Back to newsletter listDate:
Thu, October 23, 2008 01:40:18 PMFrom:
BusinessWeek European Insider
Subject:
The Economic Outlook for Spain: Bleak
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October 23, 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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PHARMACEUTICAL INDUSTRY
Novartis Moves to the Next Stage After a 32% jump in profits, the Swiss drugmaker will shuffle managers and cut 550 U.S. sales jobs as it pursues growth with a new marketing strategy
TECHNOLOGY
Nokia: Investors Cheer Mixed Results Revenues and earnings fell, but the Finnish mobile-phone giant's guidance prompts a relief rally. Handset sales grew in emerging markets
TECHNOLOGY
Sony Ericsson Has a Lot of Work to Do A tall order for CEO Komiyama: Product lags, price cutting, and weakness in the booming low-end handset market have put the joint venture in a bind
TELECOM
How Telnic Will Revolutionize Dialing The startup's technology will let users store complete contact info on a new .tel domain—and make it available to whomever they choose
TECHNOLOGY
• From silicon.com
Acer Tops HP in European Sales Acer got a big boost from its success in the booming notebook market, says consultant Gartner Group. But HP still leads in global market share
REVIEW
Greener Luxury Cars, and Not Just Hybrids Mercedes and Lexus hybrids each have impressive qualities, but the BMW 7 Series—to which Americans' access will be limited—edges them out
EUROPE
• From The Independent
Aldi and Lidl Head Upmarket in Britain As economic problems spread, the German discount chains are expanding into middle class neighborhoods where many of their customers live
POLICY
Top Countries in Global Competitiveness Despite this year's global market turmoil, many of the same countries, including the U.S., remain atop the World Economic Forum ranking
EUROPE
• From The Independent
Bank of England Utters the R-Word Governor Mervyn King had purposely avoided mentioning "recession," but now concedes that one seems likely due to the financial sector's woes
EUROPE INSIGHT
Eastern Europe Faces Currency Risk From Latvia to Romania, Eastern countries are facing a new financial threat from overexposure to the euro and other foreign currencies
EUROPE
• From The Independent
Now Switzerland Is Helping Its Banks Even the Swiss, long known for their financial prudence, were forced into bank bailouts, with an Oct. 16 rescue plan for UBS and Credit Suisse
NEWS
How AIG's Credit Loophole Squeezed Europe's Banks Firms such as Dexia snapped up loads of credit default swaps, often from AIG, in a scheme to leverage their capital for more lending
EUROPE
• From EUobserver
EU Eases Mark-to-Market Rules The accounting change, which will apply to 2008 third quarter results, is intended to help banks avoid sharp drops in the value of their assets
EUROPE
• From EUobserver
Iceland Gets $6 Billion IMF-Led Bailout The island nation, which had to nationalize its collapsing banks, looks set to receive a $6 billion rescue from the IMF and neighbors
EASTERN EUROPE
• From Transitions Online
Russia Basks in Iceland Bailout Request A look at what Putin gains—newfound economic might
EUROPE
• From Spiegel Online
'Super Sarko' vs. 'Flash Gordon' French President Nicolas Sarkozy is less than thrilled that British Prime Minister Gordon Brown has emerged as an economic bailout hero
TRADE
Sarkozy and Quebec: Trade Barriers May Tumble A deal with France on labor mobility could spur the movement for a broader Canada-EU trade alliance
TECHNOLOGY
• From silicon.com
Outsourcing Deals Plunge in Europe The number and value of outsourcing contracts awarded in Europe fell sharply in the third quarter due to the woes in financial services
NEWS & FEATURES
• From Gizmag.com
Audi's New A1 Sportback Hybrid Audi's compact 5-door variation of the 3-door A1 project quattro car hybrid mode the car offers fuel consumption of 72.4 mpg
AUTOS
• From Gizmag.com
BMW X1 Concept BMW describes its new X1 Concept as the "first Sports Activity Vehicle in the premium compact segment"
NEWS & FEATURES
• From Architectural Record
Libya Opens Doors to American Architects RMJM's Global Education Studio (GES) will be the first American architecture office to work in Libya since the U.S. lifted sanctions against it in 2004
SLIDE SHOW
BW'S PICKS FROM AP NEWS >>
World's Most Competitive Countries In the World Economic Forum's annual ranking of the world's most competitive economies, the U.S. is once again No. 1, Europe stays strong, and Asia continues its rise • Dubai stock market looks to expand offerings• Britain's Brown boldly says the 'R' word• Fitch downgrades, withdraws Anheuser ratings• NATO flotilla to start anti-piracy operations soon• VW CEO warns 2009 will be tough for industryMORE BREAKING NEWS FROM AP >
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Reader Jeff C. Writes:
Turkey: Wake Up to Rising Economic Risks
The Stunning Collapse of Iceland
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 |
