Yahoo! News: Europe News

Home searched in UK investigation of 7/7 bombings (AP)

Posted: 08 Oct 2008 04:26 AM CDT

AP - Police say they are searching an apartment in the northern English city of Leeds as part of the investigation into the London bombings on July 7, 2005.

Volvo Cars to slash more than 3,000 jobs (AP)

Posted: 08 Oct 2008 04:25 AM CDT

AP - Ford-owned carmaker Volvo Cars said Wednesday it will slash more than 13 percent of its work force because of falling global demand.

British government steps in to help banks (AP)

Posted: 08 Oct 2008 04:22 AM CDT

AP - The British government said Wednesday it would partly nationalize major banks, with taxpayers taking a share stake in a bid to shore up a financial sector that many investors feared could not survive the global turmoil without government help.

Govt part-nationalises eight main banks in bailout (AFP)

Posted: 08 Oct 2008 04:15 AM CDT

AFP - The government has announced a part-nationalisation of the country's eight main banks as part of a package worth up to 500 billion pounds to prevent a collapse of the banking system.

Govt vows to protect Icesave customers (AFP)

Posted: 08 Oct 2008 03:47 AM CDT

AFP - The government on Wednesday vowed to protect customers with savings in an online Icelandic bank, saying Reykjavik was refusing to honour its obligations.

Volvo Cars to cut some 3,000 more jobs (AFP)

Posted: 08 Oct 2008 03:44 AM CDT

AFP - Beleaguered Swedish car maker Volvo, a unit of US auto giant Ford, said Wednesday it planned to cut more than 3,000 jobs in Sweden and abroad in addition to the 2,000 cuts announced earlier this year.

Brown: UK taking legal action against Iceland (AP)

Posted: 08 Oct 2008 03:40 AM CDT

AP - Prime Minister Gordon Brown says the U.K. will take legal action to recover money held by British savers in branches of troubled Icelandic banks.

Posted: 08 Oct 2008 03:39 AM CDT

Reuters - Republican vice presidential nominee Sarah Palin is distantly related to the late Princess Diana and late U.S. President Franklin Roosevelt, genealogy experts said on Wednesday.

Credit crunch forces London Olympic bosses to recalculate (AFP)

Posted: 08 Oct 2008 03:20 AM CDT

AFP - London's Olympic chiefs are having to rework their budgets as the global credit crunch squeezes private funding for the 2012 Games -- although Team GB's success in Beijing has helped boost the coffers.

London stock market dives 7% (AFP)

Posted: 08 Oct 2008 03:18 AM CDT

AFP - London's FTSE 100 index of top shares briefly plunged by more than seven percent early on Wednesday after the government announced the part-nationalisation of eight banks and amid a sell-off worldwide.

List of recent Nobel Prize in chemistry winners (AP)

Posted: 08 Oct 2008 03:17 AM CDT

AP - Recent winners of the Nobel Prize in chemistry, and their research, according to the Nobel Foundation:

Russian forces in Georgia appear to begin pullout (AP)

Posted: 08 Oct 2008 02:49 AM CDT

AP - Russian forces began the final stage of a pullback from positions outside Georgia's separatist South Ossetia region, bulldozing a camp at a key checkpoint as EU monitors looked on. A Russian general said the withdrawal would be completed Wednesday.

US, Japan favored for Nobel chemistry prize (AP)

Posted: 08 Oct 2008 02:45 AM CDT

AP - U.S. and Japanese researchers are among the favorites to win the Nobel Prize in chemistry, but don't expect any recent discoveries to get the nod.

Maldives votes in first democratic election (AP)

Posted: 08 Oct 2008 02:33 AM CDT

AP - Islanders in the cramped city of Male and scores of far-flung atolls began voting Wednesday in the first democratic presidential election in their tiny nation's history.

Iceland teeters on the brink of bankruptcy (AP)

Posted: 07 Oct 2008 07:07 PM CDT

AP - This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown.

Far-right Austria governor isolates asylum seekers (AP)

Posted: 07 Oct 2008 06:01 PM CDT

AP - Far-right Gov. Joerg Haider has set up a facility in the remote mountains of southern Austria to handle asylum seekers suspected as criminals, saying they need to be isolated to protect the people in the area.

British defuse IRA dissident bomb in N.Ireland (AP)

Posted: 07 Oct 2008 04:15 PM CDT

AP - British army experts have defused a roadside bomb planted by Irish Republican Army dissidents in Northern Ireland four days after finding it.

European Union tested by world economic crisis (AP)

Posted: 07 Oct 2008 04:00 PM CDT

AP - Wall Street's woes extend far beyond Main Street and all the way to Law Street the hulking headquarters of the European Union.

Vatican No. 2: Pius protected Jews during WWII (AP)

Posted: 07 Oct 2008 02:15 PM CDT

AP - The Vatican stepped up its defense of Pope Pius XII on Tuesday, countering allegations the wartime pontiff was silent about the Holocaust by saying he saved Jews through his prudent diplomacy.