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September 19, 2008
 

Europe Insider

Keep up-to-date with the latest news from Europe


NEWS  THIS WEEK'S TOP STORIES FROM EUROPE

Lehman Shock Waves Hit European Bourses

Buying Lehman Brothers was a risk Barclays ultimately refused to take, adding to investor fears about the state of Europe's finance industry

Inside: This Week In Europe
The shocking events in the U.S. financial system this week, including the collapse of storied Lehman Bros., the sale of Merrill Lynch, and the Fed's AIG rescue, have touched Europe as well. In a package of stories led by Stanley Reed, Jack Ewing, and Carol Matlack, we look at the stock market impact, media reaction, and exposure among European banks to Lehman losses.

We've also got the Russian market meltdown, a hybrid on the horizon from Mercedes, Sony Ericsson's new Xperia, and a pair of promising new e-readers. Plus, stories on Philips, Siemens, aviation, energy, policy, and autos. Don't miss the Halal pastry from Switzerland and a survey and slide show on which countries have the best broadband service. Dig in.
Andy Reinhardt, Europe Editor

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  MORE EUROPEAN NEWS
GLOBAL
Lehman, Merrill, AIG: World Media React
Pundits from Berlin to Beijing assess the fallout from Wall Street's rash of bankruptcies, buyouts, and ratings downgrades

INVESTING
Lehman's Spreading Stain
From London to Tokyo, global financial institutions are starting to disclose their exposure to potential losses following the Lehman Brothers collapse

EUROPE • From Spiegel Online
What the Lehman Crisis Means for Germany
The bankruptcy and its fallout also threaten German financial institutions, as well as the country's federal budget

INVESTING
Behind the Russian Stock Market Meltdown
A series of shocks, including fears of a new Cold War, caused share prices to fall even before this week's turmoil. Foreign investors may not return soon

AUTOS
A Mercedes Hybrid at Last
In June 2009 the automaker will launch in Europe a 30-mpg hybrid version of its luxury S-Class sedan

TECHNOLOGY
Can Xperia Redefine Sony Ericsson?
The much-anticipated mobile device may have lost its edge to the likes of Apple's iPhone, thanks to a six-month lag between announcement and launch

TECHNOLOGY
France Telecom's E-Reader Experiment
Its Read & Go device shows one way e-readers could become a distribution channel for newspapers and other frequently updated print media

EUROPE • From The Independent
Airbus Spins Off British Factory
Part of its plant in Bristol, which makes wing components, is being sold to engineering giant GKN in a deal worth 136 million pounds

TOP NEWS
For EADS, a Bitter Turn of Fortune
Airbus' European parent thought a tanker contract for the U.S. Air Force was a chance to take on Boeing on home turf. Now it's back to Square One

EUROPE • From The Independent
Gatwick Airport Up for Sale
BAA, the owner of the British airport, as well as Heathrow and Stansted, put it up for sale today following last month's report of "competition problems"

IN DEPTH
Kazakh Oil: A War of Nerves
Russian brinkmanship could imperil the flow of oil and money across the Caspian to Europe

EASTERN EUROPE • From Transitions Online
Kyrgyzstan Rations Electricity
The Kyrgyz government is rationing electricity as its water reserve dwindles. Dry weather and high demand are only part of the problem

VIEWPOINT
Boosting Europe's Energy Productivity
McKinsey pinpoints seven areas in which companies can improve energy efficiency—and thus increase their output per energy consumed

EUROPE • From EUobserver
EU May Require Longer Maternity Leaves
Brussels plans to extend the minimum leave for new mothers from 14 to 18 weeks, while ensuring full salary

TECHNOLOGY
In the Broadband Race, the U.S. Is Way Behind
Even some tiny ex-Soviet states have speedier service than the U.S., which comes in at No. 16, a study shows

INNOVATION & DESIGN
Philips: Philanthropy by Design
How Philips, working with nonprofits, is tackling the low-tech needs of the world's poor

ASIA BW 50
Asia BW50: Siemens, a Shaky No. 1?
Its business in India boomed this year. But now rivals are circling, the slump is hurting, and the stock has dropped 70%

AUTOS
My Aston Martin Didn't Work
When the software running the electronic ignition of the Aston Martin V8 Vantage malfunctions, you can't just hit "Control, Alt, Delete"

EUROPE • From Spiegel Online
Halal Pastry—from a Swiss Village
To supply the global export market, a Nestlé plant in Wangen bei Olten is making puff pastry conforming to strict Islamic food guidelines

SLIDE SHOW
Best Countries for Fast Broadband
From Japan to Germany, the quality of Internet connections plays a major role in a country's global competitiveness

 BW'S PICKS FROM AP NEWS >>

Russia's oligarchs snub vulgarity, eye fine art

German bank's credit cards come in 4 aromas

Italian minister: Alitalia 'hangs by a thread'

Fed, ECB pump billions into money markets

Russian markets mainly closed after share drop

MORE BREAKING NEWS FROM AP >


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  IN YOUR FACE: DOW DROPS AS WALL STREET REELS

Reader pm69 Writes:

"So BofA bought Merrill Lynch...did that really solve the existing problems, or simply shift them to itself? I am not sure I would want to be a BofA shareholder."

Tell Us: Which Collapse -- Merrill Lynch, Lehman or AIG -- Was More Shocking? >

 


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  Reader Poll: Special Issue

 


 Viewpoint: Diana Farrell

Boosting Europe's Energy Productivity

McKinsey pinpoints seven areas in which companies can improve energy efficiency—and thus increase their output per energy consumed


 


 Investing: Europe

European Economic Recession Ahead?

European economies are seeing slower growth in world trade, a possibly overvalued euro, and other challenges


 


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  FEATURED SPECIAL REPORT >>

Happiness, Competitiveness, and National
Success

Slide Shows

Survey Shows: People Are Happier

The 2008 World Values Survey found that freedom of choice and tolerance—and not simply wealth—have lots to do with a rise in happiness

There's Something About Denmark

Two recent studies found Danes to be the world's happiest people. The new reputation along with media attention have led to a national discussion

They Teach Happiness at Harvard

In Tal Ben-Shahar's positive psychology class, students learn that happiness isn't just an accident, it's a science

The World's Most Competitive Countries

Half of the top 10 are European and the U.S. is still No. 1, but Asia's tigers are coming on strong

Table: The World's Most Competitive Countries

Who's on Top in Tech-Readiness?

While Nordic nations still win top marks in surveys, oil-producing countries are waking up to the need to adapt their economies to the digital age

Rating Countries for the Happiness Factor (2006)