Euro sceptics across Britain will have more things to be happy about as the UK Independence Party, reputed for its anti-European stance, stole the show at yet another British by-election. The party that has been seeking UK's withdrawal from the European Union ...
The Euro crisis may be started to literally cost lives. Academics behind a major study say that as many as 10,000 people have committed suicide due to economic ruin.
The bailout cash for Athens was unlocked only after it did away 15,000 jobs to meet budget demands set by the IMF and EU. But the mood could get grimmer as the European Commission draws out the unemployment data.
Frustration with austerity is deepening among Europeans as unemployment rate hits new highs. While in France it is 11.5%, in Spain it touched a record high of 27.2%. In Portugal, almost one in five people are out of job. There are protests too against governme...
The diplomatic crisis between India and Italy escalated after the Supreme Court pulled up the Italian envoy over the country's breach of trust and ordered him not to leave India. Italy has sited the Geneva Conventions to seek diplomatic immunity for its envoy....
The Parliament in Cyprus has delayed until Tuesday its decision on whether to allow an EU bailout which will cost citizens millions of their hard-earned Euros. Every bank customer will have their cash taxed. The plan has caused panic over the weekend with peop...
A report by European Union criticizes Israel for illegally annexing East Jerusalem. The report says that Israel's settlement construction is the biggest single threat to the two-state solution. The report also accused that these settlement constructions are ai...
Bruno Verstraete, partner at Lakefield Partners, joins the discussion from Zurich to predict the trades, in relation with European markets. According to him, the political uncertainty has brought back fears for Eurozone's debt crisis. However, European shares ...
Narendra Modi's fan following across the world is on the rise. Few days after the European Union appreciated Modi's leadership skills, the American Democratic leader, FH Faleomavaega has also heaped praises on the charismatic leader. He said that it was only b...
'Nobody's perfect budget', that's how the European Union's new spending plan has been described as leaders cobbled together their new seven-year allocation. The 960-billion-Euro package marks the first time the budget has been cut since the block's inception.
Member of the Conservative Party David Campbell Bannerman says Britian's stand may serve as an example for other European nations who also want flexibility within the European Union.
British Prime Minister David Cameron's speech on European Union has met with alarm in mainland Europe, as most of the countries express concern over UK's move. French Foreign Minister Laurent Fabius said that leaving EU would be dangerous for UK. German Foreig...
In his long-awaited address on European Union and Britain, British Prime Minister David Cameron has promised a referendum on UK's future in European Union, if he wins the next general election. Cameron has made it clear that he would re-negotiate the terms of ...
The ongoing situation in Algeria has caused British Prime Minister David Cameron to indefinitely postpond his much-anticipated speech on the UK's status within the European Union. Cameron had been due to outline his views on UK's relationship with the EU in to...
The British Prime Minister David Cameron is using his nation's membership of the European Union as bait as he looks to carve concessions out of Brussels in a much hyped speech. But the balancing act is hazardous. Eurosceptics fear David Cameron won't go far en...
President of the European Council Herman Van Rompu talks of a deal to reduce Ireland's economic debt, even as it takes up the presidency of the European Council.
The US is concerned about the possibility of UK leaving the European Union. UK Prime Minister David Cameron will deliver a speech on the future of the European policy. There is growing pressure on him to decide whether or not UK should remain part of the EU.
Ireland takes over the reigns of EU and prepares to launch a plan, spanning six months, to bring back growth and jobs, and put the Euro back on track. But Ireland has its own set of economic problems and though there have been no protests on a large scale as s...
The new country taking charge of the European Union's rotating Presidency, Ireland, is now promising to secure economic stability in the region. Ireland is one of the bailed out countries, which bailed out early on to its own debt crisis. Financial analysts no...
Britain's resurgence and the Europe's scepticism is now even getting the United States a bit worried. Washington is now anxious that it could lose its influential ally in the European Union and is even warning of consequences if the United Kingdom leaves the b...
Europe believes that Russia-EU cooperation should be defined by choice and not forced by necessity. This view is also echoed by Russian Prime Minister and President-elect Vladimir Putin, who is in talks with the bloc's leaders in Brussels.
