Yahoo! News: Europe News

Societe Generale expects euro2B profit for 2008 (AP) Posted: 21 Jan 2009 03:15 AM CST AP - French bank Societe Generale said Wednesday it expects to report euro2 billion ($2.59 billion) in net profit for 2008 and to break even for the fourth quarter despite an exceptionally rocky year.

Strauss wants team to "think on their feet" (AFP) Posted: 21 Jan 2009 03:14 AM CST AFP - New captain Andrew Strauss said he wanted England's players to "think on their feet" as he outlined his vision for the team ahead of their tour of the West Indies.

Hypo Real Estate gets euro12B more in state funding (AP) Posted: 21 Jan 2009 03:05 AM CST AP - Stricken real estate bank Hypo Real Estate Group secured another euro12 billion ($15.6 billion) in loan guarantees from the German state, bringing its total to euro42 billion as it struggles amid shaky financial markets.

Murray no Aussie Open favourite, storms Djokovic (AFP) Posted: 21 Jan 2009 02:57 AM CST AFP - Defending champion Novak Djokovic angrily rejected suggestions Andy Murray had overtaken him in the pecking order after roaring into the Australian Open's third round on Wednesday.

Novartis gets approval to market 4 drugs in Japan (AP) Posted: 21 Jan 2009 02:49 AM CST AP - Novartis AG said Wednesday it has received approval in Japan to market four drugs to treat asthma, cancer, hypertension and blindness.

SAfrica crew arrested over drugs haul at Heathrow (AFP) Posted: 21 Jan 2009 02:47 AM CST AFP - The crew of a South African Airways plane have been arrested after more than 310,000 pounds worth of cannabis and cocaine was found on a Johannesburg-London flight, customs officials said.

BoE plans 'unconventional' attack on inflation (AFP) Posted: 21 Jan 2009 02:45 AM CST AFP - The central bank is considering increasing money supply to ensure growth does not slow so much that inflation falls below target.

London stocks fall (AFP) Posted: 21 Jan 2009 02:40 AM CST AFP - The London stock market opened down on Wednesday as concerns grow about the wellbeing of Britain's financial sector, just days after the government launched another huge bank bailout programme

Ericsson reports profit drop, to cut 5,000 jobs (AP) Posted: 21 Jan 2009 02:20 AM CST AP - Wireless equipment maker LM Ericsson on Wednesday posted a 31 percent drop in fourth-quarter net profit, partly due to weaker handset sales, and said it would slash 5,000 jobs to cut costs.

2 British mutual banks to merge (AP) Posted: 21 Jan 2009 02:12 AM CST AP - Two of Britain's largest mutual banks said Wednesday they will merge to form a financial business with 70 billion pounds ($98 billion) in assets and more than 9 million customers.

Worldwide hopes soar for Obama inauguration (AP) Posted: 20 Jan 2009 08:16 PM CST AP - The arrival of a new American president triggered joy and jubilation Tuesday in a world made weary by warfare, recession and fear. Bulls and goats were slaughtered for feasts in Kenya, toasts were offered at black-tie balls in Europe and shamans in Latin America chanted Barack Obama's name with reverence.

Chechens protest killing of prominent lawyer (AP) Posted: 20 Jan 2009 11:31 AM CST AP - Hundreds of people rallied in the Chechen capital Tuesday to protest the slaying of a lawyer who opposed the early release of a Russian army officer convicted of strangling an 18-year-old Chechen woman.

UK hacker asks court to stop extradition to US (AP) Posted: 20 Jan 2009 11:15 AM CST AP - Lawyers for a British man accused of hacking into U.S. military computers asked Britain's High Court Tuesday to block his extradition to the United States.

Strife continues over art looted by Nazis (AP) Posted: 20 Jan 2009 09:19 AM CST AP - A Jewish man fighting to regain possession of thousands of rare posters seized from his father by the Nazis appeared to score a victory on Tuesday when a Berlin court indicated it believed his father was the owner in 1938 when they were taken.

Iran ready to open to energy ties with EU (AP) Posted: 20 Jan 2009 07:29 AM CST AP - Iran said Tuesday it is ready to open talks with the European Union to forge closer energy ties.

Flushed away: EU artwork removes Bulgarian toilet (AP) Posted: 20 Jan 2009 07:21 AM CST AP - An art installation of the European Union presidency on Tuesday covered up the part that showed Bulgaria as a squat toilet after protests from the aggrieved nation.

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