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EU embarks on job-creation offensive
The European Union will launch plans to invest €50-billion in modernising digital, energy and transport networks and creating jobs.
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Europe’s innovation woes deepen
The continent has invested far less in research and development than Asia and the United States.
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BMW staff tighten their belts
The German group had €8-billion in cash at the end of 2008, when it saw profits drop to €921-million from more than €4-billion the previous year.
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Bank pledges bail-out billions
The European Investment Bank’s statutes state that its outstanding loans portfolio cannot exceed 250% of its capital.
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Toyota workers face three-day week
Toyota, the world’s biggest carmaker, is considering plans to put its European workforce on a three-day week.
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Carmakers panic over sales gridlock
North America is not the only significant car market affected by a recent slump in sales.
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Energy revolution needed
The IEA warns bluntly: "There remains a real risk that under-investment will cause an oil-supply crunch in that time frame."
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Bleeding to death
President elect Barack Obama has only 100 days to save the US auto industry, write David Gow and Mark Milner.
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Germans gloomy as recession looms
German corporate and consumer confidence sank to new lows last week, hastening fears that Europe’s biggest economy is sliding into a deep recession.
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UK on brink of recession as firms cut back
A survey of 5 000 businesses reveals less investment and more job cuts, write Kathryn Hopkins and David Gow in London.