Business news results from Europe - powered by AnHourAgo Media Engine (AME)

The Local (Sweden) SAS to lose profits over Spanair bankruptcy Today at 00:16:18 - Scandinavian airline SAS has been hard hit by former subsidiary Spanair's bankruptcy, and has warned that results would drop by 1.7 billion kronor ($252 million). Sweden can back eurozone pact: Riksdag 05/02/2012 at 00:15:01 - The Riksdag's EU affairs committee on Friday gave the go ahead to the Swedish government to support the eurozone budget pact at next week's EU summit, provided certain conditions are met. Nordea closes out 2011 by beating forecasts 02/02/2012 at 00:12:33 - Swedish bank Nordea reported better-than-expected profits for the final quarter of 2011, although profits for the entire year were down by 1 percent. Staffing firm used 'fake' jobs to dupe workers 01/02/2012 at 00:12:21 - A Swedish staffing firm has come under fire for offering workers temporary job assignments that didn't actually exist in order to avoid paying them. Saab administrator: 'the patient is dead' 31/01/2012 at 00:13:07 - Saab's bankruptcy administrator said at a press conference on Saturday that the company "is a patient who has long bled to death and the brutal truth is that the patient is dead", but retained hope th ...	Prague Monitor FinMin proposes 2012 deficit at CZK 95bn with 19-percent VAT Today at 00:07:39 - ?TK The decision to raise VAT to 19% next year would cut the deficit to CZK 95 billion from the planned CZK 105 billion, Finance Minister Miroslav Kalousek (TOP 09) said after meeting with leade ... HN: ?R's former embassies don't sell Today at 00:07:38 - ?TK The Foreign Ministry is having difficulties selling closed-down embassies and consulates by setting the price too high, daily ... MfD: ?R bets on themed hotels to attract tourists Today at 00:07:36 - ?TK Many hotels are offering themed accommodation, such as the medieval experience and space travel, in order to attract tourists, daily Mladá fronta Dnes (MfD) reported yesterday. Former transport minister buys majority stake in Slavia football club Today at 00:07:32 - ?TK Aleš ?ebí?ek, a controversial former transport minister, is the new majority owner of Slavia Praha football club. HN: Czechs overestimate risks linked to land sale to foreigners Today at 00:07:19 - ?TK Most Czechs insist on state land to not be sold to foreigners, but in fact there are far bigger problems related to land handling than opening up the market to EU citizens, Petr Havel writes ...	Swiss Info Site inspections track labour law abuses 05/02/2012 at 23:58:59 - For almost ten years Switzerland and the European Union have had an agreement allowing the free movement of people, effectively creating a common labour market. Novartis U-turn is a “win-win solution” 05/02/2012 at 23:58:59 - The decision by Novartis to scale down Basel job cuts and reverse its October decision to close a Swiss factory has been hailed as a triumph for local resistance. US tax scandal brings down Wegelin 04/02/2012 at 23:56:59 - Switzerland's oldest private bank, Wegelin & Co, will sell most of its business to the Raiffeisen Group amid a dispute with United States tax authorities. Davos Open Forum gives lessons in leadership 04/02/2012 at 23:56:59 - Those attending the Davos Open Forum this week heard plenty of calls for bold and innovative leadership in times of crisis. WEF seeks to rewire global leadership 04/02/2012 at 00:00:27 - The World Economic Forum’s (WEF) flagship meeting in Davos will this year attempt to close widening gaps between world leaders and different sections of society.
