European Business

“It’s a unique idea – Smart Insurance Services has identified a gap in the market and developed a strategy and a business to fill it. It works in the UK and there’s no reason why it won’t work in the rest of Europe.”

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Major institutions including the World Bank pledge $30 billion to its banks, but it’s only a first step.

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As Prime Minister of the German state of North Rhine-Westphalia, Jrgen Rttgers wanted to save one of his industrial state’s biggest employers. So what did he do? He hopped a plane to Detroit, of course. On Feb. 18, Rttgers met with General Motors Chief Executive Rick Wagoner in an effort to persuade him not to shutter a factory in the city of Bochum, where 5,000 workers make sedans and minivans …

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If some of the nations in Eastern Europe default on their debt, the world may look as it did three decades ago when several Latin American nations struggled to make payments on their sovereign obligations

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The European Commission is abolishing accounting rules that force micro enterprises with turnover under EURO880,000 per year to submit audit reports to national authorities.

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At a time of growing concern about the region’s economic prospects, the World Bank, the European Bank for Reconstruction and Development and the European Investment Bank pledge up to $31.2 billion to support Eastern Europe’s banking sector and to fund business loans.

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Accountancy Age, Accountancy Age , Friday 27 February 2009 at 07:25:00 Cost of business regulation now 66bn The European Commission is abolishing accounting rules that force micro enterprises with turnover under EURO880,000 per year to submit audit reports to national authorities….

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(AP:CANNES, France–) (BUSINESS WIRE) _ Feb. 25, 2009– Today at VMworld Europe 2009, VMware, Inc. (NYSE:VMW), the global leader in virtualization solutions from the desktop to the datacenter, announced a series of performance records on VMware’s currently available ESX 3.5 and an internal version expected to be released later this year.

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Feb. 26 (Bloomberg) — The Australian and New Zealand dollars slid after government reports in Europe and the U.S. increased concerns the global recession is deepening.

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Ukraine’s credit rating was cut two levels to CCC+ by Standard & Poor’s because political turmoil poses growing risks to the country’s International Monetary Fund loan. The long-term foreign currency rating is seven levels below investment grade, making it the lowest in Europe and putting it on a par with Pakistan.

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