Breaking Europe Business News

Ernst & Young's Item Club said there were "disturbing weaknesses" in the Scottish economy and predicted growth of -4.9% this year and 0.7% in 2010. The forecaster said it expected job cuts to continue, with the unemployment rate reaching as...

Europe's leading stock indexes closed higher on Friday, reversing earlier sharp losses driven by a shock debt announcement in Dubai that alarmed markets worldwide...Frankfurt's DAX rose 1.27 percent to 5,685.61 points and in Paris the CAC 40 gained 1.15 percent...

The danger lies in what the emirate’s woes have done to confidence in world markets, and what they have revealed about the reality of some of the Gulf state’s finances after a decade of excessive borrowing. The spectre of sovereign...

Nokia Corp. said Tuesday it is axing 220 jobs at research and development units in Japan as the world's largest mobile phone maker continues to cut costs. Last week it announced 330 job cuts in Finland and Denmark at its...

A package of regulatory reforms, tax changes and measures to spur job creation will reinvigorate the Spanish economy in 2010, Economy and Finance Minister Elena Salgado has said. Though the cabinet has agreed on the outline of the Sustainable Economy...

TThe dollar, which was low yielding since last many months, rose against most major currencies after Dubai’s attempt to holdup debt. This situation stimulated investors to sell higher-yielding assets backed by the currency. The yen declined against the dollar after...

After consumers have hit the malls and big-box stores on Black Friday, online retailers gear up for their day to shine. As the theory goes, the Monday after Thanksgiving is a popular day for online shopping. Folks who couldn't land...

Stocks tumbled for second day on Friday due to Dubai’s debt issue. Dubai’s shock demand to suspend the debt of a key state company. The Dow Jones industrial average fell 193 points, after closing Wednesday at a 13-month high. The...