Yahoo! News: Europe News

Tendulkar rock-solid as Test heads for exciting finish (AFP) Posted: 15 Dec 2008 03:56 AM CST AFP - Sachin Tendulkar kept India afloat with an unbeaten 65 as the first Test against England headed for a thrilling finish here on Monday.

RBS, Man Group reveal 650 mln pnd exposure to Madoff (AFP) Posted: 15 Dec 2008 03:55 AM CST AFP - British lender Royal Bank of Scotland and hedge fund manager Man Group revealed on Monday that they faced combined exposure of almost 650 million pounds to the Madoff scandal.

DSM issues profit warning, cuts staff (AP) Posted: 15 Dec 2008 03:49 AM CST AP - Dutch chemicals maker DSM NV said Monday it is cutting 1,000 jobs — 5 percent of its work force — to help it weather the global financial storm.

Irish bank shares jump on gov't euro10 billion pledge (AP) Posted: 15 Dec 2008 03:42 AM CST AP - Shares in Ireland's four publicly quoted banks rose Monday after the Irish government unveiled plans to invest up to euro10 billion ($13.5 billion) in them to restore international confidence in their financial strength.

Electrolux issues profit warning, cuts 3,000 jobs worldwide (AFP) Posted: 15 Dec 2008 03:41 AM CST AFP - Electrolux, the world's leading electric appliance maker, said on Monday it plans to cut 3,000 jobs worldwide and warned it would not meet its 2008 operating profit target due to declining demand.

UK house prices seen falling 10 percent in 2009 (AP) Posted: 15 Dec 2008 03:33 AM CST AP - House prices in Britain will fall a further 10 percent next year as the recession deepens and exacts a heavier toll on households, a leading housing index predicted on Monday.

RBS says Madoff could cost it 400 million pounds (AP) Posted: 15 Dec 2008 03:28 AM CST AP - Royal Bank of Scotland Group PLC said Monday it could lose 400 million pounds ($600 million) as a result of its exposure to hedge funds managed by arrested Wall Street investment manager Bernard Madoff, who is accused of running a $50 billion scheme to defraud investors.

ASEAN launches charter under shadow of crisis (Reuters) Posted: 15 Dec 2008 03:02 AM CST Reuters - Southeast Asian foreign ministers met on Monday to implement a charter setting up a bloc of half a billion people, but hopes of building a European Union-style community may be blown off course by the global economic crisis.

'Sex on the beach' Britons await Dubai expulsion: report (AFP) Posted: 15 Dec 2008 03:01 AM CST AFP - Two Britons who were spared jail after being convicted for having sex on a Dubai beach are now in police custody awaiting deportation, a local newspaper reported on Monday.

RBS says could lose 400 mln pnds from Madoff scandal (AFP) Posted: 15 Dec 2008 02:57 AM CST AFP - Britain's Royal Bank of Scotland said Monday that it could potentially lose about 400 million pounds from an alleged scam run by New York trader Bernard Madoff.

2 arrested in attack on German city police chief (AP) Posted: 15 Dec 2008 02:52 AM CST AP - German authorities have arrested two people in the near-fatal stabbing of a city police chief in a suspected right-wing attack.

Police thwart Moscow rally, seize 90-130 people (AP) Posted: 14 Dec 2008 03:57 PM CST AP - Police thwarted a banned anti-Kremlin protest in central Moscow on Sunday, seizing dozens of demonstrators and shoving them into trucks.

Ameican moved to Finland after Russia attack (AP) Posted: 14 Dec 2008 12:55 PM CST AP - The mother of an American exchange student who was stabbed in Russia says her son has been transferred to a hospital in Finland.

Swedish watchdog eyes Web site naming rapists (AP) Posted: 14 Dec 2008 12:05 PM CST AP - A government watchdog in Sweden is investigating a Web site that publishes the names of convicted sex offenders for potential breach of privacy, an official said Sunday.

Greece calm after 8 days of riots by angry youths (AP) Posted: 14 Dec 2008 11:07 AM CST AP - Athens was calm Sunday after eight days of the worst riots Greece has seen in decades, sparked by the police killing of a teenager.

Chertoff: Obama shouldn't rush on Guantanamo Bay (AP) Posted: 14 Dec 2008 08:44 AM CST AP - U.S. Homeland Security Secretary Michael Chertoff said on Sunday that President-elect Barack Obama shouldn't rush to close Guantanamo Bay before he has a plan to deal with all the detainees.

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