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    European Business & Economy Headlines
    European gloomy, U.S. vulnerable (Reuters)

    People walk by a shop with discount signs announcing summer sales in Paris, June 25, 2008. (Charles Platiau/Reuters)Reuters - Major economies on both sides of the Atlantic are increasingly vulnerable to each other's weakness, as the euro zone teeters on the brink of recession while the United States is barely muddling through, data showed on Wednesday.


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    Wed, 03 Sep 2008 15:36:30 GMT - Yahoo! News: Business - European Economy
    FTSE closes sharply lower (AFP)

    People walk past the London Stock Exchange. London shares closed sharply lower amid ongoing concerns over the state of the UK economy.(AFP/File/Shaun Curry)AFP - London shares closed sharply lower on Wednesday amid ongoing concerns over the state of the UK economy.


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    Wed, 03 Sep 2008 16:34:08 GMT - Yahoo! News: Business - European Economy
    Saakashvili 'no longer exists' as Georgia's president: Medvedev (AFP)

    Georgian honour guard soldiers hold national flags over coffins of unknown comrades killed during the conflict with Russia on September 2 in Mukhadgverdi, outside Tbilisi.(AFP/Stringer)AFP - Russian President Dmitry Medvedev said Tuesday Moscow no longer considered Mikheil Saakashvili as Georgia's leader, calling him a "political corpse" and accusing his regime of "aggression that ended in many deaths."


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    Tue, 02 Sep 2008 20:55:13 GMT - Yahoo! News: Business - European Economy
    Putin vows 'an answer' to NATO ships near Georgia (AP)

    Georgian honour guard soldiers hold national flags over coffins of unknown comrades killed during the conflict with Russia on September 2 in Mukhadgverdi, outside Tbilisi.(AFP/Stringer)AP - Prime Minister Vladimir Putin said Tuesday that Russia will respond calmly to an increase in NATO ships in the Black Sea in the aftermath of the short war with Georgia, but promised that "there will be an answer."


    -- read full article
    Tue, 02 Sep 2008 19:36:08 GMT - Yahoo! News: Business - European Economy
    Economy - Tuesday (Investor's Business Daily)
    Investor's Business Daily - The Organization for Economic Cooperation and Development raised its forecast for U.S. GDP growth to 1.8% from 1.2% in June, citing tax cuts and strong exports. The Paris-based rich-nation group cut growth views for Japan, the euro zone and Britain. Japan should grow 1.2% and the euro zone 1.3%, both down from prior targets of 1.7%. The U.K. should expand just 1.2% and may be headed for a recession. The OECD said the world's major central banks should keep rates steady, balancing inflation risks with sluggish growth. -- read full article
    Tue, 02 Sep 2008 22:37:12 GMT - Yahoo! News: Business - European Economy
    Euro strikes six-month dollar low (AFP)

    A euro coin and a US dollar bill. The euro on Tuesday slid below 1.45 dollars for the first time since February as the market anticipated lower interest rates in the eurozone and stronger growth in the United States, analysts said.(AFP/File/Joel Saget)AFP - The euro on Monday fell below 1.45 dollars for the first time since February as the market anticipated lower interest rates in the eurozone, with inflation concerns easing amid tumbling oil prices.


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    Tue, 02 Sep 2008 09:21:47 GMT - Yahoo! News: Business - European Economy
    Moscow claims victory at EU climbdown (AFP)

    Russian Prime Minister Vladimir Putin meets with Uzbek President Islam Karimov in Tashkent. Moscow claimed victory Monday after EU leaders stepped back from imposing sanctions over Russia's partial occupation of neighbouring Georgia.(AFP/Pool/Alexey Druzhinin)AFP - Moscow claimed victory Tuesday after EU leaders stepped back from imposing sanctions over Russia's partial occupation of neighbouring Georgia.


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    Tue, 02 Sep 2008 16:55:22 GMT - Yahoo! News: Business - European Economy
    Putin vows 'an answer' to NATO ships near Georgia (AP)

    Georgian  refugees receive free bread at the refugee camp in Gori, Georgia, Tuesday, Sept. 2, 2008, set up following the brief war that broke out between Russia and Georgia following Georgia's assault on South Ossetia's capital, Tskhinvali, on Aug. 7, 2008. (AP Photo/Efrem Lukatsky)AP - Prime Minister Vladimir Putin said Tuesday that Russia will respond calmly to an increase in NATO ships in the Black Sea in the aftermath of the short war with Georgia, but promised that "there will be an answer."


    -- read full article
    Tue, 02 Sep 2008 14:25:55 GMT - Yahoo! News: Business - European Economy
    FTSE climbs on falling oil prices (AFP)

    An installation at the London stock exchange. London shares made gains as crude-oil futures fell. The FTSE 100 index finished 0.32 percent higher at 5,620.70 points.(AFP/File/Ben Stansall)AFP - London shares made gains as crude-oil futures fell Tuesday.


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    Tue, 02 Sep 2008 16:36:50 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 on a wide-ranging political and economic agreement would be postponed unless Russian troops pull back from positions in Georgia.


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    Mon, 01 Sep 2008 22:36:51 GMT - Yahoo! News: Business - European Economy
    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.


    -- read full article
    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
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