.
  | Home > Business > European Business & Economy .
  • Webmasters - Get FREE dynamic news headlines on your website!

    Get European Business & Economy Headlines emailed to you daily.
    Email:
    Join
    Unsubscribe


    European Business & Economy Headlines
    Laureates: Financial crisis may hit AIDS funding (AP)

    Winners of the Nobel Prize of medicine French scientists Francoise Barre-Sinoussi, left, and Luc Montagnier speaks to reporters after their meeting with French President Nicolas Sarkozy at the Elysee Palace in Paris, Wednesday Oct. 8, 2008.Barre-Sinoussi and Montagnier of France were cited for their discovery of HIV, the virus that causes AIDS, in 1983 and with Germany's Harald zur Hausen, who found that certain human papilloma viruses (HPV) cause cervical cancer, the second most common cancer among women worldwide.(AP Photo/Michel Euler)AP - Two French researchers who shared the Nobel Prize in medicine for discovering the AIDS virus are voicing fears that the world financial crisis will hurt funding to fight the disease.


    -- read full article
    Wed, 08 Oct 2008 20:32:21 GMT - Yahoo! News: Business - European Economy
    European central banks offer combined $120 billion (AP)

    The Euro sculpture is photographed through the logo of the European Central Bank ECB in front of the ECB in Frankfurt, central Germany, on Thursday, Oct. 2, 2008. The ECB cuts main interest rate half a point to 3.75 percent on Wednesday Oct. 8, 2008. (AP Photo/Daniel Roland)AP - European central banks continued to push liquidity at the financial sector Thursday, offering $120 billion to prop up lending between banks.


    -- read full article
    Thu, 09 Oct 2008 07:51:56 GMT - Yahoo! News: Business - European Economy
    NATO mulls expanding its drug role in Afghanistan (AP)

    Hungarian Defense Minister Imre Szekeres, left, and his U.S. counterpart Robert Gates, right, with their delegates including American Ambassador to Hungary April H. Foley, 2nd right, have talks in Marriott Hotel, venue of the forthcoming two-day NATO defence ministers' meeting in Budapest, Hungary, Wednesday, Oct. 8, 2008. The meeting will start on Oct. 9 and will be attended by defence ministers of 42 countries, in addition to 700 foreign guests. (AP Photo/MTI, Szilard Koszticsak, Pool)AP - The United States on Thursday will push NATO allies to order their troops to target Afghanistan's thriving heroin trade in a bid to stem the flow of drug money to the widening insurgency against the troubled international military mission.


    -- read full article
    Thu, 09 Oct 2008 07:55:14 GMT - Yahoo! News: Business - European Economy
    French minister: Paulson made 'mistake' on Lehman (AP)
    AP - U.S. Treasury Secretary Henry Paulson made a mistake by letting investment bank Lehman Brothers fail, France's finance minister said Wednesday. -- read full article
    Wed, 08 Oct 2008 09:36:13 GMT - Yahoo! News: Business - European Economy
    European markets tumble after Asian slide (AP)

    Passersby look at a chart showing sharp drop of Japanese stocks in front of a Tokyo brokerage Wednesday, Oct. 8, 2008. Japan's stock market plummeted 9.4 percent — its biggest one-day drop in 21 years — Wednesday as investors rushed for the exits on deepening fears over the global financial crisis. The benchmark Nikkei 225 index nose-dived 952.58 points to 9,203.32, a five-year low. (AP Photo/Katsumi Kasahara)AP - European markets tumbled in early trading Wednesday amid ongoing fears about the state of credit markets despite the British government's 50 billion pound ($87.5 billion) rescue package for the banking system. In Asia, Japan's Nikkei suffered its worst day since the 1987 stock market crash.


    -- read full article
    Wed, 08 Oct 2008 10:24:11 GMT - Yahoo! News: Business - European Economy
    British government steps in to help banks (AP)
    AP - The British government announced a 50 billion pounds ($87.5 billion) plan on Wednesday to partly nationalize major banks, with taxpayers taking stakes in a bid to shore up a financial sector hard hit by the world financial crisis. -- read full article
    Wed, 08 Oct 2008 10:49:45 GMT - Yahoo! News: Business - European Economy
    London stocks slump by 5.38% (AFP)

    People walk past an electronic sign showing the progress of the FTSE 100 share index in London. The London stock market has plunged 5.38% as investors remained unconvinced that a global round of emergency interest rate cuts would resolve the financial crisis, dealers have said.(AFP/File/Carl de Souza)AFP - The London stock market plunged 5.38 percent on Wednesday as investors were unconvinced that a global round of emergency interest rate cuts would resolve the financial crisis, dealers said.


    -- read full article
    Wed, 08 Oct 2008 15:04:26 GMT - Yahoo! News: Business - European Economy
    European markets recover after shock rate cuts (AP)

    A pedestrian walks past an electric stock market board in Tokyo, Wednesday, Oct. 8, 2008. The Nikkei index lost 460.78 points to 9,695.12 at the end of the morning session on Wednesday. The Japanese index on Tuesday closed at the lowest level in almost five years amid deepening uncertainty over the course of the financial crisis. (AP Photo/Katsumi Kasahara)AP - European markets fell, then recouped most of their losses Wednesday after six central banks jolted markets by cutting interest rates together in an attempt to shore up confidence in the world's crisis-stricken financial system.


