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  • LONDON/ BRUSSELS, Oct 1- Global steps to reduce greenhouse gas emissions from the shipping industry are moving too slowly so the European Union will introduce its own system next year in a bid to accelerate reform, its executive body said on Monday.

  • (Corrects total workers in plant to about 2,700. BRUSSELS, Oct 1- ArcelorMittal the world's largest steelmaker will permanently shut its liquid phase steel production at the Florange site in northeastern France, the group said on Monday. The French government would look for a buyer for the liquid phase in the next 60 days, ArcelorMittal said.

  • ArcelorMittal to close liquid phase at Florange Monday, 1 Oct 2012 | 7:06 AM ET

    BRUSSELS, Oct 1- ArcelorMittal the world's largest steelmaker will permanently shut its liquid phase steel production at the Florange site in northeastern France, the group said on Monday. The company said that some 629 of the 2,000 people employed at the plant would be affected by the decision.

  • A glance at unemployment rates around the eurozone Monday, 1 Oct 2012 | 6:43 AM ET
  • Eurozone unemployment stuck at record 11.4 pct Monday, 1 Oct 2012 | 5:28 AM ET

    Europe's problems are dragging down the global economy. Six countries in the eurozone _ Greece, Spain, Italy, Cyprus, Malta and Portugal _ are already in recession. Howard Archer, the chief economist for IHS Global Insight, said it will take some time before Europe's labor market rebounds.

  • BRUSSELS, Oct 1- Unemployment in the euro zone remained at record highs level in August and the number of people out of work climbed again, highlighting the human cost of the bloc's 3- year debt crisis.

  • BRUSSELS, Oct 1- The European Union's Statistics Office released on Monday the following data for unemployment in the 27- nation EU and the 17 countries that share the euro currency. Aug 2011 Feb 2012 Mar 2012 Apr 2012 May 2012 Jun 2012 Jul 2012 Aug 2012. EA17 10.2 10.9 11.0 11.2 11.3 11.4 11.4 11.4 EU27 9.7 10.2 10.3 10.3 10.4 10.5 10.5 10.5.

  • *Unemployment highest in Spain, lowest in Austria. BRUSSELS, Oct 1- Unemployment in the euro zone remained at record highs in August and the number of people out of work climbed again, highlighting the human cost of the bloc's three-year debt crisis.

  • Eurozone unemployment steady at record 11.4 pct Monday, 1 Oct 2012 | 5:01 AM ET

    BRUSSELS-- Official data show that unemployment in the 17 countries that use the euro remained at its record high of 11.4 percent in August. While European leaders have managed to calm financial markets in recent months with promises to cut spending and build a tighter union, they have been unable to halt the rising tide of joblessness.

  • Shares in Millennium BCP jump 4.7 percent on expectations that a 500 million euros cash call for Portugal's largest-listed bank by assets will be successful, with a report suggesting Belgium- based insurance group Ageas.

  • OSLO, Oct 1- Norwegian gas exports through the Langeled pipeline, the UK's main subsea gas import route, dropped to zero on Monday morning, and flows to France fell sharply as a new "gas year" started.

  • DIARY - Turkey - to Dec 5 Monday, 1 Oct 2012 | 2:17 AM ET

    *ANKARA- Foreign Minister Ahmet Davutoglu to hold talks with Masoud Barzani, president of Iraq's autonomous Kurdistan region. ISTANBUL- Istanbul Chamber of Commerce releases September inflation data for Turkey's biggest city.

  • BRUSSELS, Oct 1- Europe will tell the United States, Japan and Canada next week that it is acting to resolve its sovereign debt crisis, but that U.S. fiscal policy and slowing growth in Japan and China also pose risks to the global economy.

  • MOSCOW, Oct 1- Dutch bank ING is closing Central and Eastern European equities operations and scrapping corporate banking jobs in London, with the loss of around 130 jobs, the company said on Monday. The equities desk in Moscow will also be closed, Simpson said. The job losses were spread across offices in London, Moscow, Prague and Budapest.

  • MADRID, Oct 1- The 40 billion euros in European aid that Spain plans to take for its ailing banks should start flowing in November and will not push up the country's structural deficit, EU Commissioner Olli Rehn said on Monday.

  • BRATISLAVA, Oct 1- The Slovak government's decision to double a levy on bank deposits will hurt banks' profitability and creditworthiness and eventually dent their loan capacity, credit rating agency Moody's said on Monday in a special report.

  • LONDON/ BRUSSELS, Oct 1- Global steps to reduce greenhouse gas emissions from the shipping industry are moving too slowly so the European Union will introduce its own system next year in a bid to accelerate reform, its executive body said on Monday.

  • The Trade-Off That Created Germany’s Job Miracle Tuesday, 25 Sep 2012 | 1:49 AM ET
    germany_cityscape_200.jpg

    More than a quarter of the work force in Spain or Greece is without jobs, but there is a city on the Danube north of Munich that has the opposite problem: not enough workers, the New York Times reports.

  • In Britain, Austerity Collides With Pension System Friday, 21 Sep 2012 | 1:27 AM ET
    London Housing

    It may be the age of austerity for many in Britain. For a former doctor, Geoffrey Lipman, it is anything but.  Dr. Geoffrey Lipman, who is retired, gets about $78,000 a year in his government pension.

  • No Easy Answers on How to Fix the Banks in Europe Sunday, 16 Sep 2012 | 9:20 PM ET
    A European Union, left, and a Hungarian national flag, fly outside the Magyar Nemzeti Bank, Hungary's central bank, in Budapest.

    Beleaguered countries like Spain have been counting on a quick and neat way to fix their banks without taking on more crippling debt. The New York Times reports.