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All rights reserved. http://news.yahoo.com/i/2171 business Business - European Economy en-us Fri, 06 Nov 2009 17:46:34 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/afp/20091106/wl_uk_afp/stocksbritain afp/20091106/stocksbritain AFP world Fri, 06 Nov 2009 17:46:34 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091106/wl_uk_afp/stocksbritain"><img src="http://d.yimg.com/a/p/afp/20091106/capt.photo_1255968960419-1-0.jpg?x=130&y=79&q=85&sig=kZ_t6V4I9c57D1fSxTk7yg--" align="left" height="79" width="130" alt="The leading stock exchange has ended on a high recovering from earlier lows that followed news the US jobless rate had climbed to a 26-year high.(AFP/File/Shaun Curry)" border="0" /></a>AFP - The leading stock exchange ended on a high on Friday recovering from earlier lows that followed news the US jobless rate had climbed to a 26-year high.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091106/wl_uk_afp/stocksbritain"><img src="http://d.yimg.com/a/p/afp/20091106/capt.photo_1255968960419-1-0.jpg?x=130&y=79&q=85&sig=kZ_t6V4I9c57D1fSxTk7yg--" align="left" height="79" width="130" alt="photo" title="The leading stock exchange has ended on a high recovering from earlier lows that followed news the US jobless rate had climbed to a 26-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/20091106/ap_on_bi_ge/eu_germany_economy ap/20091106/eu_germany_economy AP business Fri, 06 Nov 2009 15:01:43 GMT AP - German industrial orders increased again in September thanks to strong foreign demand, official figures showed Friday, offering another sign that Europe's biggest economy is gaining momentum. http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/world_markets ap/20091106/world_markets AP business Fri, 06 Nov 2009 14:15:51 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/world_markets"><img src="http://d.yimg.com/a/p/ap/20091106/capt.604a1f458d0946deab78b2afa32eb5fc.south_korea_markets_sel102.jpg?x=130&y=76&q=85&sig=ZhsdicRqBzfq89Ji4Orrdg--" align="left" height="76" width="130" alt="A South Korean currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange Bank headquarters in Seoul, South Korea, Friday, Nov. 6, 2009. The KOSPI rose 20.22 points, or 1.3 percent, to 1,572.46. (AP Photo/Ahn Young-joon)" border="0" /></a>AP - European stocks fell and Wall Street was expected to drop on the open Friday after data showed the U.S. unemployment rate jumped to 10.2 percent in October, more than expected, as 190,000 jobs were cut.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/world_markets"><img src="http://d.yimg.com/a/p/ap/20091106/capt.604a1f458d0946deab78b2afa32eb5fc.south_korea_markets_sel102.jpg?x=130&y=76&q=85&sig=ZhsdicRqBzfq89Ji4Orrdg--" align="left" height="76" width="130" alt="photo" title="A South Korean currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange Bank headquarters in Seoul, South Korea, Friday, Nov. 6, 2009. The KOSPI rose 20.22 points, or 1.3 percent, to 1,572.46. (AP Photo/Ahn Young-joon)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091106/bs_afp/stockseurope afp/20091106/stockseurope AFP business Fri, 06 Nov 2009 12:11:51 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091106/bs_afp/stockseurope"><img src="http://d.yimg.com/a/p/afp/20091106/capt.photo_1256903380912-1-0.jpg?x=130&y=86&q=85&sig=kel.upctWXoFHJabWYgTdQ--" align="left" height="86" width="130" alt="A trader watches the French CAC market curve at the independent private banking company Meeschaert Gestion Privee, in Paris in 2008. Europe's main stock markets diverged slightly on Friday ahead of the release of crucial US employment figures and as traders assessed more earnings reports.(AFP/File/Jean Ayissi)" border="0" /></a>AFP - Europe's main stock markets diverged slightly on Friday ahead of the release of crucial US employment figures and as traders assessed more earnings reports.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091106/bs_afp/stockseurope"><img src="http://d.yimg.com/a/p/afp/20091106/capt.photo_1256903380912-1-0.jpg?x=130&y=86&q=85&sig=kel.upctWXoFHJabWYgTdQ--" align="left" height="86" width="130" alt="photo" title="A trader watches the French CAC market curve at the independent private banking company Meeschaert Gestion Privee, in Paris in 2008. Europe's main stock markets diverged slightly on Friday ahead of the release of crucial US employment figures and as traders assessed more earnings reports.