OVI Magazine Is the change in Myanmar for real? 05/02/2012 at 23:57:01 - In its latest gesture of amnesties, the military-backed regime of Thein Sein in Myanmar has released many political prisoners. Those freed included veterans of the 1988 student protest movement, monks ... End of an Affair? City of London and EU in Bitter Acrimony 05/02/2012 at 23:57:01 - The global financial crisis has had a seemingly odd impact on relations between the City of London, the United Kingdom and the European Union. Before the crisis, the dominant assumption in Britain was ... Murderous Marines: The Wuterich Trial 05/02/2012 at 23:57:01 - Killing has its own, laboriously worked out taxonomy, with layers of meaning imposed on its occurrence. This is whether it is exculpated because of a recognised defense at law; whether it is justifie ... Syria : Opportunities and Limits of International Observation Efforts 04/02/2012 at 23:57:03 - The League of Arab States Observer Mission to Syria is in an administratively critical time with the Observer Mission members from Saudi Arabia and the Gulf Cooperation Council States of Bahrain, Kuwa ... A Finnish election of see and not hear 04/02/2012 at 00:00:47 - This was a weird campaign; a more strange first round presidential election and even though everybody sort of knows who\'s going to win they are looking forward for the second round focusing not on th ...	FT Europe Vodafone set to halt Greek unit merger 05/02/2012 at 22:11:28 - The UK telecoms business looks as if it will abandon attempts to amalgamate with rival Wind Hellas in the face of regulatory concerns Sabadell poised for €1.2bn rights issue 05/02/2012 at 21:57:37 - Cascade of recapitalisations and mergers predicted across the Spanish banking sector following strict new government regulations Fishermen tenacious in the face of change 05/02/2012 at 18:29:25 - After many difficult years investment and diversification sees the fishing sector look to calmer waters but restrictions remain a big worry Intesa chief plans top-tier shake-up 05/02/2012 at 17:56:40 - Cucchiani to revamp top management, as Italy’s biggest bank by market value seeks to reinvent itself as ‘less Italian’ and more of a global player US tax evasion hangs over Swiss banks 05/02/2012 at 17:43:26 - Eleven Swiss banks face questions over US investigation with the decision to accept business after the UBS settlement seen as incomprehensible	Typically Spanish Spanish unemployment reaches 5.2 million 05/02/2012 at 00:15:48 - The EPA figure for the last quarter of 2011 has just been published Spain Business Brief - Friday January 27 2012 05/02/2012 at 00:15:47 - The state of the economy and problems for Spanair Fitch downgrades Spanish solvency two steps 05/02/2012 at 00:15:46 - Six other European countries have also been downgraded Spanair stops operations and faces nine million Euro government fine 05/02/2012 at 00:15:45 - The decision of Qatar Airways not to take a 49% share in the Spanish airline means the operation is not viable. Spain Business Brief - Thursday January 26 2012 04/02/2012 at 00:12:54 - Mariano Rajoy in Berlin with Merkel Spain Business Brief - Friday February 3 2012 03/02/2012 at 16:15:44 - Government gives more money to the regions Spain Business Brief - Wednesday January 25 2012 03/02/2012 at 00:16:43 - Spanish Government says the 4.4% deficit target remains in place Government toughens control on Spain's banks 02/02/2012 at 19:46:28 - The measures are to be passed by the cabinet Friday morning
Adnkronos International (AKI) Italy: Economic growth picks up during second quarter 05/02/2012 at 00:15:34 - Italy: Economic growth picks up during second quarter (05/08/2011 - 16:37:08) EU: Leaders offer 159 billion euros in new Greek aid 04/02/2012 at 00:13:16 - EU: Leaders offer 159 billion euros in new Greek aid (22/07/2011 - 11:21:04) Italy: Lactalis Gets €7.5 bln loans for Parmalat bid, refinancing 04/02/2012 at 00:13:16 - Italy: Lactalis Gets €7.5 bln loans for Parmalat bid, refinancing (28/07/2011 - 13:12:41) Italy: Trade group says economy stalled in third quarter 04/02/2012 at 00:13:16 - Italy: Trade group says economy stalled in third quarter (21/07/2011 - 11:29:43) Belgium: Italy's Eni bolsters position in Belgian gas market with new ... 