02142016Sun
Last update: Sun, 14 Feb 2016 01pm

World - Europe

Slovak PM says EU will either control migration this year or collapse BRATISLAVA: The European Union will either manage to get migration under control this year or it will collapse, Prime Minister Robert Fico wrote in an article published on Tuesday. Leftist Fico has long held a tough anti-immigration stance and made tackling the flow of refugees the main platform of his campaign for Slovakia's March 5 parliamentary election. "To overlook growing tension, nervousness and fear among people of the fact that EU does not have a real solution to the migration crisis while the migration wave continues could have catastrophic consequences," Fico wrote in business daily Hospodarske Noviny. "Whether someone likes it or not, 2016 will be the year when the EU will either get the migration crisis under control or collapse." Fico has argued for beefing up EU border protection, and his government filed a lawsuit against a European Union decision to redistribute 160,000 asylum seekers among member countries. He ...


World - Europe

Greece, lenders should conclude first bailout review the soonest ATHENS: Greece and its international lenders must conclude a first assessment of the country's bailout reforms as quickly as possible, the government spokeswoman said on Tuesday. Talks between the mission chiefs from the European Union, International Monetary Fund, European Central Bank and the euro zone's bailout fund on reviewing Greece's progress and the government over a tough pension reform plan and fiscal targets took a break on Friday after four days of meetings.A positive review ...

World - South East Asia

North Korea turns to ‘old workhorse’ rocket to repeat past success SEOUL/WASHINGTON: North Korea's weekend rocket launch repeated earlier success rather than breaking new ground, using a nearly identical design from a 2012 launch, experts said, adding the reclusive country probably remained years from building a long-range nuclear missile. The rocket was based on engines taken from its massive stockpile of mid-range missiles based on Soviet-era technology and electrical parts too rudimentary to be targeted by a global missile control regime, the experts said. South Korea ...

World - Europe

EU to unveil new energy plan to curb reliance on Russia BRUSSELS: The EU will unveil Wednesday plans to give it power to examine energy contracts that European states sign with countries outside the bloc, amid concerns about Europe's dependence on Russian gas.Brussels is aiming to beef up its legal arsenal one year after launching a landmark "energy union" strategy to secure supplies for the 28-nation EU against a backdrop of tensions with Russia over Ukraine.EU energy commissioner Miguel Arias Canete said in a speech late ...

World - Global Business & Economy

German industrial production down in December FRANKFURT: German industrial production decreased in December, weighed down by falling activity in the energy and manufacturing sectors, the economy ministry said on Tuesday. The ministry calculated that factory output -- a key yardstick for gauging the health of Europe's biggest economy -- contracted by 1.2 percent in December compared with a month earlier, corrected for seasonal factors.In November, output had declined fractionally by 0.1 percent. Manufacturing output was down by 1.1 percent month-on-month and ...

World - Europe

Several dead, about 100 injured in German train collision BERLIN: Several people died after two trains collided in the southern German state of Bavaria on Tuesday, a police spokesman said, adding about 100 people were also injured. "Two trains crashed head on," said a police spokesman."There are about 100 injured, scores of people seriously injured and several dead," he said. The accident happened at 6.48 a.m. local time (0548 GMT) near Bad Aibling in the southeastern corner of Germany. Rescue teams were on site.Copyright ...

World - North America

Argentina charts tricky course to US debt deal BUENOS AIRES: Argentina has claimed a breakthrough in efforts to get US hedge funds off its back by paying $6.5 billion of debt, but faces tricky maneuvers to settle the dispute for good.The leaders of Latin America's third-biggest economy said Friday they had offered the sum to settle its long debt battle with "holdout" creditors suing it in a US court.Two of six major holdout creditors have accepted the deal, which would impose a 25-percent ...