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Thursday, December 20, 2012

From the Heart of Europe | 20.12.2012, 15:00 UTC

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Business
Mergers
IntercontinentalExchange set to purchase NYSE Euronext
Wall Street is set to see the emergence of the world's biggest stock-market company after IntercontinentalExchange announced a deal to purchase New York Stock Exchange (NYSE). Regulators still need to approve the deal.
Auto Industry
GM and PSA detail partnership after scrapping merger
US auto giant General Motors and French carmaker PSA Peugeot Citroen have finalized details of their strategic alliance. Contracts have been signed for PSA to share costs and projects with GM's troubled German unit Opel.
Court Cases
Deutsche Bahn sues rail cartel for damages
German state-owned rail operator Deutsche Bahn has filed a lawsuit against a number of European steelmakers convicted of fixing the prices of rail equipment. The lawsuit comes after settlement talks have failed.
Crime
UBS admits to fraud in Libor scandal, accepts hefty fine
Swiss bank UBS will have to pay a fine of $1.5 billion for orchestrating manipulations of the London Interbank Offered Rate (Libor). The rigged interest rate caused people to pay more for loans.
World
Human Rights
EU fingerprint plan alarms human rights groups
EU law enforcement agencies would like access to a database with fingerprint information provided by asylum seekers. Human rights groups call the idea an attack on the human rights of a group that needs protecting.
People
Everyone's a winner in Sodeto … almost
Some call him the unluckiest man in Spain. Others say he's the luckiest. Meet Costis Mitsotakis, the man who was left on the sidelines when everyone else in the tiny village of Sodeto won the world's richest lottery.
World War II
Painful memories of Nazi massacre in Italy
Nazis killed thousands of Italians between 1943 and 1945. A report released by a German-Italian historical commission in Rome has brought new light to the war crimes.
Christmas
Sweden publishes gender-neutral toy catalogs
When shopping for the holidays, would you buy your daughter a toy gun? Or your son a doll? Swedish retailers think you would - and they've pioneered gender-neutral advertising aimed at children.
News
Diplomacy
Hollande recognizes France's 'brutal' colonization of Algeria
French President Hollande has made a speech to the Algerian parliament during a trip aimed at improving relations between France and its former colony. Their shared history has been a long-standing source of tension.
Greece
Greek public sector workers strike against austerity
Greek public sector workers have begun a strike to protest against new austerity measures and planned layoffs. The 24-hour strike has disrupted local transport, grounded flights and shut down schools and offices.

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