European Union
The NATO summit was a brief distraction for Portugal, a country struggling to avoid becoming the next domino to fall in Europe's spreading debt crisis. Ireland's request for a bailout from the European Union and International Monetary Fund has brought little relief, with the Portuguese government
European Union
The Irish government faced collapse Monday after accepting a massive bailout from the European Union and the International Monetary Fund. Prime Minister Brian Cowen announced that an election would be called for early next year, contingent on passing an emergency budget and finalizing the bailout. The move marked a significant
European Union
Ireland's struggling economy has brought it to the brink of financial collapse, with the country facing the possibility of a bailout package worth at least €85 billion. Prime Minister Brian Cowen has assured Parliament that Ireland's finances are sufficient to tide the country through next spring,
European Union
European stocks increased in cautious trading on Wednesday as investors awaited the outcome of Ireland's meeting with European Union and International Monetary Fund officials to address its growing debt problems and ailing banks. Irish Finance Minister Brian Lenihan announced that intensive engagement would begin on Thursday, but the
European Union
The European Union's competition watchdog, the European Commission, has fined 11 airlines a total of almost $1.1 billion for colluding on fuel and security surcharges on international cargo shipments between 1999 and 2006. This cartel led to higher prices for businesses to move their goods. The commission&
European Union
The European Union has imposed hefty fines on 11 airlines, including Air Canada, for engaging in a price-fixing cartel on international cargo shipments between 1999 and 2006. The airlines coordinated surcharges for fuel and security without offering discounts, leading to higher prices for businesses to transport their goods. The fines,
European Union
The European Commission has referred the Czech Republic to the Court of Justice for breaching EU public procurement rules by not opening up a public contract for military tactical transport aircraft to EU-wide competition. The Czech Republic directly awarded the contract worth 132 million to the company supplying the aircraft,
European Union
The European Union's ambitious Galileo satellite navigation system is facing budget problems and potential political uproar due to cost-cutting measures proposed by the German government. The program, which aims to provide an independent satellite navigation system in Europe, is over budget and behind schedule, with estimated costs reaching
Prime ministers
An Israeli plan to build 900 new homes in a part of Jerusalem claimed by both Israel and the Palestinians has led to criticism from the US and EU, with officials expressing concerns that additional settlement building hinders Israel's security and makes peace with its neighbors more challenging.
Prime ministers
As the world grapples with the challenges of climate change, economic recession, and international terrorism, Britain must lead the way in global cooperation to shape a more prosperous and secure future. In the coming months, the UN Climate Change Conference in Copenhagen will gather countries to forge a new international
European Union
The World Trade Organisation (WTO) meeting in Hong Kong has achieved a significant breakthrough, marking a major milestone in the Doha round of trade negotiations. Despite the presence of protesters and the threat of violence, the meeting maintained its momentum, and the negotiators successfully agreed on a draft declaration. This
European Union
Ministers made a final push to salvage the global trade pact, working tirelessly to resolve disagreements on ending farm export subsidies and boosting the exports of impoverished nations. Diplomats warned that failure to resolve these issues before the negotiations conclude on Sunday would severely limit the chances of a deal
