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Europe's economy persistently weak, sanctions a problem BRUSSELS: Italian Economy Minister Pier Carlo Padoan said on Tuesday the recent German economic data show that Europe's economy is much weaker than it was expected to be six months ago, and further economic sanctions against Russia would be a "problem" for all sides."The macroeconomic picture is disappointing, and recent data on Germany sounds the bell alarm because it indicates that the weakness is more persistent in time and widespread in space than what we expected six months ago," Padoan said in testimony to the European Parliament's economic affairs committee.Padoan did not specify which data he was referring to, but German industrial output declined by 1.8 percent on the month in May, its biggest drop in more than two years, data showed earlier this month.The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday.When asked by reporters on the ...

Turkey arrests more than 50 police officers in graft probe ANKARA: Turkish authorities on Tuesday arrested 55 senior police officers in a criminal probe over alleged corruption and abuse of office, the latest apparent crackdown on opponents of Prime Minister Recep Tayyip Erdogan ahead of presidential polls, television reports said.Forty serving and former top police officers were arrested in Istanbul, including the former head of the anti-terror unit of Istanbul police, Omer Kose.Fifteen others were arrested elsewhere, in what the reports said was a new ...
British far-right leader steps down LONDON: Nick Griffin has stepped down as leader of the British National Party, the far-right group announced Monday, following disastrous results at the European Parliament elections.Griffin, 55, stepped aside at a party leadership meeting after nearly 15 years in charge of the anti-immigration group, which campaigns for Britain to leave the European Union. Having won 6.3 percent of the vote in 2009, the party polled just over one percent in May's European elections, with Griffin ...
Dutch Twitter avatars go black demanding MH17 bodies return THE HAGUE: Dutch social media users are turning their profile photos black and tweeting the hashtag #BringThemHome as anger mounts that bodies from flight MH17 have not yet been repatriated from Ukraine.Dutch Foreign Minister Frans Timmermans was one of the first to make his Facebook cover photo black in a sign of mourning.Since then Twitter and Instagram users in the Netherlands and around the world have posted black screens or ribbons, demanding the 298 dead, ...
Kiev willing to hand control of crash probe to West: Ukrainian PM KIEV: Ukraine is willing to hand over coordination of an investigation into the Malaysian airliner crash to international partners but Kiev is convinced the plane was shot down by "professionals", Ukraine's prime minister said on Monday."Ukraine is ready to hand over a coordinating role in the investigation into the tragedy to our Western partners. And the Netherlands could head that process," Arseny Yatseniuk told a news conference."At the moment, we have no doubt that the ...
UK offers more workers choice to cash in pension savings LONDON: Britain will give more workers a choice to cash in their pension savings, the government said on Monday, expanding reforms set out earlier this year that hit insurers' share prices.Finance minister George Osborne caught Britain's pensions industry by surprise in March when he said he would scrap a rule forcing many people to buy an annuity, a financial product which converts a retiree's pension pot into a guaranteed income.From April, people will also face ...
Dutch investigators inspect MH17 bodies at east Ukraine station TOREZ: Dutch investigators on Monday inspected bodies recovered from downed passenger airliner MH17 which had been loaded onto a train under rebel control not far from the crash site, an AFP reporter said.Each of the train wagons carrying the corpses was opened and examined by two men wearing masks and headlights. The stench from the wagon was overpowering and, contrary to claims that the carriages were refrigerated, there was little sign that the remains in ...

 



 
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