05302016Mon
Last update: Mon, 30 May 2016 09am

Europe

World - Europe

EU finance services chief says Britain faces barriers if quits EU LONDON: Britain would face trade barriers if it left the European Union and its single market, the EU's financial services commissioner Jonathan Hill said on Monday. Hill, a Briton appointed to the European Commission by UK Prime Minister David Cameron, stepped up warnings on the consequences for the City of London financial district if Britain votes to leave the 28-country bloc in a June 23 referendum. Financial services are Britain's biggest export earner and are flourishing, with London last year rated the world's most competitive financial centre by the Global Financial Centres Index, Hill told students at the London School of Economics.This was hardly a sign of a City drowned or strangled in red tape as is sometimes claimed, he said. "If Britain leaves it is certain that there will be barriers to trade and that will damage the British economy, jobs and growth," Hill said. Outside the EU, British ...

World - Europe

Germany's Merkel tells Erdogan Turkey needs strong parliament ISTANBUL: German Chancellor Angela Merkel said on Monday she had told Turkish President Tayyip Erdogan that his country needed a strong parliament and voiced concern over the Turkish parliament's decision to strip lawmakers of immunity.The move by the parliament, in a final vote last Friday, is likely to sideline the pro-Kurdish opposition and ease Erdogan's path to stronger powers.Speaking after talks with the Turkish leader in Istanbul, Merkel said: "I've made this clear in the ...

World - Europe

Turkey's incoming PM working on new cabinet ANKARA: Turkey's incoming premier Binali Yildirim said Monday he was working on a new cabinet after being handed the task by President Recep Tayyip Erdogan, without saying when the new lineup would be announced."It is not the first time a government is formed in Turkey. A list of the cabinet is being prepared," he told reporters in Ankara. Yildirim was on Sunday chosen by the ruling Justice and Development Party (AKP) as its chairman, replacing ...

World - Europe

Putin to visit Greece in first EU trip in a year MOSCOW: Russian President Vladimir Putin will visit Greece this week, the Kremlin said on Monday, his first official trip to an EU member state in almost a year.He will meet Prime Minister Alexis Tsipras and President Prokopis Pavlopoulos on the May 27-28 visit to discuss economic ties and energy projects, the Kremlin said in a statement.Putin, whose country is under Western sanctions over the Ukraine conflict, was last in Europe in June, when he visited ...

World - Europe

Recession warning as UK marks one month to EU vote LONDON: Britain could be plunged into a year-long recession and lose hundreds of thousands of jobs if it voted to leave the EU next month, the government warned Monday in a report critics dismissed as "deeply biased".Speaking at a hardware store in southern England, Prime Minister David Cameron said Britain risked sparking a "do-it-yourself recession" by backing a Brexit in a referendum on June 23."The shock to our economy after leaving Europe would tip the ...

World - Europe

Merkel says told Erdogan of 'deep concern' over lifting of MPs' immunity ISTANBUL: German Chancellor Angela Merkel on Monday said she had told Turkey's President Recep Tayyip Erdogan of her "deep concern" over a law lifting the immunity of Turkish lawmakers that critics believe is aimed at evicting pro-Kurdish lawmakers from parliament."Of course, the lifting of the immunity of one quarter of the deputies is a source of deep concern. I expressed this to the Turkish president and we discussed these questions very openly," she said.Copyright AFP ...

World - Europe

UN chief Ban calls for halving of numbers of displaced by 2030 ISTANBUL: UN Secretary-General Ban Ki-moon on Monday called on governments, businesses and aid groups at the U.N.'s first world humanitarian summit to commit to halving the number of displaced civilians by 2030.The two-day conference in Istanbul seeks to develop a better response to what the U.N. has called the worst global humanitarian situation since World War Two, with an estimated 130 million people now in need of aid."We are here to shape a different future," ...