Archive for the 'Business in Europe' Category

EU business lobby opposes pollution fees plan (AP)

AP - The EU business lobby urged the European Union Thursday to drop anti-pollution plans that could increase costs for companies, saying the current financial crisis is already badly hurting their competitiveness.

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ECB cuts rates by 50 basis points, more action expected (Reuters)

Reuters - The European Central Bank slashed interest rates by 50 basis points on Thursday, hoping to breathe life into the euro zone economy as it faces its first recession.

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FTSE 100 down 168.96 at 4,361.77 (AP)

AP - Share prices on the London Stock Exchange were lower at midday Thursday.

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Britons registered 23 pct fewer new cars in Oct. (AP)

AP - Britons registered 23 percent fewer new cars this October than they did in the same month last year as the economic downturn discouraged people from buying new cars, Britain's car manufacturing society said Thursday.

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BoE slashes interest rates to 3 percent (AP)

AP - The Bank of England slashed its benchmark interest rate by 1.5 percentage points on Thursday, a bold cut that far exceeded economists' expectations and reflected fears that Britain is headed for a prolonged, deep recession.

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