Yahoo! News: Europe News

Germany's BayernLB to cut 5,600 jobs (AP) Posted: 01 Dec 2008 03:34 AM CST AP - State bank BayernLB plans to slash more than a quarter of its work force, cutting 5,600 jobs out of 19,000, a source close to the bank said Monday.

Global recession rocks Asian and European industry (Reuters) Posted: 01 Dec 2008 03:26 AM CST Reuters - European and Chinese industry activity slumped in November, Japanese officials said their economy was slowing rapidly and U.S. retailers slashed prices to lure shoppers as recession took a grip.

German retail sales down 1.5 percent in Oct. (AP) Posted: 01 Dec 2008 03:21 AM CST AP - Retail sales in Europe's biggest economy fell 1.5 percent in October from last year as recession fears dampened spending by German consumers.

Romania: early count shows president's party ahead (AP) Posted: 01 Dec 2008 03:09 AM CST AP - The centrist party supported by Romania's president was leading in the country's parliamentary elections, according to early results Monday.

London Scottish Bank goes into administration (AP) Posted: 01 Dec 2008 03:08 AM CST AP - London Scottish Bank, which specializes in unsecured consumer lending and debt collection, said Monday it has gone into administration.

Ryanair makes new bid for Aer Lingus (Reuters) Posted: 01 Dec 2008 02:46 AM CST Reuters - Ryanair , Europe's largest low-cost airline, on Monday offered to buy Irish rival Aer Lingus for 750 million euros ($970.4 million) or just half the price of its bid in 2006 which was blocked by the European Union.

RBS to give struggling homeowners more time to pay (AP) Posted: 01 Dec 2008 02:37 AM CST AP - Royal Bank of Scotland Group PLC said Monday it would give homeowners who miss mortgage payments at least six months before starting repossession action — double the three months it used to give.

Ryanair bids 748 mln euros for Aer Lingus (AFP) Posted: 01 Dec 2008 02:36 AM CST AFP - Irish low-fare airline Ryanair said Monday it had launched a 748-million-euro (950-million-dollar) offer for rival Aer Lingus, in which it already has a near 30-percent stake.

German retail sales fall by 1.6 percent in October: statistics (AFP) Posted: 01 Dec 2008 02:25 AM CST AFP - German retail sales plunged by 1.6 percent in October from the previous month, preliminary data showed on Monday, catching economists by surprise and underscoring by how much consumers are tightening their belts as Europe's biggest economy falls into recession.

Report: Russia to upgrade missiles (AP) Posted: 01 Dec 2008 02:19 AM CST AP - The Russian military will upgrade its missiles in response to U.S. plans for weapons in space, a top Russian general reportedly said Monday.

UN: Financial crisis delaying green projects (AP) Posted: 30 Nov 2008 11:28 PM CST AP - The global financial crisis already has delayed some green energy projects, stoking fears that a shortage of investment money will lead to cheap and dirty decisions on new power plants, the U.N.'s top climate official said.

International hotels draw elites and terror threat (AP) Posted: 30 Nov 2008 08:34 PM CST AP - Consider how a city looks to a terrorist seeking targets. There's the airport — inviting, but heavily secured. There's the U.S. Embassy, perimeter guarded by crack local forces and Marines. And there's the plush international hotel, open to anyone with a decent outfit and money for a cup of coffee.

Swiss approve pioneering legal heroin program (AP) Posted: 30 Nov 2008 04:10 PM CST AP - The world's most comprehensive legalized heroin program became permanent Sunday with overwhelming approval from Swiss voters who simultaneously rejected the decriminalization of marijuana.

A glance at heroin laws around Europe (AP) Posted: 30 Nov 2008 12:32 PM CST AP - Countries with prescription heroin treatment for addicts:

Spanish government to probe Guantanamo flights (AP) Posted: 30 Nov 2008 10:52 AM CST AP - Spain will investigate whether a previous government allowed Spanish territory to be used to transport captured terrorism suspects to Guantanamo Bay, the Foreign Ministry said Sunday.

Hundreds protest Russian journalist's beating (AP) Posted: 30 Nov 2008 10:27 AM CST AP - A few hundred people have demonstrated in the Russian capital to protest an attack on a crusading journalist.

Muslim convert turns to politics in Italy (AP) Posted: 30 Nov 2008 10:23 AM CST AP - An Egyptian-born writer who renounced Islam and was baptized by Pope Benedict XVI said Sunday that he has formed a political party that would enter candidates in next year's EU elections.

Problems prompt manual docking at space station (AP) Posted: 30 Nov 2008 10:16 AM CST AP - A Russian cosmonaut used a joystick to guide a modernized cargo ship to the international space station Sunday after problems with an automated system prompted a last-minute switch to a manual docking.

Record camera collection kept in Athens basement (AP) Posted: 30 Nov 2008 09:07 AM CST AP - This month, the movie camera collection of retired postman Dimitris Pistiolas made it into the Guinness World Records — for the eighth time.

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