(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/ap/20091106/ap_on_bi_ge/eu_britain_earns_british_airways ap/20091106/eu_britain_earns_british_airways AP business Fri, 06 Nov 2009 11:33:32 GMT AP - British Airways PLC on Friday reported a net loss of 208 million pounds ($346 million) in the six months ending in September as the global economic downturn continued to take its toll on revenues. http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/eu_world_unemployment_roundup ap/20091106/eu_world_unemployment_roundup AP business Fri, 06 Nov 2009 05:10:21 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/eu_world_unemployment_roundup"><img src="http://d.yimg.com/a/p/ap/20091105/capt.0905d690b0a94ce98abaaebe814b152a.jobless_benefits__gfx879.jpg?x=123&y=130&q=85&sig=eNfVkviH1Ykqcwm7OVakbg--" align="left" height="130" width="123" alt="Graphic shows the rate of unemployment benefit extension exhaustions, by state, per 1,000 population" border="0" /></a>AP - Despite signs of an economic revival gathering pace around the globe, the millions of people laid off during the worst recession in 70 years are unlikely to see relief any time soon as joblessness is still climbing in many of the world's largest economies.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/eu_world_unemployment_roundup"><img src="http://d.yimg.com/a/p/ap/20091105/capt.0905d690b0a94ce98abaaebe814b152a.jobless_benefits__gfx879.jpg?x=123&y=130&q=85&sig=eNfVkviH1Ykqcwm7OVakbg--" align="left" height="130" width="123" alt="photo" title="Graphic shows the rate of unemployment benefit extension exhaustions, by state, per 1,000 population" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091105/wl_uk_afp/britainstocks afp/20091105/britainstocks AFP world Thu, 05 Nov 2009 17:33:12 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091105/wl_uk_afp/britainstocks"><img src="http://d.yimg.com/a/p/afp/20091105/capt.photo_1246897218366-1-0.jpg?x=130&y=72&q=85&sig=uDKWZTZq_s79fXKnLKoUsQ--" align="left" height="72" width="130" alt="London shares ended higher on Thursday powered by positive US employment data.(AFP/File/Ben Stansall)" border="0" /></a>AFP - London shares ended higher on Thursday powered by positive US employment data.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091105/wl_uk_afp/britainstocks"><img src="http://d.yimg.com/a/p/afp/20091105/capt.photo_1246897218366-1-0.jpg?x=130&y=72&q=85&sig=uDKWZTZq_s79fXKnLKoUsQ--" align="left" height="72" width="130" alt="photo" title="London shares ended higher on Thursday powered by positive US employment data.(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/ap/20091105/ap_on_bi_ge/eu_europe_interest_rates ap/20091105/eu_europe_interest_rates AP business Thu, 05 Nov 2009 16:01:21 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/eu_europe_interest_rates"><img src="http://d.yimg.com/a/p/ap/20091105/capt.996bd02cfcd944778947edaef124df38.britain_economy_nybz150.jpg?x=130&y=83&q=85&sig=exO7S8jgYALeUTrD8EbTRg--" align="left" height="83" width="130" alt="FILE - In this July 9, 2009, people are silhouetted as they walk past the Bank of England in the City of London. British industrial production and new car registrations rose in recent months, data showed Thursday, Nov. 5, 2009, as the Bank of England announced it would increase the size of its monetary stimulus. (AP Photo/Matt Dunham, file)" border="0" /></a>AP - The head of the European Central Bank on Thursday hinted it could begin withdrawing some of its crisis measures soon, while the Bank of England pumped more money into the economy in an attempt to get Britain out of recession.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/eu_europe_interest_rates"><img src="http://d.yimg.com/a/p/ap/20091105/capt.996bd02cfcd944778947edaef124df38.britain_economy_nybz150.jpg?x=130&y=83&q=85&sig=exO7S8jgYALeUTrD8EbTRg--" align="left" height="83" width="130" alt="photo" title="FILE - In this July 9, 2009, people are silhouetted as they walk past the Bank of England in the City of London. British industrial production and new car registrations rose in recent months, data showed Thursday, Nov. 5, 2009, as the Bank of England announced it would increase the size of its monetary stimulus. (AP Photo/Matt Dunham, file)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_ecb_rates