Europe
Friday, 10 May 2013 20:44
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LONDON: Britain is temporarily pulling out some staff from its embassy in the Libyan capital Tripoli due to security concerns over recent political unrest, the Foreign Office said on Friday.Tensions have risen in Libya since ex-rebels besieged two ministries at the end of last month in a row over a law that would ban officials who served under slain dictator Moamer Qadhafi from holding office."Given the security implications of the ongoing political uncertainty, the British embassy is temporarily withdrawing a small number of staff, mainly those who work in support of government ministries which have been affected by recent developments," a spokesman said."The embassy is open as usual, including for consular and visa services."British ambassador to Libya Michael Aron tweeted that "despite rumours the British embassy in Tripoli is open for business."But the British Council cultural agency said separately that it was closing its Libya office until next week for ...
BUDAPEST: Hungary's government announced new savings of up to 800 million euros on Friday in an effort to exit an EU excessive deficit procedure later this month. "The government will freeze 92.9 billion forints (310-million-euros, $403-million) of budget expenditures worth around 0.3 percent of gross domestic product, in order to exit the procedure," Economy Minister Mihaly Varga told journalists, without specifying what the measures entailed. A further 500 million euros of savings could be made ...
LJUBLJANA: Slovenia plans to transfer 3.3 billion euros of bad loans held by its three largest banks, all state-controlled, to a newly established bad bank, a document on the government's reform plans, released on Friday, showed.In return the three banks combined will receive state-guaranteed bonds worth 1.1 billion euros in total.The three banks, NLB, Nova KBM and Abanka Vipa hold the lion's share of 7 billion euros of bad loans that are choking the euro ...
ISTANBUL: Ukraine is optimistic that it will sign a $15 billion loan deal with the International Monetary Fund (IMF) in the near future after fruitful talks, Finance Minister Yuri Kolobov told Reuters on Friday."The vision of both sides is that the negotiations are very fruitful and that in the nearest future both sides are interested in signing this agreement," Kolobov said on the sidelines of a European Bank for Reconstruction and Development (EBRD) conference in ...
MOSCOW: Russia and the United States are planning later Friday to discuss a "very serious" ammonia leak outside the International Space Station, said Vladimir Solovyov, flight director for the Russian segment of the space station."Indeed, they have a serious defect, very serious," Solovyov was quoted as saying by the Interfax news agency. He added that astronauts on board the station may need to go into open space to fix the leak. "The decision has not ...
LONDON: Finance ministers and central bank chiefs from the Group of Seven leading economies will meet in the English countryside on Friday for talks on spurring growth, amid US-Europe divisions over the scale of austerity.The G7 -- comprising Britain, Canada, France, Germany, Italy, Japan and the United States -- is expected to build on last month's wider Group of 20 meeting, while looking ahead to next month's G8 heads of state summit in Northern Ireland.Britain ...
BRUSSELS: Eight people detained in an international sweep aimed at nailing those behind a spectacular $50-million diamond heist at Brussels airport will appear in court next week, a report said Thursday.The Belga news agency, citing the prosecutors office, gave no details of the charges they could face.The authorities have released another 16 people picked up in connection with the dramatic February robbery after questioning, the agency added.More than 30 people were initially detained by police ...
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