12072016Wed
Last update: Wed, 07 Dec 2016 05pm

Europe

World - Europe

EU's Schulz steps down, fuelling German, EU reshuffles BRUSSELS: European Parliament President Martin Schulz is returning to German politics, raising the prospect he may challenge Angela Merkel as chancellor and prompting speculation of a reshuffle in European Union institutions. Schulz told a news conference he would not stand for re-election as speaker of the EU legislature and instead campaign for a seat in Germany's federal parliament next year. He made no comment on speculation he may succeed departing Foreign Minister Frank-Walter Steinmeier or become the Social Democrat candidate to challenge conservative chancellor Merkel's bid for a fourth term in September's parliamentary election. Schulz, 60, had been pushing for a third 30-month term as EU parliament president in defiance of a deal that he make way for a speaker from the centre-right, the chamber's biggest group.Should the conservatives, who have formed an effective grand coalition in Brussels with Schulz's centre-left, claim the presidency in January, all three main EU ...

World - Europe

Russia's Novak casts doubts on 880,000 bpd oil output cut proposal MOSCOW: Russian Energy Minister Alexander Novak said on Thursday that the OPEC group had earlier proposed to other countries to cut oil production by 500,000 barrels per day (bpd) and that he hasn't heard about a larger proposal of 880,000 bpd. The oil minister of Azerbaijan, which is not a member of OPEC, was earlier quoted in a newspaper as saying the cartel may want non-OPEC producers to cut output by as much as 880,000 ...

World - Europe

UK's Hammond may need to use up all his fiscal headroom LONDON: British finance minister Philip Hammond may need to use all the budgetary "headroom" he has reserved for himself in the coming years given the uncertainty around the impact of Brexit, the head of a leading economic think thank said.Hammond announced on Wednesday new budget rules to cut the budget deficit, once adjusted for swings in the economy, to below 2 percent of gross domestic product by the end of the decade - a goal ...

World - Europe

Ukraine's Poroshenko faces calls to do more on reform at summit with EU BRUSSELS: European Union leaders and Ukraine's president met on Thursday to build on a deal on closer relations but progress has faltered amid EU divisions over how far to go with a country mired in intractable corruption and conflict. For their part, some in Ukraine feel the EU has not shown enough support in its confrontation with Russia and worry that promises by US President-elect Donald Trump to mend Washington's ties with Moscow could come ...

World - Europe

EU parliament vote on Turkey breaches European values, Ankara says ANKARA: A vote by European Union lawmakers to temporarily halt Turkey's membership talks with the bloc breaches basic European values, Ankara's EU affairs minister said on Thursday, adding that Turkey does not take the vote seriously. Omer Celik made the comments in a news conference after EU lawmakers voted in favour of a non-binding motion urging the largely symbolic freeze in the 11 year-old talks because of Ankara's "disproportionate" reaction to a July failed coup. ...

World - Europe

Aleppo rebels agree UN aid plan; Russia, Syria yet to approve: UN GENEVA: Syrian rebels in besieged east Aleppo have agreed to a UN plan for aid delivery and medical evacuations, but the United Nations awaits a green light from Russia and the Syrian government, humanitarian adviser Jan Egeland said on Thursday. With freezing winter conditions setting in, some 275,000 people are trapped in east Aleppo, where the last UN food rations were distributed on Nov. 13. Hundreds of trucks are ready in Turkey and government-controlled west ...

World - Europe

EU lawmakers urge halt to Turkey EU membership talks STRASBOURG European Union lawmakers called on Thursday for a temporary halt to EU membership talks with Turkey because of Ankara's "disproportionate" reaction to July's failed coup, although EU governments are unlikely to take heed. Members of the European Parliament voted 479 to 37 in favour of a non-binding motion urging the European Commission and national governments to institute what lawmakers acknowledge would be a largely symbolic freeze in negotiations that have been going on for ...