nm/20091105/us_ecb_rates Reuters business Thu, 05 Nov 2009 14:59:33 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_ecb_rates"><img src="http://d.yimg.com/a/p/rids/20091105/i/r1125740762.jpg?x=130&y=82&q=85&sig=loMF_YHGDI1kHYdgKzeHtQ--" align="left" height="82" width="130" alt="Jean-Claude Trichet, President of the European Central Bank (ECB) addresses the media during his monthly news confrence at the ECB headquarters in Frankfurt, September 3, 2009. REUTERS/Kai Pfaffenbach" border="0" /></a>Reuters - The European Central Bank took its first step toward unwinding its extraordinary support measures for the euro zone economy on Thursday by signaling one-year loans to banks will not be repeated next year.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_ecb_rates"><img src="http://d.yimg.com/a/p/rids/20091105/i/r1125740762.jpg?x=130&y=82&q=85&sig=loMF_YHGDI1kHYdgKzeHtQ--" align="left" height="82" width="130" alt="photo" title="Jean-Claude Trichet, President of the European Central Bank (ECB) addresses the media during his monthly news confrence at the ECB headquarters in Frankfurt, September 3, 2009. REUTERS/Kai Pfaffenbach" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091105/wl_uk_afp/britaineconomybankrateforexmoney afp/20091105/britaineconomybankrateforexmoney AFP world Thu, 05 Nov 2009 14:12:44 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091105/wl_uk_afp/britaineconomybankrateforexmoney"><img src="http://d.yimg.com/a/p/afp/20091105/capt.photo_1257408464320-1-0.jpg?x=130&y=86&q=85&sig=VwU7EVZZAnSg3nW.w3JEYA--" align="left" height="86" width="130" alt="The Bank of England building in the City of London. The Bank of England revealed plans to pump another 25 billion pounds to boost the recession-hit economy, and held interest rates at a record low.(AFP/File/Shaun Curry)" border="0" /></a>AFP - The Bank of England revealed plans on Thursday to pump another 25 billion pounds to boost the recession-hit economy, and held interest rates at a record low.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091105/wl_uk_afp/britaineconomybankrateforexmoney"><img src="http://d.yimg.com/a/p/afp/20091105/capt.photo_1257408464320-1-0.jpg?x=130&y=86&q=85&sig=VwU7EVZZAnSg3nW.w3JEYA--" align="left" height="86" width="130" alt="photo" title="The Bank of England building in the City of London. The Bank of England revealed plans to pump another 25 billion pounds to boost the recession-hit economy, and held interest rates at a record low.(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/20091105/ap_on_re_eu/eu_germany_wall_anniversary_economy ap/20091105/eu_germany_wall_anniversary_economy AP world Thu, 05 Nov 2009 13:39:22 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091105/ap_on_re_eu/eu_germany_wall_anniversary_economy"><img src="http://d.yimg.com/a/p/ap/20091105/capt.39fb1f692b3a48c6b881151e6f3fb49b.germany_wall_anniversary_economy_fra403.jpg?x=87&y=130&q=85&sig=WMMnroiaA0OyoTvk6z0aqA--" align="left" height="130" width="87" alt="FILE - In this Dec. 9, 2008 file photo Ines Schoenwald checks bottles at the bottling plant in the Rotkaeppchen sparkling wines production facilities in Freyburg, eastern Germany. Up to 20,000 bottles per hour are bottled in the peak times of the production. Rotkaeppchen sparkling wine, Florena Cosmetics, Spee detergent or Zetti crunchy chocolate clusters - The names may not mean much to people outside of Germany but they point to a remarkable trend in the 20 years since the Berlin Wall came down: All are iconic brands of the former Communist East and some have even become big hits in the West. (AP Photo/Eckehard Schulz, File)" border="0" /></a>AP - Rotkaeppchen sparkling wine. Florena Cosmetics. Spee detergent. Zetti crunchy chocolate clusters.