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Europe Top News and Analysis Belgium

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    Greece announced Sunday a long-delayed rescue package that will require years of painful fiscal belt-tightening, but the deal probably will not defuse the potential threats to other European countries, The New York Times reports.

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    Amid mounting frustration over taxation and banking problems, small but growing numbers of overseas Americans are taking the weighty step of renouncing their citizenship. The New York Times explains.

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    Speculators have begun to zero in on another small member of Europe’s troubled monetary zone, the New York Times reported, highlighting the same economic flaw that brought Greece to the verge of insolvency.

  • Greece

    There is little certainty in Brussels about what will be delivered to help Greece, or if a move would have any legal basis.

  • Workers of AB InBev stand on a picket line as they strike outside the InBev Brewery in Leuven, Belgium.

    Belgian beer lovers hoping to forget the economic slowdown and freezing weather over a few pints of their favorite brew may be in for a shock, UK newspaper the Telegraph reported.

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    Held at the iconic Somerset House in London's West End, the catwalk shows and exhibitions highlighted the UK's place in the global fashion landscape along with featuring new talent.

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    In the sprawling European subsidy program - which lavishes more than 50 billion euros ($75 billion at current exchange rates) a year in agricultural aid - no commodity is more susceptible to fraud, chicanery and rule-bending, experts say, than simple household sugar.

  • Taxes

    Soon the IRS tax form will be two lines and two lines only. First will be how much did you make, second will simply be the instructions to send it all in. The tax plans coming out of Congress to pay for the health proposals are punitive and confiscatory (but are likely to kill any chances that the bill would be enacted into law).

  • General Motors’ plan to sell its European operations to a Canadian auto parts maker and a Russian bank appeared Monday to be in trouble, when another bidder said it was nearing a deal for the unit, the New York Times reported.

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    Belgian and French leaders said Thursday that bailed-out Fortis bank has a future despite shareholder rejection of the sale of the troubled lender to France's BNP Paribas.

  • European nations scrambled on Sunday night to prevent a growing credit crisis from bringing down major banks and alarming savers as troubles in financial markets spread around the world, accelerating economic downturns on three continents, the New York Times reported.

  • Even in times of global financial downturn, you can be sure of one thing people will continue to buy and consume: beer. It would take more than rising commodity costs and plummeting stocks to quench the hardy revelers of these 20 nations. (Ranked per capita.)

    It would take more than rising commodity costs and plummeting stocks to quench the hardy revelers of these 20 nations. (Ranked per capita.)

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    Rising fuel and food costs, the threat of job losses and disputes over pensions and pay are just some of the factors that sparked thousands of disgruntled workers to take action this summer.

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    Belgian-Dutch financial services group Fortis reported a better than expected quarterly net profit on Monday, which halved from a year earlier on writedowns that offset one-off gains.

  • ArcelorMittal, the world's No. 1 steelmaker, reported second-quarter results far above analysts' expectations on Wednesday as it managed to pass on rising raw material costs despite the growing economic gloom.

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    Warren Buffett's Berkshire Hathaway will get almost $2.5 billion in cash as part of InBev's now friendly $50 billion deal to acquire Anheuser-Busch.

  • Warren Buffett may be playing a role in turning what had been a bitter and nasty takeover battle for control of St. Louis-based Anheuser-Busch spacer into a friendly deal, according to this morning's New York Times.  Here's what he's been saying to CNBC about the situation.

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    The Bud maker is in active talks to reach a friendly deal with InBev, people briefed on the matter said.

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    Anheuser-Busch on Monday slammed InBev's efforts to replace the U.S. beer company's board, but said it would be open to any proposal that provided "full and certain value" for shareholders.

  • InBev upped the pressure on reluctant bid target Anheuser-Busch on Monday with a plan to replace the U.S. rival's board of directors that has rejected its $46.3 billion takeover offer.