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UPDATE: Ford to transfer UK plant to Turkey
Stephen Beard Oct 25, 2012
Ford has announced the closure of its last vehicle manufacturing plant in the UK. The company is reportedly shutting down a van factory and shifting production to Turkey.
Spain continues bailout waiting game
Christopher Werth Oct 18, 2012
For months now, Spain has been bracing itself for a bailout. While the country waits, the government has already made many of the deep budget cuts that typically come with bailouts.
EU summit to focus on banking union
Stephen Beard Oct 18, 2012
European leaders meet in Brussels today for a summit on whether to enact a banking union across the EU and check in on beleaguered Greece.
Nobel Peace Prize: And the winner is Europe!
Stephen Beard Oct 12, 2012
At last some good news for Europe -- racked by the worst economic crisis in its history, the European Union has just won the Nobel Peace Prize.
Weekly unemployment claims fall to four year low
Jeff Horwich Oct 11, 2012
New weekly claims for unemployment fell last week to the lowest level in four and a half years. Elsewhere around the world, the S&P has downgraded the soveign debt of Spain.
Is the IMF going soft on austerity?
Stephen Beard Oct 11, 2012
The head of the International Monetary Fund, Christine Lagarde, wants countries to stop cutting and start spending. In Tokyo today, the leader warned that austerity is making the global economy worse.
Red Cross launches appeal for Spanish poor
Guy Hedgecoe Oct 10, 2012
The disaster relief agency asks for help to assist those affected by the European debt crisis.
Greece reacts with protests to a visit from Germany's Merkel
Sarah Gardner Oct 9, 2012
What are Greeks thinking about after a visit from Germany's Chancellor Merkel? Anger, frustration -- and some merriment.
Mass protests in Greece welcome Angela Merkel
Steve Evans Oct 9, 2012
German Chancellor Angela Merkel is in Greece today for her first visit since the European debt crisis began. Greeks aren't laying out the welcome mat though, as masses come out to protest against German-led austerity.
Spain delays bailout, China growth slows
Jeff Horwich Oct 8, 2012
In Europe, the latest signals are that Spain will not take a bailout in the immediate term. China's economic growth is slowing as investment takes a back seat to consumer spending.