    -- read full article
    Wed, 08 Oct 2008 12:48:23 GMT - Yahoo! News: Business - European Economy
    US retains top spot in competitiveness poll (AP)
    AP - The U.S. still has the world's most competitive economy, despite the recent turmoil that has seen some Wall Street giants tumble and others turn to the Federal Reserve for financial bailouts, according to a survey released Wednesday. -- read full article
    Wed, 08 Oct 2008 13:01:29 GMT - Yahoo! News: Business - European Economy
    Sarkozy leads calls for more joint EU action (Reuters)

    France's President Nicolas Sarkozy gestures during his address at the closing session of the 1st World Policy Conference in Evian October 8, 2008. (Denis Balibouse/Reuters)Reuters - The leaders of France and Britain led calls on Wednesday for more joint action to combat the global financial crisis after criticism that divisions have hampered Europe's response.


    -- read full article
    Wed, 08 Oct 2008 14:50:42 GMT - Yahoo! News: Business - European Economy
    Central banks, governments try to contain crisis (AP)
    AP - European governments sought to contain the deepening world financial crisis on Wednesday, with Britain stepping in to help its hard-pressed banks and Russia shutting down its biggest stock market for two days. But the greatest relief to markets came from a coordinated rate cut from leading world central banks. -- read full article
    Wed, 08 Oct 2008 15:05:01 GMT - Yahoo! News: Business - European Economy
    London stocks slump by more than 5% (AFP)

    A broker reacts to news of a 0.5% cut in the interest rate from The Bank of England on ICAP's dealing floor in London. The FTSE 100 index of leading shares closed with heavy losses of more than 5.0 percent as investors brushed aside central bank efforts to counter the global financial crisis.(AFP/Leon Neal)AFP - The FTSE 100 index of leading shares closed with heavy losses of more than 5.0 percent Wednesday as investors brushed aside central bank efforts to counter the global financial crisis.


    -- read full article
    Wed, 08 Oct 2008 16:47:03 GMT - Yahoo! News: Business - European Economy
    Luxury goods industry ready for hard times (AP)

    In this photo taken Tuesday, Sept. 23, 2008, Pickers from northern France harvest the latest Moet & Chandon crop from the Cramant vineyards. Champagne sales fell 2.6 percent in the first eight months of the year to 165 million bottles, according to figures from Champagne wine growers committee CIVC. Domestic sales were down 4.2 percent to 89 million bottles, while exports fell 0.67 percent to 76 million bottles. (AP Photo/Emma Evandore, File)AP - Savoring a rustic lunch of tuna salad, veal stew, and red wine, Benoit Gouez, chief vintner at Champagne house Moet & Chandon, took a long view of the financial crisis rocking the global economy.


    -- read full article
    Wed, 08 Oct 2008 17:54:28 GMT - Yahoo! News: Business - European Economy
    Iceland struggles, abandons fixed exchange rate (AP)

    Iceland's Prime Minister Geir H. Haarde, speaks at a press conference as Minister of Commerce Bjorgvin Sugurdsson looks on in background,  in Reykjavik, Tuesday, Oct. 7, 2008.  Iceland nationalized its second-largest bank on Tuesday under day-old legislation and negotiated a euro4 billion (US$5.4 billion) loan from Russia to shore up the nation's finances amid a full-blown financial crisis. The moves came a day after trading in shares of major banks was suspended, the Icelandic krona lost a quarter of its value against the euro, and the government rushed through emergency legislation giving it new powers to deal with the financial meltdown.  Prime Minister Haarde warned late Monday that the heavy exposure of the tiny country's banking sector to the global financial turmoil raised the spectre of 'national bankruptcy.'  (AP Photo/Arni Torfason)AP - Iceland plunged further into financial crisis Wednesday as it scrapped plans to nationalize a major bank, instead placing it into receivership, and abandoned attempts to put a floor under its falling currency by pegging it to the euro.


    -- read full article
    Wed, 08 Oct 2008 17:59:35 GMT - Yahoo! News: Business - European Economy
    Wall Street slips to five-year low as global markets stay tense (AFP)

    A trader works on the floor of the New York Stock exchange. US stocks plunged Tuesday for a second straight day with a vicious downward spiral reinforced by fears of a deeper credit crunch leading to severe recession.(AFP/Getty Images/Spencer Platt)AFP - Stocks plunged for a second day running on Wall Street on Tuesday, while those in Europe were mixed, on persistent anxiety over the health of the banking sector -- and despite central bank initiatives to shore up confidence.


    -- read full article
    Tue, 07 Oct 2008 21:42:31 GMT - Yahoo! News: Business - European Economy
    More European Business & Economy Headlines Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 Next

    Question? Comments? comments@sourgrapes.org | Hosting by Wallanet