KLM boss criticises airport closure in Netherlands

The decision to close parts of Dutch airspace for eight hours on Monday was ‘wrong’ and an ‘over reaction,’ says KLM CEO Peter Hartman. Speaking at celebrations to mark 10 years of the Dutch Aviation Group, Hartman said airlines themselves should be allowed to take the decision whether or not to fly. ‘Officially it is airlines which decide when and where they will fly on the basis of information from the government... [more]

More illegal workers caught in 2009 – Netherlands

Labour inspectors found 2,500 workers without permits in spot checks on companies last year, a 25% increase on 2008, Nos tv reports on Tuesday, quoting from the inspectorate’s annual report. Almost one third came from Bulgaria and Romania, Nos said. Even though both countries are members of the EU, their nationals still need permits to work in the Netherlands. The rise in illegal employment was strongest in the construction sector.... [more]

Eurozone nations defend currency union

Eurozone finance ministers defended the euro as a “credible” currency, despite its slide to four-year lows against the dollar, as they sought to tame the fears that have gripped financial markets in recent weeks. The eurozone meeting came ahead of a Tuesday session of finance ministers from all 27 European Union members that are set to agree on new rules to regulate hedge funds. Investors fear that as European nations make... [more]

Daniel Westling claims kidney illness ‘not hereditary’

Daniel Westling, the future husband of Sweden’s Crown Princess Victoria, has insisted that he is in great shape ahead of the couple’s June wedding, arguing that his kidney illness is not hereditary. “This is not something that is hereditary,” Daniel Westling said during a joint interview with his bride-to-be on the commercial TV4 channel late Monday. Westling’s first public comments about his kidney malfunction... [more]

Oil find in the North Sea – Norway

The Norwegian oil company Det norske has discovered oil in Storklakken close to the Frøy field. The proven volumes are between 7 and 12 million barrels of oil equivalents. Det norske owns 100% of the licence. Det norske, operator of production licence 460, has completed drilling an exploration well (25/1-11) and a subsequent sidetrack (25/1-11 A) in the Storklakken prospect. The wells were drilled using the Aker Barents drilling rig. The... [more]

Euro dips on persistent fears, global stocks shaky

The euro dipped on Tuesday after bouncing from four-year lows, weighed down by persistent worries about the euro area’s fiscal health that also kept investors in Asia on edge. Stocks hovered near a three-month low struck on Monday, with materials shares down a day after metals prices tumbled on fears that China’s economy may be slowing. Traders said that while the euro’s sharp fall made it ripe for a bounce, it would stay... [more]

Buffy’s Caulfield files for divorce

Emma Caulfield filed for divorce from her husband of more than three years. The 37-year-old former Buffy the Vampire Slayer actress cites irreconcilable differences for the split from Cornelius Grobbelaar in documents filed last Thursday in Los Angeles Superior Court. Court documents show the pair separated on May 7. They married on August 23, 2006. Caulfield played the vengeance demon Anya on the cult supernatural TV series, which ran from... [more]

Jailed Russian oil tycoon declares hunger strike

Jailed Russian oil tycoon Mikhail Khodorkovsky has declared a hunger strike, he said in an open letter to the chairman of Russia’s supreme court published on Tuesday. Khodorkovsky accused a Moscow court of unlawfully keeping him in jail as he awaits trial on new charges of financial crimes, which he said violated recent amendments to Russian law pushed through by President Dmitry Medvedev. “I declare a hunger strike until I... [more]

Today in History – 18th May

Today is Tuesday, May 18, the 138th day of 2010. There are 227 days left in the year. Today’s Highlight in History: On May 18, 1980, the Mount St. Helens volcano in Washington state exploded, leaving 57 people dead or missing. On this date: In 1860, the Republican Party convention in Chicago nominated Abraham Lincoln for president. In 1896, the Supreme Court, in Plessy v. Ferguson, endorsed “separate but equal” racial... [more]

EU ministers eye reforms as markets buffet euro

European finance ministers prepared on Monday to discuss tighter regulation on hedge funds a week after launching a $1 trillion debt rescue plan, as the euro was hit by fears austerity measures would stifle recovery. Before the euro zone ministers’ talks, also expected to cover curbs on private equity, Germany said it was drawing up plans to boost the euro and avert future debt crises. Among other proposals for reform, a European... [more]

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