Boeing employees among dead in Amsterdam plane crash
Amsterdam - Two employees of the US plane-builder Boeing were among the nine dead in Wednesday's plane crash outside Amsterdam's Schiphol airport, the company confirmed early Friday. A third employee of the firm, who had been on board the Turkish Boeing 737-800 that crashed on approach to the airport, was injured and remains in...

Boeing employees among dead in Amsterdam plane crash

CEE banks to get up to 24.5 billion euros in aid
Paris - Several western economic institutions are joining to provide up to 24.5 billion euros (31.1 billion dollars) in aid to struggling banks in central and eastern Europe, it was announced on Friday. The World Bank, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) have pledged to...

CEE banks to get up to 24.5 billion euros in aid

OPEC oil price jumps 2.45 dollars
Vienna - The price for oil produced by the Organization of the Petroleum Exporting Countries shot up by 2.45 dollars Thursday, as oil and gasoline stocks in the United States were seen to be lower than expected. One barrel (159 litres) of OPEC-produced crude stood at 42.95 dollars Thursday, the Vienna-based cartel announced...

OPEC oil price jumps 2.45 dollars

Deutsche Telekom shares rise after quarterly loss narrows
Bonn - Deutsche Telekom AG shares rose Friday after Europe's biggest phone company reported a fourth-quarter loss of 730 million euros (930 million dollars) and unveiled a major revamp of its business structure. The result in the final three months of 2008 compared to 750 million euro loss for the same quarter in 2007, with the...

Deutsche Telekom shares rise after quarterly loss narrows

EBRD to aid CEE banks with hundreds of millions of euros
Paris - The European Bank for Reconstruction and Development (EBRD) is preparing a plan to aid banks in central and eastern Europe that could involve as much as 350 million euros (444 million euros) per financial institution, EBRD head Thomas Mirow was on Friday quoted as saying. "If you go by the worst-case scenario," the...

EBRD to aid CEE banks with hundreds of millions of euros

Iceland approves changes to central bank structure
Reykjavik - A Norwegian national was named Friday as interim governor of the central bank of Iceland, the day after parliament approved sweeping changes to the composition of the central bank. The bill replaces the current system of three governors with a single governor and and deputy governor, and introducing a monetary policy...

Iceland approves changes to central bank structure

Swedish central bank supports Estonia
Stockholm - The Swedish central bank Friday said it has signed a deal to help neighbouring Estonia with a bridging loan worth 10 billion kronor (1.1 billion dollars). The move was described as a "precautionary arrangement" to help the central bank of Estonia, Eesti Pank, gain access to credits. "It is important that...

Swedish central bank supports Estonia

Fire destroys 19th century Spanish theatre
Valencia, Spain - A fire destroyed a 19th-century theatre in the eastern Spanish city of Valencia overnight, police said Friday. There had been plans to restore the privately-owned Princess Theatre, which dated from 1853 and was located in the old city centre. The theatre designed by architect Jose Zacarias Camana was regarded as...

Fire destroys 19th century Spanish theatre

Serbia seeks arrest of former Muslim and Croat leaders in Bosnia
Belgrade - Serbia has launched a probe into alleged atrocities against the former Yugoslav army in Bosnia and issued arrest warrants against 19 people, including former top Muslim and Croat leaders in Sarajevo, officials said Thursday. A spokeswoman for the Serbian war crimes prosecutor, Ivana Ramic, confirmed for radio B92 that an...

Serbia seeks arrest of former Muslim and Croat leaders in Bosnia

Speculation continues on Turkish Airlines crash
Amsterdam - Speculation about the cause of the Turkish Airlines crash near Schiphol Airport that left 9 people dead and 86 injured on Wednesday, continued Thursday while investigators were still studying the accident. Thirty of the injured remained hospitalized, with six people still in critical condition. Information about the...

Speculation continues on Turkish Airlines crash

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