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Berlin (dpa) - A weak dollar and falling world stock prices have helped to lay the foundations for corporate Europe to launch a round of takeover moves and to activate strategic business investment plans around the world. With the euro trading just short of its all-time high of more than $1.60 and share indices having sunk in the face of concerns about the credit crunch and spiraling inflation, leading companies from the 15-member eurozone have stepped up a drive to strengthen their global business empires. This includes merger deals and big investments in a range of industries from banking, through to the car sector and the brewery business as well as even the sugar market. Indeed, the number of European corporate takeovers in the U.S. is now back up close to the record level it hit during the economic upswing triggered by... [read full story]
