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  • German Chancellor Merkel and Greek Prime Minister Tsipras address news conference in Berlin
    Greece sends updated reforms, pledges to pay IMF on time Reuters - 11 hours ago

    By Renee Maltezou and Costas Pitas ATHENS (Reuters) - Greece sent an updated list of reforms to lenders on Wednesday to try to unlock financial aid and avoid a default but euro zone officials said more …

    German Chancellor Merkel and Greek Prime Minister Tsipras address news conference in Berlin

    By Renee Maltezou and Costas Pitas ATHENS (Reuters) - Greece sent an updated list of reforms to lenders on Wednesday to try to unlock financial aid and avoid a default but euro zone officials said more work was needed before new funds could be released. Greece is weeks away from running out of cash but its euro zone and …

  • Lufthansa CEO ignores barrage of questions on pilot's depression Reuters - 20 hours ago

    Lufthansa's boss declined to answer a barrage of questions on Wednesday on what the airline knew of the mental health problems of Andreas Lubitz, the pilot believed to have deliberately crashed a plane …

    Lufthansa aircraft flies past the headquarters of Germanwings during take-off from Cologne-Bonn airport

    Lufthansa's boss declined to answer a barrage of questions on Wednesday on what the airline knew of the mental health problems of Andreas Lubitz, the pilot believed to have deliberately crashed a plane in the French Alps last week. The German carrier said on Tuesday it had uncovered emails showing that Lubitz, who flew …

  • European factories buoyant but weak Asia adds to stimulus calls Reuters - 21 hours ago

    Any indication of recovery will delight the European Central Bank which embarked on a quantitative easing programme in March, aiming to buy around 60 billion euros of bonds every month to drive up inflation …

    File picture of employees working at a steel factory in Dalian

    Any indication of recovery will delight the European Central Bank which embarked on a quantitative easing programme in March, aiming to buy around 60 billion euros of bonds every month to drive up inflation and spur the recovery. Another cut in interest rates might be on the cards," said Philip Shaw, chief economist at …

  • Korean Air chief's daughter seeks leniency in 'nut rage' appeal Reuters - 22 hours ago

    By Ju-min Park SEOUL (Reuters) - The former Korean Air Lines executive jailed for her outburst over in-flight service, known as the "nut rage" case, asked for leniency during an appeal hearing on Wednesday …

    Heather Cho, daughter of chairman of Korean Air Lines, Cho Yang-ho, is surrounded by media upon her arrival at the Seoul Western District Prosecutor's Office in Seoul

    By Ju-min Park SEOUL (Reuters) - The former Korean Air Lines executive jailed for her outburst over in-flight service, known as the "nut rage" case, asked for leniency during an appeal hearing on Wednesday as she sought to reduce her one-year prison term. Heather Cho, the daughter of the airline's chairman, was sentenced …

  • Greece fails to reach initial deal on reforms with lenders Reuters - Tue, 31 Mar, 2015 11:52 AM EDT

    Greece failed to reach an initial deal with the European Union and the IMF to unlock aid after the creditors dismissed a package of reforms from Athens as ideas rather than a concrete plan, officials said …

    Pigeons fly over a fluttering Greek national flag in Athens

    Greece failed to reach an initial deal with the European Union and the IMF to unlock aid after the creditors dismissed a package of reforms from Athens as ideas rather than a concrete plan, officials said on Tuesday. The lack of a deal further raises pressure on Athens, which faces the prospect of running out of money …

  • UK growth revised higher at end of 2014, boosted by exports Reuters - Tue, 31 Mar, 2015 5:50 AM EDT

    By Andy Bruce and William Schomberg LONDON (Reuters) - Britain's economy expanded at a faster pace than previously thought at the end of last year, helped by strong growth in exports, a boost for Prime …

    A transporter lorry drives between shipping containers stacked at the port of Felixstowe in south east England

    By Andy Bruce and William Schomberg LONDON (Reuters) - Britain's economy expanded at a faster pace than previously thought at the end of last year, helped by strong growth in exports, a boost for Prime Minister David Cameron before a national election on May 7. Finance minister George Osborne also seized on data on Tuesday …

  • German unemployment rate hits record low in March Reuters - Tue, 31 Mar, 2015 5:16 AM EDT

    Germany's jobless rate hit a record low of 6.4 percent in March, data showed on Tuesday, in a positive sign for private consumption which is expected to drive growth in Europe's largest economy this year. …

    Passengers walk inside Berlin's central railway station

    Germany's jobless rate hit a record low of 6.4 percent in March, data showed on Tuesday, in a positive sign for private consumption which is expected to drive growth in Europe's largest economy this year. The number of people out of work decreased by 15,000 on a seasonally-adjusted basis to 2.798 million, data from the …

  • Lufthansa insurers set aside $300 million to deal with possible costs of Germanwings crash The Canadian Press - Tue, 31 Mar, 2015 4:59 AM EDT

    BERLIN - Lufthansa says its insurers are setting aside $300 million to deal with possible costs resulting from last week's crash of a Germanwings jet in the French Alps, in which 150 people died.

    A French rescue worker inspects the debris from the Germanwings Airbus A320 at the site of the crash, near Seyne-les-Alpes, French Alps

    BERLIN - Lufthansa says its insurers are setting aside $300 million to deal with possible costs resulting from last week's crash of a Germanwings jet in the French Alps, in which 150 people died.

  • Greek PM says wants 'honest compromise' but not at any cost Reuters - Mon, 30 Mar, 2015 5:02 PM EDT

    By Lefteris Papadimas and Renee Maltezou ATHENS (Reuters) - Prime Minister Alexis Tsipras on Monday appealed for an "honest compromise" with lenders but warned Greece would not agree to an "unconditional" …

    Greek national flags are displayed for sale at a one-Euro shop in Athens

    By Lefteris Papadimas and Renee Maltezou ATHENS (Reuters) - Prime Minister Alexis Tsipras on Monday appealed for an "honest compromise" with lenders but warned Greece would not agree to an "unconditional" one, after its biggest creditor demanded it do more to show commitment to reform. With its cash coffers emptying rapidly, …

  • Soros says ready to invest $1 billion in Ukraine if West helps Reuters - Mon, 30 Mar, 2015 2:16 PM EDT

    George Soros is ready to invest $1 billion in Ukraine if Western countries help private investment there, and sees a 1 in 3 chance Greece will leave the euro, the billionaire financier told Austrian newspaper …

    Soros, Chairman of Soros Fund Management, speaks during the session 'Recharging Europe' in the Swiss mountain resort of Davos

    George Soros is ready to invest $1 billion in Ukraine if Western countries help private investment there, and sees a 1 in 3 chance Greece will leave the euro, the billionaire financier told Austrian newspaper Der Standard. Soros has previously urged the West to step up aid to Ukraine, outlining steps toward a $50 billion …