Yahoo! News: Europe News

UK new car sales down 37 percent in November (AP) Posted: 04 Dec 2008 04:01 AM CST AP - New car sales in Britain fell 37 percent in November compared to the same month in 2007, with total sales hovering just above 100,000, another sign the automotive sector is being hit hard by the financial crisis, an industry group said Thursday.

Stock market opens down (AFP) Posted: 04 Dec 2008 03:57 AM CST AFP - The London stock market opened down slightly on Thursday as investors awaited a key interest rate decision from the Bank of England.

France to unveil economic stimulus package (AP) Posted: 04 Dec 2008 03:55 AM CST AP - The struggling French auto and construction sectors are expected to be among the main beneficiaries of an economic stimulus package that President Nicolas Sarkozy will unveil later Thursday.

Credit Suisse cuts 5,300 jobs worldwide (AP) Posted: 04 Dec 2008 03:53 AM CST AP - Credit Suisse Group said Thursday it is cutting 5,300 jobs — about 11 percent of its global work force — in a bid to reduce costs and take its business back into the black.

Putin says Russia will survive "difficult period" (Reuters) Posted: 04 Dec 2008 03:51 AM CST Reuters - Prime Minister Vladimir Putin vowed on Thursday that Russia would come through the global economic crisis with "minimal losses" and pledged not to allow a sharp devaluation of the rouble.

Philips issues profit warning for fourth quarter (AP) Posted: 04 Dec 2008 03:50 AM CST AP - Royal Philips Electronics NV has warned of deteriorating conditions in its markets and says it expects additional charges and write downs of euro1.1 billion ($1.4 billion) in the fourth quarter.

Credit Suisse issues profit warning, announces big job cuts (AFP) Posted: 04 Dec 2008 03:40 AM CST AFP - Swiss banking giant Credit Suisse said Thursday it would slash 5,300 jobs in a bid to save 2.0 billion Swiss francs (1.65 billion dollars), as it sustained further losses due to the financial crisis.

Russian president optimistic about ties with US (AP) Posted: 04 Dec 2008 03:37 AM CST AP - President Dmitry Medvedev said he hopes Russia's relations with the United States improve after President-elect Barack Obama takes office, according to an interview released Thursday.

Philips may no longer meet 2010 earnings per share target (AFP) Posted: 04 Dec 2008 03:36 AM CST AFP - Dutch medical and consumer electronics giant Philips said Thursday it no longer expected to meet its target of doubling earnings before interest, tax and amortisation (Ebita) per share by 2010.

Swedish Riksbank cuts interest rate by 1.75 points (AP) Posted: 04 Dec 2008 03:32 AM CST AP - Sweden's central bank on Thursday cut its key interest rate by a record 1.75 percent to 2 percent to soften the fall in the economy triggered by the global financial crisis.

UK trash man to keep sliced up cash (AP) Posted: 03 Dec 2008 04:35 PM CST AP - British police say a trash collector can hold on to the mound of mutilated cash he found stuffed into a wastebasket in the English town of Lincoln earlier this year.

92 nations sign cluster-bomb ban; US, Russia don't (AP) Posted: 03 Dec 2008 03:27 PM CST AP - An Afghan teenager who lost both legs in a cluster bomb explosion helped persuade his country to change its stance and join nearly 100 nations in signing a treaty Wednesday banning the disputed weapons.

Russia to send warship through Panama Canal (AP) Posted: 03 Dec 2008 02:53 PM CST AP - Russia said Wednesday it is sending a warship through the Panama Canal for the first time since World War II, a short journey loaded with symbolic weight: the destroyer will dock at a former U.S. naval base, showcasing Russia's growing influence in the region.

US soldier faces hearing in 2007 deaths of Iraqis (AP) Posted: 03 Dec 2008 02:48 PM CST AP - A military court heard conflicting testimony Wednesday about whether a U.S. Army sergeant helped kill four Iraqis who were bound, blindfolded, shot and dumped in a Baghdad canal last year.

Doctors' panel won't rule on 'miracles' at Lourdes (AP) Posted: 03 Dec 2008 02:10 PM CST AP - An international doctors' panel appointed by the Roman Catholic Church says it's getting out of the "miracle" business at Lourdes.

Human noise drowns out song of whales (AP) Posted: 03 Dec 2008 01:48 PM CST AP - The songs that whales and dolphins use to communicate, orient themselves and find mates are being drowned out by human-made noises in the world's oceans, U.N. officials and environmental groups said Wednesday.

French aid worker freed in Afghanistan (AP) Posted: 03 Dec 2008 01:16 PM CST AP - A French aid worker kidnapped at gunpoint in the Afghan capital and later seen in an emotional hostage video was released by his captors Wednesday and is "doing well," President Nicolas Sarkozy announced.

German priest finds live baby laid in manger (AP) Posted: 03 Dec 2008 01:03 PM CST AP - Police say a baby boy whose troubled mother laid him in the manger of a church nativity in hopes that someone would find and care for him is doing well.

Obama's election brings hope to climate talks (AP) Posted: 03 Dec 2008 12:52 PM CST AP - Barack Obama's upcoming presidency has infused a sense of hope in the current U.N. climate talks that the United States — one of the world's biggest polluters — may soon emerge as a global leader in saving the planet from environmental disaster.

Spain: Businessman is shot, killed in ETA attack (AP) Posted: 03 Dec 2008 12:40 PM CST AP - A suspected Basque separatist gunman firing at close range killed a businessman Wednesday, two weeks after the arrest of the militant group ETA's leader, officials said.

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