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Telecom Italia Media sells La7 channel for 1 million euros

2013-03-05 05:10:42| Telecom - Topix.net

Telecom Italia Media said on Monday it would pump money into its cash-burning La7 channel before offloading it to media firm Cairo Communication for a token price.

Tags: media million italia channel

Spain's Bankia loses 19.2bn euros

2013-02-28 09:26:05| BBC News | Business | UK Edition

Spain's troubled Bankia - formed of the merger of seven savings banks - has made a record loss despite being bailed out with 18bn euros.

Tags: euros loses spains bankia

German energy reforms could cost 1 trillion euros: minister

2013-02-20 09:23:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Germany's transition to renewable energy may cost up to 1 trillion euros ($1.34 trillion) in the next two decades, the environment minister said on Wednesday, piling pressure on his opponents to back plans to cap power price rises before the election. With an eye on the September vote, Peter Altmaier, one of conservative Chancellor Angela Merkel's most trusted ministers, has outlined plans to rein in subsidies for renewable power which have pushed up consumers' electricity bills. However, his...

Tags: cost energy german euros

Ferrari supercar to start at 1 million euros, sources say

2013-02-16 08:48:59| Auto Dealers - Topix.net

PSA unions agreed to allow the carmaker start to move workers from its troubled Aulnay plant in response to violence and threats against staff ignoring a strike call.

Tags: start say million sources