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  • FRANKFURT, April 28- The head of Germany's Bundesbank criticised Greece's government on Tuesday for failing to implement reforms and said it was possible for a country within the currency union to become insolvent. "Member states must take responsibility for the consequences of their political decisions," Jens Weidmann, also a member of the European Central...

  • *Eurogroup chief says Greece needs loans, no time for referendum. But the head of euro zone finance ministers said Greece needed loans urgently and did not have time for such a vote, which would be a costly and destabilising distraction. Athens is weeks away from running out of cash, and talks with EU and IMF lenders on more aid have been deadlocked over their demands...

  • BERLIN— Lawyers representing dozens of families who lost loved ones when a German passenger plane crashed in the Alps last month said Tuesday they may sue the airline in the U.S. to get more compensation. Prosecutors say the co-pilot deliberately slammed Germanwings Flight 9525 into a mountainside in southern France on March 24, killing everyone on board.

  • BERLIN, April 28- Talks between the European Union and United States on a transatlantic trade accord will stretch into 2016, the EU's chief negotiator said on Tuesday, adding that the discussions were about to enter a "more difficult" and "intense" stage. This year is seen as crucial in making progress on the Transatlantic Trade and Investment Partnership, with the...

  • BRUSSELS, April 28- All cars and light vans in Europe will have to be fitted with automatic emergency calling devices from April 2018 under new rules approved by European Union lawmakers on Tuesday, which could cut road deaths by 10 percent a year. Members of the European Parliament in Strasbourg approved the law on Tuesday, meaning car manufacturers such as...

  • STRASBOURG, France, April 28- The French government sees no reason to allow Nissan to reactivate the voting rights on its 15 percent stake in Renault, Economy Minister Emmanuel Macron said on Tuesday. Renault currently owns 43.4 percent of Nissan, which it rescued from near-bankruptcy in 1999. Because it is deemed to be under Renault control, Nissan cannot vote...

  • BERLIN— A new study shows U.S. President Barack Obama is still by far the most followed world leader on Twitter, but Pope Francis is considered the most influential by the number of his messages retweeted. Indian Prime Minister Narendra Modi had nearly 11 million followers, Turkish President Recep Tayyip Erdogan had more than 6 million, and the White House had...

  • BRUSSELS, April 28- All cars and light vans in Europe will have to be fitted with automatic emergency calling devices from April 2018 under new rules approved by European Union lawmakers on Tuesday, which could cut road deaths by 10 percent a year. Members of the European Parliament in Strasbourg approved the law on Tuesday, meaning car manufacturers such as...

  • The approach will draw increasingly on lessons learnt from outside the aerospace industry and comes as the focus of the intense rivalry between Boeing and Airbus shifts towards production strategies after a record boom in orders. "I think the 777 X will be our first opportunity to show the ideas that we have to date," said Walter Odisho, Boeing's vice president of...

  • BRUSSELS— All new vehicles in the European Union will have to be fitted as of 2018 with a system that automatically calls the emergency services in case of an accident. EU lawmakers on Tuesday decided to make the eCall system mandatory for all new cars and light-duty vehicles sold in the 28- nation bloc. Sensors in the car automatically transmit its location, the...

  • Swiss money laundering reports hit record high in 2014 Tuesday, 28 Apr 2015 | 8:17 AM ET

    ZURICH, April 28- Switzerland's money laundering office received a record number of suspicious activity reports last year, in part due to increased vigilance from Swiss banks. The Alpine nation has faced intense international pressure over bank secrecy, tax evasion and money laundering, most recently highlighted by allegations that the Swiss arm of HSBC had...

  • BRUSSELS— The European Parliament has approved rules to clamp down on the use of flimsy plastic bags that are hazardous for the environment, removing the last major hurdle to pass the legislation. In future, consumers will have to use sturdier, re-usable bags or pay extra if they want to use the polluting versions that are often handed out at supermarket counters...

  • *Banker says investors still link Cyprus to Greece. LONDON, April 28- Bailed-out Cyprus sold one billion euros in seven-year bonds on Tuesday, highlighting its economic recovery and the gulf with Greece, whose future in the euro zone is in doubt. By contrast yields on debt issued by Greece, the country which effectively forced Cyprus to seek an international...

  • BERLIN— Google says it will give European publishers 150 million euros to help them adapt to the challenge of selling news online. The Internet giant has had a rocky relationship with the European publishing industry, which accuses Google of profiting from its content without sharing the revenue. Last year, Google blocked Spanish publishers' reports from more...

  • MUNICH, April 28- Deutsche Bank's co-chief executive Juergen Fitschen went on trial on Tuesday, accused of giving misleading evidence in connection with the collapse in 2002 of the Kirch media empire in a case that could prove a major distraction at a time when the bank is undergoing a strategic overhaul. Prosecutor Christiane Serini said Fitschen and his four...

  • FOREX-Dollar slumps to 3-week low as traders await Fed Tuesday, 28 Apr 2015 | 7:45 AM ET

    LONDON, April 28- The dollar hit a three-week low on Tuesday as investors eyed a U.S. U.S. housing index data and consumer confidence numbers, due at 1300 GMT and 1400 GMT respectively, should provide the greenback with some near-term direction, analysts said, though the main focus will be on the Fed's statement at the end of its policy meeting on Wednesday.

  • BRUSSELS— Hopes for a deal on Greece's bailout rose on Tuesday after the prime minister said he expected an agreement could be reached within two weeks and the European Union reported a pick-up in the negotiations. The European Union said Tuesday that Greece's talks with its creditors were "being made more productive and efficient" as the country faces a...

  • *Greece needs lending to avert default. Athens is weeks away from running out of cash, and talks with EU and IMF lenders on more aid have been deadlocked over their demands for Greece to implement reform measures, including pension cuts and labour market liberalisation. Yet around half of investors expect Greece to leave the euro zone within the next 12 months, a...

  • FRANKFURT, April 28- German truckmaker MAN SE swung to a first-quarter net loss, hit by a plunge in demand in Brazil, and said it expected market conditions there to remain tough until at least mid-year. The Volkswagen-owned company said on Tuesday truck deliveries in Brazil slumped 51 percent in the quarter as the local economy weakening, while orders tumbled 49...

  • Yandex posts 1Q profit Tuesday, 28 Apr 2015 | 6:39 AM ET

    THE HAGUE, Netherlands _ Yandex NV on Tuesday reported first-quarter profit of $36.4 million. The The Hague, Netherlands- based company said it had profit of 11 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.