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    Business - European Economy


    Greece turns to military to restore fuel supplies (AP)
    30 Jul 2010 at 11:36am

    AP - Greece said Friday it will use military trucks, navy vessels and commandeered fuel tankers to restore gasoline supplies cut by a strike that has hurt the country's industry and vital tourism trade at the height of vacation season.



    FTSE ends lower on US growth data (AFP)
    30 Jul 2010 at 9:38am

    AFP - Leading shares in London slipped lower on Friday after weaker-than-expected US growth figures stirred concern about the strength of the economic recovery, dealers said.



    European stocks falter before US output data (AFP)
    30 Jul 2010 at 3:49am

    AFP - Europe's main stock markets fell on Friday as investors looked ahead to key economic growth figures from the United States, after dissecting news of a major takeover, company earnings and eurozone data.


    Italy seeks private sponsors to restore Colosseum (AP)
    29 Jul 2010 at 7:59am
    AP - Italian officials are seeking to raise some euro25 million (about $32 million) in private money to finance the restoration of one of the country's iconic landmarks: the Colosseum.

    Euro zone economic sentiment rises to 28-month high (Reuters)
    29 Jul 2010 at 3:10am
    Reuters - Euro zone economic sentiment rose strongly in July, buoyed by figures from Germany that point to a recovery as the currency area overcomes the sovereign debt crisis, but the outlook remains uncertain.

    German jobless rate edges up to 7.6 percent (AP)
    29 Jul 2010 at 3:02am
    AP - Germany's unemployment rate edged up slightly to 7.6 percent in July from 7.5 percent the previous month as summer vacations started, but the labor market is still on the road to recovery, new data showed Thursday.


    Eurozone economic confidence 'highest in two years' (AFP)
    29 Jul 2010 at 2:59am

    AFP - Business and consumer confidence in the 16-nation eurozone jumped in July to its highest level in more than two years, driven by regional powerhouse German, the European Union said Thursday.



    Police question French minister in L'Oreal affair (AP)
    29 Jul 2010 at 9:40am

    AP - Police on Thursday questioned the French labor minister about his relationship with the billionaire L'Oreal cosmetics heiress in an investigation into a scandal that has reached the highest levels of President Nicolas Sarkozy's government.


    Eurozone economic sentiment up again in July (AP)
    29 Jul 2010 at 2:33am
    AP - Economic sentiment in the 16 countries that use the euro is at its highest level for over two years, the European Commission said Thursday.


    British PM works to deepen Indian economic ties (AP)
    29 Jul 2010 at 9:51am

    AP - British Prime Minister David Cameron said Thursday that his visit to India had deeply strengthened the bonds between Britain and its former colony, whose burgeoning economy he wants to help his own country recover from a brutal recession.


    Chemicals maker BASF sees Q2 earnings triple (AP)
    29 Jul 2010 at 1:11am
    AP - Second-quarter profits at BASF SE more than tripled as a recovering global economy boosted demand and industry restocked inventories after the recession, the chemicals company said Thursday.

    Siemens quarterly earnings up 9 percent (AP)
    29 Jul 2010 at 12:30am
    AP - A strong increase in orders in a recovering economy helped push earnings at Siemens AG 9 percent higher in the most recent quarter, the industrial conglomerate said Thursday.


    FTSE 100 edges up in early deals (AFP)
    29 Jul 2010 at 12:27am

    AFP - London's leading shares rose slightly at the start of trading on Thursday as positive corporate earnings figures countered weak US economic data.



    US economic data disappointment weighs on markets (AP)
    28 Jul 2010 at 7:08am

    AP - An unexpected decline in U.S. durable goods orders during June weighed on stock markets Wednesday as it reinforced concerns that the recovery in the world's biggest economy is rapidly running out of steam.


    Bank of England chief says stimulus still needed (AP)
    28 Jul 2010 at 3:27am
    AP - The governor of the Bank of England said Wednesday that the need to stimulate the economy still takes precedence over concerns about high inflation at a time when the outlook for the global economy remains uncertain.

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