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091105/ap_on_re_eu/eu_germany_wall_anniversary_economy"><img src="http://d.yimg.com/a/p/ap/20091105/capt.39fb1f692b3a48c6b881151e6f3fb49b.germany_wall_anniversary_economy_fra403.jpg?x=87&y=130&q=85&sig=WMMnroiaA0OyoTvk6z0aqA--" align="left" height="130" width="87" alt="photo" title="FILE - In this Dec. 9, 2008 file photo Ines Schoenwald checks bottles at the bottling plant in the Rotkaeppchen sparkling wines production facilities in Freyburg, eastern Germany. Up to 20,000 bottles per hour are bottled in the peak times of the production. Rotkaeppchen sparkling wine, Florena Cosmetics, Spee detergent or Zetti crunchy chocolate clusters - The names may not mean much to people outside of Germany but they point to a remarkable trend in the 20 years since the Berlin Wall came down: All are iconic brands of the former Communist East and some have even become big hits in the West. (AP Photo/Eckehard Schulz, File)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/eu_britain_interest_rates ap/20091105/eu_britain_interest_rates AP business Thu, 05 Nov 2009 12:51:34 GMT AP - The Bank of England said Thursday it will pour another 25 billion pounds ($41 billion) into the British economy to get the country out of recession as it kept its main interest rate at a record low of 0.5 percent. http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/eu_eu_economy ap/20091105/eu_eu_economy AP business Thu, 05 Nov 2009 11:43:15 GMT AP - Retail sales in the 16 countries that use the euro dropped by 0.7 percent in September, European Union statistics showed Thursday, evidence the economic recovery will be slow and bumpy. http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_markets_precious nm/20091105/us_markets_precious Reuters business Thu, 05 Nov 2009 10:47:43 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_markets_precious"><img src="http://d.yimg.com/a/p/rids/20091105/i/r4060197833.jpg?x=130&y=88&q=85&sig=0UNXoBYm0R251dq7pag1Qw--" align="left" height="88" width="130" alt="Gold bars are pictured at the Ginza Tanaka store in Tokyo October 23, 2009. REUTERS/Issei Kato" border="0" /></a>Reuters - Gold prices retreated on Thursday from the record highs they hit in the previous session as the dollar rose ahead of policy decisions from the UK and the euro zone, which curbed appetite for assets seen as higher risk.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/nm/20091105/bs_nm/us_markets_precious"><img src="http://d.yimg.com/a/p/rids/20091105/i/r4060197833.jpg?x=130&y=88&q=85&sig=0UNXoBYm0R251dq7pag1Qw--" align="left" height="88" width="130" alt="photo" title="Gold bars are pictured at the Ginza Tanaka store in Tokyo October 23, 2009. REUTERS/Issei Kato" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091104/ap_on_bi_ge/eu_britain_lawmakers_expenses ap/20091104/eu_britain_lawmakers_expenses AP business Wed, 04 Nov 2009 17:50:37 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091104/ap_on_bi_ge/eu_britain_lawmakers_expenses"><img src="http://d.yimg.com/a/p/ap/20091104/capt.c8c50c39d763493a95078a152122ad13.britain_lawmakers_expenses_lst102.jpg?x=86&y=130&q=85&sig=fDY0QNuflXqyte3kebXtwQ--" align="left" height="130" width="86" alt="British Prime Minister Gordon Brown leaves 10 Downing Street for the Prime Minister's Questions at the House of Common in London, Wednesday, Nov. 4, 2009. Brown Wednesday promised swift action to reform the system of Members Parliaments expenses in the wake of the report by the standards watchdog . (AP Photo/Sang Tan)" border="0" /></a>AP - Drain the moat, tear down the duck house, fire the housekeeper. British lawmakers face strict new allowance rules following a scandal over their outrageous expense claims.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091104/ap_on_bi_ge/eu_britain_lawmakers_expenses"><img src="http://d.yimg.com/a/p/ap/20091104/capt.c8c50c39d763493a95078a152122ad13.britain_lawmakers_expenses_lst102.jpg?x=86&y=130&q=85&sig=fDY0QNuflXqyte3kebXtwQ--" align="left" height="130" width="86" alt="photo" title="British Prime Minister Gordon Brown leaves 10 Downing Street for the Prime Minister's Questions at the House of Common in London, Wednesday, Nov. 4, 2009. Brown Wednesday promised swift action to reform the system of Members Parliaments expenses in the wake of the report by the standards watchdog . (AP Photo/Sang Tan)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091104/ap_on_bi_ge/eu_germany_gm_opel ap/20091104/eu_germany_gm_opel AP business Wed, 04 Nov 2009 16:44:05 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091104/ap_on_bi_ge/eu_germany_gm_opel"><img src="http://d.yimg.com/a/p/ap/20091104/capt.87738563fc1a47a99d7f2abdaa3cc837.germany_gm_opel_fas104.jpg?x=130&y=84&q=85&sig=eqHX6U8WMN89DyFN0IzB1Q--" align="left" height="84" width="130" alt="A red traffic light is seen at the entrance of the Bochum car plant of Opel on Wednesday Nov. 4, 2009. General Motors Co. said Tuesday, Nov. 3, 2009 it will keep its European Opel unit and restructure it instead of selling a 55 percent stake to Canadian auto parts maker Magna International and its partner, Russian lender Sberbank. (AP Photo/Frank Augstein)" border="0" /></a>AP - General Motors Co.'s decision to scrap the sale of European subisidiary Opel raised new uncertainty Wednesday over the unit's future, astonishing politicians in Germany and Russia and prompting workers to plan walkouts in protest.