EUROPEAN UNION

Why Are Gas Prices Going Up?

U.S. Gas Prices
The price of gasoline in the U.S. is expected to hit $4.00 by summer, and could potentially spike even further. Much of this has to do to with events in other parts of the world.
More news
IBTimes Logo

Asian Markets Buoyed by China Easing, Greece Hopes

Markets jumped Monday as policy easing by China and prospects for Greece to clinch a second bailout fund buoyed investor appetite for riskier assets, sending U.S. crude up nearly $2 a barrel and Asian shares up nearly 1 percent.
An oil tanker seen in eastern Spain

Iran Halts Crude-Oil Sales to British and French Companies

Iran has halted sales of crude oil to British and French companies, the oil ministry said Sunday. Exporting crude to British and French companies has been stopped, representative Alireza Nikzad was quoted as saying by the Islamic Republic's ministry of petroleum Web site.
Venezuelan President Hugo Chavez talks to the media as he welcomes U.S. actor Sean Penn at Miraflores Palace in Caracas February 16, 2012.

Hugo Chavez's Venezuela Ships Diesel Fuel to Civil War-Torn Syria

The government of Venezuela's Hugo Chavez is emerging as a rare supplier of diesel to Syria, potentially helping the government of the Middle Eastern country's Bashar al-Assad fuel its military in the midst of a bloody crackdown on civilian protests and undermining Western sanctions.
A customer visits the Apple Store in New York City's Grand Central Station

Apple Files EU Patent Complaint, Motorola Mobility Says

Apple Inc. has requested European Union antitrust regulators to step in and settle a technology patent dispute between the company and Motorola Mobility Holdings Inc., according to a Motorola Mobility regulatory filing on Friday.
Euro

Greek Bailout Deal: European Leaders Express Hope

European leaders expressed optimism on Friday that Greece would secure a new rescue package worth 130 billion euros though policymakers admitted urgent work was still needed to get its debt-cutting program back on track.
Afghanistan's President Hamid Karzai (L), Pakistan's President Asif Ali Zardari (C) and Iran's President Mahmoud Ahmadinejad listen to a question during joint news conference in the President House in Islamabad on February 17, 2012.

Iran's Nuclear Push May Pull Region into Arms Race: UK Diplomat

Iran is clearly trying to develop nuclear-weapons capability -- and if it succeeds, then it will set off a dangerous round of nuclear proliferation across the Middle East -- British Foreign Secretary William Hague said in an interview published on Saturday.
Orange juice, Vitamin C and the common cold

FDA Won't Allow More Fungicide in Orange Juice

The U.S. health regulator on Thursday declined a request by orange juice producers to allow a higher tolerance of a banned fungicide in juice imports, a decision that will force Brazil to stop exporting concentrated orange juice to the United States.
Kosovo-Serbia clashes

Kosovo Independence 4th Anniversary: Tough Challenges Ahead as Serbia Conflict, EU Entry in Focus

Kosovo celebrates its fourth anniversary of Unilateral Declaration of Independence (UDI) on Feb. 17. Even after four years of its UDI, the Albanian majority country is still to make any head way towards development or in ensuring stability in the region. The biggest challenge it faces includes its conflict with Serbia, which don't recognize Kosovo's independence and the resistance from several of the European Union countries that oppose its inclusion in the Union.The territorial confl...
Euro

Greece Hopeful of Striking the Bailout Deal

Greece expressed hope it was within days of finally securing a 130-billion-euro EU/IMF bailout to ease its debt crisis but markets reacted sceptically on Thursday as acrimony grew between Athens and eurozone partners led by Germany.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.