Business in EuropeEuropean Economy Business Blog |
AP - Swedish truck and bus maker Volvo AB Tuesday said it will lay off 1,000 staff at its powertrain unit in Sweden and the United States as the global financial crisis continues to weigh on the demand for heavy vehicles.
Comments Off AP - Europe's stock markets traded sharply lower Tuesday ahead of expected losses on Wall Street amid concerns about the world economy following downbeat corporate news in the U.S. Asian markets closed sharply lower.
Comments Off AP - The ruble slipped sharply against major currencies Tuesday after the Central Bank's top official suggested Russia may stop defending its currency from falling.
Comments Off AP - The financial crisis has hit Britons' hopes for early retirement.
Comments Off AP - Share prices were lower at midday Tuesday on the London Stock Exchange.