Business in EuropeEuropean Economy Business Blog |
AP - The number of British people petitioning for bankruptcy jumped 7 percent in the third quarter, while company failures rose 13 percent, as the financial crisis hiked the cost of loans, Britain's Ministry of Justice reported Friday.
AP - A spokesman for automaker Adam Opel GmbH, which is owned by General Motors, says the company will seek help from the German government as the financial crisis grips European car makers.
AP - Nokia Corp., the world's largest cell phone maker, on Friday downgraded its outlook for industrywide mobile device volumes for the fourth quarter, citing pressure from the economic crisis and currency volatility.
AP - Cash-strapped Belarus will receive a $2 billion loan from Russia to help stabilize its struggling, Soviet-style economy, the government said Friday.
AP - European markets rose strongly Friday after hefty day-earlier gains on the U.S. and an overnight rally in Asia as investors bought up heavily sold-off stocks.