Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/2171 business Business - European Economy en-us Fri, 03 Jul 2009 16:34:43 GMT 5 142 18 http://news.yahoo.com/i/2171 http://l.yimg.com/a/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/world_markets ap/20090703/world_markets AP business Fri, 03 Jul 2009 16:34:43 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/world_markets"><img src="http://d.yimg.com/a/p/ap/20090703/capt.1caf3d22eb4545a4bd6da5c2c9385bcb.correction_hong_kong_world_markets_xkc103.jpg?x=130&y=85&q=85&sig=HHgQOnFzmNtx3yCt46DUNQ--" align="left" height="85" width="130" alt="Floor traders work at the Hong Kong Stock Exchange Friday, July 3, 2009 in Hong Kong. Asian stocks retreated Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world's largest economy. Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower. Oil prices weakened further, while the dollar was little changed against the yen. (AP Photo/Kin Cheung)" border="0" /></a>AP - European stock markets traded in a narrow range Friday as investors caught their breath after big losses the day before on U.S. jobs data. Wall Street's closure for the Independence Day holiday kept trading volumes exceptionally light.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/world_markets"><img src="http://d.yimg.com/a/p/ap/20090703/capt.1caf3d22eb4545a4bd6da5c2c9385bcb.correction_hong_kong_world_markets_xkc103.jpg?x=130&y=85&q=85&sig=HHgQOnFzmNtx3yCt46DUNQ--" align="left" height="85" width="130" alt="photo" title="Floor traders work at the Hong Kong Stock Exchange Friday, July 3, 2009 in Hong Kong. Asian stocks retreated Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world's largest economy. Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower. Oil prices weakened further, while the dollar was little changed against the yen. (AP Photo/Kin Cheung)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090703/wl_uk_afp/britainstocks afp/20090703/britainstocks AFP world Fri, 03 Jul 2009 12:19:52 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090703/wl_uk_afp/britainstocks"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246623465695-1-0.jpg?x=130&y=72&q=85&sig=tzRh8BfOc2iF0W2BoGupeg--" align="left" height="72" width="130" alt="The FTSE 100 weakened further on Friday after sliding a day earlier on news of greater-than-expected job losses in the United States.(AFP/File/Ben Stansall)" border="0" /></a>AFP - The FTSE 100 weakened further on Friday after sliding a day earlier on news of greater-than-expected job losses in the United States.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090703/wl_uk_afp/britainstocks"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246623465695-1-0.jpg?x=130&y=72&q=85&sig=tzRh8BfOc2iF0W2BoGupeg--" align="left" height="72" width="130" alt="photo" title="The FTSE 100 weakened further on Friday after sliding a day earlier on news of greater-than-expected job losses in the United States.(AFP/File/Ben Stansall)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_markets_global nm/20090703/us_markets_global Reuters business Fri, 03 Jul 2009 11:22:41 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_markets_global"><img src="http://d.yimg.com/a/p/ap/20090703/capt.1caf3d22eb4545a4bd6da5c2c9385bcb.correction_hong_kong_world_markets_xkc103.jpg?x=130&y=85&q=85&sig=HHgQOnFzmNtx3yCt46DUNQ--" align="left" height="85" width="130" alt="Floor traders work at the Hong Kong Stock Exchange Friday, July 3, 2009 in Hong Kong. Asian stocks retreated Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world's largest economy. Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower. Oil prices weakened further, while the dollar was little changed against the yen. (AP Photo/Kin Cheung)" border="0" /></a>Reuters - World stocks fell on Friday after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_markets_global"><img src="http://d.yimg.com/a/p/ap/20090703/capt.1caf3d22eb4545a4bd6da5c2c9385bcb.correction_hong_kong_world_markets_xkc103.jpg?x=130&y=85&q=85&sig=HHgQOnFzmNtx3yCt46DUNQ--" align="left" height="85" width="130" alt="photo" title="Floor traders work at the Hong Kong Stock Exchange Friday, July 3, 2009 in Hong Kong. Asian stocks retreated Friday as a weaker-than-expected U.S. jobs report signaled more pain ahead for the world's largest economy. Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower. Oil prices weakened further, while the dollar was little changed against the yen. (AP Photo/Kin Cheung)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090703/ap_on_re_eu/eu_russia_checkbook_diplomacy_analysis ap/20090703/eu_russia_checkbook_diplomacy_analysis AP world Fri, 03 Jul 2009 10:49:37 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090703/ap_on_re_eu/eu_russia_checkbook_diplomacy_analysis"><img src="http://d.yimg.com/a/p/ap/20090702/capt.4255a64c84f84593a9fd34001fab969c.russia_india_aircraft_carrier_xaz111.jpg?x=130&y=99&q=85&sig=XUoNzJyI.p4rILRN0VQqCw--" align="left" height="99" width="130" alt="Russia's President Dmitry Medvedev seen during his visit to the Sevmash factory in the northern city of Arkhangelsk on Thursday, July 2, 2009. Medvedev on Thursday criticized the holdup in refurbishing a Soviet-era aircraft carrier that was bought by India five years ago. (AP Photo/Alexander Zemlianichenko, Pool)" border="0" /></a>AP - Russia is using its energy wealth to shore up influence abroad, pouring billions of dollars in loans and grants into former Soviet states and long-standing allies — even as it faces its own severe economic downturn.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090703/ap_on_re_eu/eu_russia_checkbook_diplomacy_analysis"><img src="http://d.yimg.com/a/p/ap/20090702/capt.4255a64c84f84593a9fd34001fab969c.russia_india_aircraft_carrier_xaz111.jpg?x=130&y=99&q=85&sig=XUoNzJyI.p4rILRN0VQqCw--" align="left" height="99" width="130" alt="photo" title="Russia's President Dmitry Medvedev seen during his visit to the Sevmash factory in the northern city of Arkhangelsk on Thursday, July 2, 2009. Medvedev on Thursday criticized the holdup in refurbishing a Soviet-era aircraft carrier that was bought by India five years ago. (AP Photo/Alexander Zemlianichenko, Pool)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090703/bs_afp/stockseurope afp/20090703/stockseurope AFP business Fri, 03 Jul 2009 10:49:25 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090703/bs_afp/stockseurope"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246610995932-1-0.jpg?x=130&y=86&q=85&sig=7OaXZafVf8VG1pxwh7HgFA--" align="left" height="86" width="130" alt="Europe's main stock markets weakened further after sliding a day earlier on news of greater-than-expected job losses in the United States.(AFP/File/Jean Ayissi)" border="0" /></a>AFP - Europe's main stock markets weakened further on Friday after sliding a day earlier on news of greater-than-expected job losses in the United States.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090703/bs_afp/stockseurope"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246610995932-1-0.jpg?x=130&y=86&q=85&sig=7OaXZafVf8VG1pxwh7HgFA--" align="left" height="86" width="130" alt="photo" title="Europe's main stock markets weakened further after sliding a day earlier on news of greater-than-expected job losses in the United States.(AFP/File/Jean Ayissi)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20090703/bs_nm/us_eu_derivatives nm/20090703/us_eu_derivatives Reuters business Fri, 03 Jul 2009 10:22:55 GMT Reuters - Derivatives pose risks on financial markets that central clearing of contracts would mitigate, the European Commission said on Friday, outlining plans that fall short of more radical U.S. steps. http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090703/bs_afp/europestocksopen afp/20090703/europestocksopen AFP business Fri, 03 Jul 2009 08:50:13 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090703/bs_afp/europestocksopen"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246610995932-1-0.jpg?x=130&y=86&q=85&sig=7OaXZafVf8VG1pxwh7HgFA--" align="left" height="86" width="130" alt="Europe's main stock markets weakened further after sliding a day earlier on news of greater-than-expected job losses in the United States.(AFP/File/Jean Ayissi)" border="0" /></a>AFP - Europe's main stock markets recovered slightly at the start of trade on Friday, with London's FTSE 100 index edging up by 0.09 percent to 4,238.22 points.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090703/bs_afp/europestocksopen"><img src="http://d.yimg.com/a/p/afp/20090703/capt.photo_1246610995932-1-0.jpg?x=130&y=86&q=85&sig=7OaXZafVf8VG1pxwh7HgFA--" align="left" height="86" width="130" alt="photo" title="Europe's main stock markets weakened further after sliding a day earlier on news of greater-than-expected job losses in the United States.