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091104/ap_on_bi_ge/eu_germany_gm_opel"><img src="http://d.yimg.com/a/p/ap/20091104/capt.87738563fc1a47a99d7f2abdaa3cc837.germany_gm_opel_fas104.jpg?x=130&y=84&q=85&sig=eqHX6U8WMN89DyFN0IzB1Q--" align="left" height="84" width="130" alt="photo" title="A red traffic light is seen at the entrance of the Bochum car plant of Opel on Wednesday Nov. 4, 2009. General Motors Co. said Tuesday, Nov. 3, 2009 it will keep its European Opel unit and restructure it instead of selling a 55 percent stake to Canadian auto parts maker Magna International and its partner, Russian lender Sberbank. (AP Photo/Frank Augstein)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091103/ap_on_re_eu/eu_britain_banks ap/20091103/eu_britain_banks AP world Tue, 03 Nov 2009 17:57:57 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091103/ap_on_re_eu/eu_britain_banks"><img src="http://d.yimg.com/a/p/ap/20091103/capt.16acfbe78bbb4a7387ed223bb6ae815e.britain_banks_lst107.jpg?x=130&y=86&q=85&sig=vPCxOLqshvvmWzNEQrSRBA--" align="left" height="86" width="130" alt="A man walks by the headquarter of Royal Bank of Scotland Group in the City of London, Tuesday, Nov. 3, 2009. Royal Bank of Scotland gets a further 25.5 billion pounds from the government &mdash; all at once, instead of in stages as announced in February. The bailed-out bank will also sell assets to comply with conditions for state aid and the government's stake will rise from 70 percent to 84 percent. The government also granted tax changes worth up to 11 billion pounds to RBS, and it will spend 5.7 billion pounds to buy its share of the new Lloyds shares. And the Treasury set aside a further 8 billion pounds to support RBS if its position deteriorates badly. (AP Photo/Sang Tan)" border="0" /></a>AP - The British government moved Tuesday to break up the country's two biggest retail banks, imposing a major shakeup on the financial sector as it exacts payback for last year's massive state bailout at the height of the financial crisis.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091103/ap_on_re_eu/eu_britain_banks"><img src="http://d.yimg.com/a/p/ap/20091103/capt.16acfbe78bbb4a7387ed223bb6ae815e.britain_banks_lst107.jpg?x=130&y=86&q=85&sig=vPCxOLqshvvmWzNEQrSRBA--" align="left" height="86" width="130" alt="photo" title="A man walks by the headquarter of Royal Bank of Scotland Group in the City of London, Tuesday, Nov. 3, 2009. Royal Bank of Scotland gets a further 25.5 billion pounds from the government &mdash; all at once, instead of in stages as announced in February. The bailed-out bank will also sell assets to comply with conditions for state aid and the government's stake will rise from 70 percent to 84 percent. The government also granted tax changes worth up to 11 billion pounds to RBS, and it will spend 5.7 billion pounds to buy its share of the new Lloyds shares. And the Treasury set aside a further 8 billion pounds to support RBS if its position deteriorates badly. (AP Photo/Sang Tan)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091103/bs_afp/eueurozoneeconomygrowthunemploymentforecast afp/20091103/eueurozoneeconomygrowthunemploymentforecast AFP business Tue, 03 Nov 2009 15:45:34 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091103/bs_afp/eueurozoneeconomygrowthunemploymentforecast"><img src="http://d.yimg.com/a/p/afp/20091103/capt.photo_1257263024320-2-0.jpg?x=130&y=86&q=85&sig=GSwnyfMU6zFr5KzpCsFAuw--" align="left" height="86" width="130" alt="A giant symbol of the euro currency outside the European Central Bank in Frankfurt. The European Commission said it now expected the eurozone economy to expand rather than contract in 2010 but warned that rising unemployment and public deficits would remain problems for several years.(AFP/File/John Macdougall)" border="0" /></a>AFP - The European Commission said on Tuesday it now expected the eurozone economy to expand rather than contract in 2010 but warned that rising unemployment and public deficits would remain problems for several years.