EUROPEAN UNION

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Stock Futures Soar on Europe Hopes

Stock index futures jumped on Monday on optimism over the latest round of proposals out of Europe designed to corral the growing Eurozone debt crisis.

Germany, France Eye Eurozone Pact, Markets Hopeful

France's President Nicolas Sarkozy (R) and Germany's Chancellor Angela Merkel attend a joint press conference on the eve of a G20 summit of major world economies in Cannes
Germany and France stepped up a drive on Monday for intrusive powers to reject national budgets in the Eurozone that breach EU rules, as a market rout of European debt eased temporarily on hopes of outside help for Italy and Spain.

Gold Prices Surge on Fresh Hope for Eurozone

Molten gold
Gold prices surged Monday as German and French leaders worked on emergency plan to save the Eurozone within weeks rather than months and strong U.S. retail buying bolstered equities.
Traders work on the floor of the New York Stock Exchange.

Stock Futures Signal Sharp Gains for Equities

Stock index futures pointed to a sharply higher open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 2.2 to 2.6 percent.
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A sculpture showing the euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Germany and France examine push for euro zone integration

Germany and France are exploring radical methods of securing deeper and more rapid fiscal integration among euro zone countries, aware that getting broad backing for the necessary treaty changes may not be possible, EU officials say.
A common thresher shark (Alopias vulpinus) with its dorsal fin cut off.

The Shark Fin Soup Tradeoff

Over the past year, the international movement to halt the shark fin trade has made leaps and bounds, moving up the chain from campaigns targeting consumers to efforts by politicians to implement stricter legislation against the sale, possession and distribution of shark fins. From the U.S. West Coast to Europe and Asia, progress is being made to turn the dish itself into an endangered menu item.

Why Are The Maltese So Fat?

The numbers for Malta are 21.1 percent for women are obese (second highest in Europe) and 24.7 percent for men (the highest for the continent).
France's President Sarkozy welcomes German Chancellor Merkel at a meeting in Strasbourg

Germany, France Plan Quick, New Stability Pact: Report

German Chancellor Angela Merkel and French President Nicolas Sarkozy are planning more drastic means -- including a quick, new Stability Pact -- to fight the Eurozone sovereign-debt crisis, Welt am Sonntag reported Sunday.

EU Launches Dumping Investigation Against U.S. Bioethanol

The dumping case alleges U.S. subsidies issued in the form of tax credits and a bio-fuel grant program including local state support in Illinois, Minnesota, Nebraska and South Dakota, are hurting companies in Europe, reports AFP.
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European shares drop, euro at 7-week low

European shares fell and the euro hit a seven-week low on Friday, as a spiraling debt crisis and the lack of a comprehensive policy to contain the damage sapped investor confidence.
Vienna Bank Fire

Austrian Banks Likely Next Domino in European Debt Crisis

The Austrian banking system is on fire: getting singed not only by the heat of the Eurozone sovereign debt crisis, but also by the immolation of an Eastern European asset bubble the banks had been underwriting for a decade. Stumbling, contradictory guidance from the management of several banks has not helped either. And a stalling Austrian economy is only likely to make things worse
South African Deputy President Kgalema Motlanthe

S.Africa direct exposure to euro zone crisis low: Motlanthe

South Africa's direct economic exposure to countries at the epicentre of the euro zone debt problems is low, but the risk of increased trade protectionism as a result of the crisis could harm local exports, Deputy President Kgalema Motlanthe said on Wednesday.
U.S. Russia

Russia Says It Will Target U.S. Missile Shield

Russia has again warned the U.S. about deploying a missile defense system in Europe, with President Dmitry Medvedev saying his nation will deploy new missiles aimed at the shield if the U.S. goes forward with its plan.
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S&P: Euro recession would threaten bloc's ratings

Standard & Poor's warned on Wednesday that credit ratings in the euro zone could come under renewed pressure if large parts of the currency bloc slip back into recession, as expected, next year.
Finance ministers, Germany's Schaeuble, Greece's Venizelos and Dutch de Jager talk together during an eurozone finance ministers meeting in Brussels

'Disastrous' Bond Sale Shakes Confidence in Germany

A disastrous German bond sale on Wednesday sparked fears that Europe's debt crisis was even beginning to threaten Berlin, with the leaders of the euro zone's two strongest economies still firmly at odds over a longer-term structural solution.
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Business Leaders Urge U.S., EU Consider Trade Pact

After President Barack Obama's commitment this month to a transpacific free trade agreement, business leaders in Europe and United States are asking for a similar initiative across the North Atlantic to spur economic growth and create jobs.
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Canned-Soup Eaters Get Mouthful of Controversial Chemical: Report

People who eat canned versus homemade soup have high levels of bisphenol A (BPA), according to research released Tuesday about the controversial plastic-hardener linked to developmental disruptions in children along with cancer, diabetes and heart disease in adults.

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