WSJ.com: What's News Europe

Turmoil Taking Toll on Europe

Fri, 09 May 2008 21:00:00 EDT

Demand for loans from euro-zone companies is slowing amid tightening lending standards, an ECB survey found.

Pro-EU Party Leads in Serbian Vote

Sun, 11 May 2008 17:15:00 EDT

Serbia's pro-Western president declared victory in the country's parliamentary elections. Separately, he also said his government would never recognize Kosovo's statehood.

Shell Drops Iran Gas Deal

Sun, 11 May 2008 20:46:00 EDT

Shell dropped out of a preliminary deal to join an Iranian natural-gas project, although it is looking at joining at a later stage.

Microsoft Appeals EU Fine

Fri, 09 May 2008 20:25:00 EDT

Microsoft is appealing the nearly $1.4 billion fine imposed on the tech giant by the European Commission for failing to comply with a landmark antitrust ruling.

Finmeccanica Targets U.S. Defense Firm

Sun, 11 May 2008 20:31:00 EDT

Finmeccanica's bid for DRS Technologies will test foreign sales of sensitive U.S. defense companies, which have been almost exclusively to companies from America's closest allies.

Ex-Siemens Head May Face Charges

Fri, 09 May 2008 20:24:00 EDT

German prosecutors began civil proceedings against former Siemens Chairman von Pierer on suspicion of failed oversight at Europe's largest engineering company, which is enmeshed in a bribes-for-business scandal.

Myanmar Peril Escalates

Sun, 11 May 2008 19:46:00 EDT

Relief workers warn that it could take weeks to reach many of Myanmar's cyclone victims due to the nation's decrepit infrastructure, increasing the number of people at risk and raising the possibility of unrest. The toll from last week's cyclone climbed to about 29,000.

Wall Street Cuts Pick Up

Sun, 11 May 2008 09:04:00 EDT

Wall Street's downsizing is picking up steam. For employees at banks and securities firms, it feels like death by a thousand cuts.

British Energy Attracts EdF Bid

Fri, 09 May 2008 20:10:00 EDT

Electricité de France submitted a bid for British Energy, making it the front-runner to buy the utility.

Plavix May Face Generic Competition

Fri, 09 May 2008 19:57:00 EDT

Sanofi and Bristol-Myers face possible generic competition in Europe to blockbuster anticlotting drug Plavix.

Russia Celebrates Victory Day

Sun, 11 May 2008 00:51:00 EDT

Missiles, tanks and other heavy weaponry rolled through Moscow's Red Square in the Victory Day parade, the first time since the collapse of the Soviet Union that they have appeared in the annual event.

Diageo Plans Guinness Overhaul

Fri, 09 May 2008 13:54:00 EDT

Diageo plans to lay off more than half of its brewery workers at its Irish Guinness unit, close two breweries and shift most beer production to a new, high-tech plant in the Dublin suburbs by 2013.

Top Aegis Manager to Leave

Fri, 09 May 2008 13:59:00 EDT

Aegis Group pushed out one of its top managers, Mainardo de Nardis, the second senior executive in three weeks to announce he is leaving the ad buyer.

Dresdner Drags Allianz Results Lower

Fri, 09 May 2008 04:57:00 EDT

Allianz reported a 65% drop in net income, hurt by write-downs of $1.3 billion at Dresdner Bank, as Europe's largest insurer cast doubt on its medium-term outlook.

ECB, BOE Leave Rates Unchanged

Thu, 08 May 2008 19:21:00 EDT

The ECB and Bank of England left their key interest rates on hold, as persistent inflation pressures outweighed concerns about the increasing likelihood of slower economic growth.