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/afp/20091103/bs_afp/eueurozoneeconomygrowthunemploymentforecast"><img src="http://d.yimg.com/a/p/afp/20091103/capt.photo_1257263024320-2-0.jpg?x=130&y=86&q=85&sig=GSwnyfMU6zFr5KzpCsFAuw--" align="left" height="86" width="130" alt="photo" title="A giant symbol of the euro currency outside the European Central Bank in Frankfurt. The European Commission said it now expected the eurozone economy to expand rather than contract in 2010 but warned that rising unemployment and public deficits would remain problems for several years.(AFP/File/John Macdougall)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091103/ap_on_bi_ge/eu_germany_earns_bmw ap/20091103/eu_germany_earns_bmw AP business Tue, 03 Nov 2009 11:33:24 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091103/ap_on_bi_ge/eu_germany_earns_bmw"><img src="http://d.yimg.com/a/p/ap/20091103/capt.c321ed0df9cc41a996290205e66836f1.germany_earns_bmw_bmw103.jpg?x=130&y=72&q=85&sig=6xqr7tNEvDzSouYH4Yoc5g--" align="left" height="72" width="130" alt="FILE - In this March 18, 2008 file photo the company sign of German car manufacturer BMW is seen at the headquarters in Munich, southern Germany. German carmaker BMW AG says Tuesday Nov. 3, 2009 its net profit for the third quarter fell 74 percent to 78 million Euro (US$ 115 million) as a result of the global economic downturn. BMW, the world's biggest luxury car company by sales, says it delivered 7.2 percent fewer cars during the July-September period and that its revenue fell 6.6 percent to 11.8 billion Euro. (AP Photo/Uwe Lein, File)" border="0" /></a>AP - German carmaker BMW AG said Tuesday its net income fell 74 percent in the third quarter as it continued to be affected by the global economic downturn.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091103/ap_on_bi_ge/eu_germany_earns_bmw"><img src="http://d.yimg.com/a/p/ap/20091103/capt.c321ed0df9cc41a996290205e66836f1.germany_earns_bmw_bmw103.jpg?x=130&y=72&q=85&sig=6xqr7tNEvDzSouYH4Yoc5g--" align="left" height="72" width="130" alt="photo" title="FILE - In this March 18, 2008 file photo the company sign of German car manufacturer BMW is seen at the headquarters in Munich, southern Germany. German carmaker BMW AG says Tuesday Nov. 3, 2009 its net profit for the third quarter fell 74 percent to 78 million Euro (US$ 115 million) as a result of the global economic downturn. BMW, the world's biggest luxury car company by sales, says it delivered 7.2 percent fewer cars during the July-September period and that its revenue fell 6.6 percent to 11.8 billion Euro. (AP Photo/Uwe Lein, File)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091103/ap_on_bi_ge/us_us_eu ap/20091103/us_us_eu AP business Tue, 03 Nov 2009 21:41:18 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091103/ap_on_bi_ge/us_us_eu"><img src="http://d.yimg.com/a/p/ap/20091103/capt.72f243f711324cf89030fb06800f947c.obama_dcsw107.jpg?x=130&y=82&q=85&sig=.sbEWD_HgkxhRmJU4V1c3g--" align="left" height="82" width="130" alt="President Barack Obama, second from right, listens as Swedish Prime Minister Fredrik Reinfeldt, second from left, speaks during a meeting in the Cabinet Room of the White House in Washington, Tuesday, Nov. 3, 2009. European High Council High Representative Javier Solana is at left, and European Commission President Jose Manuel Barroso is at right. (AP Photo/Susan Walsh)" border="0" /></a>AP - President Barack Obama says he and European leaders agree it is imperative that they redouble efforts to reach a climate deal in Copenhagen in December.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http://news.yahoo.com/s/ap/20091103/ap_on_bi_ge/us_us_eu"><img src="http://d.yimg.com/a/p/ap/20091103/capt.72f243f711324cf89030fb06800f947c.obama_dcsw107.jpg?x=130&y=82&q=85&sig=.sbEWD_HgkxhRmJU4V1c3g--" align="left" height="82" width="130" alt="photo" title="President Barack Obama, second from right, listens as Swedish Prime Minister Fredrik Reinfeldt, second from left, speaks during a meeting in the Cabinet Room of the White House in Washington, Tuesday, Nov. 3, 2009. European High Council High Representative Javier Solana is at left, and European Commission President Jose Manuel Barroso is at right. (AP Photo/Susan Walsh)" border="0"/></a></p><br clear="all"/> (AP)