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Herman Van Rompuy (R) speaks with Didier Reynders

Troubles mount for EU bid to re-draw economic government

Plans to radically re-draw cross-border economic government across Europe hit a stumbling block on Monday 10 days from a deadline for concrete action set by European Union leaders Full Story


Malaysia's once-vaunted biofuel industry grinds to halt

A worker sorts out oil palm bunches before processing them at a factory in Dengkil, on the outskirts of Kuala Lumpur

Malaysia's once-vaunted biofuel industry has seen production grind to a halt since a March announcement that the government's mandatory switch to the green energy will be delayed to June 2011 Full Story

Sochi Olympic contractor CEO fired for alleged corruption

Russian acrobats form part of the Sochi 2014 performance in Vancouver in February

The chief of a top contractor building infrastructure for the 2014 Winter Olympic Games in the Russian city of Sochi has been fired in a corruption scandal, its holding company announced Monday Full Story

Abu Dhabi's giant wealth fund hires GM's chief economist

The General Motors Company World Headquarters in Detroit, Michigan

Abu Dhabi Investment Authority (ADIA), the world's largest sovereign wealth fund, has hired General Motors' Ted Chu as its chief economist, the investing firm said on Monday Full Story

Tube workers start 24-hour strike

Passengers wait to board an underground train at Liverpool Street Station

Workers on London's Underground train system started a 24-hour strike over staffing cuts on Monday, threatening disruption for millions of commuters Full Story

WTO to issue Boeing subsidies verdict Sept. 15: source

An A320 Airbus aircraft

The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday Full Story

South African public workers suspend strike

Workers have not yet agreed to the government's latest wage offer

South African civil servants have suspended their three-week-old strike, a union leader said Monday, but warned workers have not yet agreed to the government's latest wage offer Full Story

EU budget chief attacks British rebate

 The rebate for Britain has lost its original justification,  Janusz Lewandowski said

The European Union's budget commissioner took a swipe on Monday at the billions of euros which Britain gets back from the EU budget Full Story

Sarkozy faces protest against raising retirement age

Hundreds of teachers demonstrate in the streets of Paris against reforms and proposed job cuts

French teachers went on strike Monday on the eve of a nationwide general stoppage called by trade unions opposed to President Nicolas Sarkozy's plans to raise the minimum retirement age from 60 to 62 Full Story

Anglo Irish Bank won't bankrupt country: minister

Lenihan said a clear course had to be charted for the future of Anglo Irish

Mounting debts in the state-owned Anglo Irish Bank will not bankrupt the country, Irish Finance Minister Brian Lenihan said on Monday as he held talks in Brussels on the future of the bailed-out lender Full Story

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