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Thursday, November 22, 2012

From the Heart of Europe | 22.11.2012, 15:00 UTC

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World
European Union
The EU's trillion-euro argument
The leaders of the 27 European Union members are preparing for a marathon session. It's been a long time since the bloc has argued about money with such vigor - and failure to find an agreement is perfectly possible.
Justice
How much Shariah is compatible with Western law?
Many Muslims in Europe live their private lives according to Shariah law. And many demand that Western courts should take Islamic law into account when making a decision concerning a Muslim citizen.
Eurozone crisis
Euroskeptic UK to argue for EU budget freeze
UK Prime Minister David Cameron heads to Brussels to argue for a freeze in the next EU budget while under pressure at home to hold a referendum on EU membership. Polls show a majority of Britons want to leave the bloc.
News
European Union
EU leaders strap in for budget rollercoaster
European Union leaders have gathered in Brussels to discuss the EU's next seven-year budget. All 27 member states must approve the budget, which has some leaders concerned amid opposition.
Europe
France's Fillon drops leadership claim
France's main opposition party is in turmoil after the loser in their recent leadership election contested the result. Although runner-up Fillon has dropped his leadership claim he still insists he is the real victor.
Europe
Brussels hosts crucial budget talks
A major meeting to decide whether the EU should cut its spending is taking place on Thursday. Influential member states are divided, and Merkel has warned that further meetings might be necessary.
Business
Economy
China PMI rise points to nascent upswing
A rise in China's key PMI economic indicator suggests that manufacturing activity in the world's second largest economy is picking up. The reading for November is fueling hopes that the global downturn has bottomed out.
Transportation
Deutsche Bahn angry over Siemens' failure to deliver
Deutsche Bahn has voiced its disappointment over engineering giant Siemens' renewed failure to deliver high-speed trains in time for the winter schedule. The railway operator fears customer dissatisfaction.
Consumer Electronics
Fitch deals another blow to Japanese electronics giants
Investor confidence in Japan's electronics industry has decreased further with all major firms in the sector struggling to enhance profitability. Ratings agency Fitch doesn't believe in their short-term success.

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