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Synthetic drug use rising in Europe
Europe is being bombarded with an array of new, synthetic drugs of which the ingredients and effects on users are unknown, the continent’s drug agency warned in a report on Thursday. While cocaine and cannabis remain the most popular illicit drugs, new synthetic substances are being detected at a rate…
Scientists uncover oldest known prehistoric ‘town’ near ancient salt mines
Archaeologists in eastern Bulgaria say they have unearthed the oldest prehistoric town ever found in Europe, along with an ancient salt production site that gives a strong clue about why massive riches were discovered in the region. Excavations at the site near the modern-day town of Provadia have so far…
Ford posts record profits thanks to North American sales boost
Ford posted a record third quarter profit of $1.6 billion as strong growth in North America offset major losses in Europe, the number two US automaker said Tuesday. Ford has now posted pre-tax profits for 13 consecutive quarters as it reaps the rewards of major restructuring and product revamps in…
Japan says it may purchase new Europe bailout bonds
Japan said Saturday it would consider buying bonds issued by Europe’s new permanent bailout fund in a bid to help soothe the eurozone’s crippling debt crisis. “We will consider buying them after carefully reviewing what Europe itself will be doing” on reforms, Finance Minister Koriki Jojima told a press briefing…
EBooks pick up steam in Europe after slow start
Electronic books, which have sparked excited chatter for several years in the publishing world, are now gaining momentum among European readers, despite a late start compared to the US, industry insiders say. The digital share of the book market in European countries still lags behind the United States but publishers…
Oil prices, regulation behind growing success of biorefineries in Europe
Biorefineries and “green chemistry” seem to have a credible future built on a wide range of applications such as cosmetics, plastics and detergents. The rise of the price of oil and increasingly restrictive health legislation covering dangerous products are giving a boost to green refining. Some “green chemistry” factories, a…
German economic miracle leaves the poorest behind
The economic “miracle” that has enabled Germany to escape the worst of Europe’s debt crisis is largely passing by some of the most vulnerable people in society, critics say. And as Germany finally begins to feel the pinch from a crisis that has pushed most of its neighbours into recession,…
Angry bikers protest EU-imposed tests on two-wheelers
More than 4,500 angry bikers roared around European Union headquarters Saturday to protest plans by Brussels to introduce regular road-worthiness tests on motorbikes and scooters, Belgian police said. EU transport commissioner Slim Kallas wants to toughen technical tests on four-wheel vehicles and introduce regular compulsory testing for so-called powered two-wheelers…
Chrysler chief confident about U.S. but not Europe
The US economy continues to demonstrate underlying strength and contains the seeds of future growth for the auto industry, Chrysler’s top executive Sergio Marchionne said Friday. But he blamed German officials for impeding a rationalization of the industry in Europe that could bring it back to health. During presidential elections,…
European ministers worry about ‘new Berlin Wall’ in North-South debt crisis split
European ministers warned Thursday that the debt crisis risks splitting Europe between north and south in an echo of the east-west division of the Cold War, as pressure mounted on Greece. “Two decades after the fall of the Berlin Wall, a new split threatens to divide our continent, this time…
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