Yahoo! News: Europe News

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• Seven banks fail Europe stress test (Reuters)
• United ready to offer Rooney new deal (AFP)
• Bettencourt to be questioned by police: lawyer (Reuters)
• Treasury yields edge higher on European bank tests (AP)
• Vidic agrees new United deal to end transfer talk (AFP)
• Hodgson battles Liverpool medics (AFP)
• Most European banks past tests, stocks rise (AP)
• Vast majority of EU banks pass "stress tests" (AP)
• Dollar slides as European banks pass tests (AP)
• AT&T sells Wayport's European operations (AP)
• Church blasts gay priests leading 'double life' (AP)
• 1 dead, 42 injured as Swiss tourist train derails (AP)
• Ex-UN prosecutor De Silva probes Israeli boat raid (AP)
• Raid in North Africa kills 6 alleged al-Qaida (AP)
• After UN court ruling, fears of global separatism (AP)
• Int'l court says Congo warlord must stay in jail (AP)
• Holbrooke: al-Qaida ally 'targeted' Kabul summit (AP)
• Turkish court orders arrest of 102 in coup plot (AP)
• Despite rift, Israel-Turkey contacts march on (AP)
• (AP)

Seven banks fail Europe stress test (Reuters) Posted: 23 Jul 2010 04:11 PM PDT Reuters - Just seven European banks failed a health check and were ordered to raise their capital by 3.5 billion euros ($4.5 billion), much less than expected, confirming fears the continent's long-awaited stress test was too soft.

United ready to offer Rooney new deal (AFP) Posted: 23 Jul 2010 03:31 PM PDT AFP - Manchester United are set to begin negotiations with Wayne Rooney on a lucrative new contract, even though the England striker still has two years to run on his current agreement.

Bettencourt to be questioned by police: lawyer (Reuters) Posted: 23 Jul 2010 03:03 PM PDT Reuters - Liliane Bettencourt, France's richest woman at the center of a scandal over alleged tax evasion and illegal political funding, will be questioned by police next week, her lawyer said on Friday.

Treasury yields edge higher on European bank tests (AP) Posted: 23 Jul 2010 02:50 PM PDT AP - Interest rates edged higher in the Treasury market Friday as encouraging results from Europe's "stress tests" for banks lifted stock prices.

Vidic agrees new United deal to end transfer talk (AFP) Posted: 23 Jul 2010 02:36 PM PDT AFP - Nemanja Vidic has ended speculation that he was keen to quit Manchester United by agreeing a new "long-term" contract with the Premier League club.

Hodgson battles Liverpool medics (AFP) Posted: 23 Jul 2010 02:32 PM PDT AFP - Liverpool boss Roy Hodgson admitted on Friday he is fighting a battle of wills against his own medical staff ahead of the club's Europa League bow.

Most European banks past tests, stocks rise (AP) Posted: 23 Jul 2010 02:30 PM PDT AP - PASSING THE TEST: Most European banks passed so-called "stress" tests, which estimate their ability to withstand the continent's debt problems. That and more upbeat earnings reports sent stocks sharply higher for the second straight day.

Vast majority of EU banks pass "stress tests" (AP) Posted: 23 Jul 2010 02:15 PM PDT AP - The results are in: Only seven of 91 European banks flunked the "stress tests" aimed at clearing up market fears about the strength of the continent's banking system amid the debt crisis.

Dollar slides as European banks pass tests (AP) Posted: 23 Jul 2010 01:50 PM PDT AP - The dollar dropped against the euro Friday after European regulators said only a handful of banks failed "stress tests" that measured how well they would fare if government debt problems and the region's economy worsened.

AT&T sells Wayport's European operations (AP) Posted: 23 Jul 2010 01:30 PM PDT AP - AT&T Inc. has completed the sale of the European operations of a company that provides Wi-Fi hotspots in hotels and McDonald's restaurants.

Church blasts gay priests leading 'double life' (AP) Posted: 23 Jul 2010 11:37 AM PDT AP - The Catholic Church in Italy, still reeling from the clerical sex abuse scandal, lashed out Friday at gay priests who are leading a double life, urging them to come out of the closet and leave the priesthood.

1 dead, 42 injured as Swiss tourist train derails (AP) Posted: 23 Jul 2010 11:28 AM PDT AP - Switzerland's popular Glacier Express tourist train derailed Friday in the Alps, killing one person and injuring 42 others on its spectacular journey between Zermatt and St. Moritz.

Ex-UN prosecutor De Silva probes Israeli boat raid (AP) Posted: 23 Jul 2010 10:38 AM PDT AP - The U.N. Human Rights Council appointed former U.N. war crimes prosecutor Desmond de Silva and two other people on Friday to investigate Israel's May 31 forcible boarding of a boat bringing aid to the Gaza Strip.

Raid in North Africa kills 6 alleged al-Qaida (AP) Posted: 23 Jul 2010 10:00 AM PDT AP - The French military helped Mauritanian forces thwart an attack by suspected al-Qaida members in northwest Africa in an operation that left six extremists dead, officials said Friday.

After UN court ruling, fears of global separatism (AP) Posted: 23 Jul 2010 09:55 AM PDT AP - Serbia and Kosovo are dispatching competing armies of lobbyists to governments that so far have wavered on recognizing the breakaway province.

Int'l court says Congo warlord must stay in jail (AP) Posted: 23 Jul 2010 09:45 AM PDT AP - Judges at the International Criminal Court say a Congolese warlord must stay in custody until they rule on an appeal by prosecutors of an order to release him.

Holbrooke: al-Qaida ally 'targeted' Kabul summit (AP) Posted: 23 Jul 2010 09:41 AM PDT AP - An al-Qaida ally targeted this week's top-level international conference on Afghanistan's future, the U.S. special envoy to the region said Friday.

Turkish court orders arrest of 102 in coup plot (AP) Posted: 23 Jul 2010 08:37 AM PDT AP - A court ordered the arrest Friday of 102 people, including at least three retired military commanders, to be jailed pending trial on charges of conspiring in 2003 to overthrow the Islamic-rooted government in a coup plot.

Despite rift, Israel-Turkey contacts march on (AP) Posted: 23 Jul 2010 08:29 AM PDT AP - Trade between Israel and Turkey surged in the first half of this year, Israel just lifted a warning on travel to Turkey and an Israeli volleyball team trained in the Turkish capital on Friday ahead of a regional tournament.

(AP) Posted: 23 Jul 2010 08:24 AM PDT AP - Police say 1 dead, 42 injured in tourist train accident in southern Switzerland.

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