Europe News

  • Japan's huge pension fund to boost share purchases

    TOKYO (AP) — Japan's $1.1 trillion public pension fund on Friday approved a plan to double its holdings of shares and cut back sharply on bonds to help improve investment returns and meet its obligations to a swelling number of retirees.

    Associated Press12 mins ago
  • Russia: Natural gas will flow after Ukraine pays

    MOSCOW (AP) — Russia will resume shipping natural gas to Ukraine after Kiev pays off its first debt installment for past supplies of gas next week, officials said Friday.

    Associated Press32 mins ago
  • Japan stocks soar 5 percent, yen falls on stimulus

    SEOUL, South Korea (AP) — Japan's stock benchmark surged 5 percent to the highest level since late 2007 and the yen slid against the dollar Friday after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economy. Expectations Japan's $1.1 trillion public pension fund would…

    Associated Press
  • Switzerland: IS suspects arrested over attack plan

    GENEVA (AP) — Prosecutors say three people suspected of supporting the Islamic State group and thought to have been planning an attack in Europe were arrested in Switzerland earlier this year.

    Associated Press
  • China says nets 180 graft suspects in overseas manhunt

    BEIJING (Reuters) - China says it has captured 180 people suspected of committing economic crimes as part of an aggressive anti-corruption campaign targeting suspects who have fled abroad, state news agency Xinhua reported. The campaign, dubbed Operation Fox Hunt, included the arrests of 104…

  • Budweiser owner InBev profits up 5.5 percent in Q3

    AMSTERDAM (AP) — AB InBev SA, the world's largest beer maker, has reported a 5.5-percent increase in earnings for the third quarter, as higher selling prices more than made up for volume declines in Europe and Asia.

    Associated Press
  • Ukraine, Russia, EU agree to natural gas supply deal

    By Alastair Macdonald and Philip Blenkinsop BRUSSELS (Reuters) - Ukraine, Russia and the European Union signed a deal on Thursday that will see Moscow resume vital supplies of gas to its ex-Soviet neighbor over the winter in return for payments funded in part by Kiev's Western creditors. After…

  • Ukraine, Moscow clinch deal on Russian gas supply

    BRUSSELS (AP) — Moscow and Kiev on Thursday clinched a multi-billion dollar deal that will guarantee that Russian gas exports flow into Ukraine and beyond to the European Union throughout the winter despite their intense rivalry over the fighting in eastern Ukraine.

    Associated Press
  • Israel pledges to reopen Jerusalem flashpoint

    Israel shut the Al-Aqsa mosque compound Thursday then promised to reopen it, after clashes in east Jerusalem where police killed a Palestinian accused of trying to murder a hardline rabbi. Police spokeswoman Luba Samri told AFP the shrine would open early Friday "for dawn prayers, after midnight"…

  • Sweden recognises Palestinian state, Israel recalls envoy

    Sweden on Thursday officially recognised the state of Palestine, becoming the first EU member in western Europe to do so, prompting Israel to recall its ambassador to Stockholm. We're choosing the side of the peace process," Swedish Foreign Minister Margot Wallstroem told reporters as she…

  • 'Hope waning' for trapped Turkish miners

    Hopes are fading of saving 18 miners trapped by a flood in a mine in southern Turkey, the energy minister acknowledged Thursday, blaming negligence for the country's latest mining tragedy. I have to tell you that hope is waning concerning our 18 worker brothers," said Energy Minister Taner Yildiz,…

  • Central Europe, Britain oppose Ukraine rebel vote

    BRATISLAVA, Slovakia (AP) — The foreign ministers of four Central European countries and Britain have condemned a plan by pro-Russia insurgents in eastern Ukraine to hold local elections.

    Associated Press
  • Sweden recognizes Palestinian state, hopes will revive peace process

    By Simon Johnson STOCKHOLM (Reuters) - The Swedish government officially recognized the state of Palestine on Thursday and said there were signs European Union states would follow its lead. The move drew praise from Palestinian President Mahmoud Abbas and criticism from Israel, and has displeased…

  • EU holds largest-ever cyber-security exercise

    ATHENS, Greece (AP) — The European Union on Thursday carried out its biggest exercise to prevent cyber-attacks on Europe's public utilities and communications networks.

    Associated Press
  • Jerusalem on edge after police kill Palestinian gunman

    Clashes raged in east Jerusalem Thursday after Israeli police shot dead a Palestinian accused of trying to kill a Jewish hardliner, as Al-Aqsa mosque compound was closed for the first time in decades. Israel said its closure of the flashpoint shrine, which is holy to Jews and Muslims alike, was a…

  • US stocks are mixed in midday trading

    NEW YORK (AP) — U.S. stocks drifted in Thursday trading as a parade of big companies turn in quarterly results. The Dow Jones industrial average climbed more than 100 points, almost entirely thanks to a strong gain for Visa, the Dow's highest-priced stock.

    Associated Press
  • East Ukraine separatists hold vote to gain legitimacy, promise normalcy

    By Thomas Grove and Gabriela Baczynska DONETSK Ukraine (Reuters) - On a campaign trip, the leader of the self-proclaimed Donetsk People's Republic lit candles at a Russian Orthodox Church and kissed icons of Jesus and the Virgin Mary before dashing off to meet about 100 voters in a local factory.…