Euro ministers add final stitch to debt safety net

Finance ministers from the debt-stricken euro zone sought to restore financial markets’ confidence on Monday by agreeing how to deploy a vast anti-contagion programme if needed by struggling members. Germany’s coalition government agreed in parallel to budget cuts and taxes worth 11.2 billion euros next year — and more than 80 billion euros by the end of 2014 — in the latest of a series of austerity plans being hatched... [more]

Sarkozy-Merkel talks postponed by a week

Talks between French President Nicolas Sarkozy and German Chancellor Angela Merkel planned for Monday in Berlin have been pushed back by one week after scheduling problems, a German official said. “The meeting has been postponed by one week due to scheduling reasons,” the spokeswoman for Merkel’s office told AFP. French diplomatic sources said the talks had been postponed at Germany’s request and that a new round... [more]

European Trade unions plan action day over budget cuts

European austerity measures to tackle the soaring debt crisis have sparked “despair” and will cut too deep, a senior trade union official warned Friday, as he announced a protest action day. John Monks, head of the European Trade Union Confederation, who met EU and employers’ officials in Brussels, said there was “despair and alarm at the prospects of growth in Europe as all countries, not just those in distress,... [more]

Former Vivendi chief Messier goes on trial in Paris

Almost eight years after being ousted from the presidency of Vivendi Universal, Jean-Marie Messier is being asked to explain his actions as head of the French media giant as his trial opens in Paris. Almost eight years after he was ousted from the presidency of Vivendi Universal, Jean-Marie Messier is answering for his actions as head of the media and communications giant as his trial opens in Paris. Messier, 53, appeared in court on Wednesday... [more]

Israel PM leaves for Paris ahead of US talks

Israeli Prime Minister Benjamin Netanyahu left for Paris on Thursday on a trip that will also take him to Washington after he received a last-minute invitation for talks with US President Barack Obama. In Paris, Netanyahu will formally accept an invitation for Israel to join the Organisation for Economic Cooperation and Development, a Paris-based group of 30 developed world nations. He is also scheduled to hold talks with French President... [more]

Geithner in Europe crisis talk

U.S. Treasury Secretary Timothy Geithner, in an apparent criticism of Germany, called for a “carefully designed global approach” to financial reform on Wednesday as he arrived in Europe for talks on a euro zone debt crisis that is shaking world markets. European shares rallied from nine-month lows but the euro remained under pressure amid continuing signs of banks’ reluctance to lend to euro zone counterparts exposed to... [more]

Netherlands and France want code of conduct against internet censorship

The Dutch and French Foreign Ministers Maxime Verhagen and Bernard Kouchner have issued a statement in which they announce that the creation of an international working group which is to draw up an ‘international code of conduct’ against censorship on the internet. The two ministers say that the number of countries censoring the so-called new media has substantially increased in the past few years.In a large number of countries... [more]

U.S. plays down European crisis but China worried

The United States suggested Europe’s debt crisis would have minimal impact on global growth, but China took a more pessimistic view, warning it would impact demand for its exports and other regions would suffer too. The two countries, meeting in Beijing for high-level talks, set the differing tones as eurozone leaders sought to conquer doubts that they can cut fiscal deficits and stimulate growth to overcome the crisis. Global markets... [more]

Number of visitors at Shanghai World Expo reaches 5 million

The number of visitors at the Shanghai World Expo has reached 5 million, Xinhua news agency reported on Monday. Xinhua said the 5-millionth guest visited the Expo on Sunday evening. Experts say tourists have become interested in the exhibits, estimating the number of visitors to reach at least 70 million over the following six months. Russia’s pavilion at the Shanghai 2010 World Expo welcomed its 500,000th visitor on Sunday, a 22-year-old... [more]

Thai film ‘Boonmee’ wins top honor at Cannes fest

The hypnotic Thai film “Uncle Boonmee Who Can Recall His Past Lives” won the top honor at the Cannes Film Festivalon Sunday, while Academy Award winners Juliette Binoche and Javier Bardem earned acting honors. “Uncle Boonmee,” directed by Apichatpong Weerasethakul, traces the dreamlike final days of a man dying of kidney failure as the ghost of his dead wife returns to tend him and his long-lost son comes home... [more]

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