04/02/2012 at 00:13:16 - Belgium: Italy's Eni bolsters position in Belgian gas market with new purchase (27/07/2011 - 12:55:40) Italy: Italian finance minister meets with Eurogroup's chair 04/02/2012 at 00:13:16 - Italy: Italian finance minister meets with Eurogroup's chair (03/08/2011 - 15:01:14)	Xpat Loop Forint Gains As Hungary Minister Prepares IMF Talks On Aid Deal 04/02/2012 at 23:59:40 - "The forint and Hungarian stocks gained as Hungary’s chief negotiator traveled to Washington to prepare official negotiations with the International Monetary Fund on a bailout package." Hungary: Savers Move Cash To Austria 04/02/2012 at 23:59:40 - "High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail." IMF Said To Make Hungary’s Flat Tax Part Of Bailout Talks 04/02/2012 at 23:59:39 - "The International Monetary Fund may require Hungary to change its flat personal income tax as part of a bailout agreement, according to a person familiar with the Washington-based lender’s preparatio ... Hungarian Concorde Analysts Got It Right Most 04/02/2012 at 23:59:38 - "Analysts at Concorde brokerage gave the most reliable equity targets for Hungarian and regional stocks to institutional investors in 2011, according to a survey by Bloomberg. Hungary's IMF Negotiator To Start Talks 04/02/2012 at 00:02:46 - "Hungary was set to kick off crucial bailout talks with the International Monetary Fund (IMF) on Monday in Washington, Hungarian officials said. Hungarian negotiator Tamas Fellegi 'already has talks t ...	Baltic Business News Developer starts renovation of former KGB building in Tallinn Old Town 04/02/2012 at 23:59:02 - Reconstruction works have commenced at the property of Pagari 1 in Tallinn Old Town, to convert the historical building that by 1990s was used by Soviet security forces into 42 luxurious apartments. Russian businessmen buy cinema Kosmos building for 770,000 euros 04/02/2012 at 23:59:02 - Iron Capital OÜ that belongs to citizens of Russia Evgeni Muljukov and Olga Revjakina has acquired the cinema Kosmos building at Pärnu mnt 45 in central Tallinn, writes Äripäev. Lithunian retail trade volume up 8.8% in 2011 04/02/2012 at 23:59:01 - In 2011, Lithuania's retail trade sector posted a much awaited trade volume recovery of 8.8% after two contraction years of -22% in 2009 and -7% in 2010, writes news2biz.com Officials: ACTA will have an impact on Estonian legislation 04/02/2012 at 00:01:33 - Representatives of the ministry of foreign affairs admit that the Anti-Counterfeiting Trade Agreement (ACTA) that is set to be signed in Tokyo tomorrow will have an impact on Estonian legislation sinc ... Tallinn Airport expects 15% growth in 2012 04/02/2012 at 00:01:31 - Tallinn Airport expects to service 2.2 million passengers this year, up about 15% from 2011. The most significant contributors to the growth are expected to be the national carrier Estonian Air as wel ...
The Local (Germany) Germany rakes in record tax income 04/02/2012 at 23:56:46 - December saw the biggest tax haul in German history, it was reported Friday - but the recent revenue boom is slowing down. Deutsche Bank boss sees Greece debt deal 04/02/2012 at 23:56:45 - The head of Germany's top bank, Deutsche Bank, said Friday he was confident a solution could be found to Greece's woes amid reports of progress in talks between Athens and banks on a debt writedown. Deutsche Bank profits fall as debt crisis bites 02/02/2012 at 10:57:38 - Deutsche Bank, Germany's biggest bank reported Thursday a bigger-than-expected drop in earnings at the end of last year as the eurozone sovereign debt crisis hurt business. Will Bionade fizz go flat after Dr Oetker takeover? 01/02/2012 at 14:40:49 - Trendy German soft drink maker Bionade could lose its cult cachet after being bought out by un-hip food giant Dr Oetker, a firm best known for cake mixes and frozen pizzas. Robust economy leaves long-term jobless behind 31/01/2012 at 16:29:50 - Long-term unemployed people are still having difficulty finding a job despite Germany's robust economy in recent years, according to a media report on Tuesday.	Belfast Telegraph French Connection in profit alert 04/02/2012 at 13:14:42 - French Connection, the fashion retailer, has suffered its second profit warning in less than three months after it was hit by weak retail sales over Christmas. Related StoriesTrader falsified the boo ... Stock and awe as Facebook flotation may top $100bn 03/02/2012 at 11:43:26 - Facebook has launched the most hotly-anticipated stock market flotation since the dot.com bubble burst more than a decade ago, promising to sell its shares to the public in a deal that will make bill ... Riverfront's revamp can be massive asset 03/02/2012 at 09:46:42 - Northern Ireland needs to properly develop its riverfront spaces, according to one of the architects behind the plans for a proposed new £20m extension to Belfast's Waterfront Hall.Related Stori ... Firm boosted by premises move 03/02/2012 at 09:46:42 - A BELFAST insurance firm has seen a 200% rise in business following a £300,000 investment in new premises.Related StoriesShell chief wants less 'emotional' response to frackingBP awards pipeline ... Dutch treat for mobile technology group in software products link-up 03/02/2012 at 09:46:42 - A MOBILE technology company with a base in Belfast has won new business in the Netherlands.Related StoriesShell chief wants less 'emotional' response to frackingBP awards pipeline dealTrader falsified ...	