Schools of Hope
Around three million children in Bangladesh miss out on primary school as a result of poverty. With European Union (EU) funding, the Dhaka Ahsania Mission run learning centers around the country....
By: Drik
See more here:
Schools of Hope - Video
Budapest at night
Budapest during my visit to Hungary. Budapest is the capital and the largest city of Hungary,[7] and one of the largest cities in the European Union. It is the country #39;s principal political,...
By: K AKTEF
See more here:
Budapest at night - Video
Funafuti, Tuvalu 24 April 2014
For Immediate Release
European Union and Tuvalu Inaugurate Solar Power System
Less than a month after signing the contract, the European Union and the Government of Tuvalu today inaugurated a fully functioning solar energy module in Funafuti, as a demonstration of technologies which will roll-out to three outer islands later this year.
By the end of 2014, the three small islands of Nukufetau, Nukulaelae and Nui will be able to enjoy 24 hours-a-day of clean electricity produced by solar systems, as opposed to the current 100 percent diesel supply of electricity, which only runs for 18 hours a day.
"This clean and sustainable source of energy will allow the Government of Tuvalu to save up to 120,000 litres of diesel per year or about AU$200,000 in today's prices", said European Commissioner for Development, Andris Piebalgs, who inaugurated the demonstration system in Funafuti today.
"This system represents one of the first deliverables on the ground of the EU/NZ Energy Access Partnership, less than a year after it was formed. In addition to the actual technology, this system demonstrates the strong commitment of the European Union to contribute to the partnership and to the people of Tuvalu. "I would like to commend the Government of Tuvalu, the Tuvalu Electricity Corporation, the contractor CBS Power Solutions, and the EU Delegation for the Pacific for ensuring a quick and effective implementation, and hope that these efforts will be sustained in the future". (ENDS)
ENDS
Scoop Media
See the article here:
European Union and Tuvalu Inaugurate Solar Power System
European Union officials are preparing to pit the blocs banks against the toughest simulated recession that they have ever faced in a stress test, three people briefed on the matter said.
The European Banking Authority and the European Central Bank will next week unveil an adverse scenario for the stress tests, which start in May, that assumes the 28-nation blocs economy undershoots EU growth forecasts by a greater margin than in the exams held in 2010 and 2011, said the people, who declined to be named as the details arent yet public. Those previous tests were criticized for failing to uncover weaknesses at banks that later failed.
This time around, the stress tests adverse scenario is predicated on economic output that misses the European Commissions growth forecasts by 2.2 percentage points in 2014, 3.4 points in 2015 and 1.4 points in 2016, the people said. That probably translates into two years of recession followed by anemic growth in the last year covered by the exercise. The EBA plans to announce the details in London on April 29. A spokesman for the EBA and a spokeswoman for the ECB declined to comment.
These are really very, very unlikely scenarios, said Ricardo Wehrhahn, who helped conduct Spanish stress tests in 2012 and is now Madrid-based managing partner at Intral Strategy Execution. We are at the turning point of the economic cycle, so assuming that growth will miss like this is very stringent, he said. This will give confidence to the market that the banks that pass these tests are in a solid condition.
Stars representing nations of the European Union are seen on a Euro sign sculpture outside the European Central Bank's headquarters in Frankfurt. The ECB is running an assessment of 128 banks from Deutsche Bank AG to Bank of Valletta Plc as it prepares to assume full oversight of euro-area lenders in November, seeking to prevent a repeat of the financial crisis that threatened to splinter the currency bloc. Close
Stars representing nations of the European Union are seen on a Euro sign sculpture... Read More
Close
Stars representing nations of the European Union are seen on a Euro sign sculpture outside the European Central Bank's headquarters in Frankfurt. The ECB is running an assessment of 128 banks from Deutsche Bank AG to Bank of Valletta Plc as it prepares to assume full oversight of euro-area lenders in November, seeking to prevent a repeat of the financial crisis that threatened to splinter the currency bloc.
The ECB is running an assessment of 128 banks from Deutsche Bank AG to Bank of Valletta Plc as it prepares to assume full oversight of euro-area lenders in November, seeking to prevent a repeat of the financial crisis that threatened to splinter the currency bloc. The exam, which applies to banks in the entire EU, requires banks to maintain a capital pass mark of 5.5 percent of risk-weighted assets.
