Yahoo! News: Europe News

After several centuries, Mortlake Brewery to close (AP) Posted: 29 Jan 2009 02:38 AM CST AP - They say booze is recession proof — that people don't quit drinking when times are tough.

Shell posts 2.8 bln dlr loss in fourth quarter (AFP) Posted: 29 Jan 2009 02:35 AM CST AFP - Anglo-Dutch energy giant Royal Dutch Shell said Thursday it made a loss of 1.79 billion pounds in the final quarter of 2008 as it took a hit on the value of its oil inventories.

French strike nationwide over economic crisis (Reuters) Posted: 29 Jan 2009 02:26 AM CST Reuters - Hundreds of thousands of French workers staged a nationwide strike on Thursday to try to force President Nicolas Sarkozy and business leaders to do more to protect jobs and wages during the economic crisis.

H&M profits rise, to create up to 7,000 jobs (AFP) Posted: 29 Jan 2009 02:01 AM CST AFP - Sweden's cheap'n chic fashion chain H&M bucked the economic gloom and doom on Thursday to report strong profit gains for its fourth quarter and forecast more to come this year.

Shell reports $2.81 billion loss in fourth quarter (AP) Posted: 29 Jan 2009 01:57 AM CST AP - Royal Dutch Shell PLC, Europe's largest oil company, has reported a $2.81 billion net loss for the fourth quarter as the price of oil fell sharply and it wrote down the value of its inventory.

Arctic's thawing seas may bring new security risks (AP) Posted: 29 Jan 2009 12:05 AM CST AP - NATO commanders and lawmakers from alliance nations were gathering Thursday to examine the risks posed by the thawing Arctic Circle and the prospect of standoffs among nations rushing to lay claim to the energy reserves there.

South Korean bio firm says dog cloning to be cheaper (Reuters) Posted: 28 Jan 2009 11:56 PM CST Reuters - Cloning a Chow Chow is expected to be easier and perhaps as much as 50 percent less costly, a South Korean biotech firm said on Thursday as it unveiled a new cloning technology.

Wilkins defends Scolari after Chelsea card controversy (AFP) Posted: 28 Jan 2009 07:34 PM CST AFP - Chelsea assistant manager Ray Wilkins defended Luiz Felipe Scolari after the Blues boss appeared to encourage referee Lee Probert to send off a Middlesbrough player at Stamford Bridge.

Infamous New York Plaza penthouse back on market (Reuters) Posted: 28 Jan 2009 07:24 PM CST Reuters - That $53.5 million (37.6 million pound) New York penthouse apartment, derided by its last owner as "attic-like" with oppressive ceilings and a terrible view of Central Park, is back on the market.

Paris' haute couture designers snub recession (AP) Posted: 28 Jan 2009 07:22 PM CST AP - Paris' haute couture designers turned up their noses at the recession, delivering opulent spring-summer collections that obstinately refused to pay the gloomy global economic situation any mind.

China: cautiously optimistic on economy (AP) Posted: 28 Jan 2009 04:49 PM CST AP - Chinese Premier Wen Jiabo brought cautious optimism to the World Economic Forum Wednesday, predicting that his country will achieve its target of 8 percent economic growth this year despite the global financial meltdown.

Israel's chief rabbinate severs ties with Vatican (AP) Posted: 28 Jan 2009 04:27 PM CST AP - Israel's chief rabbinate severed ties with the Vatican on Wednesday to protest a papal decision to reinstate a bishop who publicly denied 6 million Jews were killed during the Holocaust. The Jewish state's highest religious authority sent a letter to the Holy See expressing "sorrow and pain" at the papal decision.

UK financial regulator calls for world watchdog (AP) Posted: 28 Jan 2009 04:22 PM CST AP - Britain's top financial regulator said Wednesday institutions such as the International Monetary Fund must tackle the economic crisis, but that global rules — and perhaps even a world regulatory body — will be needed eventually.

Putin calls financial crisis a 'perfect storm' (AP) Posted: 28 Jan 2009 04:21 PM CST AP - Russian Prime Minister Vladimir Putin called the world financial crisis a "perfect storm" whose destructive powers were multiplied worldwide, and urged economic rivals to work together to find an exit route.

Schools founder Mary Crist Fleming dies at 98 (AP) Posted: 28 Jan 2009 03:26 PM CST AP - Mary Crist Fleming, founder of American schools abroad, has died. She was 98.

Scandinavian chefs top Bocuse d'Or winners' list (AP) Posted: 28 Jan 2009 03:17 PM CST AP - A Norwegian chef, Geir Skeie, won France's Bocuse d'Or cooking prize Wednesday, beating out 23 other contestants to turn out the tastiest meat and fish dishes during a tense two-day contest.

Russia official says backing off on missile threat (AP) Posted: 28 Jan 2009 02:13 PM CST AP - A Russian military official said Wednesday that Moscow was backing off a threat to deploy missiles near Poland, according to a report that may have been aimed at testing President Barack Obama's intent to build a European missile shield.

Karadzic says his indictment should be shortened (AP) Posted: 28 Jan 2009 01:49 PM CST AP - Former Bosnian Serb leader Radovan Karadzic said in a motion published Wednesday that judges at the Yugoslav war crimes tribunal should order prosecutors to cut down his indictment or risk his trial taking years to complete.

France to cut foreign deployments by 15 percent (AP) Posted: 28 Jan 2009 01:49 PM CST AP - France plans to call home 15 percent of its 13,000 troops overseas, pulling forces out of Chad and Ivory Coast as part of a new doctrine of more selective foreign deployments, Prime Minister Francois Fillon announced Wednesday.

Austria arrests 7 more in killing of Chechen (AP) Posted: 28 Jan 2009 01:21 PM CST AP - Austrian police arrested seven suspects Wednesday in the killing of a Chechen dissident refugee who was critical of the Russian region's leader.

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