Yahoo! News: Business - European Economy
Business - European Economy
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Analysis: Money at root of Russia's gas war (AP)
AP - Five months after Russia crushed the Georgian army in the foothills of the Caucasus, Moscow is once again embroiled in a conflict with a former Soviet neighbor: waging an economic war with Ukraine that has disrupted natural gas delivery across Europe.
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Gas crisis threatens industry in Eastern Europe (AP)
AP - From salami makers to fertilizer producers, industries in Eastern Europe are being forced to cut output as the shut-off in Russian gas supplies risks deepening the economic crisis already plaguing the region.
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London stocks steady despite rate cut (AFP)
AFP - The FTSE 100 index showed little reaction to a widely predicted 0.5 percentage point cut in the Bank of England's key interest rate Thursday, despite the move seeing the rate fall to its lowest-ever level of 1.5 percent.
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London's FTSE 100 index down 2.14 at 4,505.37 (AP)
AP - Share prices on the London Stock Exchange closed lower Thursday.
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Obama plan helps lift some stock market gloom (AP)
AP - European stock markets recovered some earlier losses Thursday after President-elect Barack Obama made an urgent pitch to Congress to back his plan to resuscitate the U.S. economy, but Wall Street remained under pressure from dismal retailing news.
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Slovaks embrace euro after first week of use (AP)
AP - Slovakia is embracing the euro with gusto, according to statistics taken by EU officials during the first week of use of the new currency in the eastern European nation.
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Nissan to cut British work force by 1,200 (AP)
AP - Japanese automaker Nissan said Thursday it will slash its British work force by 1,200 as it lowers production in anticipation of a grim economic year.
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Daimler 2008 sales slip amid economic turmoil (AP)
AP - German automaker Daimler AG said Thursday that sales in its Mercedes-Benz Cars group slipped a relatively modest 2.3 percent in 2008 as the global economic crisis erupted, with deliveries of the ultra-compact Smart car spiking amid rising gas prices.
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Sainsbury reports record 3rd quarter sales (AP)
AP - J Sainsbury PLC, Britain's third largest supermarket chain, said Thursday its third quarter sales rose 4.5 percent, with trading on Christmas Eve and New Year's Eve at record levels despite the economic downturn.
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World stocks slide amid US retailing fears (AP)
AP - World stock markets fell Thursday on mounting concerns about global economic growth as leading U.S. retailers revealed they are feeling the pinch.
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Nissan to cut British workforce by 1,200 (AP)
AP - Japanese automaker Nissan said Thursday it will slash its British workforce by 1,200 as it lowers production in anticipation of a grim economic year.
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FSA fines Aon over weak anti-bribery controls (AP)
AP - Britain's Financial Services Authority fined insurance broker Aon Ltd. 5.25 million pounds ($8 million) on Thursday for weak anti-bribery controls ? the largest penalty of its kind.
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World stocks tumble on Wal-Mart profit warning (AP)
AP - European stock markets extended losses Thursday on predictions Wall Street will open sharply lower following profit warnings from Wal-Mart Stores Inc., the world's biggest retailer, and department stores chain Macy's Inc.
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FTSE 100 down 44.16 at 4,463.35 (AP)
AP - Share prices on the London Stock Exchange were lower Thursday.
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World stocks slide amid economic gloom (AP)
AP - European stock markets fell for the second consecutive day Thursday after earlier big Asian losses amid mounting concerns about the world economy and the financial health of businesses around the globe.
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EU proposes euro3.1 billion loan for Latvia (AP)
AP - The European Commission proposed a euro3.1 billion (US$4.2 billion) loan Thursday to help Latvia out of its financial crisis.
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Sarkozy, Merkel, Blair call for new capitalism (AP)
AP - French President Nicolas Sarkozy hit out Thursday at financial speculators for having "perverted" capitalism, which he said should be overhauled with a new role for governments and moral values.
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European economic confidence sinks to record low (AP)
AP - Confidence in the EU economy sank to a record low in December, the European Commission said Thursday, while official data confirmed the 15-nation euro zone officially slipped into recession in the third quarter.
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European shares fall on global recession fears, job losses (AFP)
AFP - European stocks slid on Thursday, after overnight losses on Wall Street and then in Asia, as recessionary pressures and mounting job losses overshadowed an upcoming British interest rate call, dealers said.
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Audi sells more than 1M cars in 2008 (AP)
AP - German automaker Audi AG said Thursday it sold a record of more than 1 million vehicles globally in 2008, up 4.3 percent from the previous year despite the global financial crisis and a tough U.S. market.
Yahoo! News: Business - European Economy