Irish Examiner Shared services provider SouthWestern named Cork company of the year 04/02/2012 at 03:45:37 - The Clonakilty-based SouthWestern is the winner of the Cork Chamber/ Vodafone Cork Company of the Year Award. Ireland should not be ‘bounced’ into asset sale 04/02/2012 at 03:45:37 - Ireland should not allow itself to be bounced into selling off State assets, the chief executive of Bord Gáis, John Mullins, said last night. Tullow Oil secures Ugandan go-ahead 04/02/2012 at 03:45:37 - Tullow Oil has received the long-awaited go-ahead from the Government of Uganda to complete its farm-down process of local assets. ‘Firm decision’ promised on airport’s future 04/02/2012 at 03:45:37 - The economic crisis presents Ireland with a great opportunity to implement reform to achieve recovery, and to ensure the calamity inflicted on the Irish people is never repeated, Enda Kenny said la ... With our fiscal policies, is the compact right for Ireland? 04/02/2012 at 03:45:37 - The fiscal compact — the Not Quite an EU Treaty as it has been termed — is the proverbial curate’s egg.
Radio Prague News Government brings back revamped economic advisory board 04/02/2012 at 00:02:31 - The Czech government has set up a revamped economic advisory board, or NERV. The board, which was first set up in 2009 to deal with the economic crisis, will now focus on areas such as public budgets ... City dismisses proposed demolition of Strahov Stadium 04/02/2012 at 00:02:31 - The City of Prague has wasted no time reacting to a proposal made public this week that the famous Strahov Stadium, overlooking the city, could be demolished to pave the way for new development. The i ... Business News 8.20.2010 04/02/2012 at 00:02:30 - In Business News this week: end of the road for many Czech truckers; Tatra pins hopes on facelifts; Prague pushes for changes in EU deficit rules; Finance Ministry retreats from tax perk attack; and ... Czech government shakes up employment rules for foreign workers 04/02/2012 at 00:02:30 - The Czech government has moved to crack down on foreign workers who overstay their welcome in the country. At the same time it has set up a new system for attracting qualified foreign workers. Labour ministry plans controversial cuts to state employees’ salaries 04/02/2012 at 00:02:30 - Come 2011, the Ministry of Labour wants to see state employees’ salaries cut by 10%. That was the main point of a proposal put forward on Thursday as part of the coalition’s pledge to reform the publ ...	RTÉ.ie Spain wants banks to set aside €50 billion 03/02/2012 at 19:45:06 - Spain's government has launched a major clean-up of the country's troubled banks. New York State sues banks on mortgages 03/02/2012 at 19:14:22 - The state of New York is suing major US banks for fraudulently foreclosing on thousands of homeowners. US jobs growth beats expectations 03/02/2012 at 15:12:32 - Official figures show that the US economy created more jobs than expected in January. Bumper sales drive Volvo profit rise 03/02/2012 at 14:13:30 - Volvo Group, the world's second-largest truck maker, has announced a 63% jump in its 2011 net profit. Former UBS trader is refused bail 03/02/2012 at 14:13:30 - Former UBS trader Kweku Adoboli was refused bail by a London court this morning. Value of Dublin share deals down 22% 03/02/2012 at 13:44:35 - The volume of share trading on the Dublin market rose last year, but the value of the deals fell. Euro business activty crept up last month 03/02/2012 at 13:13:09 - A report has shown that the euro zone's private sector economy halted a four-month decline in January.	Russia Today Finance gurus say Russian economy must do better 03/02/2012 at 16:43:41 - Could do better is the ‘end of term’ report on Russia from experts meeting at the Russia Forum 2012 in Moscow. Russian energy industry needs more investment and efficiencies 03/02/2012 at 16:43:41 - Russia will remain China and India’s corner stone for energy for many years, says Fatih Birol, Chief Economist from the International Energy Agency. But it needs to invest more into the industry and ... The Euro: to be or not to be? 03/02/2012 at 14:13:32 - None of the experts at the Russian Forum 2012 are in doubt. Even if the ‘end of the world’ scenario for the Euro doesn’t play out, the economic recovery will be painful and long lasting. Mystery of the missing gas 03/02/2012 at 10:13:43 - With temperatures across Europe falling, so has supplies of Russian gas, and that’s got the bosses at Gazprom scratching their heads. Lukoil executive: Iran tension to effect long term on oil market 03/02/2012 at 09:44:27 - Iran tension will be heating up oil prices for a long time, but they are unlikely to sky-rocket, according to Leonid Fedun, Vice-CEO of Lukoil.
