The Week in Europe: Top 7 Videos
From harsh criticism of the Federal Reserve in the United States to the MIPIM real estate conference in Cannes, the week was filled with compelling video. But only seven made the cut.
Swatch CEO Bullish on Outlook
After benefiting from booming global demand, Swatch posted a 22 percent rise in net profit Friday with a positive outlook for 2008. Swatch CEO Nick Hayek Jr. told CNBC's Steve Sedgwick that his company's biggest challenge is meeting the double-digit demand coming from all corners of the market. Click here for the full interview on why Swatch is so bullish.
Continental CEO on Earnings
Shares jumped Thursday on hopes the German auto-parts maker would realize more savings from its Siemens VDO acquisition. But Continental CEO Manfred Wennemer said a rise in raw materials prices, particularly rubber, is a key risk in the coming year. Wennemer told CNBC his company plans to mitigate that cost rise by increasing prices for consumers in the US and Europe, while continuing to expect growth in 2008. Click here for the full interview.
How Will UK Budget Affect Business?
Despite technical taxation changes announced in the UK Chancellor of the Exchequer Alistair Darling's first 2008 budget Wednesday, Patrick Stevens from E&Y said the big picture in business remains the same. "A whole mess of tiny technical changes that we have spent and will spend hours pouring over, but it all nicks down to not a lot," Stevens told Squawk Box Europe. Click here for more on the UK Budget and business.
Carlyle Capital Assets Seized
Shares of Carlyle Capital Corporation dropped more than 90% Thursday after it failed to reach a deal with its lenders. The Dutch branch of Carlyle Group now expects its lenders to seize all of the group's remaining mortgage-backed assets, despite many of them being good. Clem Chambers, CEO of ADVFN, discusses the news that sank Asian markets and impacted the US open here.
Finding Value in Real Estate
Leaders met at the MIPIM Real Estate Conference in Cannes to discuss where investors can find value in the midst of housing market turmoil. Olivier Piani, president Europe of GE Real Estate, told CNBC's Rebecca Meehan there were three key moves investors should make in 2008: buy debt in the UK; acquire offices in France or Germany and look at development details in Central or Eastern Europe. Click here for more of the interview.
'Abolish the Fed'
If Jim Rogers, CEO of Rogers Holdings, woke up one morning as Ben Bernanke, he'd quit and close up the Federal Reserve for providing 'socialism for the rich.' Rogers, who believes there is still a bull market in commodities, told CNBC the Fed's flood of $200 billion into the US markets on Tuesday will only increase inflation and make the situation worse. Click here to hear more from Rogers on the situation.
EADS CEO on Earnings
Aerospace giant EADS is just one company struggling with the high oil price and the strength of the Euro. The airliner revealed widening losses partially due to cost overruns at Airbus, and will start building planes in the US after beating its rival Boeing to a $35 billion contract with the US Air Force. Click here to listen to EADS CEO Louis Gallois discuss the figures and give his outlook for '08.