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EU finance ministers discuss Cyprus bailout

European finance ministers are gathering to discuss a long-delayed bailout for Cyprus amid demands from creditor nations that the island nation commit to privatizations and greater transparency in its financial sector. France's Pierre Moscovici said ahead of the meeting of the 17-nation eurozone's finance ministers Monday the talks will specifically include the issue of anti-money-laundering policies and their implementation.

 

Euro Watch: Euro Zone Unemployment Rose to New Record in February

The data is likely to put pressure on the European Central Bank to cut interest rates at its next meeting.

 

Britain heads for new recession as factories slump and mortgage lending slides

British Economy

The risk that Britain is entering its third recession in four years grew on Friday with figures showing that manufacturing shrank unexpectedly last month and mortgage approvals for home buyers dropped in January.

 

TripAdvisor voters crown Italian beach as world's best

Rabbit Beach

A remote beach in Sicily, Italy, was named on Thursday as the best beach in the world by a survey of travelers, while a UK beach managed to sneak into the top 10.

 

Hackers use Adobe to target European governments: experts

Hackers targeted dozens of computer systems at government agencies across Europe in a series of attacks that exploited a recently discovered security flaw in Adobe Systems Inc's software, security researchers reported on Wednesday.

 

Cuba says cigar sales $416 million last year

Cuban cigar sales rose last year despite the ongoing economic crisis in some of the most important European markets including No. 1 buyer Spain, state-run tobacco company officials said Tuesday....

 

Amsterdam to raise legal age for prostitutes

Amsterdam plans to raise the minimum age for prostitutes from 18 to 21 and force brothels to close during early morning hours....

 

Stocks plunge on Italian election results

Stocks had their worst drop in more than three months as the prospect of political paralysis in Italy raised the specter of Europe's debt crisis flaring up again. The Dow Jones industrial average fell 216.40 points, or 1.6 percent, to 13,784.17, its biggest drop since Nov. 7. The Standard & Poor's 500 index fell 27.75 points, or 1.8 percent, to 1,487.85, dropping below 1,500 for the first time in three weeks. The Nasdaq composite dropped 45.57 points, or 1.4 percent, to 3,116.25.

 

Norwegian prison where inmates are treated like people has the lowest reoffending rate in Europe

Inmate Sunbathing

The first clue that things are done very differently on Bastoy prison island, which lies a couple of miles off the coast in the Oslo fjord, 46 miles south-east of Norway's capital, comes shortly after I board the prison ferry. I'm taken aback slightly when the ferry operative who welcomed me aboard just minutes earlier, and with whom I'm exchanging small talk about the weather, suddenly reveals he is a serving prisoner – doing 14 years for drug smuggling. He notes my surprise, smiles, and takes off a thick glove before offering me his hand. "I'm Petter," he says.

 

Spain's King Unpopular: Approval Of Juan Carlos At New Low After Austerity, Corruption Scandal

Juan Carlos

When King Juan Carlos appeared at a recent basketball game in front of thousands of subjects, he was greeted by persistent heckling and whistling. It was an unprecedented spectacle in a nearly four-decade reign over which the monarch has basked in the nation's love and respect.

 

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