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December 11, 2008
 

Europe Insider

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


NEWS  THIS WEEK'S TOP STORIES FROM EUROPE

Tech Pioneers of 2009

The World Economic Forum's annual selection of talented entrepreneurs and hot startups finds more winners than ever from emerging markets


Slide Show: The World's Most Promising Tech Startups

Inside: This Week In Europe
There is hardly a more prestigious honor for an entrepreneur than to be named one of the 'Tech Pioneers' chosen each year by the Geneva-based World Economic Forum. This year's crop of 34 small businesses from all over the world demonstrate tremendous creativity and potential, as our Special Report package by Jennifer L. Schenker highlights.

We've also got VW's U.S. manufacturing plans, the rise of South African businesses, relative success for Italian banks, job cuts at Rio Tinto, and BA's global ambitions. Plus, dark economic news from Britain, Germany, and Russia, bank rate cuts, and a variety of other tech, autos, energy, and management coverage. Don't miss slide shows on South African tigers and this year's Tech Pioneers!
Andy Reinhardt, Europe Editor

E-MAIL A FRIEND  |  GET RSS  |  SIGN UP FOR OTHER BW NEWSLETTERS

  MORE EUROPEAN NEWS
AUTOS
Volkswagen's Big Bet on Tennessee
Despite the industry's travails, the German automaker expects to boost U.S. sales with its $1 billion investment in a Chattanooga factory set to make midsize cars

AFRICA
South African Companies Unlock Sub-Saharan Africa
Versed in the highs and lows of emerging-market development, SABMiller, Standard Bank, and others are expanding across the continent and beyond

FINANCE, MARKETS & INVESTING
Italian Banks Outperform Peers
Because of their conservative business models, Italy's banks have done better than larger continental rivals over the past 18 months

EUROPE INSIGHT
Rio Tinto Slashes 14% of Workforce
In a sign of the rapidly-changing economics of the mining business, giant Rio Tinto has unveiled plans to sack 14,000 employees

AIRLINES
British Airways Eyes Qantas, Iberia Tieups
The mergers would make way for the first truly global airline, and economic pressures may help push through deals where they were stymied before

EUROPE • From Spiegel Online
Global Crisis Hits Shipping Industry
Freight and charter rates have plunged, jobs are being cut, and many ships are being parked for months at a time

EUROPE • From The Independent
British Manufacturing Plunges
October's output decline of 1.4% is the feeblest monthly performance since World War II, and far worse than economists had forecast

EUROPE INSIGHT
German Economic Data Worse Than Feared
The economic and company news of out Germany is getting more depressing by the day. Europe's largest economy now appears headed for its worst recession since World War II

EUROPE • From Spiegel Online
Merkel Urged to Act Before It's Too Late
With dismal news continuing to roll in, pressure is mounting on Berlin to take additional steps to stimulate Germany's flagging economy

RUSSIA
The Financial Crisis Deepens in Russia
More companies are slashing jobs, the ruble looks set to be radically devalued, and "anti-crisis" parties abound at fancy bars

RUSSIA
The Real Estate Crunch Comes to Russia
The global economic crisis has hit Russia with full force, and property prices, especially in Moscow, are tumbling

EUROPE INSIGHT
Le Web is Alive and Well in Paris
At the annual Internet conference, attendees braved a broken heating system to learn that Web 2.0 companies are far from dead, but need more support

AUTOS
No Auto Crash for Israel's Mobileye
Mobileye, a developer of crash-detection technology, is doing just fine despite the dark cloud over the automotive industry

EUROPE INSIGHT
Europe's Central Banks Cut Interest Rates
The European Central Bank cut rates by a record 75 basis points on Dec. 4, while the British and Swedish banks cut by 1 point and 1.75 points, respectively

EASTERN EUROPE • From Transitions Online
Latvia Bank Failure Dashes Hopes
Parex Banka dates back to Soviet days. Its collapse in November was a blow to Latvia's ambition to be a financial nexus between East and West

EUROPE • From The Independent
Dark Clouds for British Services, Property
New reports show sharp downturns for consumer and business services in Britain, as well as commercial property. Recovery could take years

TECHNOLOGY • From silicon.com
CIO Plans for 2009: Value for Money
Squeezing the most out of existing IT budgets and making sure projects pay back quickly are the top priorities for CIOs next year

EUROPE • From EUobserver
Solar for the EU's Poor, but No Budget
The European Commission wants to boost energy efficiency and use of renewables among low-income households, but hasn't allocated any funding

INTERNATIONAL B-SCHOOLS
British MBAs Feel the Jobs Chill
Amid the global downturn, recruiting at British universities softens, following U.S. B-schools' lead

REVIEWS
Jaguar XF: The Cat is Back
Despite its parent company's shifting fortunes, Jaguar's sleek new XF is a four-door luxury winner

TECHNOLOGY • From silicon.com
Fiat Selling Special 500 via Web Only
In an experiment with e-commerce, the Italian carmaker will sell a diesel edition of its popular 500 compact only to online buyers in Britain

PACKAGING DESIGN
A New Look for McDonald's
McDonald's is rolling out new designs for its food packaging aimed at fortifying the brand and staying ahead of obesity concerns

VIEWPOINT
The Future of Corporate Philanthropy
In the downturn, corporate chiefs like GE's Immelt say social responsibility will remain vital, but it must be cost-effective and fit corporate needs

SLIDE SHOW
Sub-Saharan Tigers
Meet 10 companies leading the way in Southern Africa, where knowledge of local markets and customs is an essential ingredient of success

TECH PIONEERS
2009 Tech Pioneers
The World Economic Forum honors "Tech Pioneers"—companies offering new technologies or business models that could advance the global economy and have a positive impact on people's lives

 BW'S PICKS FROM AP NEWS >>

British retailers brace against downturn

Ireland, EU offer aid to spur Irish pork industry

France implements $13.6B bank aid plan

Alcatel-Lucent CEO faces tough test Friday

Report: Siemens close to SEC corruption settlement

MORE BREAKING NEWS FROM AP >




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