Europe

Ryanair alleges conspiracy between Lufthansa management and Air Berlin

Ryanair alleges conspiracy between Lufthansa management and Air Berlin

Alleging a conspiracy between Lufthansa management and Air Berlin, budget airline Ryanair filed a complaint with European Union (EU) competition authorities on Tuesday.

Ryanair filed the complaint after Air Berlin filed for bankruptcy protection and received a government loan of 150 million euro ($177M) to stay afloat.

The government loan is expected to help Air Berlin to keep flights going on for the next quarter months, allowing the company’s negotiations for a possible deal with German airline Lufthansa to continue.

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European stocks slide amid U.S.-North Korea tensions

European stocks slide amid U.S.-North Korea tensions

European stocks slipped sharply on Wednesday as tensions between the United States and North Korea continued escalating.

In Frankfurt and Paris, the DAX 30 and the CAC 40 index PX1 dropped 1.1 per cent to 12,160 and 1.3 per cent to 5,152, respectively.

Investors rushed to sell off their stocks after North Korean leader Kim Jong Un warned that his military could strike the United States’ military base in Guam.

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Mario Draghi was right in keeping inflation expectations low

Mario Draghi was right in keeping inflation expectations low

The European Central Bank’s president, Mario Draghi, kept expectations for the rate of inflation during this summer low, and data collected during the month of July has proved him right.

Growth of consumer price in the euro zone was recorded at 1.3 per cent, which is enough to argue that risk of deflation has disappeared but it is too little to meet Draghi’s goal of just under 2 per cent.

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Horsemeat Scam Leads to 66 Arrests in Europe

Horsemeat Scam Leads to 66 Arrests in Europe

European policing agency Europol has informed that police in Spain has arrested 65 people of an organized gang for selling horsemeat across Europe. As per investigative agencies, the meat was not fit for human consumption. The suspects have been public health violations, money laundering, forgery and animal abuse, among other crimes.

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Sensor malfunction led to Schiaparelli’s crash landing: ESA

Sensor malfunction led to Schiaparelli’s crash landing: ESA

A sensor malfunction was likely responsible for the European Space Agency's (ESA's) Mars lander Schiaparelli's crash landing last month, a preliminary investigation suggested.

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First Ubuntu-powered tablet now available for preorder in Europe

First Ubuntu-powered tablet now available for preorder in Europe

On Monday, Ubuntu maker Canonical and Spanish electronics manufacturer BQ announced that the preorders for the world's first Ubuntu-powered tablet - called 'Aquarius M10 Ubuntu Edition' - have been opened by BQ in Europe.

Announcing that European customers can now place preorders for the BQ Aquarius M10 Ubuntu Edition tablet, Canonical and BQ said that the cost of the tablet starts at _249 (approximately $278). The shipping of the tablet is likely to commence in the second week of April.

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Astronomers finds hypergiant star that sheds massive amounts of mass

Astronomers finds hypergiant star that sheds massive amounts of mass

A team of astronomers have discovered a hypergiant star that is believed to be shedding massive amounts of mass each year before it creates a massive supernova explosion.

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DNA study unveils Black Death plague was infecting people as long as 5,000 years ago

DNA study unveils Black Death plague was infecting people as long as 5,000 years

Black Death plague had devastating effect on Europe in 14th century. The plague in which more than a third of Europe's populated was killed in that time period happened due to a microbe called Yersinia pestis. Not much was known about the origins of the plague, but now a new research has found that the microbe was infected people as long as 5,000 years ago.

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Scientists to Knock 750-Metre Wide Asteroid off Course Using Probe

Scientists to Knock 750-Metre Wide Asteroid off Course Using Probe

A US-European team, jointly in an attempt to save earth from meteorite strike, will knock an asteroid off its course. The mission will crash a probe into the smallest of a pair of binary asteroids to see if the object’s path can be altered.

The joint mission called ‘Asteroid Deflection & Assessment (Aida)’ will try to knock 750-metre wide asteroid Didymos off course using its mini-moon Didymoon in 2022.

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Electrolux surpasses Q4 profit expectations

Electrolux surpasses Q4 profit expectations

Home appliance maker Electrolux posted a slightly bigger than expected rise in fourth quarter core earnings on Wednesday.

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