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Europe’s new space rocket Vega makes first flight

A lightweight rocket aimed at securing Europe a stake in the market to launch small satellites lifted off from Kourou space base on itsmaiden flight on Monday. Vega, whose development has cost more than a billion dollars, raced into the sky from the launch site in French Guiana in a streak of light, carrying a…

Cash-strapped Europe struggles to up military might

MUNICH, Germany — With little cash to spare for their armed forces, Europeans must deepen military cooperation after incessant US pressure urging old allies to start pulling their own weight. A parade of world defence leaders and experts meeting at the Munich Security Conference issued stark warnings about Europe’s place…

Europe cold snap claims 260 lives, causes ferry scare

Hundreds of people were rescued Saturday after a ferry caught in a snow storm hit a breakwater off Italy, as a vicious cold snap that has claimed over 260 lives across Europe tightened its grip. Ukraine has suffered the heaviest toll with 122 deaths, including many who froze to death…

Death toll from Europe freeze tops 220

Temperatures plunged to new lows in Europe where a week-long cold snap has now claimed more than 220 lives and forecasters warned Friday that the big freeze would tighten its grip over the weekend. A total of 223 people have died from the cold weather in the last seven days…

Wen says China has no intention to ‘buy Europe’

China’s Premier Wen Jiabao said Friday the Asian giant had neither the ability nor the intention to “buy Europe”, amid concerns over growing Chinese investment in debt-stricken eurozone economies. China is “willing to cooperate with Europe to fight the current crisis. Some people say this means China wants to buy…

Sanctions take their toll on ordinary Iranians

A raft of Western economic sanctions on Iran over its controversial nuclear programme are increasingly stifling the lives of ordinary Iranians, hit by rising inflation and growing isolation. EU and US banking sanctions put in place 18 months ago, and reinforced on Monday, have fuelled Iran’s runaway inflation and triggered a collapse in the…

IMF seeks $500 bn more as euro crisis rages

The International Monetary Fund said Wednesday it needs up to $500 billion more to pad its war chest as the European debt crisisincreasingly threatens the global economy. With several European countries veering on recession and Greece on the brink of default, the IMF said it lacks the resources to be the planet’s lender…

EU stands firm on airline emissions despite Chinese fury

The European Union refused Thursday to back down from a disputed airline emissions fee despite China’s refusal to pay the new charge to land in Europe. The 27-nation EU began to require all airlines to buy pollution permits to fly to Europe on January 1 despite stiff opposition from the…

Romney says U.S. won’t give a dollar to save Europe: report

“The U.S. must take care of its own crisis, and won’t give a dollar to save Europe,” Romney told La Stampa. Romney, a former Massachusetts governor, said he was aware that a collapse in Europe would have “enormous repercussions” for the world’s economy and that it was in Washington’s interest…

EU court rejects challenge to airline emissions charges

Europe’s top court on Wednesday threw out a US-led challenge to new charges for carbon emissions across EU airspace, opening up fears of a possible trade war which could also draw in China. North American airlines had challenged a European Union decision to include as of January 1 all carriers in a carbon trading system targeting heavy…

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