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Rebel News - Business - Europe

Moscow, Kiev gas row hurts EU

Moscow, Kiev gas row hurts EU

Russia's Gazprom and the European Union complain that Ukraine is not delivering all dedicated gas to Europe while Kiev denies siphoning off the fuel.

The Czech Presidency of EU has called for urgent talks of envoys in Brussels on Monday saying the deals must be honored. The Czech presidency said in a statement that Moscow will probably be included in the talks. Commitments to supply and transit have to be honored under all circumstances, the Czechs said.

Hungary, Poland and Romania have also complained the deliveries have dropped significantly.

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Bank Medici caught in Madoff scandal

Bank Medici caught in Madoff scandal

The Austrian private bank Medici was placed under state supervision amid greater exposure to the Bernard Madoff scandal than previously disclosed.

Medici said last month that two funds -- Herald USA Fu...

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Turkey introduces new currency 'TL'

Turkey introduces new currency 'TL'

Turkish Central Bank has put into circulation the country's new currency 'Turkish Lira' in a bid to replace the 'New Turkish Lira' (YTL).

A report published Thursday in the Turkish Hurriyet daily stated ...

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Credit Swiss to fire 650 UK workers

Credit Swiss to fire 650 UK workers

LONDON, Dec. 2 (Agencies) – Switzerland's second-largest bank, Credit Suisse is to cut hundreds of jobs, as the global financial crisis shows no signs of ending.

"Due to market conditions and projected...

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Russia: Gas OPEC not to set quotas

Russia: Gas OPEC not to set quotas

MOSCOW, Nov. 27 (Agencies) – Russia says a December meeting of the world's top gas exporters will be aimed at creating a formal body not assigning production quotas.

"No one is planning to regulate gas...

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SS Dignity

An international member of the Free Gaza Movement waves from aboard the SS Dignity, after it docked in Gaza's port this weekend. (Maan Images)

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