EU summit: Averts split with deal to bail out Spanish, Italian banks

  The two-day European Union summit concluded Thursday with an agreement, reached after 14 hours of acrimonious talks, to provide short-term relief to besieged Spanish and Italian banks by allowing the EU bailout fund to directly aid euro zone banks. Previously, the rules governing the 500 billion-euro European Stability Mechanism (ESM), slated to come on... Continue Reading →

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Putin in China to cement key alliance

  Putin in China to cement key alliance Russian President Vladimir Putin arrived in China on Tuesday for a three-day visit aimed at bolstering a crucial alliance that has seen the giant neighbours block further action against Syria. Both energy and foreign policy cooperation are high on the agenda, with Putin also participating in a... Continue Reading →

G8 leaders tout economic growth, fiscal responsibility

he 10 members of the G8 Summit pose for a group portait at Camp David, Maryland. Left to right: European Commission President Jose Manuel Barroso, Russian Prime Minister Dmitry Medvedev, Japanese PM Yoshihiko Noda, Canadian PM Stephen Harper, French President Francois Hollande, U.S. President Barack Obama, German Chancellor Angela Merkel, British PM David Cameron, Italian... Continue Reading →

Human rights situation in India poor

Human rights situation in India poor, says global watch body The situation is compounded by widespread impunity for abuses New Delhi: Human rights issue should be a central part of the discussions at the European Union-India summit on strategic partnership commencing tomorrow in Delhi, Human Rights Watch said today. The presidents of the European Council... Continue Reading →

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