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    European Business & Economy Headlines
    IMF, Nordics pledge $4.6 billion loans to Iceland (AP)
    AP - Four Nordic countries and the International Monetary Fund on Thursday pledged a combined $4.6 billion (euro3.64 billion) in loans to help Iceland recover from its economic meltdown. -- read full article
    Thu, 20 Nov 2008 12:01:54 GMT - Yahoo! News: Business - European Economy
    FTSE-100 down 74.62 at 3,931.06 (AP)
    AP - Share prices on the London Stock Exchange were lower at midday Thursday. -- read full article
    Thu, 20 Nov 2008 12:21:42 GMT - Yahoo! News: Business - European Economy
    World stocks down amid recession fears (AP)

    Pedestrians walk past an electronic billboard displaying current FTSE 100 stock market data in London, Thursday, Nov. 20, 2008. European stock markets fell, then recovered some lost ground Thursday on expectations Wall Street will not repeat the heavy selloff from the day before. Asian markets closed sharply down. (AP Photo/Alastair Grant)AP - World stocks fell sharply Thursday as recession fears gripped markets and briefly sent oil prices below $50 a barrel.


    -- read full article
    Thu, 20 Nov 2008 17:20:48 GMT - Yahoo! News: Business - European Economy
    Latvia seeks bailout funds from EU, IMF (AP)
    AP - Latvia's government announced Thursday that it would seek help from the European Union and the International Monetary Fund to stabilize its deteriorating economy and banking system hit by the world financial crisis. -- read full article
    Thu, 20 Nov 2008 14:07:28 GMT - Yahoo! News: Business - European Economy
    UK mortgage lending down 44 pct from a year ago (AP)
    AP - Mortgage lending in Britain was down 44 percent in October compared to a year ago, further evidence the economic downturn is hurting an already weak property market, the Council of Mortgage Lenders said Thursday. -- read full article
    Thu, 20 Nov 2008 14:51:15 GMT - Yahoo! News: Business - European Economy
    Turkey, IMF in talks for possible loan (AP)
    AP - Turkey is in talks with the International Monetary Fund over a possible loan to help its economy weather the impact of the global financial crisis, the government said Thursday. -- read full article
    Thu, 20 Nov 2008 16:33:46 GMT - Yahoo! News: Business - European Economy
    Europe stocks plunge after US jobless data (AFP)

    Stock brokers go about their business at the stock exchange in Frankfurt on November 5. European stocks markets plunged in afternoon trading with London down 4.52 percent as recession fears deepened on new data showing a surge in US jobless claims.(DDP/AFP/File/Thomas Lohnes)AFP - European stocks markets plunged in afternoon trading on Thursday with London down 4.52 percent as recession fears deepened on new data showing a surge in US jobless claims.


    -- read full article
    Thu, 20 Nov 2008 16:33:55 GMT - Yahoo! News: Business - European Economy
    Beaujolais Nouveau hits bars after poor crop (AP)

    A shopper checks out bottles of French wine while a clerk helps out during the lifting of Beaujolais Nouveau in Tokyo, Japan, Thursday, Nov. 20, 2008.(AP Photo/Junji Kurokawa)AP - The 2008 edition of Beaujolais Nouveau wine is here, and vintners hope it will lift spirits despite the financial crisis and a dismal crop.


    -- read full article
    Thu, 20 Nov 2008 16:40:05 GMT - Yahoo! News: Business - European Economy
    London stock market crashes 4.52% (AFP)

    London's FTSE 100 stock index plunged 4.52 percent in afternoon trading on Thursday, amid mounting fears of a deep recession and deflation.(AFP/File/Carl de Souza)AFP - London's FTSE 100 stock index plunged 4.52 percent in afternoon trading on Thursday, amid mounting fears of a deep recession and deflation.


    -- read full article
    Thu, 20 Nov 2008 16:56:00 GMT - Yahoo! News: Business - European Economy
    RBS soars on expectation of 20 bln pound injection (AP)
    AP - Royal Bank of Scotland PLC shareholders approved a 20 billion pound ($30 billion) government bailout Thursday, a plan intended to help the struggling lender survive the global financial crisis. -- read full article
    Thu, 20 Nov 2008 17:12:05 GMT - Yahoo! News: Business - European Economy
    FTSE suffers losses (AFP)

    London shares were in the backfoot on Thursday as recession fears deepened on new data showing a surge in US jobless claims.(AFP/File/Carl de Souza)AFP - London shares were in the backfoot on Thursday as recession fears deepened on new data showing a surge in US jobless claims.


    -- read full article
    Thu, 20 Nov 2008 17:14:20 GMT - Yahoo! News: Business - European Economy
    Estonia to extradite suspected fraudster (AP)
    AP - An Estonian man suspected of embezzling money from a U.S.-based program to rebuild Iraq will be extradited to the United States, Estonia said Thursday. -- read full article
    Thu, 20 Nov 2008 17:36:40 GMT - Yahoo! News: Business - European Economy
    Russian power sector reform under threat (AP)
    AP - As Russian winter approaches, there are fears Moscow's much-vaunted electricity reform — aimed at heading off looming power shortages — will fall victim to the country's economic crisis. -- read full article
    Thu, 20 Nov 2008 17:48:31 GMT - Yahoo! News: Business - European Economy
    Volkswagen pledges to build more efficient cars (AP)
    AP - Volkswagen AG said Thursday it will focus on keeping competitive amid the financial crisis and pledged to build more efficient cars. -- read full article
    Thu, 20 Nov 2008 18:08:33 GMT - Yahoo! News: Business - European Economy
    Rolls-Royce plans up to 2,000 job cuts in 2009 (AP)

    A man stands next to a modified Rolls Royce sports coupe AP - Rolls-Royce Group PLC said Thursday it plans to cut up to 2,000 jobs next year as demand for its products slumps amid the global economic downturn.


    -- read full article
    Thu, 20 Nov 2008 18:12:16 GMT - Yahoo! News: Business - European Economy
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