Latest articles on David Gow

EU embarks on job-creation offensive

The European Union will launch plans to invest €50-billion in modernising digital, energy and transport networks and creating jobs.

Europe’s innovation woes deepen

The continent has invested far less in research and development than Asia and the United States.

BMW staff tighten their belts

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.

Bank pledges bail-out billions

The European Investment Bank's statutes state that its outstanding loans portfolio cannot exceed 250% of its capital.

Toyota workers face three-day week

Toyota, the world's biggest carmaker, is considering plans to put its European workforce on a three-day week.

Energy revolution needed

The IEA warns bluntly: "There remains a real risk that under-investment will cause an oil-supply crunch in that time frame."

Germans gloomy as recession looms

German corporate and consumer confidence sank to new lows last week, hastening fears that Europe's biggest economy is sliding into a deep recession.

UK on brink of recession as firms cut back

A survey of 5 000 businesses reveals less investment and more job cuts, write Kathryn Hopkins and David Gow in London.

Swiss bank to cut 5 500 jobs

UBS, the Swiss bank that has been Europe's biggest casualty of the credit crunch, is to axe 5 500 jobs. Of those 2 600 face compulsory redundancy, mainly in its stricken investment banking arms in London and New York, as it struggles to regain its reputation and investor confidence.

Microsoft’s failed appeal start of a trend?

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 court upheld the commission's decision that the software group had also abused its dominance by illegally "bundling" its Media Player software into Windows.

Germans in charge

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 into a "normal" global company. The move will bring an end to the strife that has crippled the group for the past two years.

EU pact gets green light

Europe became the world leader in tackling climate change recently, when 27 governments agreed to cut greenhouse gas emissions by 20% and commit the European Union to generating a fifth of its energy from renewable sources within 13 years. Greenpeace has hailed it as the biggest decision taken to fight global warming since the Kyoto protocol 10 years ago.

Daimler might ditch Chrysler

When Germany's Daimler Benz merged with the third of the United States's big-three car makers, Chrysler, in 1998, the deal was designed to create an automotive powerhouse, capable of matching the international reach of General Motors and Ford and confronting the emerging challenge from Japan.

EU warns of global climate chaos

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 could trigger regional conflicts, poverty, famine and migration. Setting out a strategy to combat global warming and improve Europe's energy security at the same time, it said the secondary effects of climate change would inevitably affect even a less vulnerable Europe.

Sparks fly as Arcelor attacks Mittal bid

Arcelor, the European steelmaker, recently launched its defence against Mittal Steel's hostile â,¬18,6-billion takeover bid with a savage attack on its predator's track record. It claims Mittal had destroyed shareholder value and jobs and has a shoddy record on corporate governance and safety.

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