Pan-continental energy issues are likely to gather steam as President Putin heads to Brussels to meet European Union leaders. Europe believes that Russia-EU cooperation should be defined by choice and not forced by necessity. This view is also echoed by Russia...
Almost a quarter of the European population are at the brink of sliding below the poverty line. While some EU citizens are tired of being suffocated by austerity, others are growing weary of continuously having to stretch out a helping hand. Demonstrators arou...
With the European Union mired in economic strife, the scene is far from peaceful as anti-austerity protests and riots sweep the continent. Political and economic analysts believe that the EU's policies have brought disorder.
The European Union's three Presidents have received this year's Nobel Peace Prize for fostering peace in the EU. However, not everyone agrees with this decisions. Hundreds of demonstrators marched to the Norwegian capital in protest. A lot of political analyst...
The Mayor of London wants the UK to significantly reduce its ties with the EU, calling for an in-or-out referendum on membership. The influential Boris Johnson called the single-currency Eurozone a 'calamitous' project. Political analysts claim that the mayor ...
London has called on the UK to significantly reduce its ties with the EU, calling the relationship a 'calamitous project'. Calling for an in-or-out referendum on the EU membership, influential London mayor Boris Johnson asked the UK to survive without the EU's...
David Campbell Bannerman says that he is against a single army under the EU and calls it an attack on national sovereignty. He voted against this at the ongoing EU summit in Brussels.
German Chancellor Angela Merkel warns of the possibility of a no deal at the EU summit's budget talks in Brussels. Britons have a mixed response on whether Britain should be a part of the European Union or if it is better off out of it.
European leaders are trying to work out a budget deal at the EU summit in Brussels. There are opposing opinions about what to cut and what to fund, and whether to increase, decrease or freeze the budget. UK's Prime Minister David Cameron is under immense presu...
Al Gurnov talks to Gazprom's Aleksandr Medvedev about the deal with Bulgaria and the South Stream project that will supply Russian gas to European consumers amidst accusations by the European Union about unfair pricing. Gurnov and Medvedev discuss Gazprom's pa...
While Europeans are bearing the brunt of biting austerity measures, the European Union's main financial institutions seem to be splashing their money. the European Central Bank is spending over a billion dollars building an ambitious double-tower skyscraper fo...
France has been stripped of its AAA-credit rating by Moody's. In another blow to the debt-ridden European Union and the bloc's second-biggest economy, France's credit has now been downgraded for the second time this year. Political and economic analysts believ...
The spate of austerity cuts have driven many European countries to stage protests and strikes, resulting in clashes with police as the European Union sinks into another recession. Protests are in full swing in countries like Spain, Greece, Portugal and Italy.
German chancellor Angela Merkel has visited London for crucial talks with UK Prime Minister David Cameron over the European Union budgets. Angela Merkel tried to convince David Cameron not to veto any increase in spending, which the UK Parliament is insisting ...
British Prime Minister David Cameron has suffered a massive blow from his own party. which revolted against the country's funding of the European Union. Party sceptics joined hands with the opposition and approved the motion, which called for the UK's cash-flo...
Cross Talk | The European Union is in news for all the wrong reasons these days. The Eurozone austerity measures have not gone down well with the people and there are several nationalist movements brewing in the EU. Do we need more unions or should we disband ...
Interview with Sophie Shevardnadze | Professor Max Otte, politics and business expert, speaks on the detrimental economical situation in the European Union. Otte believes that this situation might go on for a while, as the current problems in the EU arise from...
Ratings giant Moody’s Investors Service has slashed down credit ratings of four Spanish regions. The government is looking for ways to keep Spain afloat. There are speculations that Spain may request European Union for a lifeline.
The proposed change to the EU fiscal policy will permit Brussels to tell member states how to spend their money. The Chairman of the Libertarian Party of Netherlands claims that this move will endanger the European people.
European leaders have agreed on a deal that will bring centralised banking supervision to the continent. The controlling body will be gradually fazed-in over the course of two years. Regulating close to 6000 banks, budgetary union and aid to banks bypassing so...
