09292016Thu
Last update: Thu, 29 Sep 2016 04pm

Europe

World - Europe

Schaeuble urged lawmakers to grill ECB's Draghi BERLIN: German Finance Minister Wolfgang Schaeuble ratcheted up his criticism of European Central Bank President Mario Draghi this week ahead of Draghi's visit to the German parliament next week, the Bild newspaper reported on Saturday.Schaeuble, a fierce critic of Draghi, urged members of the German finance committee to ask tough questions about Draghi's monetary policy when he testifies before the committee on Wednesday, the newspaper said, citing meeting participants.The ECB has been easing policy aggressively to boost growth and inflation in recent years with little to show for its efforts, fueling arguments that monetary policy was at its limits and governments needed to help out.Schaeuble earlier this month rejected Draghi's criticism of Germany's export surplus, saying the ECB had not changed its monetary policy which has led to a weaker euro which in turn boosts German exports.Munich-based Ifo economic institute has said Germany's current account surplus would probably hit a ...

World - Europe

EasyJet reportedly eyes German airline to duck Brexit FRANKFURT: EasyJet is in talks to acquire TUIfly, a board member of the German carrier said Friday, as the British no-frills airline seeks ways to keep flying freely within the EU.Talks have been going on "for some time", said Martin Locher, an employee representative on TUIfly's supervisory board.TUIfly -- a subsidiary of leading tour operator TUI -- was in discussions with EasyJet as well as "another airline in a European country outside Germany" about a ...

World - Europe

EU looks beyond Obama to clinch free trade deal BRATISLAVA: A last-gasp push to seal a landmark free trade deal between the European Union and the United States before the end of Barack Obama's presidency has failed, EU ministers agreed on Friday. "It is not realistic to reach the final agreement by the end of the Obama administration," said Peter Ziga, the trade minister of Slovakia which currently holds the EU's six-month rotating presidency.The decision puts the fate of the accord on the US ...

World - Europe

Splits in May's Cabinet leave world guessing on Brexit LONDON: Divisions in Prime Minister Theresa May's Cabinet generated confusion over Brexit Friday after a series of mixed messages on how and when Britain will leave the European Union.Following an interview with Sky News in which he said that Britain planned to begin formal Brexit talks early next year, Foreign Secretary Boris Johnson was quickly put in his place by May's office on Thursday."The government's position has not changed -- we will not trigger Article ...

World - Europe

Putin proposes his deputy chief of staff become speaker of parliament MOSCOW: President Vladimir Putin on Friday proposed that Vyacheslav Volodin, deputy head of his administration, become speaker in the Duma, the lower house of parliament. Putin on Thursday offered Sergei Naryshkin, the outgoing speaker, the job of head of Russia's SVR foreign intelligence service. The reshuffle follows a landslide win by the ruling United Russia party in parliamentary elections on Sunday. Copyright Reuters, 2016 ...

World - Europe

Erdogan says US arming Syrian Kurdish militia ANKARA: Turkish President Recep Tayyip Erdogan accused the United States of sending more weapons to a Syrian Kurdish militia in defiance of Ankara's repeated insistence it is a "terrorist" organisation.Although the US views the the People's Protection Units (YPG) militia as its most significant ground ally against militants, Ankara says the fighters are "terrorists" linked to the Kurdistan Workers' Party (PKK) which for decades has waged an insurgency in southeastern Turkey.Erdogan said late Thursday that ...

World - Europe

Putin's close friend: Donald Trump will be next US president MOSCOW: One of Vladimir Putin's closest friends said on Thursday he believed Donald Trump would be the next president of the United States and that Western leaders were no match for the Russian president.Sergei Roldugin, a childhood friend of Putin's and godfather to his eldest daughter, made international headlines earlier this year after his name featured in the leaked Panama Papers as the owner of a sprawling network of offshore accounts. Some Western media said ...