Europe

German group stirs global Muslim anger with 'anti-Islamisation' conference

London, Sept. 19: A German far right group has stirred Muslim anger worldwide by holding a three-day "Anti-Islamisation Conference" to protest against the construction of mosques and Muslim immigration.

Prominent members of Europe's far right, including French "Front National" leader Jean-Marie le Pen and Belgian far-right politician Filip Dewinter, have said they will attend the meeting in Cologne which is aimed at forging a European alliance against "Islamisation."

A Times report says that the conference will include a rally in the centre of Cologne tomorrow which police say could lead to clashes with left-wing groups that plan a counter-demonstration.

More English speakers, but not enough good ones, Brussels laments

Leonard OrbanBrussels  - More and more people learn English every year, but fewer and fewer of them are good enough at it to act as interpreters, the European Union's languages tsar lamented Thursday.

"There is a paradoxical situation here: there are more and more people speaking English nowadays, and at the same time it's harder and harder to find people worldwide - not just in the EU - who can provide interpretation into or from English," EU Multi-lingualism Commissioner Leonard Orban told journalists in Brussels.

US, Europe must confront Russian aggression, Rice says

Condoleezza RiceWashington- US Secretary of State Condoleezza Rice says the United States and Europe must "stand up to" Russian aggression and convey to Moscow that it has become increasingly isolated in world affairs.

Rice is to deliver a speech in Washington later Thursday on Russia. The speech comes as relations between Washington and Moscow reached the lowest point since the end of the Cold War following Russia's invasion of Georgia last month.

Brussels calls for liquidation of Maltese shipyards

Valletta - The European Commission is increasing pressure on the Maltese government to declare its ailing shipyards bankrupt and liquidate the state-owned company before continuing with the privatization process, The Times of Malta reported Thursday.

Commission sources told the newspaper: "Under normal circumstances, a company that is no longer viable and is registering losses - like Malta Shipyards is - should be declared bankrupt and put to liquidation."

However, the same sources said Brussels would not impose its views on the government as long as the privatization process would not involve further state aid.

Central banks intervene in foreign exchange markets

Central banks intervene in foreign exchange marketsFrankfurt - Major central banks have intervened in foreign exchange markets to improved liquidity, a statement early Thursday from the European Central Bank (ECB) in Frankfurt said.

It said the concerted move aimed to ease strains in worldwide exchange of dollars. Together with other moves by individual central banks in recent days, it would improve liquidity on world financial markets.

The participating banks were the ECB, the Bank of Canada, the Bank of England, the US Federal Reserve, the Bank of Japan and the Swiss National Bank.

Hindustan Sanitaryware Eyes At Acquisition In Europe

With the view to diversify its business footprints in the international business arena, Hindustan Sanitaryware and Industries (HSIL) has announced that it is eyeing to acquire a company in Europe.

According to the sources, the proposed acquisition will be the company’s first ever overseas venture for which it has recognized three Europe-based conglomerates.

The sources further revealed that through the acquisition, the company is hoping to apply the innovative overseas technological development in the field of sanitary products in its domestic operations.

The company has also drawn its road map to foray into new export markets such as New Zealand, South America and Singapore which will boost their export business.

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