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April 04, 2007
Europe Insider Keep up-to-date with the latest news from Europe

NEWS THIS WEEK'S TOP STORIES FROM EUROPE

Daimler CEO Vows Action as Investors Rage

Shareholders in Berlin blame brass for failed strategy, and Dieter Zetsche confirms he's in talks with potential buyers of the money-losing Chrysler division

Inside: This Week In Europe

The vitriol was stunning: Small investors and shareholder activists alike took turns venting frustration on April 4 during DaimlerChrysler's annual meeting. But CEO Dieter Zetsche also reaffirmed his interest in unloading Chrysler, so an ill-advised chapter for the German giant may finally be closing. Read about it in our top story by Gail Edmondson.

We also look this week at Glaxo's fast vaccine development, TPG's interest in Iberia, social networking on mobile phones, Russia's New Deal, and the executive shakeup at SAP. Plus, EADS in North America, two big stories on Apple's iTunes, and a package on the new global labor shortage. Don't miss a column from former European Parliament president Pat Cox on the EU vs. Microsoft; Germany's counterfeit museum; and great 2005 Loire wines.
Andy Reinhardt, Europe Editor
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MORE EUROPEAN NEWS

EUROPE
Glaxo Mimics Carmaker to Speed Vaccine
Using the "one roof" management technique developed by Renault, the British pharma rushed its HPV vaccine to close the gap with rival Merck

EUROPE
Mobile Telcos Rush to Social Networking
Telecoms are vying to offer customers access to the likes of YouTube, MySpace, and Bebo from their mobile handsets

EUROPE
Texas Pacific Mulls an Iberia Bid
The private equity firm may offer $4.5 billion for the Spanish airline in what could be a sign of renewed consolidation among European carriers

EUROPE
Russia's New Deal
The Kremlin is pumping money into education, housing, and health care

EUROPE • From Spiegel Online
EU Targets iTunes in Antitrust Probe
How Apple's online music store operates in Europe has drawn the scrutiny of the European Commission. Deals with record labels may restrict consumer choice

TECHNOLOGY • From silicon.com
Apple, EMI Ink DRM-Free Music Plan
For a premium, iTunes users will be able to buy songs by EMI artists that can be played on all MP3 players, not just the iPod. Other major record labels may follow

NEWS ANALYSIS
Agassi's Departure Realigns SAP
The software giant's choice for CEO will be especially crucial, as it contends with slacking growth and intense rivalry from Oracle

PEOPLE
EADS' Unlikely American Ascent
Despite setbacks for Airbus, the European aerospace giant is scoring U.S. defense deals

LABOR
Where are All the Workers?
Companies worldwide are suddenly scrambling to manage a labor crunch

CENTRAL EUROPE
Desperately Seeking Bulgarian Programmers
As big IT companies flood the region, skilled workers are getting harder to find

EUROPE
Podcast: A Surprising Global Labor Crunch
Job shortages are popping up in some unlikely places. Here's what some companies are doing to get around the problem

EUROPE • From Spiegel Online
East Europeans Go West for the Good Life
Hundreds of thousands of young people from Poland and other Eastern countries are finding work and prosperity in Western Europe

EUROPE • From EUobserver
France Launches Digital Library
Europeana, the new cyber library, will offer over 6 million books, movies, and documents from across Europe, to strengthen cultural diversity

TECHNOLOGY • From silicon.com
Thames Becomes Giant Wi-Fi Hotspot
Mesh network technology has turned the famed London river into a huge wireless hotspot for tourists, locals, and businesses

EUROPE • From Spiegel Online
Massive Solar Plant Opens in Portugal
The sunny European country is now home to one of the world's largest solar energy plants, expected to provide over 20 gigawatt-hours a year

ECONOMICS
Germany Shrugs Off the VAT Hike
Despite a bigger sales tax bite, Germany has overtaken France as the engine of euro zone growth

EUROPE • From EUobserver
EU Calls for Calm in Ukraine
As tensions mount between the pro-West President and the Prime Minister, the German EU presidency hopes the bloc's relations with Ukraine will not be harmed

INNOVATION
Stop Faking It
Germany's Museum Plagiarius showcases knockoffs. The founders are determined to protect small designers from counterfeiters that stifle innovation

VIEWPOINT
Europe's Microsoft Case Goes Too Far
In a spat over royalties, the European Commission has declared war on accepted global conventions regarding intellectual property rights

AFTER WORK
Parker: Expect a Line for Loire 2005
Great vintages are rare in the region, but 2005 hit the mark, and these wines are bound to sell out fast

BW'S PICKS FROM AP NEWS >>

• EU: We'll drop trade barriers with ACP

• Eni, Enel win auction for Yukos assets

• Siemens board member is released on bail

• NYSE Euronext stock off in debut trading

• British watchdog opens drug supply probe

MORE BREAKING NEWS FROM AP >

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EUROPE'S YOUNG ENTREPRENEURS

The Winners: Europe's Next Generation of Moguls

In October, you cast your votes for the young entrepreneur whose business shows the most promise. And now, the envelope please…

Investing: Europe

Germany Shrugs Off the VAT Hike

Despite a bigger sales tax bite, Germany has overtaken France as the engine of euro zone growth

MORE INVESTING NEWS ON EUROPE FROM BW AND STANDARD & POOR'S >

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FEATURED SPECIAL REPORT >>

European Car Report, 2007

The Continent's automakers are thriving amid tough global competition

Slide Shows

Date:

From:

Subject:

Daimler CEO Vows Action as Investors Rage

April 04, 2007

Europe Insider

Daimler CEO Vows Action as Investors Rage

Shareholders in Berlin blame brass for failed strategy, and Dieter Zetsche confirms he's in talks with potential buyers of the money-losing Chrysler division

• EU: We'll drop trade barriers with ACP

• Eni, Enel win auction for Yukos assets

• Siemens board member is released on bail

• NYSE Euronext stock off in debut trading

• British watchdog opens drug supply probe

In October, you cast your votes for the young entrepreneur whose business shows the most promise. And now, the envelope please…

Despite a bigger sales tax bite, Germany has overtaken France as the engine of euro zone growth

CNET.co.uk Product Reviews

CNET.co.uk Editors' picks, value ratings, feature comparisons, and photos

European Car Report, 2007

The Continent's automakers are thriving amid tough global competition

Slide Shows

Champs and Chumps

VW's Winners and Losers

Forty Years of Lamborghini

Highlights of the Geneva Auto Show 2007

A Ferrari Anyone Can Own

Fiat's U-turn may have been the most dramatic story of the year, but Lexus and VW saw rising sales, while Renault and Jaguar had a rough ride

The German automaker is optimistic about challenging Toyota using brand accountability and centralization

Low production values and soft sells work best with online video clips in Asia

The German auto manufacturer is stepping up efforts to incorporate fuel-saving technologies—and keeping its eye on growing rival Audi

The Renault-Nissan CEO may not have delivered on his promises yet, but he still intends to increase sales and decrease European dependence

After years of restructuring the sports car maker is finally a serious rival to Ferrari

CNET.co.uk
Product Reviews