GO
Loading...

Netherlands

More

  • BRUSSELS, Dec 22- Short, snappy and focused on two priorities- reviving sagging investment in Europe and standing firm towards Russia, the first European Union summit under new leadership was a demonstrative break with the past. Donald Tusk, the former Polish prime minister who took over the chairmanship of the 28- nation European Council this month, put his...

  • OSLO, Dec 22- Greenhouse gas emissions by the world's top 500 companies rose 3.1 percent from 2010 to 2013, far off the cuts urged by the United Nations to limit global warming, a study showed on Monday. The top 500 firms by capitalisation accounted for 13.8 percent of world greenhouse gas emissions and 28 percent of gross domestic product in 2013, according to the...

  • French power company to pay $772M in bribery case Monday, 22 Dec 2014 | 11:06 AM ET

    Federal prosecutors said Alstom SA falsified its books and paid tens of millions of dollars in bribes for help in obtaining more than $4 billion in projects in countries including Indonesia, Saudi Arabia, Egypt and the Bahamas. "Alstom's corruption scheme was sustained over more than a decade and across several continents," Deputy Attorney James Cole said at a...

  • LONDON/ PARIS, Dec 22- Britain's Serious Fraud Office has charged a British subsidiary of French energy equipment firm Alstom with bribing officials to secure a power contract, making it the second Alstom unit to face UK charges this year. Monday's charges are the latest in a series of international bribery investigations into Alstom, which has suffered a drop...

  • *Regulators want to set capital "floor" for industry. *Proposals will reduce reliance on external credit ratings. LONDON, Dec 22- Global regulators have outlined measures to ensure capital held by banks does not fall below a certain level and to adopt a more consistent approach across the industry to measuring risk.

  • Russia near full-fledged crisis: Ex-finance minister Monday, 22 Dec 2014 | 8:20 AM ET

    Russia faces a “full-blown economic crisis” next year that will trigger defaults, a respected ex-finance minister has warned. The FT reports.

  • EU inspection critical of Frankfurt airport security Monday, 22 Dec 2014 | 7:01 AM ET

    BERLIN— The German government says a European Union inspection found security shortcomings at Frankfurt airport, the country's busiest, and that measures have been taken to address them. Interior Ministry spokesman Johannes Dimroth said Monday that the routine inspection took place in early November and found "significant shortcomings."

  • Airbus delivers first A350 jet, at long last Monday, 22 Dec 2014 | 5:55 AM ET

    PARIS— Airbus has at last delivered its first A350 jet, handing over the wide-body plane to Qatar Airways after years of delays and a multibillion-dollar redesign. The European planemaker hopes the A350 XWB will help it catch up in a long-haul market dominated by rival Boeing's 777 and 787. Airbus revamped the original A350 design to make it more...

  • Spain hands out $3B in planet's biggest lottery Monday, 22 Dec 2014 | 4:21 AM ET

    MADRID— Spaniards and Latin American immigrants who bought lottery tickets in an upper middle class Madrid neighborhood hit the jackpot on Monday, cracking open bottles of champagne on the streets as they celebrated winning 400,000- euro payoffs from a 2.5 billion-euro pot of cash divided among thousands of ticketholders. Restaurant employee Joana...

  • DUBAI, Dec 22- Saudi Arabia is prepared to increase its oil output and claim a bigger market share to meet the demands of any new customers, Monday's edition of the Saudi-owned al-Hayat newspaper quoted the kingdom's oil minister as saying. The remark was one of the strongest signals yet that the world's top oil exporter has no intention of cutting output in the...

  • NKorean cinema: Kidnappings and evil Americans Monday, 22 Dec 2014 | 1:31 AM ET

    SEOUL, South Korea— North Korea hates the currently scrapped Hollywood film that revolves around the assassination of its beloved leader, but the country has had a long love affair with cinema— of its own particular styling. In the six decades since North Korea began to cultivate its own film industry, a South Korean director and his movie star wife have been...

  • ABU DHABI, Dec 21- Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non- OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter plans to ride out the market's biggest slump in years. "If they want to cut production they are welcome: We are not going to cut, certainly Saudi Arabia is not going to cut."

  • *Forty pct of Israelis can't make ends meet- official data. JERUSALEM, Dec 21- Israel's high cost of living is set to dominate a March 17 election that could shake up Prime Minister Benjamin Netanyahu's coalition, with voter anger symbolized by an overpriced dessert. We have a moment to change the direction Israel goes, "said Naor Narkis, a 25- year-old former...

  • At a meeting in November, OPEC kept its target output of 30 million barrels per day unchanged, leaving the market to balance itself without the group's intervention. That stance was seen as a shift from a longstanding policy in which OPEC powerhouse Saudi Arabia acts as a swing supplier. Speaking in Abu Dhabi, the capital of the United Arab Emirates, he said: "The talk...

  • AP Interview: Coelho says Sony hack threatens all Saturday, 20 Dec 2014 | 12:35 AM ET

    GENEVA— Brazilian author Paulo Coelho says the Sony hack threatens us all if society doesn't enforce important values: our individual and collective freedom of expression and an unwavering refusal to negotiate with anonymous terrorists. The best-selling author said in an interview Friday with The Associated Press that he was prepared to make himself an...

  • Risk modelers look to clarify cyber risk costs Friday, 19 Dec 2014 | 4:58 PM ET

    NEW YORK, Dec 19- Even as the Sony Corp cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. While high-profile attacks at retailers such as Target Corp and Home Depot Inc this year have spooked consumers, the devastating...

  • AP Interview: Coelho says Sony hack threatens all Friday, 19 Dec 2014 | 3:56 PM ET

    GENEVA— Brazilian author Paulo Coelho says the Sony hack threatens us all if society doesn't enforce important values: our individual and collective freedom of expression and an unwavering refusal to negotiate with anonymous terrorists. The best-selling author said in an interview Friday with The Associated Press that he was prepared to make himself an...

  • German Amazon strikes to last until Christmas Eve Friday, 19 Dec 2014 | 3:22 PM ET

    BERLIN— A German labor union says striking workers at four Amazon.com distribution centers in Germany will remain off the job until Christmas Eve. Companies in Germany normally shut down for the holiday at that time and reopen on Dec. 27, or the next working day. The walkouts at four of Amazon's distribution centers in Germany are part of an effort by workers to...

  • Cuba debt, often inert, moves on political winds Friday, 19 Dec 2014 | 2:14 PM ET

    NEW YORK, Dec 19- The historic breakthrough in U.S.- Cuba relations closes a Cold War chapter but leaves unresolved issues that investors need to pick through carefully, with Cuba's opaque economics and financial health poorly understood in world markets. Cuba has effectively been shut out of global financial markets for decades. said Thomas Herzfeld, a Miami...

  • Global oil impact: Who's hurting, happy, hopeful Friday, 19 Dec 2014 | 1:12 PM ET

    Russia's currency has nose-dived, for instance, and investors worry Venezuela could default on its debt. The world's four biggest economies— U.S., China, Japan and that of the European Union— all benefit from lower oil prices. "Economically this is a good thing for the U.S., it's a good thing for Europe, it's a good thing for China and it's a good thing for most consumers,"...