Europe

NATO condemns "cowardly" terrorist attack in Cairo

NATO officers reject order to fight drug gangs Brussels - NATO on Monday condemned "in the strongest possible terms" the terrorist attack in Cairo that killed a French woman and injured several Europeans and Egyptian civilians.

"There can be no justification for this cowardly and pointless attack," NATO Secretary General Jaap de Hoop Scheffer said in a statement issued by the alliance's headquarters in Brussels.

VW cuts production as Opel's future hangs in the balance

Porsche and Lower Saxony both raise Volkswagen stakes

VP Bank Group reports 2008 losses

VP Bank GroupVaduz - Lichtenstein's VP Bank Group said Monday it lost 80.3 million Swiss francs during 2008, after being forced to take writedowns due to the financial crisis.

The group said it would reduce operating expenses in 2009 by at least 10 per cent.

In a statement the bank said it had to write down 117 million francs in the income statement and 55.3 million of shareholders' equity.

The financial crisis pushed the bank to offer capital protection for clients invested in VP Bank's cash and money market funds, adding some 68.1 million francs to the 2009 financial statement.

Mourinho says Man-U is football kings thanks to him

Chelsea's title hopes suffer another blow; Villa third London, Feb. 23 : Ex-Chelsea coach Jose Mourrinho believes he deserves credit for turning Manchester United into European champions.

Mourinho claims his reign at Chelsea made United up their game, resulting in them winning back the Premier League and Champions League.

Global Warning Increases Hospitalizations For Respiratory Problems – A Study

Global Warning Increases Hospitalizations For Respiratory Problems – A Study The data from study of 12 European cities from Dublin to Valencia disclosed that temperatures increase during the summer may increase the number of hospitalizations for respiratory problems, especially among elderly people.

The data comes from a European project known as the “Assessment and Prevention of Acute Health Effects of Weather Conditions in Europe” (PHEWE).

Economic shakeout hits Eastern Europe

Economic shakeout hits Eastern EuropeBerlin  - The leaders of Europe's major economies are hoping to hammer out plans this weekend to face up to the global recession against the backdrop of a deepening sense of economic gloom in Eastern Europe and a shakeout in the region's currencies.

After a dramatic sell off in currencies and shares earlier in the week, a fragile calm returned to Eastern European markets Thursday on hopes that Sunday's meeting will deliver a blueprint for addressing the slump and overhauling financial markets.

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