09302016Fri
Last update: Fri, 30 Sep 2016 08am

Europe

World - Europe

Euro zone economy ‘resilient’ despite Brexit vote: Draghi FRANKFURT: The euro zone economy is coping well with global uncertainty, such as Britain's vote to leave the European Union, even if the outlook for external demand has worsened, the president of the European Central Bank said on Monday. "Incoming information continues to point to the euro area economy being resilient to global and political uncertainty, notably following the UK referendum outcome," Mario Draghi said at a hearing at the European Parliament in Brussels. He added: "At the same time, the substantial weakening of the foreign demand outlook since June is expected to dampen export growth." Copyright Reuters, 2016 ...

World - Europe

French jobless total surges in August by most in three years PARIS: France's jobless total surged in August by nearly the most in three years, dealing a blow to President's Francois Hollande's hopes of turning around the labour market in the approach to next year's presidential election.The number of people registered as out of work in mainland France jumped by 50,200 to 3,556,800, up 1.4 percent from July and down 0.3 percent year-on-year, the Labour Ministry said in its monthly report on joblessness. The increase was ...

World - Europe

Italy to hold referendum on constitutional reform on Dec 4 ROME: A referendum over Prime Minister Matteo Renzi's flagship constitutional reform will be held on Dec. 4, a government official said on Monday, with the fate of the Italian government likely to hinge on the outcome. Renzi says the reform will bring much-needed political stability to Italy and has repeatedly pledged to resign if voters reject his proposals to cut the powers of the upper house Senate and reduce the number of parliamentarians. However, some ...

World - Europe

Police say man opens fire, injuring two, near supermarket west of Paris PARIS: French police officials said on Monday a man had opened fire near a supermarket west of Paris and injured two people. Elite police were at a building where a suspect was holed up, the officials said. According to BFM TV the man was known to police for violent behaviour.Copyright Reuters, 2016 ...

World - Europe

Romania's 8-month consolidated budget deficit at 0.4pc/GDP BUCHAREST: Romania's consolidated budget deficit rose to 0.4 percent of gross domestic product in the first wight months, from a gap of 0.2 percent at the end of July, finance ministry data showed on Monday. In nominal terms, the deficit stood at 3.12 billion lei ($790.57 million) at the end of August. Revenues totalled 147.22 billion lei, or 19.4 percent of GDP. Spending reached 19.8 percent of GDP. The European Union state targets a deficit ...

World - Europe

Six soldiers killed in clashes with militants in southeast Turkey DIYARBAKIR: Six Turkish soldiers were killed and one was injured on Monday in clashes with militants in the largely Kurdish southeast, security and hospital sources said. The clashes with militants from the Kurdistan Workers Party (PKK) broke out in the Uludere district of Sirnak province at a check point near a prison, the security sources said. The autonomy-seeking PKK has waged a three-decade insurgency in southeast Turkey, home to most of the country's 15 million ...

World - Europe

Calais migrant camp to be razed by year-end CALAIS: French President Francois Hollande said Monday the sprawling "Jungle" migrant camp in Calais would be dismantled by the end of this year under a plan to spread asylum seekers around the country."I have come to Calais to confirm the decision that I took with the government... to dismantle (the camp) definitively, entirely and rapidly, that means by the end of the year," Hollande said on his first visit to Calais as president.Hollande called on ...