Archive for the 'Business in Europe' Category

British Airways loses 49 million pounds in 1H (AP)

AP - British Airways PLC on Friday reported a first-half loss of 49 million pounds ($77 million), as chief executive Willie Walsh said record high oil prices and a global economic slowdown meant the period would "be remembered as one of the bleakest on record."

AP

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London stocks rise 0.50% as market opens (AFP)

The stock market here rose by 0.50 percent when the market opened on Friday, and the FTSE 100 index stood at 4,293.69 points.(AFP/File/Ben Stansall)AFP - The stock market here rose by 0.50 percent when the market opened on Friday, and the FTSE 100 index stood at 4,293.69 points.

AFP

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Spain tries to win invite to summit in US (AP)

AP - Spain, pressing for an invitation to next week's global financial crisis summit in Washington, has won French support to attend as an observer, officials said Thursday.

AP

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Scottish special election a test for UK’s Brown (AP)

The Labour Party's Glenrothes by-election candidate Lindsay Roy, right, and former Labour Party government minister John Prescott campaign in Glenrothes Scotland Wednesday Nov, 5, 2008. British Prime Minister Gordon Brown is not on the ballot, but the special election in Scotland on Thursday will indicate whether his response to the world economic crisis has revived his flagging electoral fortunes. The election in Glenrothes, a small former coal mining town, is the first since Brown launched an unprecedented and widely praised 37 billion pound (US$63 billion) bailout of some of Britain's leading banks last month. The slogan on the banner refers to the Scottish National Party who are expected to be the Labour Party's main opposition for the parliamentary seat.. (AP Photo/Danny Lawson/PA)AP - A special election Thursday in Scotland is being seen as a measure of whether Prime Minister Gordon Brown's handling of the global financial crisis has raised his popularity.

AP

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London FTSE slumps on rates cuts (AFP)

The FTSE 100 Index slumped for a second consecutive day Thursday as investors viewed interest rate cuts by the Bank of England and European Central Bank as a sign the regional economy is in a far worse state than originally thought.(AFP/File/Shaun Curry)AFP - The FTSE 100 Index slumped for a second consecutive day Thursday as investors viewed interest rate cuts by the Bank of England and European Central Bank as a sign the regional economy is in a far worse state than originally thought.

AFP

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  • OPEC slashes production; crude continues to tumble (AP)