BusinessWeek.com -- Europe

Europe Left to Dig Deeper After G-20 Rebuff

Mon, 27 Feb 2012 11:22:27 EST

European leaders shift their focus this week to bolstering the euro region's debt-crisis firewall after the Group of 20 nations rebuffed their call for help, putting the onus on Germany to do more

Trailing European Profits Don't Dull Stocks

Tue, 28 Feb 2012 05:53:58 EST

European stocks are rallying just as much as the rest of the world in the best start to a year since 1998, even as analysts cut earnings forecasts, profits trail estimates by the most on record and debt-encumbered economies stop growing.

HSBC on Track for 2013 Profitability Goal

Mon, 27 Feb 2012 22:30:13 EST

HSBC Holdings Plc, Europe’s largest bank by market value, said it’s on a “clear trajectory” to meeting its profitability target next year as it posted pretax profit that missed analyst estimates.

Nokia Offers Cheaper Windows Phone

Wed, 29 Feb 2012 05:37:58 EST

Nokia will sell a Windows Phone priced at €189 in the second quarter to capture first-time users against similar devices powered by Google's Android software

Mobile Operators Turn to Merger Lite

Wed, 29 Feb 2012 11:52:57 EST

Phone-company executives gathering at the Mobile World Congress in Barcelona this week will be looking for network-sharing deals to divvy up the costs of high- speed systems for bandwidth-hogging video and gaming services.

Vodafone Peers Snub Sharing $40B Network Cost

Mon, 27 Feb 2012 18:02:13 EST

Vodafone Group Plc Chief Executive Officer Vittorio Colao asked rival European phone operators to share the 30 billion euros ($40 billion) in investments needed for faster networks as regulators balk at consolidation.

BP Weighs $14B Settlement of Spill Damage Claims

Wed, 29 Feb 2012 02:01:15 EST

BP and lawyers for businesses and individuals suing over the 2010 Gulf of Mexico oil spill are near a $14 billion accord to be funded with money set aside for out-of-court settlements

Volkswagen Set to Buy Remaining Porsche Stake

Tue, 28 Feb 2012 04:07:14 EST

Volkswagen AG, Europe’s largest carmaker, is closing in on a deal to purchase the remaining 50.1 percent stake in Porsche SE’s automotive business that it does not already own, people familiar with the matter said.

Maersk Says Container Line to Lose Money

Wed, 29 Feb 2012 07:30:56 EST

A.P. Moeller-Maersk A/S said its container line, the world’s largest, will report a loss again this year, depressed by lower freight rates and slower market growth.

Hang the Short Sellers?

Mon, 23 Jul 2012 17:14:09 EDT

Spain and Italy just reinstated a short-sale ban, even though there's little evidence it will prevent markets from deteriorating further

Low Tax Lures Wealthy to Swiss Town Rueschlikon

Tue, 13 Mar 2012 05:02:31 EDT

March 13 (Bloomberg) -- Bloomberg Television's Elliott Gotkine reports from Rueschlikon, Switzerland, a town that has attracted wealthy inhabitants, such as Glencore International AG's Chief Executive Officer Ivan Glasenberg, due to its low tax rate. (Source: Bloomberg)

Italy's High Speed Ambitions

Fri, 09 Mar 2012 03:57:31 EST

Mario Monti comes under fire over a multi-billion Euro high speed rail project

Fukushima Nuclear Meltdown Leaves Families Divided

Thu, 08 Mar 2012 11:06:13 EST

March 9 (Bloomberg) -- Residents of Minamisoma, in Japan's Fukushima prefecture, talk about their lives one year after a record earthquake and ensuing tsunami caused nuclear meltdowns at the nearby Dai-Ichi nuclear power plant. In September last year, restrictions on some areas near the crippled power station were lifted, but the fear of radiation exposure has made thousands flee their homes, leaving families living beyond the 20-kilometer (12.6-mile) exclusion zone around the plant divided. Bloomberg’s Scilla Alecci reports. (Source: Bloomberg)

Spanish Town Pays Debt With Marijuana

Wed, 07 Mar 2012 18:01:14 EST

A town in Spain has agreed to rent out land for growing marijuana in order to pay off its debt in two years

3/6: The Threat of a Nuclear Iran

Tue, 06 Mar 2012 17:25:12 EST

Charlie Rose: The Altantic's Jeffrey Goldberg and former U.S. Envoy to the Middle East Dennis Ross discuss the meeting of President Obama and Israeli Prime Minister Benjamin Netanyahu, and the threat of a nuclear Iran

Israel's Gas Bonanza

Mon, 05 Mar 2012 04:06:10 EST

Israel discovers 20 trillion cubic feet of natural gas; enough to power Israel for 100 years

Ahmadinejad Rivals Lead in Election Returns

Mon, 05 Mar 2012 03:08:09 EST

March 5 (Bloomberg) -- Rivals of President Mahmoud Ahmadinejad were leading in Iran's parliamentary election, which may strengthen the position of Supreme Leader Ayatollah Ali Khamenei. Lara Setrakian reports on Bloomberg Television's "First Look" with Caroline Hyde. (Source: Bloomberg)

Vladimir Putin Wins Russian Presidential Election

Mon, 05 Mar 2012 02:20:09 EST

March 5 (Bloomberg) -- Russian Prime Minister Vladimir Putin claimed victory in a presidential election and six more years in the Kremlin after winning 63.8 percent of the vote, with more than 99 percent of all ballots counted. Linzie Janis reports on Bloomberg Television's "Countdown." (Source: Bloomberg)

Obama Speaks About Iran's Nuclear Program

Sun, 04 Mar 2012 13:26:47 EST

March 4 (Bloomberg) -- President Barack Obama speaks about Iran's nuclear program and the U.S.'s resolve to prevent the country from developing a nuclear weapon. Obama, speaking to a conference of the American Israel Public Affairs Committee in Washington, says the U.S. won't rule out any options to stop Iran from obtaining a weapon, adding that there is still time for diplomacy to work. (These are excerpts of Obama's speech. Source: Bloomberg)