Archive for the 'Business in Europe' Category

Eurozone sinks into recession for first time (AFP)

AFP - The economy of the 15 nations sharing the euro has slumped into recession for the first time ever, EU data released Friday revealed, with GDP falling 0.2 percent in the second and third quarters.

AFP

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World stocks rally after Wall Street surge (AP)

AP - European and Asian markets spiked higher Friday after hefty day-earlier gains on Wall Street as investors bought up heavily sold-off stocks ahead of key U.S. economic data later.

AP

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EU, Russia seek to put ties back on track (Reuters)

Reuters - European and Russian leaders sought common ground on Friday on tackling the global financial crisis despite divisions over Georgia and European concerns about security and energy supplies from Russia.

Reuters

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EU: Euro-zone in recession (AP)

AP - The 15 countries that use the euro are officially in a recession, the European Union said Friday, as their economies shrank for a second straight quarter because of the world financial crisis and sinking demand.

AP

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EU approves Italian, Finnish bank rescue plans (AP)

AP - The European Commission gave its approval Friday to rescue plans drafted by Italy and Finland to help stabilize their national financial markets.

AP

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