba to restart talks after cultural dispute Friday, 27 Feb 2015 | 1:26 PM ET

    BRUSSELS, Feb 27- Cuba and the European Union will hold a third round of talks in Havana next week aimed at increasing trade, investment and political dialogue after overcoming a dispute that delayed the negotiations, an EU official said on Friday. EU officials suspect that Havana may not have felt ready for a third round last year because they were due to discuss...

  • ATHENS, Feb 27- Greece used "creative ambiguity" to win a loan lifeline from its international partners, Finance Minister Yanis Varoufakis said, provoking anger in Germany's parliament which approved the deal on Friday. Varoufakis, a hero of the anti-austerity left who has raised hackles among his more orthodox euro zone peers, said Greece had drawn up an...

  • *Vodafone, alternative ops warn on "re-monopolisation". Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector. Deutsche Telekom Chief Executive Tim Hoettges attributed the rebirth...

  • *Vodafone, alternative ops warn on "re-monopolisation". Germany's Deutsche Telekom and Spain's Telefonica have predicted that revenues will grow this year, while France's Orange and Norway's Telenor have promised higher future dividends, a major motivation for investors in the sector. Deutsche Telekom Chief Executive Tim Hoettges attributed the rebirth...

  • KIEV/ KRASNOYARSK, Russia, Feb 27- Ukraine has sent a small prepayment of $15 million to Russia for March natural gas deliveries, energy officials from the two sides said on Friday, after Moscow threatened to cut off supply. In their latest dispute, Ukraine and Russia have argued over who should pay for Russian gas sent to two rebel-held areas of eastern Ukraine...

  • BRUSSELS— The European Union, Japan and other nations hunting for the eastern Atlantic Bluefin tuna are fearful that Turkey's unilateral decision to exceed catch limits agreed last year is threatening the stock recovery and the organization regulating its conservation. Documents seen by The Associated Press and EU comments on Friday show that during an...

  • MOSCOW— Cash-strapped Ukraine sought to buy time in its effort to ensure continued gas supplies from Russia, making a $15 million payment Friday to Moscow as it waits for international rescue loans to arrive. That increases the pressure on Ukraine to strike a deal at a meeting Monday with Russian officials in Brussels— a showdown that comes amid rising fears in...

  • *Statoil shuts Statfjord C platform in North Sea. SINGAPORE, Feb 27- Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in the North Sea and renewed fears of gas supply disruption in Europe supported prices. Norwegian energy firm Statoil has shut its Statfjord C platform in the North Sea after...

  • Brent approaches $61, set to end 7-month losing streak Thursday, 26 Feb 2015 | 9:24 PM ET

    *Statoil shuts Statfjord C platform in North Sea. SINGAPORE, Feb 27- Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices. Norwegian energy firm Statoil has shut its Statfjord C platform in the North Sea after...

  • DIARY-Top Economic Events to March 12 Thursday, 26 Feb 2015 | 7:01 PM ET

    NEW YORK- Federal Reserve Bank of Cleveland President Loretta Mester, Federal Reserve Bank of New York President William Dudley, Federal Reserve Vice Chair Stanley Fischer, former Federal Reserve chair Ben Bernanke and Bank of Japan Deputy Governor Hiroshi Nakaso participate in the U.S. Monetary Policy Forum 2015 Annual Conference sponsored by the...

  • *Germany's DAX share index sets new record high. *Royal Bank of Scotland falls after reporting losses. Germany's DAX set a new life-time high, the pan-European FTSEurofirst 300 and the broader STOXX 600 share indexes climbed to their highest level in more than seven years, and France's CAC touched its highest level since mid-2008.

  • After months in which Kiev has been faithfully paying for gas and Moscow reliably supplying it under a deal brokered by the European Union, this week has seen the quarrel erupt anew. Russia, which has cut off the gas three times in the past decade, including for six months last year, has once again threatened to switch off supplies unless Ukraine sends more money...

  • European stocks set new multi-year highs, InBev helps Thursday, 26 Feb 2015 | 10:26 AM ET

    *Royal Bank of Scotland fall after reporting losses. LONDON, Feb 26- Major European share indexes climbed to new multi-year highs on Thursday, with the world's largest brewer Anheuser-Busch InBev leading the food and beverages sector higher after announcing a sharply higher dividend and a share buyback plan. Belgium- based InBev rose 3.2 percent after...