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Cyprus receives EU-IMF bailout funds

<b>Cyprus has received the first instalment of a 10bn-euro bailout package from international creditors, which was agreed earlier this year.</b><p>Cyprus received 2bn euros (£1.6bn; $2.6bn) in loans, said a statement by the European Stability Mechanism.<p>Another 1bn euros will be transferred before 30 June, …

Europe

The Euro Is Still Doomed, in 2 Charts

The euro is barbarous, but it's not (yet) a relic. Whether it can stop from becoming the latter depends on whether it can stop being the former.<p>Okay, that's a bit unfair. For all its flaws, the euro <i>is</i> less doomed than it used to be. Foreign borrowing and borrowing costs have both fallen …

David Cameron is betting the UK’s membership in the EU on a free trade deal with the US

UK prime minister David Cameron really thinks a free trade deal between the European Union and the United States is a good idea, judging by his article (paywall) this morning on his agenda for a summit of the world’s eight largest economies next month:<p>Trade makes the cake bigger so everyone can …

United Kingdom

Switzerland to limit immigration from all EU states

<b>The Swiss government is to limit immigration from all EU states from May for a period of one year, in a move criticised by Brussels.</b><p>Immigration caps on eight central and eastern states will be extended to 17 other EU states. Bulgarian and Romanian migration is curbed separately.<p>Though not an EU …

Europe

Shedding New Light On Basement Marijuana Technology

One man's experience with LED grow lights<p>As of 2013, 24 states and Washington, DC, have either legalized marijuana or decriminalized possession of it. One of my friends lives in a state where medical marijuana is now legal, and he has taken full advantage of this to start growing the plant, which …

Leading German economist calls for dissolution of eurozone to save EU

One of Germany's most eminent economists has called for the swift dissolution of the eurozone in its present form, arguing that the vision of a …

Marjorie Scardino: business leaders will back EU in the end

Dame Marjorie Scardino, the first woman chief executive of a FTSE 100 company, has said she believes the UK business community will ultimately back …

EU austerity measures offered few gains in 2012, figures show

The austerity measures being pursued by a number of European countries have led to very little gain, official figures show.<p>Several countries at the …

The EU ‘Is the New Communism’: The Fiery Speech Denouncing the EU You Don’t Want to Miss

As euro zone leaders continue to wrestle with the idea of the EU being plunged into total economic ruin, Nigel Farage above all others has protested loudly against the 27-state union’s easy money policies and its desire to consolidate power into the hands of the few.<p>“Years ago, Mrs. Thatcher …

German Chancellor Says EU Nations Must Be Prepared to Cede Sovereignty

German Chancellor Angela Merkel. (Getty Images).<p>German Chancellor Angela Merkel on Monday said that in order for the European Union to overcome its economic crises, euro zone members should be prepared to “cede control over certain policy domains to European institutions,” as Reuters puts it …

Financial transactions tax: UK launches legal challenge

<b>The UK government has launched a legal challenge against plans for a European financial transactions tax (FTT).</b><p>The FTT, which aims to raise public funds and discourage speculative trading, will be adopted by 11 EU states - but not by the UK.<p>Ministers fear it could be imposed on UK firms trading …

United Kingdom

Sleeping on it helps memories stick - Futurity

NORTHWESTERN (US) — Rehearsing memories, during either sleep or waking, can affect what is remembered …

The crowded chasm: the place of science in the Australian government

The lead-up to the last federal election was a time of unusually high drama for the Australian government. Just two months ahead of the poll, prime …

Unreliable neuroscience? Why power matters

When I started my PhD a few years ago, I thought that certain psychological findings were established fact. The next four years were an exercise in …

European Central Bank poised for rate cut to ease euro pain

The European Central Bank stands "ready to act" on interest rates if the eurozone economy weakens further, president Mario Draghi has said, as analysts predicted that a rate cut could come as early as next month.<p>Mr Draghi revealed on Thursday that there had been an "extensive" discussion on …

Researchers Use Brain Scans To Reveal Hidden Dreamscape

Scientists say they have found a way to get a glimpse of people's dreams.<p>"Our results show that we can predict what a person's seeing during dreams," says Yukiyasu Kamitani, a researcher at the ATR Computational Neuroscience Laboratories in Kyoto, Japan.<p>Philosophers, poets and psychologists have …

Show me the money: is grant writing taking over science?

Science is an art.<p>In my particular field, cell biology, the doing of science is a blend of rote precision and creative improvisation. If this sounds …

Internet takes education to new level: Will universities make the grade?

More and more universities have made a place for the Internet in today's educational offerings, but will universities still have a place in tomorrow's educational environment?<p>"We're about to undergo a tectonic transformation in education," Caltech astrophysicist George Djorgovski, a pioneer in …

Lasers used to turn off cocaine addiction in rat brains, may translate into human therapy

Kicking a cocaine addiction may be as simple as beaming a laser straight into the brain — at least in rats. That's the result of a new study of cocaine-addicted lab rodents published today by US researchers working with the National Institute on Drug Abuse. But the scientists behind it think that …

Novartis loses landmark patent case in India

India’s Supreme Court dealt a significant blow to Western drugs firms on Monday when it rejected an application by the Swiss pharmaceutical company Novartis to patent an anti-cancer drug.<p>The company said the decision raised serious, wider implications for the industry and reflected India’s ‘growing …

Eurozone unemployment at record 12pc

Unemployment in the eurozone hit a record 12pc early this year, data showed on Tuesday, as separate surveys revealed that manufacturing across the currency bloc slid deeper into decline last month.<p>Jobless levels in the eurozone were at 12pc in February, the same rate as in January, according to …

Obama Launching Massive Initiative To Map The Human Brain

A coalition of scientists, with government funding starting at $100 million in 2014, will map brain circuitry in action.<p>We've been expecting this announcement since February, and today it looks like it's happening: President Obama has announced an ambitious plan to map the circuitry of the human …

Croatia pursues EU membership despite turmoil

Britain is considering pulling out, Cyprus probably wishes it never got in and Greece might be expelled. But there's one country that can't wait to join the European Union and start using the euro: Croatia.<p>The former Yugoslav republic cleared the final hurdle this week in its long quest to join the …

Europe