Europe

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Ballooning Gas Costs Fuel Mass Protests in Europe

Hefty taxes double the pump price in US

(Newser) - Skyrocketing fuel prices are hitting Americans hard, but drivers across the Atlantic are shelling out twice as much, Time reports. Europeans pay an average of $8.70 for a gallon of gas, and the hefty price hikes this year are leading to protests that threaten to shut down cities, ports,...

Woody Allen Refuses to Quit: Blame Europe
Woody Allen Refuses to Quit: Blame Europe
OPINION

Woody Allen Refuses to Quit: Blame Europe

US snubs relentless mediocrity, but director is still welcome abroad

(Newser) - America may have spawned Woody Allen, but “the perpetuation of Allen's zombie-like career is one atrocity for which we refuse to be held accountable,” Joe Queenan argues in the Guardian. The diminutive director’s recent films have bombed stateside; when eight people showed up for a New York...

What Europe Can Teach Us About Gas
What Europe Can Teach Us About Gas
Opinion

What Europe Can Teach Us About Gas

Dense, connected Berlin, not car-centric Atlanta, is better model

(Newser) - Gas costs more than $8 a gallon in Germany—a sum that might cause riots in the US but hardly ruffles most Europeans. Their secret is simple, Paul Krugman writes in the New York Times: They drive fuel-efficient cars, and they don’t drive very often. America can easily imitate...

Credit Agricole Hoping to Raise $9B

Battered by subprime losses

(Newser) - Subprime losses at Crédit Agricole’s Calyon investment bank are likely to prompt the French company to raise $9.17 billion in capital, reports the Wall Street Journal. A hit of $1.87 billion reduced its first quarter net profit to $1.38 billion from $1.82 billion the...

Weak Dollar Not Slowing US Vacations

About 25 million expected to travel abroad this summer

(Newser) - The dollar may be weak, but Americans’ desire to travel overseas this summer is strong, the Los Angeles Times reports. While domestic travel has appeared to hit the skids, more than 25 million Americans will grab their passports and take off for adventures abroad—up 2.6% from last year,...

Euro About to Mark 10 Years
 Euro About to Mark 10 Years 
ANALYSIS

Euro About to Mark 10 Years

Common currency has its share of winners and losers

(Newser) - Like many 10-year-olds, the euro has had its ups and downs, but its current ascendancy is worrying, and not just to fans of the weakening dollar; some European states are chafing at the strength of their common currency, the New York Times reports. The German economic engine is causing high...

Buffett Covets Euro Family Businesses

Billionaire investor scouts targets for $40B in cash

(Newser) - Warren Buffett is looking to put some of Berkshire Hathaway’s $40 billion in cash to work outside the US, targeting family-owned European businesses for acquisition, reports Bloomberg. Buffett—who Forbes magazine says is the world’s richest person--is going on a scouting tour next month to four European cities.

Europe's New Coal Plants Trigger Alarm

Even 'clean coal' technology doesn't lower carbon

(Newser) - European countries facing record prices for oil and natural gas are turning to coal to fuel their energy needs, deeply worrying environmentalists, the New York Times reports. During the next five years, about 50 new coal-fired power plants will open across Europe. Many electricity companies say they have no other...

Europeans Cite China as Top Stability Threat

US, Iran, N. Korea slip as global economic resentment grows

(Newser) - Europeans see China as the biggest threat to world stability, a new poll says. In the wake of the Tibet crackdown, 35% of Europeans labeled China a bigger threat than any other state, reports the Financial Times. “The story of the last five years has been about economic opportunities,...

New Fossil Rocks Human History
 New Fossil Rocks Human History

New Fossil Rocks Human History

Indicates man settled in Europe far earlier than thought

(Newser) - An incredibly old jawbone discovered in a Spanish cave could rewrite human history, scientists say. The bone with teeth is 1.2 million years old and belongs to a long-extinct human ancestor called Homo antecessor. It's at least 300,000 years older than any other human fossil found in Europe....

