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December 18, 2008
 

Europe Insider

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


NEWS  THIS WEEK'S TOP STORIES FROM EUROPE

Can Airbus Keep Its Edge on Boeing?

A strike and Dreamliner troubles have hurt Boeing plenty, but if Airbus falls further behind on its A350, it could be in even deeper trouble

Inside: This Week In Europe
In the see-saw of fortunes that marks the rivalry between Airbus and Boeing, the European aircraft maker has been on top recently as Boeing suffered a strike and more delays to its 787. But all's not well for Airbus, either, if it can't settle on a design for the A350, as Carol Matlack explains in our top story.

We've also got Alcatel-Lucent's latest reorg, the Madoff crisis hits Europe, sharp losses for state investment funds, the Siemens bribery settlement, and economic developments from Russia, Germany, and Ireland. Plus, solar, oil, and carbon; blood on your chips; carmakers want more help; and a variety of other tech, management, and policy stories. Don't miss Robert Parker on Northern Italy's Barbaresco wines!
Andy Reinhardt, Europe Editor

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  MORE EUROPEAN NEWS
COMPANIES
Alcatel-Lucent's Perpetual Turnaround
Alcatel-Lucent CEO Verwaayen announced a reorganization and a new strategy for the struggling telecom equipment maker

FINANCE
The Madoff Crisis Hits Europe Hard
As some of Europe's largest banks reveal connections to Madoff's mess, billion-dollar writedowns could be in the offing

FINANCE, MARKETS & INVESTING
Sovereign Wealth Funds Taste Bitter Losses
So far this year, the funds have seen declines of an estimated 18% to 25% of their assets, which could lead to closer scrutiny in the future

EUROPE INSIGHT
Russian Economy: From Bad to Worse
Production in Russia is plummeting like a stone. New economic figures suggest a sharp contraction in GDP next year

EUROPE • From EUobserver
Berlin Planning Second Round of Stimulus
A new package worth 30 billion euros, to be unveiled in January, will contain a "mix of different measures"

EUROPE INSIGHT
Ireland Recapitalizes Banks
The Irish government has pledged to inject up to $13.5 billion into its beleagured banking system in a bid to make banks look 'indestructible'

ENERGY
Clouds over the Solar Power Industry
As oil prices have plunged, solar has become less cost-competitive. And the credit squeeze has made it harder to finance solar projects

ENERGY
OPEC's Big Move: Less Than Meets the Eye
With oil production outpacing consumption, the oil cartel votes to slash production by 4.2 million barrels a day. Will it make a difference?

GREEN BIZ
Algeria's Carbon-Capture Experiment
A venture by Algeria's Sonatrach, BP, and Norway's Statoil to strip CO2 out of natural gas and store it underground could help cut emissions

COMPANIES
Siemens Settlement: Relief, But Is It Over?
Now that Siemens has settled corruption charges, it must prove it can win business honestly, even when rivals may continue to bribe

EUROPE • From Spiegel Online
German Automakers Push for Bailout, Too
In the wake of the planned American auto industry bailout, German carmakers want a similar package in Germany and also may seek aid in the U.S.

EUROPE • From Spiegel Online
Human Rights Group Slams PC Makers
A Hong Kong-based watchdog says some Chinese electronics workers put in 12-hour days at low wages making parts for computers sold in Europe

EUROPE • From The Independent
Web Shopping Hurting British Storefronts
Even as British Internet shopping grew 16% last month, traffic to retail stores fell. That's bad news for stores lacking a presence on the Web

TECHNOLOGY • From silicon.com
Jobless Techies Turning to Crime?
New reports warn that some laid-off IT workers may be tempted to use their tech skills and insider knowledge to commit cyber-fraud

EUROPE • From The Independent
IT Firms Vie to Run British Smart Meters
The government is inviting bids to run a national network of devices to monitor electricity use

TECHNOLOGY • From silicon.com
British Tech CEOs Are Sanguine About the Downturn
A survey of 100 executives reports that 91% say they expect 2009 sales to equal or exceed those of this year

GLOBALITY: HAROLD L. SIRKIN
Beyond Survival: Winning in a Global Recession
Unfortunately, we're all in this economic downturn together. But there are strategies to help your business emerge on top

EUROPE • From EUobserver
EU Climate Deal Slammed as 'Mirage'
Critics charge concessions will undercut the EU's plan to cut emissions 20% by 2012, and say the big winners are European industry and Eastern Europe's power-generating sector

EASTERN EUROPE • From Transitions Online
Hungary's Doctor Shortage
Low pay at home, plus poor prospects and conditions, spur hundreds of physicians each year to seek work elsewhere in the EU

PARKER ON WINE
Barbaresco: Northern Italian Beauties
Like Ferraris, Barbarescos are from Northern Italy, elegant, very expensive, and almost always worth it

 BW'S PICKS FROM AP NEWS >>

Pound falls to new lows on zero interest rate talk

Russia's Gazprom threatens to cut gas to Ukraine

Qantas, British Airways break off merger talks

German business confidence falls further in Dec.

Chip makers' supplier ASML cuts 1,000 staff

MORE BREAKING NEWS FROM AP >


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