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    European Business & Economy Headlines
    Russian newspapers hail 'victory' after EU summit (AFP)

    Interactive graphic on the Caucasus, highlighting the main zones of conflict and tension between ethnic groups in the region.(AFP iactiv)AFP - Russian newspapers on Tuesday hailed a victory for Moscow after the European Union froze talks on closer ties until Russian troops withdraw from Georgia but stopped short of imposing economic sanctions.


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    Tue, 02 Sep 2008 06:48:47 GMT - Yahoo! News: Business - European Economy
    Euro falls below $1.45 for first time since Feb 12 (AFP)

    A euro coin and a US dollar bill. The euro has fallen below the 1.45 dollars level for the first time since February 12 as the market anticipated lower interest rates in the euro zone.(AFP/File/Joel Saget)AFP - The euro fell below the 1.45 dollars level for the first time since February 12 as the market anticipated lower interest rates in the euro zone.


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    Tue, 02 Sep 2008 08:40:49 GMT - Yahoo! News: Business - European Economy
    FTSE closes lower (AFP)

    People walk past the London Stock Exchange. London shares closed lower, weighed down by weakening commodity prices.(AFP/File/Shaun Curry)AFP - London shares closed lower on Monday, weighed down by weakening commodity prices.


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    Mon, 01 Sep 2008 16:15:20 GMT - Yahoo! News: Business - European Economy
    EU leaders warn Russia over partnership talks (AP)

    Georgian people hold national, EU and NATO flags at a rally against Russia at Freedom Square in Tbilisi, Monday, Sept. 1, 2008. Huge crowds of Georgians surged into the capital's streets Monday to demonstrate against Russia. The Tbilisi demonstration started Monday with people holding hands to form 'human chains' in an echo of the so-called Baltic Chain of 1989 in which residents of then-Soviet Lithuania, Latvia and Estonia stretched the length of their homelands to protest Soviet occupation. (AP Photo/Irakli Gedenidze, Pool)AP - European Union leaders warned Russia on Monday that talks with on a wide-ranging political and economic agreement would be postponed unless Russian troops pull back from positions in Georgia.


    -- read full article
    Mon, 01 Sep 2008 18:48:43 GMT - Yahoo! News: Business - European Economy
    British economy facing 'worst downturn in 60 years': Darling (AFP)

    British Chancellor of the Exchequer Alistair Darling is pictured during a press conference in London in July 2008. Britain is facing AFP - The British finance minister has warned the country is facing "arguably the worst" economic downturn in 60 years and says it will be "more profound and long-lasting" than people had expected.


    -- read full article
    Sat, 30 Aug 2008 09:04:01 GMT - Yahoo! News: Business - European Economy
    British economy facing 'worst downturn in 60 years': Darling (AFP)

    British Chancellor of the Exchequer Alistair Darling is pictured during a press conference at Lancaster House in London in July 2008. Britain is facing AFP - Britain is facing "arguably the worst" economic downturn in 60 years and it will be "more profound and long-lasting" than people had expected warned Alistair Darling, Chancellor of the Exchequer.


    -- read full article
    Fri, 29 Aug 2008 22:56:52 GMT - Yahoo! News: Business - European Economy
    Eurozone inflation pulls back from record high (AFP)

    A customer picks up a chicken from a supermarket in Barcelona in June 2008. Inflation in the 15 countries sharing the euro pulled back in August from a record high, offering an increasingly rare ray of light as the threat of recession looms, official EU figures have shown.(AFP/File/Lluis Gene)AFP - Inflation in the 15 countries sharing the euro came off record highs in August, offering an increasingly rare ray of light as the threat of recession looms, official EU data showed on Friday.


    -- read full article
    Fri, 29 Aug 2008 15:10:21 GMT - Yahoo! News: Business - European Economy
    Euro area inflation falls (AP)
    AP - Euro area inflation fell in August from a record high, offering some relief as economic confidence plunged to the lowest level in five years, the European Commission said Friday. -- read full article
    Fri, 29 Aug 2008 11:07:15 GMT - Yahoo! News: Business - European Economy
    FTSE 100 closes higher (AFP)

    An installation at the London stock exchange. London shares finished higher on Friday, with oil stocks making the biggest gains.(AFP/File/Ben Stansall)AFP - London shares finished higher on Friday, with oil stocks making the biggest gains.


    -- read full article
    Fri, 29 Aug 2008 16:18:31 GMT - Yahoo! News: Business - European Economy
    Indian shares extend fall to 2 pct on day (Reuters)

    The Bombay Stock Exchange (BSE) building is seenin this file photo. REUTERS/Punit ParanjpeReuters - Indian shares extended losses to 2 percent on Thursday afternoon, ahead of weekly inflation data and a fall in European markets.


    -- read full article
    Thu, 28 Aug 2008 09:54:38 GMT - Yahoo! News: Business - European Economy
    German jobless rate falls further, but trend 'nearing end' (AFP)

    A a man waits for service at an unemployment office in Duesseldorf, western Germany, January 2007. German unemployment fell further in August, but the biggest European economy is flirting with recession and its job market will probably feel the effects later this year, analysts said.(AFP/DDP/File/Volker Hartmann)AFP - German unemployment fell further in August, but the biggest European economy is flirting with recession and its job market will probably feel the effects later this year, analysts said Thursday.


    -- read full article
    Thu, 28 Aug 2008 12:45:15 GMT - Yahoo! News: Business - European Economy
    London shares close higher (AFP)

    People walk past the London Stock Exchange. The FTSE 100 index finished near its session high as investors took heart from signs of more merger and acquisition activity in the banking sector.(AFP/File/Shaun Curry)AFP - London shares closed higher on Wednesday, lifted out of earlier losses by an upbeat report on the US manufacturing sector which helped allay fears about the economic outlook, and amid a surge in oil prices.


    -- read full article
    Wed, 27 Aug 2008 16:46:45 GMT - Yahoo! News: Business - European Economy
    German consumer, business confidence ebbs (AP)
    AP - Consumer confidence in Europe's biggest economy declined for a fourth month in a row, sliding to another five-year low as lower energy prices failed to bolster Germans' likelihood of buying new goods, a report released Tuesday found. -- read full article
    Tue, 26 Aug 2008 11:01:48 GMT - Yahoo! News: Business - European Economy
    FTSE closes lower (AFP)

    An installation at the London stock exchange. London shares finished down on Tuesday, off earlier lows, amid heavy falls amongst miners.(AFP/File/Ben Stansall)AFP - London shares finished down on Tuesday, off earlier lows, amid heavy falls amongst miners.


    -- read full article
    Tue, 26 Aug 2008 16:24:20 GMT - Yahoo! News: Business - European Economy
    IMF cuts world, euro zone growth outlook: source (Reuters)

    A plastic bear figurine is fixed on a computer monitor in front of the DAX board at the Frankfurt stock exchange August 22, 2008. (Alex Grimm/Reuters)Reuters - The International Monetary Fund has trimmed its forecasts for 2008 and 2009 world economic growth, largely due to a marked worsening in the outlook for the euro zone, a G20 finance official told Reuters on Monday.


    -- read full article
    Mon, 25 Aug 2008 16:27:30 GMT - Yahoo! News: Business - European Economy
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