The growing dissidence among the people of Europe becomes more evident with thousands of protesters taking to the streets with their anti-austerity strikes and marches. Despite the strikes, German Chancellor Angela Merkel has called for a move that will allow ...
A huge general strike takes place in Greece, following another round of austerity measures by the EU. Thousands of protesters took to the streets and staged demonstrations against the new £10 billion spending cut. The debt crisis in the European nations broke...
The European Union has now denied that it did not ban any Iranian channels. The EU has said that it was the network's choice and it was not enforced by the union. The ban on Iranian channels coincides with the strict sanctions against Iran and several opine th...
The growing dissidence among the people of Europe becomes more evident with thousands of protesters taking to the streets with their anti-austerity strikes and marches ahead of the Brussels summit. Despite the strikes, German Chancellor Angela Merkel has calle...
Nineteen Iranian state-run television and radio stations have been taken off the air in the European Union. The decision taken by a leading European satellite provider follows a tightening of sanctions against Iran by European officials. The measures targeting...
The European Union is likely to tighten the screws on Iran over its nuclear programme. The new financial sanctions will ban EU metal sales to the country, halt import of Iran's natural gas and will also place various restrictions on oil shipments in the region...
Analysts and investment advisers from around the globe believe that the economic strategies of the leading economies in Europe are likely to drag the entire region into a financial slump. While Spain and Greece are struggling to keep their heads above water in...
The anti-austerity protests, which have swept across the European Union, have been dubbed a wake up call for the world against financial restrictions. The epicentre of the demonstrations, Europe, received the Nobel Peace Prize this week. The news was, however,...
Marred by a devastating debt crisis, mass protests and the rise of radicalism, the European Union has, however, been awarded the Nobel Peace Prize for sowing peace across Europe. The reaction to the declaration of the Nobel Peace Prize has not been welcoming a...
International investor and author James Roger says that the Peace prize might actually bring more tension in Europe. He says that nobody would even remember the Peace prize when social unrest grows. He is of the opinion that Europe spends more than it can affo...
While the Nobel Peace prize has been awarded to European Union (EU) for 'promoting peace and reconciliation in Europe', not everyone is happy about it. The EU is so strictly regulated that it has even been seen as an attempt to curb democracy. The prize win is...
For its successful attempt at 'promoting peace and reconciliation in Europe', the European Union (EU) has been awarded this year's Nobel Peace prize. While many Europeans have hailed the decision, not many share the the joy. Several are of the opinion that the...
Interview with Sophie Shevardnadze | In this edition, Daniel Hannan, a Conservative member of the European Parliament talks about how lack of democracy makes public opinion tough to overcome. Many constituents see EU as completely undemocratic and an ordinary ...
European Union, which at one point proved to be a real magnet for Ukrainian workers, is not attracting as many workers as before. In fact, a lot of people are fleeing the European Union in an attempt to outrun the economic crisis. Here's a report on the revers...
The Prime Minister of Luxembourg Jean-Claude Juncker speaks to Al Gurnov about keeping the Euro afloat. As the President of the Euro Group, he is involved in the process of stabilising the Euro and is dubbed in the media as 'Mr Euro'. He calls the current cris...
Over 300 Indian students in UK face deportation after UK Border Agency revoked London Metropolitan University's license to admit students from non-European Union countries. The cancellation of University's license comes in the wake of investigation by Border A...
India has sought the help of anti cyber warfare forums of European Union and United Nations to locate the IP addresses in Pakistan with the intention of tracking down the origin of hate messages that created unrest in India resulting in the mass exodus of peop...
Global Business Report speaks to Jeremy Batstone-Carr, Director-Research, Charles Stanley, on whether the ECB will be forced to cut rates based on monetary action from China, the Euro debt crisis, if Monti's actions are resolving the crisis or making it more d...
The External Affairs Ministry is coordinating with the Ministry of Home Affairs, after the latter questions the Nagaland visit of EU Ambassador without a valid clearance.
The G20 group of nations is close to setting up a $ 2 trillion rescue fund by merging ESFS and ESM, but wants Europe to strengthen its war chest first.
The man who predicted collapse of US housing market, economist Nouriel Roubini, talks about eurozone debt crisis and his outlook for Indian economy in the year 2012.