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RussiaHerald.com Thursday 18th March 2010 Volume 2010/77
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Irish air travellers stay homeIrish air travellers stay home
Air traffic in Ireland has slumped considerably over the past...


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Air Berlin to cut back on Boeing planesAir Berlin to cut back on Boeing planes
Germany's second-biggest airline, Air Berlin, has told Boeing it will no longer need its full order of 787...
Spanish train speeds passengers to Madrid and Barcelona Spanish train speeds passengers to Madrid and Barcelona
In Spain, there has been a shift from driving or flying to train travel, since the high-speed rail connection, the Alta Velocidad Espanola, opened in...
Money comes through for Nord Stream gas pipelineMoney comes through for Nord Stream gas pipeline
A consortium behind the planned Nord Stream gas pipeline from Russia to Europe has managed to secure a 3.9-billion-euro funding...
Hikma Chief Spurns Buyout Offers While Seeking Own Acquisitions
March 18 (Bloomberg) -- Hikma Pharmaceuticals Plc has fended off seven takeover approaches in the past three years, and Chief Executive Officer Said Darwazah says he won’t consider selling the...
U.k. Won’t Delay Hedge Fund Rules For Long, Eu Lawmaker Says
March 18 (Bloomberg) -- Hedge fund and private equity rules haven’t been dealt a lethal blow by delays requested by U.K. Prime Minister Gordon Brown, according to the European Union lawmaker...
Alzheimer Drug Test Result From J&j May Be Pushed Back To 2012
March 18 (Bloomberg) -- One of the most eagerly anticipated studies of a drug for Alzheimer’s disease may not yield results until 2012, two years later than had been...
Conservatives Attack Brown After Boe Makes Bond-yield Comment
March 18 (Bloomberg) -- Britain’s main opposition Conservative Party seized on comments by the Bank of England to attack the government’s handling of the public finances in the latest...
Darling Gets Call From Unions For Tax On Rich In U.k. Budget
March 18 (Bloomberg) -- U.K. labor unions urged Chancellor of the Exchequer Alistair Darling to increase taxes on the rich and delay public-sector spending cuts in the budget he will deliver on March...
U.k. Government Reorganizations Cost $1.2 Billion, Auditor Says
March 18 (Bloomberg) -- Prime Minister Gordon Brown’s government spent more than 780 million pounds ($1.2 billion) on reorganizing its departments with no way of tracking any tangible benefits...
Nz Dlr Near 8-week High Vs Us & #36;, 2-year High Vs Euro
New Zealand dollar firmed near an eight-week high against the U.S. dollar and near a two-year peak against the euro on Thursday, as stronger equities...
Eurozone Hourly Labor Costs Rise By 2.2% In Q4
Hourly labor costs in the Eurozone rose by 2.2 percent in the year up to the fourth quarter of 2009, the European Union (EU)’s statistical bureau Eurostat said Wednesday.According to Eurostat, the...
German Chancellor Defends Economic Management, Suggests Eurozone Ouster Rules
German Chancellor Angela Merkel defended her high deficit budget plan and export strategy amid criticism from home and abroad Wednesday in parliamentary debate, while suggesting eurozone should have...
Eurozone Construction Output Sees Deep Drop In January
Production in the construction sector in the 16-nation Eurozone registered a monthly drop of 2.2 percent in January, the largest since December 2008, the European Union (EU) statistical agency...
Roman Warned Euro Success Doesn't Come Easy
LONDON: Inter Milan manager Jose Mourinho has warned Roman Abramovich that Chelsea may never win the Champions League after the former Blues boss returned to dump his old club out of the...
Zapatero’s Bid To Avoid Greek Fate Hobbled By Spanish Regions
March 18 (Bloomberg) -- Prime Minister Jose Luis Rodriguez Zapatero’s drive to show Spain can avoid Greece’s fate is being held hostage by the country’s regional...
Czechs May Sell Eurobond In March, Jpmorgan, Citibank Predict
March 18 (Bloomberg) -- The Czech government may sell Eurobonds this month to benefit from record-low yields as investor appetite for emerging Europe returns after Greece’s crisis hurt...
Latvian Coalition Walk-out May Provoke ‘ineffective’ Government
March 18 (Bloomberg) -- Latvian political uncertainty precipitated by the walk-out of Prime Minister Valdis Dombrovskis’s biggest coalition partner may trigger “ineffective”...
Special Report: Financing New Energy
Tight budgets have governments trimming subsidies for new energy projects. There could be less private investment amid industry...
European Deficits: It's Not Just Greece
March 17 (Bloomberg) -- The European Union warned that a dozen EU governments including Germany risk missing their deficit targets, a day after finance ministers adopted a bailout framework for...
Euro Skeptic Feldstein Says Greece Might Exit
March 17 (Bloomberg) -- Harvard University Professor Martin Feldstein, who warned almost two decades ago that the euro would prove an “economic liability,” said Greece’s austerity...
London Black Cabs...from China?
March 18 (Bloomberg) -- Geely Automobile Holdings Ltd., the listed unit of the Chinese auto company trying to buy Volvo Cars from Ford Motor Co., may take control of the maker of the iconic London...