(AFP/File/Jean Ayissi)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_ecb_rates nm/20090702/us_ecb_rates Reuters business Thu, 02 Jul 2009 17:05:37 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_ecb_rates"><img src="http://d.yimg.com/a/p/rids/20090702/i/r519356248.jpg?x=130&y=83&q=85&sig=LK9J4_oRL8FJim76jXhuoA--" align="left" height="83" width="130" alt="European Central Bank President Jean-Claude Trichet speaks at an economy luncheon in Madrid June 22, 2009. REUTERS/Juan Medina" border="0" /></a>Reuters - The European Central Bank kept euro zone interest rates at 1.0 percent on Thursday, bolstering expectations they will stay there well into next year, and said it would start buying bonds next week.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_ecb_rates"><img src="http://d.yimg.com/a/p/rids/20090702/i/r519356248.jpg?x=130&y=83&q=85&sig=LK9J4_oRL8FJim76jXhuoA--" align="left" height="83" width="130" alt="photo" title="European Central Bank President Jean-Claude Trichet speaks at an economy luncheon in Madrid June 22, 2009. REUTERS/Juan Medina" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_ge/eu_europe_interest_rates ap/20090702/eu_europe_interest_rates AP business Thu, 02 Jul 2009 16:47:48 GMT AP - The European Central Bank left its benchmark interest rate unchanged at 1 percent Thursday, preferring to wait and see if its "spectacular" infusion of credit into the banking system will loosen lending to consumers and businesses in the euro zone's struggling economy. http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090702/wl_uk_afp/stocksbritain afp/20090702/stocksbritain AFP world Thu, 02 Jul 2009 16:05:38 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090702/wl_uk_afp/stocksbritain"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1245167805396-1-0.jpg?x=130&y=86&q=85&sig=EniSX.8Aks487Cer4k3DzA--" align="left" height="86" width="130" alt="Stocks in London ended the session sharply down on the back of dire unemployment figures released in the US and in the eurozone, where the rate hit a 10-year-high.(AFP/File/Shaun Curry)" border="0" /></a>AFP - Stocks in London ended the session sharply down Thursday on the back of dire unemployment figures released in the US and in the eurozone, where the rate hit a 10-year-high.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090702/wl_uk_afp/stocksbritain"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1245167805396-1-0.jpg?x=130&y=86&q=85&sig=EniSX.8Aks487Cer4k3DzA--" align="left" height="86" width="130" alt="photo" title="Stocks in London ended the session sharply down on the back of dire unemployment figures released in the US and in the eurozone, where the rate hit a 10-year-high.(AFP/File/Shaun Curry)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090702/ap_on_re_eu/eu_spain_intelligence_chief ap/20090702/eu_spain_intelligence_chief AP world Thu, 02 Jul 2009 13:51:35 GMT AP - Spain's intelligence chief resigned Thursday amid allegations he used government money to go on hunting and fishing trips and had staffers remodel his house. http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_ge/eu_europe_unemployment ap/20090702/eu_europe_unemployment AP business Thu, 02 Jul 2009 09:08:43 GMT AP - Unemployment in the 16 countries that use the euro spiked to a 10-year high in May, reinforcing concerns any recovery will take time with so many people out of work. http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090701/wl_afp/swedeneupresidency afp/20090701/swedeneupresidency AFP science Wed, 01 Jul 2009 18:13:55 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090701/wl_afp/swedeneupresidency"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246471883985-1-0.jpg?x=130&y=86&q=85&sig=GXqzIhZKgBfOWh8gCBey0A--" align="left" height="86" width="130" alt="Carl XVI Gustaf, King of Sweden (L) welcomes the President of the European Commission Jose Manuel Barroso in the Royal Palace in Stockholm. Sweden kicked off its six-month European Union presidency Wednesday amid fears the bloc's unresolved institutional woes may overshadow its priorities of tackling climate change and the economic crisis.(AFP/Olivier Morin)" border="0" /></a>AFP - Sweden kicked off its six-month European Union presidency Wednesday amid fears the bloc's unresolved institutional woes may overshadow its priorities of tackling climate change and the economic crisis.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090701/wl_afp/swedeneupresidency"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246471883985-1-0.jpg?x=130&y=86&q=85&sig=GXqzIhZKgBfOWh8gCBey0A--" align="left" height="86" width="130" alt="photo" title="Carl XVI Gustaf, King of Sweden (L) welcomes the President of the European Commission Jose Manuel Barroso in the Royal Palace in Stockholm. Sweden kicked off its six-month European Union presidency Wednesday amid fears the bloc's unresolved institutional woes may overshadow its priorities of tackling climate change and the economic crisis.