New auto registrations in the EU have been in continued decline for 14 months. In November, they were down 10.3% when compared to November of 2011. While the UK has not had a decline of this sort, almost all of the other EU countries have. Sales have been down 3.5% in Germany, 19.2% in France,…
Category Archives: Regional News
EU Receives Nobel Peace Prize Today
Today, the EU will receive the Nobel Peace Prize in a move that has everyone talking. While accepting the prize on Monday in Oslo, Norway, the three presidents of the EU’s main bodies will represent the entire EU for, as the Norwegian Nobel Committee has explained it, “for over six decades contributed to the advancement…
EU Climate Commissioner Thrilled with Australia
EU Climate Commissioner Connie Hedegaard showed her excitement when Australia recently signed up for a second round of emission reductions with the Kyoto Protocol. Neighboring New Zealand, however, is joining a separate convention and forgoing the Kyoto choices. New UN climate negotiations are scheduled to start in Qatar this month with a planned discussion of…
The Race to Invest in Greece’s OPAP
Greece is set to sell off a number of major assets in an effort to curb their drastic recession and stick to their austerity plan. The first major sales will include gambling company OPAP, state gas business DEPA and a number of real estate projects. These sales are projected to be completed as early as…
Meeting Between ASEAN & The EU
Today, the finance ministers who come from the countries of the Association of South Eastern Nations (ASEAN) will meet in Bangkok with those from the EU. The goal of the meeting is to increase trade and investments between the two as the EU attempts to exit from the Eurozone’s sovereign debt crisis. The expectation is…
List of Top 50 Most Successful Authors in Britain
Should you wonder who the wealthiest authors in Britain are, wonder no more. The Bookseller recently drew up a list of Britain’s 50th most successful authors of all time. And some of these are certainly not a surprise. JK Rowling tops the list with sales that have reached more than £237.6million Second in line is…
German Real Estate New Safe Haven for Investors
German Bunds may still be considered safe havens despite their recent low and negative returns as investors continue to seek low risk assets. According to CNBC, however, “investors are flocking to the German real estate market, lured by steadily rising house prices, low mortgage rates and a stable macroeconomic outlook.” Dr. Frank Porschke of Jones…
Investment Bankers Throughout the Eurozone Prepare for Job Cuts
The Eurozone’s ongoing debt crisis has pushed mergers and securities fees to a nine-year low, and investment bankers in the region are bracing themselves for yet another bout of job cuts. According to the Daily Star, “Credit Suisse Group AG and UBS AG, Switzerland’s biggest lenders, face the most pressure to boost efficiency as that…
European Referendum Results Relieve Europe
Europe’s recent referendum result has been met with general approval; with German chancellor Angela Merkel saying it proves “good news for Ireland and for Europe.” She explained that it boosts the process of establishing a permanent stability union in Europe, though the long-term outcome will not be apparent overnight. The Irish votes revealed their willingness…
Danish Prime Minister Calls for More Green Energy Investments, Not Less
Experts in wind-power as well as politicians throughout Europe aim to boost green energy by encouraging clearer regulations and increased investment despite the region’s continuous struggle with the debt crisis. Danish Prime Minister Helle Thorning-Schmidt opened this year’s European Wind Energy Association event, explaining that wind power should be a primary focus as a source…
