Back to newsletter listDate:
Fri, October 17, 2008 05:53:53 PMFrom:
BusinessWeek European Insider
Subject:
British Banks Line Up for Bailouts
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October 17, 2008 |
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Europe InsiderKeep up-to-date with the latest news from Europe |
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Inside: This Week In Europe
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POLITICS
• From Spiegel Online
Gordon Brown Saves Banks--and Himself Before the financial crisis, British Prime Minister Gordon Brown had been all but written off. Now the whole world is copying his bank bailout plan
EUROPE
• From The Independent
The Rise and Fall of 'Fred the Shred' From son of an electrician to deposed CEO of RBS, Sir Fred Goodwin's huge ambitions finally proved too much for the Scottish bank
BANKING
The Stunning Collapse of Iceland Even after the government's seizure of top banks, Iceland may face bankruptcy, with dire effects for huge Icelandic investments overseas
EUROPE
• From EUobserver
Crisis Puts Spotlight on EU-Iceland Ties Many longstanding Icelandic opponents of EU membership concede that the severe financial crisis may force Reykjavik to join the club
COMMODITIES
Mining Tries to Dig Its Way Out Companies are being forced to rethink strategy: Commodity prices, once sky-high, are falling hard, but emerging-market demand should rebound in 2010
EUROPE
• From Spiegel Online
The Financial Crisis Hits German Economy Germany is whacked by falling demand for everything from travel to machine orders as well as shattered confidence and curtailed financing
EUROPE
Credit Crisis: The Risk Hits Russia Investors are fleeing fragile financial markets, oil prices are falling, and the global credit crisis threatens the economy
EUROPE
• From EUobserver
Hungary May Need an IMF Bailout With its currency and stock market sinking, Hungary could become the first EU country to require help from the IMF since Britain in 1976
INSIGHT
Turkey: Wake Up to Rising Economic Risks Ankara is focused on upcoming elections and fighting the PKK. It hasn't been attentive enough to the economic risks piling up for Turkey
THE FINANCIAL CRISIS
IMF and G-7 Say: No More Lehmans Western financial leaders assure an anxious world that all bank deposits will be guaranteed and any necessary steps will be taken, however unorthodox
NEWS
Financial Crisis: How to Stop the Panic It is possible to calm the waters, but it'll mean unlearning our post-Depression lessons
INTERNET
Joost Reboots, But Is It Too Late? Its Internet TV business slipped from front-runner to also-ran. Now Joost is switching to new technology and more social networking
TECHNOLOGY
• From silicon.com
Costs Plummeting for Business Web 2.0 Good news for CIOs: The price for enterprise 2.0 tools such as blogs, wikis, and social networking is set to fall over the next five years
RETAILING
Zara Thrives by Breaking All the Rules How the Spanish apparel chain gets new designs into stores in two weeks while keeping costs low
TECHNOLOGY
• From silicon.com
British Shopping Slowdown Moves Online Some 46% of British online consumers plan to cut their Web purchases in the next year, according to a Jupiter Research survey
AUTOS
Renault's Ghosn Hands Over Operations The chief of Renault and Nissan is stepping aside in favor of veteran deputy Patrick Plata as the company faces challenging times
AUTOS
Nissan Brings Infiniti to Europe Can the Japanese luxury car catch up with Germany's top brands? Nissan is flooring it—with plans for 80 dealers in the region by 2010
AUTOS
• From Gizmag.com
Citroën Takes Wraps off Hypnos Concept Car The Hypnos will combine the volume of an executive sedan with the utility of a crossover and all powered by a hybrid drivetrain
GREEN BIZ
Is the U.S. Ready for Four-Cylinder BMWs? BMW is making a risky bet that horsepower-mad American drivers will go for cleaner and greener luxury in its 1, 3, and even 5 Series cars
ENERGY
Behind OPEC's November Meeting in Vienna As the global economy cools precipitously, the oil producers are anxious to curb output to keep prices from falling further
EMERGING MARKET REPORT
Farming Makes a Comeback in Russia Investors are pouring billions into agribusiness—and trying to reverse decades of Soviet mismanagement
LIZ RYAN: THE WORKPLACE
La Rentrée Fall, French-Style Autumn is the time to get reenergized, a time the French call La Rentrée. When the kids go back to school, adults can focus on their career goals in a big way
SLIDE SHOW
BW'S PICKS FROM AP NEWS >>
Countries at Economic Risk After the financial crisis that has brought Iceland to its knees, what other countries around the world also might be vulnerable? • Nokia 3Q profit falls 30 percent, revenue slips• Grupo Modelo seeks to block Anheuser-Busch, InBev• EU sticks to climate change deal despite fears• Man accused of fracas on Paris-to-New York flight• Swiss bank commission slams UBS oversight failuresMORE BREAKING NEWS FROM AP >
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Reader Fred Wilson Writes:
Russia: Good Times Ahead for Private Equity?
The Rise of Santander
CNET.co.uk 
Storm Clouds over European Banking |
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British Banks Line Up for BailoutsTo calm the financial panic, the British government has stepped in to save three major banks. So far the markets like the newsThe Stunning Collapse of IcelandSwiss Banks Hold on as Zurich FretsEuropean Banks: The Bailouts ContinueEurope's Economies Head into a DownturnBritain: The Economic FalloutCredit Starvation Could Whack BritainThe Rise of SantanderBehind the Russian Stock Market MeltdownSwedish Banks at Risk from Baltic Ills |
