GERMANY - German business sentiment fell in April for the second consecutive month, missing even the lowest estimate in a Reuters poll and signalling that Europe's largest economy is struggling to pull away from a contraction at the end of last year. The Munich-based Ifo think tank said on Wednesday its business climate index, based on a monthly survey of some 7,000 firms, fell to 104.4 in April, down from 106.7 in March. That was short of even the lowest forecast in a Reuters poll in which the median estimate of 45 economists was 106.2. The survey sent the euro to its lowest in nearly three weeks against the dollar while Bunds edged up briefly.
EUROPE - In what seems like a bow to his overlords in Berlin, Spanish Prime Minister Mariano Rajoy has unleashed a somewhat remarkable torrent of terrible realization and truthiness:
• SPAIN PM SAYS EUROPE ECONOMY WORST THAN FORECAST THIS YEAR
• SPAIN PM SAYS ALL EU COUNTRIES ARE REVIEWING GROWTH FORECASTS
• SPAIN PM SAYS MUST TAKE DIFFICULT DECISIONS FOR COUNTRY'S GOOD
• SPAIN PM SAYS EU COUNTRIES MUST ACCEPT TO GIVE UP SOVEREIGNTY
• EU countries’ giving up sovereignty to the bloc is crucial for its future
In other words, handing over your liberty to Germany is for your own good. It seems the German perspective is winning out.
GREECE - Greece is planning to pursue a long-dormant claim for reparations from Germany over Nazi occupation during World War Two, it emerged today. Greek Foreign Minister Dimitris Avramopoulos told parliament today that the government was willing to 'exhaust every means available' in its claim. News of the debt-stricken country's bid for reparations will add to the already strained relationship with Berlin, which foots most of the bill for Greece's 240-billion euro rescue.
BERLIN, GERMANY - Tensions, between the German government and several countries victimized by Nazi crimes, are casting a shadow over the commemorations of the mass deportations and murders carried out during "Operation Reinhard" seventy years ago.
AFGHANISTAN - An earthquake centered in Afghanistan's east killed at least four people and injured almost 70, after wet weather weakened the country's traditional mud-brick homes, officials said on Wednesday. The 5.7 magnitude quake was felt as far away as the Indian capital of New Delhi, the latest in a string of tremors to shake Asia this month.
GERMANY - German Chancellor Angela Merkel said on Monday that euro zone members must be prepared to cede control over certain policy domains to European institutions if the bloc is truly to overcome its debt crisis and win back foreign investors.
GERMANY - Countries in the eurozone must accept that Europe “has the last word” and need to work together more closely if the continent is to avoid going into decline, German chancellor Angela Merkel has warned. In the latest signal that Germany backs stricter Europe-wide controls over national budgets, the chancellor said that eurozone members had to be prepared to surrender authority to European institutions. Mrs Merkel said: “We seem to find common solutions when we are staring over the abyss.” Berlin insists that deficit reduction is key to rebuilding the euro zone economy.
EUROPE - The austerity measures being pursued by a number of European countries have led to very little gain, official figures show. Several countries at the forefront of the economic crisis saw borrowings rise last year, even though they followed the strict fiscal tightening prescribed by international creditors to keep their debt levels down, according to figures from Eurostat, the EU's statistics office.
USA - If you need another reason to kick the junk food habit this should do it. A Utah man has unearthed a McDonald's hamburger he bought in 1999 - and the sandwich looks exactly the same as the day it was first flipped.
GERMANY - A new German protest party is proposing the gradual re-introduction of the national currencies of highly indebted euro-zone countries. While the party's spokesman insists the idea solves everyone's problems, it has one major drawback: Economists agree it won't work.
JORDAN - Jordan has opened two corridors of its airspace to Israeli Air Force drones seeking to monitor the ongoing conflict in Syria, French daily Le Figaro reported on Sunday, citing a Western military source in the Middle East.
USA - University of Missouri engineer Randy Curry and his team have developed a method of creating and controlling plasma that could revolutionize American energy generation and storage. Besides liquid, gas and solid, matter has a fourth state, known as plasma. Fire and lightning are familiar forms of plasma.
UK - Children as young as four are becoming so addicted to smartphones and iPads that they require psychological treatment. Experts have warned that parents who allow babies and toddlers to access tablet computers for several hours a day are in danger of causing “dangerous” long term effects.
UK - A strain of bacteria has been created that can produce fuel, scientists say. Researchers genetically modified E. coli bacteria to convert sugar into an oil that is almost identical to conventional diesel. If the process could be scaled up, this synthetic fuel could be a viable alternative to the fossil fuel, the team said. The study is published in the Proceedings of the National Academy of Sciences. Professor John Love, a synthetic biologist from the University of Exeter, said: "Rather than making a replacement fuel like some biofuels, we have made a substitute fossil fuel."
SPAIN - Spain's population fell last year for the first time in decades, as immigrants left the country amid a major economic crisis, officials say. The National Statistic Institute (NSI) says the number of residents dropped by almost 206,000 to 47.1 million - the decline entirely accounted for by foreigners. Immigrants from Ecuador and Colombia showed the biggest fall. The figures do not take into account many Spaniards who have left in search of work but are still on the census.