Business in EuropeEuropean Economy Business Blog |
AP - Serbia said Friday it has reached a deal with the International Monetary Fund to get a loan in case of emergencies to counter the global financial crisis and increase the Balkan country's credit worthiness.
AP - Government data show that the Italian economy is officially in recession. Europe's fourth-largest economy recorded negative growth for the second consecutive quarter in the third quarter.
Reuters - World leaders headed to Washington on Friday to discuss ways to protect the global economy from a repeat of the worst financial crisis in 80 years.
AFP - Russia's President Dmitry Medvedev meets EU leaders on Friday to hammer out proposals to put to a global summit on the international financial turmoil.
AP - The euro rose against the dollar on Friday as investors looked toward a Group of 20 meeting in Washington this weekend on hopes of help for the world economy.