Yahoo! News: Europe News

Carmaker Dacia to halt production (AP) Posted: 11 Nov 2008 04:37 AM CST AP - French-Romanian carmaker Dacia and steelmaker Arcelor Mittal Hunedoara said they will temporarily halt production due to a sharp drop in sales as the world's economic turmoil hits Romania's industrial sector.

InterContinental profits tumble 28% (AFP) Posted: 11 Nov 2008 04:36 AM CST AFP - InterContinental Hotels Group said on Tuesday that its net profit dropped 28 percent to 91 million dollars (58 million pounds) in the third quarter, and that market conditions had since deteriorated sharply.

German investor confidence improves slightly (AP) Posted: 11 Nov 2008 04:35 AM CST AP - German investor confidence rose slightly in November, bolstered by rate cuts and state action to combat the economic slowdown, but remained well below its historical average, a closely watched survey showed Tuesday.

Europe marks 90th anniversary of WWI armistice (AP) Posted: 11 Nov 2008 04:34 AM CST AP - Leaders of a united Europe on Tuesday marked the 90th anniversary of the end of World War I, which tore the continent apart and cost millions of lives.

FTSE falls 0.98% when market opens (AFP) Posted: 11 Nov 2008 04:32 AM CST AFP - The London stock market opened on Tuesday with a fall of 0.98 percent at 4,360.91 points.

Vodafone net profit down 35%, plans cost cuts (AFP) Posted: 11 Nov 2008 04:29 AM CST AFP - Vodafone said on Tuesday that its net profit had slumped 35 percent in the first half of its financial year as it booked a hefty loss on the value of its Turkish business.

Vodafone's 1H profit falls; cost cuts boost shares (AP) Posted: 11 Nov 2008 04:23 AM CST AP - Vodafone Group PLC, the world's biggest mobile phone company by sales, said Tuesday its net profit fell 35 percent during the first half of the financial year. But shares rallied as the company announced 1 billion pounds ($1.56 billion) in cost cuts and stuck to its full-year profit forecast despite the global economic downturn.

Global crisis hits Russian arms makers (Reuters) Posted: 11 Nov 2008 04:00 AM CST Reuters - Russian arms manufacturers are experiencing cash flow problems because of the financial crisis and need help from state-controlled banks, the deputy prime minister in charge of the defense sector said Tuesday.

RWE 9 month net profit falls to 2.2 billion euros (AP) Posted: 11 Nov 2008 03:45 AM CST AP - German utility RWE AG said its net profit for the first nine months of the year decreased 22 percent as high costs offset rising sales. The company confirmed its outlook for the full year despite the global economic crisis.

Russian shares drop on lower oil prices (AP) Posted: 11 Nov 2008 03:42 AM CST AP - Russian stocks resumed their steep decline Tuesday, after regulators had suspended trading for an hour for excessive losses, with the benchmark indexes shedding 8 percent on the back of tumbling commodity prices.

Germany seeking Nazi suspect's extradition (AP) Posted: 10 Nov 2008 08:23 PM CST AP - Germany's top Nazi hunter on Monday asked Munich prosecutors to request the extradition of an 88-year-old Ohio man accused of bearing responsibility for the deaths of 29,000 Jews at a concentration camp in Poland.

British PM calls on US to reject protectionism (AP) Posted: 10 Nov 2008 06:51 PM CST AP - British Prime Minister Gordon Brown urged the United States on Monday to avoid moves toward protectionism in response to the world financial crisis, but said London will be Washington's closest ally in dealing with the slowdown.

Diplomats: Uranium found at suspect Syrian site (AP) Posted: 10 Nov 2008 03:46 PM CST AP - Samples taken from a Syrian site bombed by Israel on suspicion it was a covert nuclear reactor contained traces of uranium combined with other elements that merit further investigation, diplomats said Monday.

Italian transport workers strike, commuter chaos (AP) Posted: 10 Nov 2008 02:50 PM CST AP - Railway and mass transit workers in Italy staged a strike Monday, creating chaos for commuters, while a wildcat protest by some of Alitalia's staff forced the national airline to scrap dozens of flights.

German police remove anti-nuclear protesters (AP) Posted: 10 Nov 2008 12:58 PM CST AP - German police forcibly removed anti-nuclear protesters who had staged a sit-in outside a nuclear waste storage facility where 11 containers of reprocessed nuclear waste are to be stored.

Poland to exhume WWII commander's remains (AP) Posted: 10 Nov 2008 12:16 PM CST AP - The body of World War II prime minister and army commander Gen. Wladyslaw Sikorski will be exhumed as investigators probe whether he died in an accidental plane crash or was assassinated, a Polish official said Monday.

China skirts UN's questions on its torture record (AP) Posted: 10 Nov 2008 12:04 PM CST AP - China refused Monday to answer questions from a U.N. human rights panel about the alleged torture and disappearance of dissidents, or provide official figures on the mistreatment of detainees in its prisons.

New effort launched to fight anti-Semitism (AP) Posted: 10 Nov 2008 10:55 AM CST AP - Every few months in Austria, vandals topple tombstones in a Jewish cemetery and spray swastikas on the headstones.

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