Eastern Europe
featured
George Osborne's attempt to slash £11.5bn off public spending in election year has run into cabinet trouble, after ministers identified only £2.5bn in cuts to their budgets.
» Read More
More
-
NEW YORK, May 23- We are living in the age of the technocrats. From Washington to Frankfurt to Rome, technocrats have stepped in where politicians feared to tread, rescuing economies, or at least propping them up, in the process.
-
WARSAW, Poland-- A 33- year-old Polish man received a face transplant just three weeks after being disfigured in a workplace accident, in what his doctors said Wednesday is the fastest time frame to date for such an operation. It was Poland's first face transplant.
-
MOSCOW-- Russia's deputy prime minister said Thursday that Rosneft's CEO has assured him the interests of disgruntled minority shareholders in oil firm TNK-BP would be respected. TNK-BP, Russia's third-largest oil company, was taken over by Rosneft last year.
-
*Repsol open to an out-of-court YPF compensation package. MADRID/ BUENOS AIRES, May 23- A year after Argentina seized the local business of Spanish oil firm Repsol, there seems little prospect of a quick deal on compensation despite signs that both sides would rather avoid a costly, drawn-out legal battle.
-
SOFIA, May 23- Bulgaria's largest party GERB declined on Thursday to try to form a new government, opening the way for the rival Socialists to put together a technocrat administration and end a political impasse.
-
SOFIA, May 23- Bulgaria's largest party GERB declined on Thursday to try to form a new government, opening the way for the rival Socialists to put together a technocrat administration and end a political impasse.
-
SOFIA, May 23- Bulgaria's largest party GERB declined on Thursday to try to form a new government, opening the way for the rival Socialists to put together a technocrat administration and end a political impasse.
-
HONG KONG, May 23- Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades.
-
HONG KONG, May 23- Hong Kong shares could start weaker on Thursday, tracking Wall Street losses and ahead of the HSBC China flash purchasing managers' index for May that could offer fresh clues on the world's second-largest economy. Elsewhere in Asia, Japan's Nikkei was up 1.6 percent, while South Korea's KOSPI was down 0.7 percent at 0050 GMT.
-
*Trade secret theft costs $300 billion, 2.1 million jobs. WASHINGTON, May 22- Theft of trade secrets, chiefly by China, costs the U.S. economy $300 billion a year and must be fought with sanctions as tough as those used against terrorism and drug trafficking, an advisory panel said on Wednesday.
-
HONG KONG, May 23- Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades.
-
GENEVA, May 22- Russia, long touted as an engine of growth for the stuttering global business aviation industry, needs radical changes in its taxation and regulatory system if it is to fulfil that promise, a U.S. expert said on Wednesday.
-
May 22- Cybersecurity researcher HD Moore discovered he could use the Internet to access the controls of some 30 pipeline sensors around the country that were not password protected. U.S. national security experts used to take comfort in the belief that "rational" super powers like China or Russia were their main adversaries in cyber space.
-
WINNIPEG, Manitoba, May 22- Russia's Uralkali OAO would delay two of its potash mine expansion projects for as long as a decade if rival BHP Billiton gave final approval to building the world's biggest mine of the crop nutrient, Uralkali's chief executive said in an interview.
-
*Turkmenistan, EU tout routes to ease dependence on Russia. PARIS/ ASHGABAT, May 22- Turkmenistan plans to begin production at Galkynysh, the world's second-largest gas field, by June 30, which will allow it boost exports to Asia and help Europe lessen its dependence on Russian gas.
-
WINNIPEG, Manitoba, May 22- Russia's Uralkali OAO would delay two of its potash mine expansion projects for as long as a decade if rival BHP Billiton gave final approval to building the world's biggest mine of the crop nutrient, Uralkali's chief executive said in an interview.
-
*Several dealers doubt China will raise import duty. LONDON/ BEIJING, May 22- A slide in sugar prices driven by excess supplies may be given fresh impetus soon with China, one of the world's top importers, likely to cut back on purchases after a sharp jump in stocks. "If China were to continue to buy large tonnages of sugar, that would be a bullish signal.
-
*Israel hopes gas finds will strengthen diplomatic hand. TEL AVIV, May 22- Israel's newfound natural gas reserves will boost its regional clout and could help it improve ties with neighbouring states in need of new energy sources, Energy Minister Silvan Shalom said.
-
SEOUL/ BEIJING- North Korea sent one of its top military officials as a "special envoy" from its leader Kim Jong- un to Beijing on Wednesday, accompanied by a high-powered delegation in what appeared to be a bid to mend frayed relations with its most important ally.
-
While Europe has shale plans of its own, there is as yet no unified EU policy. The reserves will be far harder to extract than in the United States and the final cost to consumers is likely to be substantially higher so Europe will not be able to free itself of dependence on gas imports from Russia any time soon.