TNT Milan – a package you can’t refuse

TNT Express in Milan has been infiltrated by the mafia. The Italian justice ministry has intervened and will be at the helm of the packages delivery company for the coming six months. It appears that dozens of smaller courier companies that work for TNT are run by the ‘Ndrangheta, the Calabrian branch of the mafia. TNT was under the impression that they were independent companies but it has transpired the couriers were a cover for organised... [more]

EU to provide 110 million euros for new Chernobyl shell

The European Commission will allocate an extra 110 million euros (96.5 million pounds) towards the cost of building a new shelter over the Chernobyl nuclear reactor which blew up in 1986, commission president Jose Manuel Barroso said on Monday. “Tomorrow I will be ready to declare extra money put forward by the European Commission of the order of 110 million euros,” Barroso told Ukrainian President Viktor Yanukovich, Interfax... [more]

Portugal bailout talks start under Finnish shadow

European and IMF officials went into tough talks with Portugal Monday on the terms and conditions of a bailout as a Finnish anti-EU party’s election success cast doubt on its viability. Negotiations on a deal expected to be worth up to 80 billion euros ($115 billion) follow a technical mission last week to Lisbon by the European Commission, the European Central Bank and the International Monetary Fund. The government of Prime Minister... [more]

Tymoshenko went against her cabinet when signing gas deal with Russia

Ex-Ukrainian premier Yulia Tymoshenko signed the 2009 gas deal with Russia without consent from her cabinet, Ukrainian Prosecutor General Viktor Pshonka said. “Tymoshenko made this decision, which was economically unfavorable for the state, single-handedly, without coordinating it with the government,” Pshonka told the Inter TV channel on Sunday. Last week, Ukraine’s Prosecutor General’s office launched a criminal... [more]

Toyota resumes production at all Japan plants

Toyota Motor Corp. resumed car production at all of its plants in Japan Monday for the first time since the March 11 earthquake and tsunami, but said the factories will run at half capacity due to parts shortages. The world’s No. 1 automaker said it was still struggling to secure around 150 types of auto parts. The magnitude-9.0 earthquake and ensuing tsunami destroyed parts factories in northeastern Japan, causing severe shortages... [more]

Royal Pez dispenser set sells for thousands on eBay

Would you spend more than $12,000 on a Pez dispenser commemorating the upcoming royal wedding? Would you do it for charity? It appears someone is prepared to fork over that kind of cash for a plastic wedding memento, as an auction for a special edition set of William and Kate Pez dispensers closed Sunday evening with an official winning bid of 8,200 pounds. That’s $12,869.90 in Canadian funds, according to the Bank of Canada’s... [more]

Swedish women fake rape to claim payouts

A Swedish woman accused of trumping up rape accusations while on holiday in Greece exemplifies a persistant view in the Mediterranean country that Swedish women bring false rape complaints to get payouts from special ‘rape insurance’. In 2008, Swedish ‘Anna’ went on holiday to the Greek island of Samos. On her last night she claimed to have been brutally raped and beaten, according to Sweden’s TV4. After reporting... [more]

Swiss Nestlé sales tumble in first quarter

Swiss food giant Nestle said Friday its first quarter sales fell 9.3 percent, hit by the strong Swiss franc and costs arising from its sale of eyecare group Alcon. Sales for the period fell to 20.3 billion francs (€15.7 billion). “Sales were impacted by -9.8 percent from foreign exchange and by -5.9 percent from divestitures net of acquisitions,” the group said in a statement. The world’s biggest food company also... [more]

Greece outlines 15-billion-euro state asset sale

Greece on Friday unveiled plans for a massive sale of state assets, designed to raise some 15 billion euros ($22 billion) by 2013 in order to reduce its huge debt and put its struggling recovery on track. The government said it would privatise the country’s main electricity provider PPC — previously a sacred cow whose sale had been resisted — and would further reduce its 20-percent stake in main telecoms operator OTE. “In... [more]

Dutch Iran Committee wants boycott of Iran Oil Show

The Iran Committee wants Dutch businesses to boycott the Iran Oil Show which is scheduled to be held from 16 to 19 April in Tehran. The Committee says their participation would undermine EU sanctions against the Iranian regime. The Iran Committee is a foundation created by Dutch citizens concerned about the government’s Iran policy. At the Oil Show, business in the energy sector will be given an opportunity to present themselves and gain... [more]

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