Yahoo! News: Europe News

London shares slump more than 5% (AFP) Posted: 27 Oct 2008 03:21 AM CDT AFP - The London stock market tumbled by more than five percent on Monday, with the FTSE 100 index of leading shares down 5.62 percent at 3,665.21 points shortly after the open.

German pharma group Merck posts solid third-quarter results (AFP) Posted: 27 Oct 2008 02:44 AM CDT AFP - The German pharmaceutical and chemical group Merck posted on Monday a solid third-quarter profit and expressed confidence despite the international economic crisis.

UK's Brown hints at further joint rate cuts: report (Reuters) Posted: 27 Oct 2008 02:32 AM CDT Reuters - British Prime Minister Gordon Brown has hinted at the possibility that lower inflation thanks to falling oil prices could prompt central banks around the world to make more joint interest rate cuts, the BBC reported.

IMF pledges support for Ukraine and Hungary (AP) Posted: 26 Oct 2008 11:02 PM CDT AP - WASHINGTON AP) — Seeking to combat a spreading global financial crisis, the International Monetary Fund said Sunday it had reached a tentative agreement to provide Ukraine with $16.5 billion in loans and announced that emergency assistance for Hungary had cleared a key hurdle.

Hungary and IMF agree on rescue package (Reuters) Posted: 26 Oct 2008 08:31 PM CDT Reuters - Hungary has reached agreement with the International Monetary Fund and European Union on a broad economic rescue package, including substantial financing, to stabilize its economy rocked by the global financial crisis, the IMF said on Sunday.

Reluctant groom sets hotel on fire (Reuters) Posted: 26 Oct 2008 08:23 PM CDT Reuters - A Japanese man set fire to the hotel where he was due to get married at the weekend, rather than go through with the ceremony later the same day, newspaper reports said Monday.

Prince Harry bids to become helicopter pilot (AFP) Posted: 26 Oct 2008 07:20 PM CDT AFP - Prince Harry has begun a tough selection process in an attempt to become a helicopter pilot with the army, his official residence Clarence House said Monday.

Lithuania's Conservatives win election: partial results (AFP) Posted: 26 Oct 2008 04:57 PM CDT AFP - Lithuania's opposition Conservatives trounced the ruling Social Democrats in a general election run-off, partial results showed Sunday, putting them on the verge of power for the first time since 2000.

Runners camp, sleep in barns as floods cancel race (AP) Posted: 26 Oct 2008 03:40 PM CDT AP - Hundreds of mountain runners spent the night in tents and hastily organized shelters after a long-distance race in England's Lake District was called off due to heavy rain and flooding, British authorities said Sunday.

Betancourt compares her ordeal to Austrian crimes (AP) Posted: 26 Oct 2008 10:47 AM CDT AP - Former Colombian hostage Ingrid Betancourt compared her experience to two headline-grabbing Austrian crimes, saying Sunday that she sympathized with a family kept in a cellar and planned to meet a woman held by a kidnapper for more than eight years.

Pope to visit 2 African countries in March (AP) Posted: 26 Oct 2008 10:18 AM CDT AP - Pope Benedict XVI announced Sunday he will make his first papal pilgrimage to Africa — a continent where the Catholic Church is growing — with visits next year to Cameroon and Angola.

Pope decries Christians' killings in Iraq, India (AP) Posted: 26 Oct 2008 08:51 AM CDT AP - Pope Benedict XVI decried the killing of Christians in Iraq and India and appealed on Sunday for political and religious leaders to defend them.

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