| European Business & Economy Headlines |
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| Peugeot Citroen to cut at least 2,700 jobs
(AP)
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| AP - French automaker PSA Peugeot Citroen said Thursday it plans to cut at least 2,700 jobs in response to the worsening economic crisis that has seen European car sales plummet. -- read full article |
| Thu, 20 Nov 2008 18:23:53 GMT - Yahoo! News: Business - European Economy |
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| Greek shipping hit by global financial crisis
(AP)
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| AP - In the sparkling blue waters off Greece's bustling port of Piraeus, dozens of hulking carrier ships loom out of the haze of a retreating thunderstorm. After spending several boom years racing across the world's oceans, they swing idly on their anchors, waiting for cargo. -- read full article |
| Thu, 20 Nov 2008 19:07:10 GMT - Yahoo! News: Business - European Economy |
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| Putin grabs spotlight, vows Russia will thrive
(AP)
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|  AP - Russian Prime Minister Vladimir Putin used a meeting of his powerful political party to take center stage Thursday, casting himself as an indispensable leader even as the global financial meltdown threatens the achievements of his boom-time presidency.
-- read full article |
| Thu, 20 Nov 2008 19:24:38 GMT - Yahoo! News: Business - European Economy |
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| Bank of England considered even larger rate cut
(AP)
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| AP - The Bank of England said Wednesday it considered an even bigger rate cut than the 1.5 percentage point trim to a 53-year low of 3 percent it made earlier this month — catching markets offguard — to counter a sharp deterioration in the economic outlook and inflationary expectations. -- read full article |
| Wed, 19 Nov 2008 12:47:47 GMT - Yahoo! News: Business - European Economy |
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| Spain: budget deficit deepening
(AP)
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| AP - Spain's budget numbers are slumping fast and could hit a 3 percent deficit by the end of the year, the Bank of Spain said Wednesday. -- read full article |
| Wed, 19 Nov 2008 12:51:43 GMT - Yahoo! News: Business - European Economy |
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| Minister: vast reserves protect Russian economy
(AP)
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| AP - Russia's finance minister sought Wednesday to reassure investors and citizens that the economy will survive the global financial turmoil, saying Russia's rainy day fund will last for at least 7 years under the worst-case scenario. -- read full article |
| Wed, 19 Nov 2008 13:52:32 GMT - Yahoo! News: Business - European Economy |
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| Romania suspends tax on new cars
(AP)
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| AP - The Romanian government will suspend a tax on new cars to protect jobs in the auto industry, which has been hit by the world economic crisis, Prime Minister Calin Popescu Tariceanu said Wednesday. -- read full article |
| Wed, 19 Nov 2008 16:05:31 GMT - Yahoo! News: Business - European Economy |
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| EU official: Help justified for Opel, industry
(AP)
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| AP - The European Union's industry chief said Wednesday that "extraordinary measures" are justified to keep car maker Adam Opel GmbH in business and shore up the entire car industry, blaming problems on U.S. car companies and the U.S.-spawned financial crisis. -- read full article |
| Wed, 19 Nov 2008 16:16:56 GMT - Yahoo! News: Business - European Economy |
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