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The European Union will launch plans to invest €50-billion in modernising digital, energy and transport networks and creating jobs.
The continent has invested far less in research and development than Asia and the United States.
The German group had €8-billion in cash at the end of 2008, when it saw profits drop to €921-million from more than €4-billion the previous year.
The European Investment Bank’s statutes state that its outstanding loans portfolio cannot exceed 250% of its capital.
Toyota, the world’s biggest carmaker, is considering plans to put its European workforce on a three-day week.
North America is not the only significant car market affected by a recent slump in sales.
The IEA warns bluntly: "There remains a real risk that under-investment will cause an oil-supply crunch in that time frame."
President elect Barack Obama has only 100 days to save the US auto industry, write David Gow and Mark Milner.
German corporate and consumer confidence sank to new lows last week, hastening fears that Europe’s biggest economy is sliding into a deep recession.
A survey of 5 000 businesses reveals less investment and more job cuts, write Kathryn Hopkins and David Gow in London.
UBS, the Swiss bank that has been Europe’s biggest casualty of the credit crunch, is to axe 5Â 500 jobs. Of those 2Â 600 face compulsory redundancy, mainly in its stricken…
The European Commission got the green light from Europe’s second-highest court last week to pursue even more high-profile antitrust actions against dominant global companies. The…
Last week France and Germany abandoned the dual-nationality management structure at Eads, the owner of Airbus, in an attempt to turn the struggling aerospace and defence group…
The European Commission this week stepped up the European Union’s campaign to lead the fight against climate change by warning that global warming was so catastrophic that it…
Most people cannot imagine Spain without bullfights, but there are growing signs that the country’s centuries-old fiesta nacional (national celebration) is on the decline. Not…
The mainland European economy, buoyed by a resurgent Germany, is expanding at its fastest rate for six years, outstripping the United Kingdom and the United States, fresh figures…
Recently Eads, the majority owner of Airbus, put an end to the crisis that has crippled it for more than two weeks by forcing the resignations of Noel Forgeard, its joint chief…
European officials are under mounting pressure to tighten the pollution limits on European industry in the second phase of its flagship emissions trading scheme. Such a move is…
Volkswagen (VW), Europe’s biggest carmaker, gave a warning recently to its 100Â 000 German employees that they would have to accept thousands of job losses and several plant…
Volkswagen warned recently that it could axe up to 20 000 jobs at its core VW brand and close several loss-making German plants in a restructuring designed to restore profits. CE…