(AFP/Olivier Morin)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090701/wl_uk_afp/stockseuropeclose afp/20090701/stockseuropeclose AFP world Wed, 01 Jul 2009 16:18:36 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090701/wl_uk_afp/stockseuropeclose"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1245227141920-1-0.jpg?x=130&y=81&q=85&sig=33uA18nmPfyZgV9mAgqh6g--" align="left" height="81" width="130" alt="An electronic display board showing the FTSE 100 share index in London. The London stock market closed firmer as retailer Marks and Spencer reported strong sales and commodity prices spiked.(AFP/File/Shaun Curry)" border="0" /></a>AFP - The London stock market closed firmer on Wednesday as retailer Marks and Spencer reported strong sales and commodity prices spiked.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090701/wl_uk_afp/stockseuropeclose"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1245227141920-1-0.jpg?x=130&y=81&q=85&sig=33uA18nmPfyZgV9mAgqh6g--" align="left" height="81" width="130" alt="photo" title="An electronic display board showing the FTSE 100 share index in London. The London stock market closed firmer as retailer Marks and Spencer reported strong sales and commodity prices spiked.(AFP/File/Shaun Curry)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090701/ap_on_re_eu/eu_france_restaurant_tax ap/20090701/eu_france_restaurant_tax AP world Wed, 01 Jul 2009 15:51:42 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090701/ap_on_re_eu/eu_france_restaurant_tax"><img src="http://d.yimg.com/a/p/ap/20090701/capt.47b1cc1a2662412ea09c33cfdce2b0d8.france_restaurant_tax_xjb101.jpg?x=130&y=95&q=85&sig=tS4Bnb1H5eWdKWtBh3ShFw--" align="left" height="95" width="130" alt="A man drinks at a cafe where prices were modified, Wednesday July 1, 2009 in Paris. France's restaurant bills could start looking a little slimmer thanks to a nearly fourfold drop in sales taxes. The measure allowing a reduction of VAT, or value-added tax, from 19.6 percent to 5.5 percent went into effect Wednesday.(AP Photo/Jacques Brinon)" border="0" /></a>AP - French restaurant bills slimmed down slightly Wednesday, after the government slashed value-added tax hoping to nudge people back toward sidewalk cafes and prized restaurants suffering from the economic downturn.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090701/ap_on_re_eu/eu_france_restaurant_tax"><img src="http://d.yimg.com/a/p/ap/20090701/capt.47b1cc1a2662412ea09c33cfdce2b0d8.france_restaurant_tax_xjb101.jpg?x=130&y=95&q=85&sig=tS4Bnb1H5eWdKWtBh3ShFw--" align="left" height="95" width="130" alt="photo" title="A man drinks at a cafe where prices were modified, Wednesday July 1, 2009 in Paris. France's restaurant bills could start looking a little slimmer thanks to a nearly fourfold drop in sales taxes. The measure allowing a reduction of VAT, or value-added tax, from 19.6 percent to 5.5 percent went into effect Wednesday.(AP Photo/Jacques Brinon)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/eu_russia_car_cutbacks ap/20090701/eu_russia_car_cutbacks AP business Wed, 01 Jul 2009 14:49:38 GMT AP - U.S. car giants General Motors and Ford suspended operations on their production lines in Russia Wednesday as the deepening economic crisis squeezes Russian consumers' demand for new cars. http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090701/wl_sthasia_afp/indiajapancompanyautomarutisales afp/20090701/indiajapancompanyautomarutisales AFP world Wed, 01 Jul 2009 12:44:15 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090701/wl_sthasia_afp/indiajapancompanyautomarutisales"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246448781250-2-0.jpg?x=94&y=130&q=85&sig=gXUSSx948egrNwfNaug7bA--" align="left" height="130" width="94" alt="A security guard walks past Maruti cars in Gurgaon in 2008. India's largest carmaker Maruti Suzuki India, majority-owned by Japan's Suzuki Motor, announced Wednesday record exports in June, led by improved demand across European markets.(AFP/File/Prakash Singh)" border="0" /></a>AFP - India's largest carmaker Maruti Suzuki India, majority-owned by Japan's Suzuki Motor, announced Wednesday record exports in June, led by improved demand across European markets.