Europe

Google Marketshare At 65% In U.S. As New "Odd" Privacy Rules Create Legal Challenges

Submitted by News Desk 2 on Tue, 04/02/2013 - 11:33

Google is under the microscope for its new combined global privacy policy in several countries who say the policy is "odd" and does not really say anything other than that it will do what it wants.

Six of Europe's largest countries are jointly suing Google after it rolled out a new global combines privacy policy in 2012 saying it is vague, unclear, and that users don't really know what information Google is collected, how they can use it or how long they can hold onto it.

Horse Meat Scandal In Europe Growing To Schools

Submitted by News Desk 3 on Sat, 02/16/2013 - 13:40

The horse meat scandal in Europe is growing larger by the day. Officials in England have confirmed that a dish served in 47 schools was pulled after tests confirm the presence of horse meat. Over the past week horse meat was found in meals labeled as beef sold in supermarkets in Britain, France, Sweden, Switzerland, Germany, and Ireland.

Additionally official in Ireland last month found both Horse and Pig meat in hamburger products. This being a large concern for Muslims and Jews who’s religion forbids the consumption of pork. Additionally Jewish dietary law forbids the eating of horse.

European Leaders Call Off Budget Talks With No Agreement After Several Countries Balk At Deep Cuts

Submitted by News Desk 2 on Fri, 11/23/2012 - 13:18

European Leaders have failed to reach a budget deal and ended their conference early citing the improbability of an agreement with several nations balking at the deep cuts Germany and Britain have proposed.

E.U. Council President Herman Van Rompuy said that while an agreement now seemed unlikely, he believes a deal can be reached when they meet again in early 2013.

Leaders are trying to agree on the new seven year 2014-2020 budget.

More Violent Strikes Across Europe Protesting Budget Cuts And Tax Increases

Submitted by News Desk 2 on Thu, 11/15/2012 - 06:13

Much of Europe remained mired in a strike today that has seen strikes and violent protests spread from Spain, Portugal, Italy and Greece to countries like France, Belgium and Germany.

Demonstrators have been unhappy with deep government cuts to government pensions, salary cuts to government jobs, and tax increases on everyone, some so steep, as much as 55%, it forced bankruptcies and suicides for those with no savings and already living on the end.

Europe Going Back Into Recession, France Says It Will By The End Of 2012

Submitted by News Desk 2 on Fri, 11/09/2012 - 18:11

European leaders are fearing another recession for the continent as France's central back says it will likely slide back into recession by the end of 2012.

The Bank of France said that it expected growth to shrink by another .01% in the last quarter of 2012, and that is already on top of the .01% it previously announced.

France's new government is caught between making budget cutbacks to meet European Union debt requirements or spend more and risk damaging its ratings with other countries.

Ford Is Closing 2 Assembly Plants, Discussing A Third, Displacing Up To 5,000

Submitted by News Desk 2 on Thu, 10/25/2012 - 10:57

Ford has announced that it is closing two factories affecting up to 5,000 employees and is in talks to possiby close a third plant.

News of the European closures come as auto sales across Europe are at a 20 year low and the E.U. continues in deep recession.

The Southampton Transit van factory in Britain and a stamping plant in Dagenham are slated to close nexr year ad Ford adjusts to lower demand and lower sales in Europe.

Ford is also in duscussions to close its factory in Genk, Belgium which makes the Mondeo and S-Max models, both cars that target the European market.

E.U. Close To Imposing Harsher Sanctions On Iran

Submitted by News Desk 2 on Fri, 10/12/2012 - 16:19

Brussels-

European nations are closer to imposing new and harsher sanctions on Iran including a ban on most financial transactions, exporting metals and graphites -crucial in steel-making to Iran and import ban on natural gas from Iran.

The agreement is likely to pass on Monday when Foreign Ministers gather in Brussels to vote on the sanctions.

An EU diplomat, speaking on condition of anonymity, said the new measures include a ban on financial transactions, with some exceptions for those involving humanitarian aid, food and medicine purchases and provisions for legitimate trade.

Iran Arrests 16 "Main Players" As Its Rial Value Plummets Causing Riots

Submitted by News Desk 2 on Thu, 10/04/2012 - 13:35

As the value of Iran's currency, the Rial, continues to fall to historic lows due to sanctions and riots break out, state security services have arrested 16 people it says have been manipulating the Rial.

The Iranian judiciary said those arrested "had used an atmosphere of psychological war created by the enemy" and colluded with "certain domestic and foreign groups" to exacerbate conditions."

Ahmadinejad, in a speech this week, also said blamed "22 ringleaders" who the country's intelligence services have determined are causing tension and manipulating currency.

U.S. Companies Are Pulling Money Out Of Europe In Fear Of The Euro Collapsing

Submitted by News Desk 2 on Sat, 06/23/2012 - 00:13

New York City -

At nearly ever major corporation with operation in multiple countries, a recent poll by Fireapps found that as much as 88% are actively preparing plan in case the Euro collapses, as many fear its possibility. Fireapps consults for many of the Fortune 500 companies in the United States.

Among the most common plans are moving money every day out of European markets and into other more stable centers. The constant movement of large funds are futher putting Europe one step closer to a financial implosion.

Dow Suffers 2nd Worst Drop Of The Year; Closes Down 250.82 Points

Submitted by News Desk 2 on Thu, 06/21/2012 - 16:23

New York City -

The Dow closed down 250.83, or -1.96%, the second worst day of the year on the stock market, as fears of trouble in Europe continue, poor economic reports. The Nasdaq dropped 71.36, and all sectors of the S&P 500 fell as well. This is the second time in just three weeks that the Dow has dropped more than 250 points in one day.

Investor were dismayed that the Federal Reserve offered nothing new for the market other than to continue selling short-dated bonds in order to buy buy longer term securities, despite many expecting the Fed to act more decisive.