http://www.euronews.com/ A fresh round of diplomatic activity is underway to halt the Gaza conflict. The US Secretary of State, Hillary Clinton is on her way from an Asian summit in Cambodia’s capital to meet Israeli and Palestinian leaders for urgent talks. The UN Secretary General is already in Cairo where he’s called for an immediate truce: “I am here to appeal… Read more →
The bitter battle in Gaza highlights the fact that Islamist extremists have gained ground in the Palestinian territories with support from Egypt and Iran. The next battleground is likely to be the United Nations, where the Palestinians are seeking observer status. Has Israel miscalculated with its new offensive? The current situation in the Middle East is reminiscent of events that… Read more →
Argentina’s bond yields are eclipsing those of Greece for the first time since the European nation’s debt restructuring in March, as speculation increases the South American country will opt to default rather than settle with its so-called holdout creditors. Yields on Argentina’s euro-denominated bonds due in 2033 surged 4.15 percentage points to a five-month high of 16.93 percent after a U.S. court… Read more →
(Reuters) – Major banks have announced some 160,000 job cuts since early last year and with more layoffs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. A Reuters analysis of job cuts announced by 29 major banks showed the layoffs were much bigger in Europe than in Asia… Read more →
Air-raid sirens sounded for a second day in Tel Aviv and an explosion was heard in the city asIsrael extended its bombing of Gaza and militant groups fired rockets at the Jewish state. Egypt’s prime minister, Hisham Qandil, visited Gaza today and called for an international effort to end the violence there, saying that “the world should take responsibility in stopping… Read more →
(Reuters) – Ireland’s government pledged on Thursday to clarify its abortion laws after an Indian woman who was refused a termination died from blood poisoning in an Irish hospital. Thousands took to the streets to protest on Wednesday after news broke of the death of Savita Halappanavar of septicaemia following a miscarriage 17 weeks into her pregnancy. Activists in the… Read more →
LONDON (AP) — The 17-country eurozone has bowed to the inevitable and fallen back into recession for the first time in three years as a sprawling debt crisis took its toll on the region’s stronger economies. And with surveys pointing to increasingly depressed conditions across the eurozone at a time of high unemployment in many countries, there are fears that… Read more →
Clashes between protesters and police raged in to the night in Spain and Portugal on Wednesday after a day of anti-austerity strikes and rallies snarled the streets of several European capitals.
Hundreds of thousands of Europe’s beleaguered citizens went on strike or snarled the streets of capitals of Spain, Italy, Greece and Portugal, at times clashing with riot police, as they demanded that governments stop cutting benefits and create more jobs.
Fiona Govan, the Telegraph’s correspondent in Madrid reports on the escalating tension as Spanish workers join strikes to protest against spending cuts and tax hikes that trade unions say have brought misery and deepened the country’s economic crisis.