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090701/wl_sthasia_afp/indiajapancompanyautomarutisales"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246448781250-2-0.jpg?x=94&y=130&q=85&sig=gXUSSx948egrNwfNaug7bA--" align="left" height="130" width="94" alt="photo" title="A security guard walks past Maruti cars in Gurgaon in 2008. India's largest carmaker Maruti Suzuki India, majority-owned by Japan's Suzuki Motor, announced Wednesday record exports in June, led by improved demand across European markets.(AFP/File/Prakash Singh)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090701/ap_on_re_eu/eu_britain_michael_jackson ap/20090701/eu_britain_michael_jackson AP world Wed, 01 Jul 2009 07:02:40 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090701/ap_on_re_eu/eu_britain_michael_jackson"><img src="http://d.yimg.com/a/p/ap/20090630/capt.66ce57fb0e4745d18aba1303c6f08517.britain_michael_jackson_llp111.jpg?x=130&y=88&q=85&sig=fl1ZyF5APgB60eC4bDTjhA--" align="left" height="88" width="130" alt="A makeshift shrine for Michael Jackson is seen outside the O2 arena in southeast London, Tuesday, June 30, 2009, where he was scheduled to play 50 shows from July 2009. Now that the reality of Michael Jackson's death has sunk in, some Londoners are assessing the economic impact of his sudden departure and they don't like what they see. The demise of the pop legend means the cancellation of 50 planned shows at London's 23,000 seat 02 Arena, which was sold out for the long anticipated Jackson run. Some replacement events will be scheduled in their place, but the loss of the superstar means lots of empty hotel rooms, half-filled restaurants, and quiet nightclubs. (AP Photo/Lefteris Pitarakis)" border="0" /></a>AP - Now that the reality of Michael Jackson's death has sunk in, some Londoners are assessing the economic impact of his sudden departure — and they don't like what they see.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090701/ap_on_re_eu/eu_britain_michael_jackson"><img src="http://d.yimg.com/a/p/ap/20090630/capt.66ce57fb0e4745d18aba1303c6f08517.britain_michael_jackson_llp111.jpg?x=130&y=88&q=85&sig=fl1ZyF5APgB60eC4bDTjhA--" align="left" height="88" width="130" alt="photo" title="A makeshift shrine for Michael Jackson is seen outside the O2 arena in southeast London, Tuesday, June 30, 2009, where he was scheduled to play 50 shows from July 2009. Now that the reality of Michael Jackson's death has sunk in, some Londoners are assessing the economic impact of his sudden departure and they don't like what they see. The demise of the pop legend means the cancellation of 50 planned shows at London's 23,000 seat 02 Arena, which was sold out for the long anticipated Jackson run. Some replacement events will be scheduled in their place, but the loss of the superstar means lots of empty hotel rooms, half-filled restaurants, and quiet nightclubs. (AP Photo/Lefteris Pitarakis)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20090630/ap_on_re_mi_ea/eu_old_planes ap/20090630/eu_old_planes AP world Tue, 30 Jun 2009 18:25:03 GMT AP - The Airbus 310 that crashed Tuesday was 19 years old, yet experts say older planes can keep going strong for years as long as companies are willing to invest what it takes to keep them sky-worthy. http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090630/bs_afp/britaineconomyfinancegrowthrecession afp/20090630/britaineconomyfinancegrowthrecession AFP business Tue, 30 Jun 2009 14:04:55 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090630/bs_afp/britaineconomyfinancegrowthrecession"><img src="http://d.yimg.com/a/p/afp/20090630/capt.photo_1246351284299-10-0.jpg?x=130&y=86&q=85&sig=SHjbIpOjNDSMgioM3D7OOg--" align="left" height="86" width="130" alt="A construction crane at a building site in central London. The recession-battered economy shrank at its fastest pace in more than 50 years in the first quarter of 2009, revised official data showed, amid the worst global slowdown in decades.(AFP/File/Carl De Souza)" border="0" /></a>AFP - Britain's recession-battered economy shrank at its fastest pace in more than 50 years during the first quarter of 2009 in the worst global slowdown in decades, revised official data showed on Tuesday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20090630/bs_afp/britaineconomyfinancegrowthrecession"><img src="http://d.yimg.com/a/p/afp/20090630/capt.photo_1246351284299-10-0.jpg?x=130&y=86&q=85&sig=SHjbIpOjNDSMgioM3D7OOg--" align="left" height="86" width="130" alt="photo" title="A construction crane at a building site in central London. The recession-battered economy shrank at its fastest pace in more than 50 years in the first quarter of 2009, revised official data showed, amid the worst global slowdown in decades.(AFP/File/Carl De Souza)" border="0"/></a></p><br clear="all"/> (AFP)