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Last update: Thu, 11 Feb 2016 06pm

Europe

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 is crucial to Greece continuing to receive aid and to avoid a return to last year's crisis, which saw Athens come close to crashing out of the euro zone. Greece expects the review to resume next week and be concluded by the end of this month to open long-awaited talks that will make its debt more manageable in the future."The government's position is that the whole procedure must be wrapped up the soonest possible because ...

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 - 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 - Europe

Several injured in train crash in Germany BERLIN: Two trains collided in southern Germany on Tuesday, leaving eight people seriously injured, police said."According to the latest information, there are eight people with serious injuries" and "several" with minor injuries, Stefan Sonntag, a police spokesman in the southern town of Rosenheim, told AFP."We are not aware of any deaths," he added.The eight serious casualties were airlifted to hospital by helicopter, while ambulances transported the rest, he said.The cause of the accident near Bad ...

World - Europe

Turkey's Erdogan threatened to flood Europe with migrants: Greek website BRUSSELS: Turkish President Tayyip Erdogan threatened in November to flood Europe with migrants if European Union leaders did not offer him a better deal to help manage the Middle East refugee crisis, a Greek news website said on Monday.Publishing what it said were minutes of a tense meeting last November, the euro2day.gr financial news website revealed deep mutual irritation and distrust in talks between Erdogan and the EU's two top officials, Jean-Claude Juncker and Donald ...

World - Europe

Georgia to build $2.5-bln Black Sea port on China's Silk Road TBILISI: Georgia on Monday announced plans to build a new deep-water Black Sea port in a $2.5-billion project that aims to boost trade between China and Europe along the historic Silk Road route.Prime Minister Giorgi Kvirikashvili said the ex-Soviet country had awarded the contract to build the port to a joint venture called Anaklia Development Consortium, made up of Georgia's TBC Holding and US-based Conti International."The project will bring tremendous opportunities for Georgia and the ...

World - Europe

French ex-budget minister goes on trial for tax fraud PARIS: France's former budget minister Jerome Cahuzac, who stashed millions abroad while cracking down on tax cheats at home, went on trial Monday for tax fraud.The 63-year-old former rising star in the French Socialist Party now dubbed the finance ministry's "Pinocchio", fended off reporters as he arrived at the Paris criminal court.His ex-wife and co-defendant Patricia Menard, with whom he ran a lucrative hair transplant clinic, arrived separately.Nearby, dozens demonstrated against the impunity of the ...