Europe Business News

Bank of England, European Central Bank Make Aggressive Cuts in Key Interest Rates

The Bank of England cut interest rates to World War II levels and the European Central Bank made the deepest rate cut in its 10-year history, as Europe's two main central banks moved yesterday to combat a deepening economic...

World markets lower ahead of key US jobs data

Europe's stock markets closed modestly lower Thursday, despite hefty interest rate cuts across the continent. Wall Street fell amid further grim corporate and economic news ahead of Friday's crucial U.S. jobs report for November.

Is Europe's Central Bank Missing the Crisis?

Throwing a lifeline to Europe's rapidly sinking economy, the European Central Bank today announced the deepest interest rate cut in its 10-year history, a clear sign that it has made rescuing the economy its top priority. The...

New J.K. Rowling book goes on sale around world

J.K. Rowling shows off her latest work, The Tales of Beedle the Bard, at a children's tea party in her hometown of Edinburgh, Scotland By Ben Mcconville, Associated Press EDINBURGH, Scotland — The latest magical tome by J.K....

Putin Aims to Assuage Citizens' Economic Concerns

MOSCOW, Dec. 4 -- Confronting growing public anxiety over a faltering economy, Prime Minister Vladimir Putin assured Russians on Thursday the country would make it through the global financial crisis with "minimal losses" and...

Russia's Medvedev set to sign nuclear deal in India (AFP)

by Stuart Williams Stuart Williams – 4 mins ago AFP – Indian Minister of State for External Afairs Anand Sharma (right) shakes hands with Russian President … NEW DELHI, Dec 5, 2008 (AFP) – President Dmitry Medvedev is scheduled...

French Stimulus Plan Is Latest E.U. Effort to Boost Economy

PARIS, Dec. 4 -- Facing a drastic slowdown, France announced a $33 billion economic stimulus plan Thursday, including cash payments to the poor, a bigger rebate on new car purchases and a speedup in high-cost public works...

Oil slips under $44

Crude drops as European rate cuts emphasize economic weakness and a decline in world energy demand. Oil prices fell to nearly a 4-year low Thursday, dipping below the $44-a-barrel mark, as concern about the economies of Europe...

Recession Clouds Chances for EU Climate Treaty

By LEILA ABBOUD PARIS -- Poland has opposed an EU climate pact because, it argues, the rules will cause huge increases in electricity prices and potentially cripple its economy. French President Nicolas Sarkozy is scheduled to...

Europe Markets: European shares end lower after rate cuts

Credit Suisse shakes off early weakness, Philips falls LONDON (MarketWatch) - European shares fell Thursday, paced by drug stocks, as investors took on board expected sharp interest-rate cuts from both the European Central Bank...

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