Bush, Putin to Lock Antlers on Missile Defense

Russian president will host US counterpart for April 6 summit

(Newser) - President Bush accepted Russian President Vladimir Putin's invitation today to continue the two nations' often strained talks over a proposed US missile defense system in central Europe. The two heads of state will meet April 6 in the Black Sea resort town of Sochi, the Washington Post reports, for likely...

Queen Readies First Album in 13 Years
Queen Readies First Album
in 13 Years

Queen Readies First Album in 13 Years

Record will be out in the fall, kick off European tour

(Newser) - Freddie Mercury may be long gone, but the rest of Queen still wants to ride their bicycles. The band today said its first album in 13 years will be released in the fall, followed by tours of Europe and Latin America, Agence-France Press reports. The album, which will feature frontman...

Leonard Cohen to Tour
 Leonard Cohen to Tour 

Leonard Cohen to Tour

Gloomy balladeer hits road for first time in 15 years

(Newser) - The man Lou Reed called “one of the most important songwriters of our time” will hit the road this summer. Leonard Cohen, 73, will kick off his first tour in 15 years in his native Canada and then head to Europe, the Independent reports. So far, there are no...

25 Ways to Save in Europe
 25 Ways to Save in Europe 

25 Ways to Save in Europe

Don't let the dismal dollar derail your dream vacation

(Newser) - Worried that exchanging your dollars into pounds will leave you with pennies? MSNBC outlines 25 ways to stretch your money in Europe.
  1. Find no-cost entertainment, like free days at museums or public concerts.
  2. Use a credit card or get cash from an ATM for the best exchange rates and lower
...

Glacial Melt Hit Record in '06
 Glacial Melt Hit Record in '06 

Glacial Melt Hit Record in '06

Study finds glaciers lost an average of 4.9 feet of ice

(Newser) - Glaciers shrank an alarming average of 4.9 feet in 2006, the UN Environment Program says—a dramatic difference from ice loss numbers in the ‘80s and ‘90s, when glaciers lost an average 11.8 inches a year. UNEP’s director pointed to "many canaries in the...

Europe to Launch Space Truck
Europe to Launch Space Truck

Europe to Launch Space Truck

Automated vehicle can haul tons of supplies to space station

(Newser) - Europe is about to launch its most sophisticated spacecraft ever, the BBC reports. The “Jules Verne,” set to take off tomorrow, will deliver supplies to the International Space Station while nudging the station higher into its orbit to prevent it from falling to Earth. The freighter is fully...

Porsche Speeds to $225B Euro Empire

VW acquisition would create Europe's biggest car & truck company

(Newser) - The map of Europe's car and truck industry is set to be redrawn with Porsche's likely takeover of Volkswagen, the Financial Times reports. Porsche's board voted to boost the sports car manufacturer's stake in Volkswagen to more than 50% yesterday, only hours after Volkswagen said it would buy a controlling...

Eastern Europe: Charm for Less
Eastern Europe: Charm for Less
TRAVEL

Eastern Europe: Charm for Less

Prague, Poland among adventurous destinations for thrifty travelers

(Newser) - The ever-pricier euro is sending determined travelers east, past the Eiffel Tower, to overlooked treasures like Prague's Old Town Square. Check out cheaper, Eastern European must-sees as recommended by Forbes:
  1. Peterhof State Museum-Reserve, St. Petersburg, Russia: These palaces and 18th-century gardens rival those of Versailles.
  2. Plitvice Lakes National Park, Plitvice
...

Gates Asks Europe for More Afghan Troops

Says Iraq-weary Euros underestimate threat of unstable Afghanistan

(Newser) - US Defense Secretary Robert Gates appealed today to European allies to send more troops to Afghanistan, saying in Munich that the "threat posed by violent Islamic extremism is real" and that NATO's credibility in combating it is at stake, Reuters reports. France has indicated it could send more troops,...

Europe Now Spam King
Europe Now Spam King

Europe Now Spam King

Continent passed North America as biggest junk mail producer in last three months

(Newser) - More spam is sent from Europe than any other continent, Ars Technica reports. Symantec systems’ latest “State of Spam” report said that European IP addresses are now responsible for 44% of all junk emails sent. Only three months ago, North America produced 15% more of the world’s spam...

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