Europe News Europe

More

  • HELSINKI— Opera Software, a Norwegian company behind one of the world's most popular browsers, says Chinese investors have made a $1.2 billion takeover offer, causing its stock to jump more than 30 percent. Opera, which began in 1991 as a research project at Norway's largest telecoms company, Telenor, later became Opera Software. Opera Software shares shot up 36...

  • *Recall to result in Daimler charge of 340 mln euros. *Charge lowers Daimler 2015 profit to 8.7 bln euros from 8.9 bln. WASHINGTON/ FRANKFURT, Feb 10- German carmakers Volkswagen and Daimler are recalling 1.5 million vehicles in the United States due to potentially faulty airbags made by Japanese company Takata Corp, the focus of a long-running global safety...

  • LONDON— For Britain and the European Union, they are three little words that expose big philosophical differences: "Ever closer union." The phrase, baked into the EU's 1957 founding treaty and other key documents, remains a fault line between Britain and its European neighbors. On Tuesday, the EU's six original member nations- including Italy, Germany and France-...

  • LISBON, Feb 10- Portugal's new Socialist government will be rigorous in controlling the budget to ensure financing for the economy, aware of recent jumps in bond yields, Finance Minister Mario Centeno said on Wednesday. Portugal's 10- year bond yields hit their highest since October 2014 on Tuesday although they retreated slightly on Wednesday to around 3.52...

  • GENEVA— Organizers of the World Economic Forum, which holds an annual meeting in Davos, Switzerland, have postponed a similar conference planned to take place in Egypt this spring over security concerns. The WEF Middle East and North Africa conference generally alternates between Jordan and Egypt from year to year and welcomes dignitaries and high-ranking...

  • TOKYO/ BRUSSELS, Feb 10- Asahi Group Holdings Ltd has offered to buy SABMiller's Peroni, Grolsch and Meantime beer brands for 2.55 billion euros, it said on Wednesday, as the Japanese company seeks to offset slow growth at home. Asahi is Japan's biggest brewer with a 38 percent market share, but the company has sought growth outside of Japan where a shrinking...

  • LONDON, Feb 10- World-leading technology company ARM Holdings said a vote to leave the European Union by the British electorate, the so-called Brexit, would hinder its ability to employ the scientists and engineers it needs. Britain's Prime Minister David Cameron has promised voters an opportunity to decide whether the country should remain a member of the...

  • LONDON/ ROME, Feb 10- Europe's top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum. Wednesday's industrial output data for Britain, France and Italy followed news a day earlier of a shock plunge in Germany, setting back expectations...

  • REIGATE, England, Feb 10- Unsure how a misfiring global economy is affecting matters at home, Bank of England chief Mark Carney has turned to an age-old gauge of Britain's economy: the word on the street from a trusted band of regional agents. "You get all that sort of background that certainly doesn't come from reading statistics," Martin Weale, an external member of...

  • VIENNA, Feb 10- Austria's Voestalpine expects duties on cheap imports to take the pressure off Europe's steel industry this year following its worst downturn in about a decade. European steel companies are struggling to cope with sharp price falls and growing overcapacity as China and Russia are accused of exporting massive quantities at artificially low...

  • Twitter has created a Trust & Safety Council to advise it how it can make its users feel safer on the social media platform.

  • MONTE CARLO, Monaco _ Navios Maritime Acquisition Corp. on Wednesday reported fourth-quarter earnings of $20.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share. Four analysts surveyed by Zacks expected $77 million.

  • LISBON, Feb 10- Portugal's new Socialist government is well aware of the country's rising bond yields and will be rigorous in controlling the budget to ensure financing for the economy, Finance Minister Mario Centeno said on Wednesday. Portugal's 10- year bond yields hit their highest since October 2014 on Tuesday although they retreated slightly on...

  • *Mercedes catching up fast in China. BERLIN, Feb 10- Germany's Audi and BMW sold fewer vehicles in January than luxury rival Mercedes-Benz, which has benefited from a continued surge in Chinese demand for its compact cars and sport-utility vehicles. Munich- based BMW posted a 7.5 percent increase to 133,883 cars at its core brand and predicted the "positive trend"...

  • Iran's oil minister said Tehran was ready to negotiate with Saudi Arabia and the Kremlin's oil tsar Igor Sechin proposed producing countries reduce output by 1 million barrels per day- without saying whether non- OPEC member Russia would cut. While traders and delegates from OPEC doubt any deal between the group and rival producers- which would be the first in...

  • LONDON, Feb 10- The dollar struggled to climb off 3-1/ 2- month lows on Wednesday as worries over a global economic slowdown weighed and traders waited for more tips on the likely course of U.S. interest rates from Federal Reserve Chair Janet Yellen. Despite a shock move from the Bank of Japan to adopt negative interest rates two weeks ago, the yen hit a 15- month high...

  • Farmers from about 70 highway and road blockades around the country are planning to bring their protest to Athens on Friday and Saturday, in a confrontation with the left-wing government, which is struggling to implement austerity measures demanded by bailout lenders. Vangelis Boutas, head coordinator of the farmers' roadblocks, said the protesters want to...

  • NEW YORK— Staples has received European approval for its buyout of Office Depot and in exchange, it said Wednesday that it would split off some operations in Europe to allay monopoly fears. The company will divest all of Office Depot's operations in Sweden, as well as European retail, contract, online and catalog operations in an agreement with the European...

  • LONDON _ Markit Ltd. on Wednesday reported fourth-quarter earnings of $46.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Markit shares have declined 10 percent since the beginning of the year.

  • *Turkey, Russia exchange barbs over downed plane. MOSCOW, Feb 10- Turkish conglomerate Fiba Group has put up for sale a bank it owns in Russia, two banking sources told Reuters, a decision that may be due partly to a row between Moscow and Ankara over the shooting down of a Russian warplane. Moscow denied that, and President Vladimir Putin, accusing Ankara of stabbing...