The 43-member Bloomberg Europe Banks and Financial Services Index fell 1.4 percent as of 1:15 p.m. in Frankfurt to the lowest since April 15. National Bank of Greece SA, Vienna-based Raiffeisen Bank International AG and Societe Generale SA led the decline.
Go here to see the original:
Europe Banks Face Toughest Simulated Slump in Stress Test
Minister Datuk Seri Najib has called on all Malaysians to continue giving their strong
"This is do or die," Agbimuddin was reported to have told the Philippine radio station Radyo Inquireryesterday morning. "I believe we are right (and) this place belongs to us. We will stay," he added dealing a blow to hopes for a quick end to the impasse. A Wisma Putra spokesman, meanwhile, told The Borneo Post that Lahad Datu standoff was now in the hands of the National Security Council which had tasked the job to the police. In Lahad Datu, the police said they had ended the negotiation with the intruders and were waiting for a suitable time to take action against the armed group who claimed to be the Royal Sulu Army holed in Kampung Tanduo. Sabah Police Commissioner, Datuk Hamza Taib told a press conference in Lahad Datu yesterday that there would be no more negotiation with the group. "We will make some research and consider several factors such as reviewing the areas before taking any action. This group is not small so the study needs to be made before taking action. "We will take any action necessary including charging them at the court. We will try to avoid bloodshed but if there is, we will try to minimise it as much as possible," said Hamza. He also urged the people not to be worried as the situation was under control and the police would notcompromiseon the people's safety. Hamza had also denied a report by a news portal about the death of two members of the group due to internal conflicts. He disclosed that there were gunshots heard but it was yet to be confirmed they were from the area. "The gunshots might be fired on animals for their food as they are believed to be short of food and water. But I confirm that the gunshots were not fired by our security forces," stressed Hamza. On a related issue, Hamza also confirmed that the police had arrested four foreigners in the Ladang Tungku area about 4am yesterday. "They were arrested for not having any documents but investigation is still on-going to confirm if they were involved with the group or not," said Hamza, adding that the four men were not carrying any weapons. Meanwhile, the Philippine Government has made available a ship to ferry the group led by Raja Muda Agmibuddin Kiram back to their homeland. "We urge the group to take this opportunity to head home, for the sake of the women and unarmed civilians with them and for their own safety. "Once back home, the issues that they have raised can be discussed and addressed," said the Philippines Ambassador to Malaysia J. Eduardo Malaya to The Borneo Post here yesterday. He stressed that the Filipino people, whether Christians, Muslims or Lumad (indigenous people), have toiled hard to attain peace and economic development in Mindanao, which the people of the Bangsamoro have long deserved. "The peace process being pursued by President Benigno S. Aquino III is both comprehensive and inclusive. There is a place for everyone at the table, notably the heirs of the Sultanate of Sulu," he explained. Malaya pointed out that both the Philippine Government and the Moro Islamic Liberation Front )MILF), representing the Muslim communities, had moved the Mindanao Peace Process significantly forward, with the facilitation of the Malaysian Government. The visit of Malaysian Prime Minister Datuk Seri Najib Razak to Manila on the occasion of the signing of the Framework Agreement in October last year upon the invitation of President Aquino, was indicative of the personal commitment made by both leaders to the successful implementation of the peace pact. "With much momentum gained, this is the time to move forward and not backward," stressed Malaya. Sabah,Malaysia (Country),Malaysian,Asia,Business,China,India,Lahad Datu,Datu,Lahad,war,Philippines,Sabah Hamza,Sabah Police Chief Hamza,Royal Army of Sulu,Agbimuddin Kiram,Country Music (Musical Genre),Shuffle,Taiwan,News,United,America,States,Melbourne,Europe,Japan,United States (Country),European Union (Organization),Germany,England,United Kingdom (Country),Canada,Australia,Nations,Russia,World,Spain,Brazil,Africa,Britain,Mexico,London,Sweden,International,Korea
See more here:
EU Ambassadors visit Cotabato City to reiterate the commitment to support the peace process and development in ...