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