Vancouver company defends Greek gold mine project
A Vancouver mining company says its planned gold mine in Greece that has spurred local opposition isn’t a threat to the environment. Thousands of demonstrators took to the streets Saturday in Greece’s second largest city of Thessaloniki to protest the Eldorado Gold Corp. mine set to operate east of the city. Eldorado vice-president Nancy Woo [...]
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Bank compensation up in 2012 despite cutback efforts
LONDON (Reuters) – Compensation at the world’s biggest banks rose last year, with 35 of them spending a combined 10 billion euros ($13.1 billion) more on staff than in 2011, figures compiled by Reuters show. Bankers’ remuneration has rarely been out of the spotlight over the last five years, as the industry’s powerhouses were rescued [...]
The Secret Finances Of The Vatican Economy
The Vatican is not normally the subject of breaking news, but when a Pope decides to step down, that’s big news; the last time it happened was around the time when Johannes Guttenberg invented the printing press in the 15th century, 300 years before the United States was born.The news has put the spotlight on [...]
Global markets rise after China announces spending priorities
By Pamela Sampson, The Associated Press BANGKOK - World stock markets rose Tuesday as investors registered approval for China’s spending priorities announced at its annual congress. Markets in Hong Kong and mainland China drew encouragement from a speech by outgoing Premier Wen Jiabao and presentation of the country’s budget at the opening of the annual [...]
Ukraine Seeks Pipe Lease Reduction From Gazprom in Meeting with Putin
Monday March 4, 2013, 11:58am PST Bloomberg reported that Putin is meeting with Ukrainian leader Yanukovych to discuss the Ukraine’s request to reduce gas pipe lease prices from OAO Gazprom (GAZP). As quoted in the market report: Ukraine plans to lease the network of pipes that ships Russian gas to the European Union to guarantee [...]
Amid dismal economy, European carmakers will need to knuckle down at Geneva Motor Show
By Sarah Dilorenzo, The Associated Press PARIS - The Geneva Motor Show has long had a reputation as one of the glitziest stops on the global auto show circuit—- the place to unveil luxury models and out-of-this-world fantasy concept cars. But this year the dire state of the European auto industry will hang over the [...]
Euro zone jobless rate hits record 11.9%
Unemployment across the 17 European Union countries that use the euro has risen to a record 11.9 per cent but inflation has fallen to its lowest level in two and a half years, official figures showed Friday. Eurostat, the EU’s statistics office, said nearly 19 million people are unemployed in the eurozone following an increase [...]
Canada-EU trade deal held up by text on investor rights
A set of leaked documents obtained by The Canadian Press show Canada and the European Union are still far apart in deciding how much power investors should have under their pending free-trade agreement. A Feb. 7 draft of the investment text shows both countries are proposing ways to ensure foreign investors don’t use the agreement [...]