Arriva Shares Spike After Takeover Approach
March 17 (Bloomberg) -- Arriva Plc, the operator of Britain’s longest rail route, jumped the most in 15 years in London trading after the bus and train company said it had received a takeover...
Arriva Surges On Takeover Approach; Deutsche Bahn Said To Bid
March 17 (Bloomberg) -- Arriva Plc, the operator of Britain’s longest rail route, jumped the most in 9 1/2 years in London trading after saying it had received a takeover approach from an...
<font Color="#996633" Face="times New Roman,times,times Newroman">imf Official: Euro Zone Needs New Problem-solving Framework</font>
-(Dow Jones)- The euro zone needs a new framework to manage risk and resolve fiscal crises, said Ajai Chopra, deputy director of the International Monetary Fund's European department at a forum...
Merkel: Eurozone Expulsion Should Be Possible
(AP Photo/Michael Sohn)German Chancellor Angela Merkel is seen during her speech at the German Federal Parliament (Bundestag) in Berlin, Germany, Wednesday, March 17, 2010. Chancellor Angela Merkel...
Somali Pirates Accidentally Attack Anti-pirate Warship
Troops aboard the Dutch warship HNLMS Tromp fired warning shots Wednesday off the coast of East Africa as suspected Somali pirates in two small skiffs raced toward their warship, the EU Naval Force...
Greece Keeps Imf Option Alive As Merkel Urges Caution On Eu Aid
March 17 (Bloomberg) -- Greek Prime Minister George Papandreou kept alive the possibility of requesting International Monetary Fund aid as German Chancellor Angela Merkel cautioned against...
Green Energy: When Public Funding Dries Up
Tight budgets have governments trimming subsidies for new energy projects. There could be less private investment amid industry...
Europe's B-schools Are Soaring
That doesn't mean it was easy for graduates to find work during the downturn. The slowdown in financial services and consulting hit especially hard, forcing some students to consider positions in...
Fight For Jobs Easing At Career Offices
With improved offer rates, a pickup in recruiting by banks, and growing MBA interest in nontraditional sectors, placement offices at Europe's top B-schools are more...
Corporate Recruiters Warm To European Mbas
U.S. B-schools have more prestige, but recruiters are acquiring a taste for the language skills, worldliness, and experience of European...
European Mba Programs: Hidden Gems
One of the consequences of the global economic downturn has been a growing conservatism among prospective MBA candidates. Concerned about getting the best return on the substantial investment of...
Cape Town B-school Embraces Social Entrepreneurship
South Africa's oldest and most prestigious business school helps underprivileged students get ahead and teaches entrepreneurship for a continent in...
Weaving Creative Careers Into An Mba Mix
With jobs scarcer in such classic fields as finance and consulting, Europe's MBAs and B-schools are looking into more creative...
Brussels Thumbs Up Cheers Euro Hopeful Bulgaria
The European Commission assessment of Bulgaria's three- year fiscal plan is one of the few positive, which boosts the country's chances of joining the eurozone waiting-room ERM II, insiders from...
London Stock Exchange Quotations 17 March 2010
London - Closing prices in pence on the London Stock Exchange. In brackets movement and percentage change against the previous quotation.FT-100 Index5,644.63(+24.20)(+0.43%)BAT Industries2,234.00(+...
Tension In The Euro Zone: France, Germany Bicker Over Export Surplus
France's finance minister is going on an offensive against Germany's export strength. She has suggested that Berlin reduce taxes to boost domestic demand -- so that Germans can buy more French goods....
Merkel: Make It Possible To Expel Nations From Eurozone
German Chancellor Angela Merkel says there needs to be a mechanism to expel countries from the eurozone if they persistently break its financial...
Italy Sees Self As Resilient To Economic Collapse
be the next to face a crisis? The chronically underachieving nation is saddled with an astonishing level of debt, no real prospect for growth, and a a leader mired in scandal. True to form,...
5 Arrested In British Boy's Abduction In Pakistan
Pakistan and recovered more than 100,000 pounds ($150,000) in ransom money, authorities said Wednesday. Three people were arrested in the town of Constanti, in Spain's Catalonia region, two of whom...
Germany Seeks Imf Role For Greece In Reversal, Lawmaker Says
March 17 (Bloomberg) -- Greece should turn to the International Monetary Fund if it needs aid, the chief finance spokesman for German Chancellor Angela Merkel’s party said, in a reversal that...
Merkel Suggests Evicting Errant Countries From Euro
Greece than the one expressed by some other European leaders, said Wednesday that Europe needed better rules to police its members and tacitly endorsed a proposal to eject wayward countries from the...
Glance-ftse Hits 21-month Closing High; Commodities Lead
cut its rating to 'underweight' noting forecast risks and strategic questions. Security services group G4S was the biggest FTSE 100 decliner, down 4.9 percent after falls on Tuesday following in-line...
German Chancellor Backs Eurozone Exclusions
(RTTNews) - German Chancellor Angela Merkel said Wednesday she supports the implementation of stronger measures among member countries of the eurozone that would allow the group to expel a member...
Merkel Wants Euro Expulsion Option
German Chancellor Angela Merkel says the euro zone must have the option of expelling a member from the club if a country persistently breaks its rules. In light of the fiscal crisis in Greece,...