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July 23, 2008
Europe Insider Keep up-to-date with the latest news from Europe

NEWS THIS WEEK'S TOP STORIES FROM EUROPE

A Golden Recipe for McDonald's Europe

Europe is now McDonald's largest region by revenues. Here's how Denis Hennequin, European operations president, keeps profits hopping

Inside: This Week In Europe

It may come as a surprise to some, but Europe now represents McDonald's largest region by revenues. As Kerry Capell explains, the company has been successful by improving the customer experience, tailoring the food offerings to local markets, and incorporating hi-tech design to entice European consumers into the Golden Arches.

We've also got Roche's $43.7 billion offer for Genentech, the dollar's problems against the euro, and the shaky future for Europe's telecoms companies. Plus, Brussels' move against Intel, the real estate crisis in Spain, and a rich assortment of other technology, energy, and finance coverage. Don't miss Parker on Châteauneuf du Pape and a slideshow on the new Mercedes GLK.
Andy Reinhardt, Europe Editor
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MORE EUROPEAN NEWS

CURRENCIES
A Twitch of Life for the U.S. Dollar
The greenback staged a surprising, though brief, rally when oil prices fell. But don't mistake an uptick for a bottom

GLOBAL
Roche-Genentech: A Drug Powerhouse
Given the biotech's promising pipeline, Roche's CEO may need to raise his $43.7 billion offer to buy out Genentech's minority investors

AUTOS
Mercedes GLK: More Rugged Than It Looks
Don't let the pretty face of the new Mercedes GLK-Class fool you. This compact SUV is ready with some clever tricks for off-road adventures

TELECOMMUNICATIONS
Vodafone: A Bad Omen for Europe?
A cut in the wireless company's sales forecast makes investors fear the slowdown in Spain could spread elsewhere on the Continent

EUROPE
Brussels Throws Another Punch at Intel
In response to consumer allegations of anticompetitive practices, the EC's antitrust unit announced it is expanding its scrutiny of Intel

TECHNOLOGY
Nokia Defies Gravity
Sales, market share, and margins were up in the second quarter. But not everything is rosy for the world's largest mobile phone maker

EUROPE • From Spiegel Online
Real Estate Crisis Threatens Spanish Economy
Rising property values lured many Spaniards into the real estate market but the bubble has burst and the crisis is quickly spreading through the country's economy

EUROPE • From The Independent
IMF Raises Global Growth Forecast
The International Monetary Fund changed its estimates for the global economic forecast for 2008 and 2009, saying the effects of the credit crisis were not as bad as expected

TOP NEWS
Anheuser-Busch Fights for Time
To thwart a possible buyout by Belgian brewing giant InBev, Anheuser has adopted a full range of stalling tactics

EUROPE • From EUobserver
Sarkozy Pushes for More Control of European Central Bank
The French president, a long time critic of the ECB's monetary policy, is proposing changes in the way it is run

EUROPE • From Spiegel Online
Iraq Rebuilds, Germany Cashes In
Relative stability and plenty of money—but a lack of expertise—are paving the way for lucrative contracts

FARNBOROUGH AIR SHOW 2008
Raytheon Taps Video Games to Pilot Drones
As remote-controlled p***s take on larger military roles, defense companies are borrowing techniques from the video game industry

EUROPE • From The Independent
Rolls-Royce Eyes Role in Nuclear Energy
The company is creating a unit to ensure it gets a slice of the growing civil market for nuclear electricity generation

TECHNOLOGY • From silicon.com
Online Nearing 20% of British Shopping
With online shopping becoming a billion-dollar market in Britain, analysts say that stores will be forced to change their business models to adapt

EUROPE • From EUobserver
Music Royalties Agencies Must Compete
The EC ruling against pacts that ban cross-border competition is changing the tune on musicians' copyright payments

TECHNOLOGY • From silicon.com
Texting Price Caps Will 'Stifle' Market
Mobile operators poured cold water on plans to create a single EU market for text services—and put a limit on prices

IDEA AWARDS 2008
Brazil's Best Product Designs
The first location-specific program for the International Design Excellence Awards celebrated 53 examples of top Brazilian design

INNOVATION
How to Measure Innovation
NESTA, the independent British organization, is working on a new index to assess the state of innovation within specific industries

EASTERN EUROPE • From Transitions Online
Restitution for Russian Nobles?
Their descendants are on a quixotic mission to recover property seized by the Bolsheviks over a century ago

PARKER ON WINE
The Châteauneuf du Pape Beauties of Domaine de la Janasse
Winemaker Christophe Sabon turns out both sumptuous Châteauneuf du Pape and value-priced Côtes du Rhônes from his Provençal vineyard

SLIDE SHOW
A New SUV from Mercedes
Launching a new SUV when fuel prices are soaring may seem an odd strategy, but at least Mercedes' new GLK is economical by four-wheel-drive standards.

BW'S PICKS FROM AP NEWS >>

• EU OK's aid for ex-Delphi workers in Spain

• Software AG 2Q profit rises

• Fiat net profit less than 2 percent

• Volkswagen 2Q net profit up 35 percent

• EU bars German region from giving DHL aid

MORE BREAKING NEWS FROM AP >

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A Golden Recipe for McDonald's Europe

July 23, 2008

Europe Insider

A Golden Recipe for McDonald's Europe

Europe is now McDonald's largest region by revenues. Here's how Denis Hennequin, European operations president, keeps profits hopping

• EU OK's aid for ex-Delphi workers in Spain

• Software AG 2Q profit rises

• Fiat net profit less than 2 percent

• Volkswagen 2Q net profit up 35 percent

• EU bars German region from giving DHL aid

"My greatest problem with the iPhone remains AT&T. I shall simply be patient and wait to see what Google's Android brings to the table."

The past year has seen much financial unrest, but three players—Asian sovereign investors, oil exporters, and private equity firms—have helped stabilize the market

Surveys make it plain that the bad news about Britain's economy will only get worse in coming quarters, and that recession may not be far off

CNET.co.uk Product Reviews

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

Slide Shows

The P***s of Farnborough

Next in Line for Takeoff

As airlines cut back on services and lay off thousands, p***makers such as Airbus and Boeing are sitting on a record backlog of orders

CNET.co.uk
Product Reviews