The Moscow Times $6Bln Arms Exports to Syria Part of the Equation 01/02/2012 at 19:15:53 - Russia is counting on President Bashar Assad to keep his grip on power to see through potential arms contracts worth up to $6 billion and help Moscow reach a record defense export year, according to t ... Saakashvili, Obama in Trade Talks 01/02/2012 at 16:47:14 - U.S. President Barack Obama said Monday that the United States and Georgia were exploring the possibility of a free trade agreement to expand commerce and strengthen trade relations. Pork Import Rise Possible With WTO 01/02/2012 at 16:47:13 - Pork imports into Russia may triple as the country's membership in the World Trade Organization discourages investment in the industry. Nervous Russian Buyers Power London Luxury Homes Market 01/02/2012 at 16:47:11 - Russian investors increased their share of luxury-home purchases in London's most expensive neighborhoods more than any other group in the fourth quarter, Hamptons International said, as Vladimir Puti ... Economy Expanded 4.3% in 2011 01/02/2012 at 16:47:10 - Russia's economy grew faster than forecast last year after falling unemployment and record-low inflation helped bolster consumer demand in the fourth quarter.	CityWire Sunday Papers: Barclays’ profit set for £6bn 05/02/2012 at 07:13:37 - And Reckitt Benckiser is set to ditch quarterly reporting of profits amid fears that the long-term growth of the company is under threat. Saturday Papers: Nasdaq jumps to 11-year high on surge in US jobs 04/02/2012 at 06:13:14 - The report showed that 243,000 Americans found work in January, helping to drive the unemployment rate down to 8.3% from 8.5% in December. Silver needs 'a new group of investors' to keep surging higher 03/02/2012 at 18:13:50 - Silver sprinted ahead 17% higher in January, making it the best performer of all precious metals but the metal will need to attract new investors to keep up its performance US jobs boost triggers FTSE buying spree 03/02/2012 at 18:13:49 - (Update) Better than expected US non-farm payrolls data crown a strong week for markets. Sipp: how to pick a self-invested pension plan 03/02/2012 at 17:13:19 - Want more control over your pension investments? Then read our guide to self-invested pension plans (Sipps).	RTT News Romney Wins Nevada Republican Caucus 05/02/2012 at 05:13:08 - Former Massachusetts Governor Mitt Romney Saturday claimed his second straight victory of the GOP presidential nominating contest, winning the Nevada caucuses in commanding fashion Saturday. Romney w ... Micron CEO Appleton Dies In Plane Crash 04/02/2012 at 02:13:36 - Memory chip maker Micron Technology, Inc. (MU) said Friday that its chairman and chief executive officer Steve Appleton died this morning in a small plane accident in Boise. He was 51. Upbeat Jobs Data Leads To Rally On Wall Street 03/02/2012 at 23:13:23 - After turning in a lackluster performance in the previous session, stocks showed a substantial upward move during trading on Friday, as traders reacted positively to a much better than expected report ... Obama Warns Congress Against Actions That Could Hamper Economic Recove... 03/02/2012 at 21:12:24 - President Barack Obama seemed pleased with the better than expected employment numbers released Friday but warned Congress about actions that could slow down the recovery. Speaking at a fire statio ... NY Attorney General Sues Wells Fargo, BofA, J.P. Morgan Over MERS 03/02/2012 at 20:12:55 - New York Attorney General Eric Schneiderman has sued several major U.S. banks charging that the creation and use of a private national mortgage electronic registry system known as MERS has resulted in ...