East German industries thrive in West (AP) EU Economy News - Yahoo! News - Thu, 05 Nov 2009 13:39:22 GMT FILE - In this Dec. 9, 2008 file photo Ines Schoenwald checks bottles at the bottling plant in the Rotkaeppchen sparkling wines production facilities in Freyburg, eastern Germany. Up to 20,000 bottles per hour are bottled in the peak times of the production. Rotkaeppchen sparkling wine, Florena Cosmetics, Spee detergent or Zetti crunchy chocolate clusters - The names may not mean much to people outside of Germany but they point to a remarkable trend in the 20 years since the Berlin Wall came down: All are iconic brands of the former Communist East and some have even become big hits in the West. (AP Photo/Eckehard Schulz, File)

BoE adds 25 billion pounds to monetary expansion (AP) EU Economy News - Yahoo! News - Thu, 05 Nov 2009 12:51:34 GMT AP - The Bank of England said Thursday it will pour another 25 billion pounds ($41 billion) into the British economy to get the country out of recession as it kept its main interest rate at a record low of 0.5 percent.

Eurozone retail sales drop in Sept (AP) EU Economy News - Yahoo! News - Thu, 05 Nov 2009 11:43:15 GMT AP - Retail sales in the 16 countries that use the euro dropped by 0.7 percent in September, European Union statistics showed Thursday, evidence the economic recovery will be slow and bumpy.

Gold retreats from record as dollar firms (Reuters) EU Economy News - Yahoo! News - Thu, 05 Nov 2009 10:47:43 GMT Gold bars are pictured at the Ginza Tanaka store in Tokyo October 23, 2009. REUTERS/Issei Kato

No more duck house: Britain cuts lawmaker expenses (AP) EU Economy News - Yahoo! News - Wed, 04 Nov 2009 17:50:37 GMT British Prime Minister Gordon Brown leaves 10 Downing Street for the Prime Minister's Questions at the House of Common in London, Wednesday, Nov. 4, 2009. Brown Wednesday promised swift action to reform the system of Members Parliaments expenses in the wake of the report by the standards watchdog . (AP Photo/Sang Tan)

GM's Opel move raises anger, new uncertainty (AP) EU Economy News - Yahoo! News - Wed, 04 Nov 2009 16:44:05 GMT A red traffic light is seen at the entrance of the Bochum car plant of Opel on Wednesday Nov. 4, 2009. General Motors Co. said Tuesday, Nov. 3, 2009 it will keep its European Opel unit and restructure it instead of selling a 55 percent stake to Canadian auto parts maker Magna International and its partner, Russian lender Sberbank. (AP Photo/Frank Augstein)

Britain puts more money in banks, imposes breakup (AP) EU Economy News - Yahoo! News - Tue, 03 Nov 2009 17:57:57 GMT A man walks by the headquarter of Royal Bank of Scotland Group in the City of London, Tuesday, Nov. 3, 2009. Royal Bank of Scotland gets a further 25.5 billion pounds from the government — all at once, instead of in stages as announced in February. The bailed-out bank will also sell assets to comply with conditions for state aid and the government's stake will rise from 70 percent to 84 percent. The government also granted tax changes worth up to 11 billion pounds to RBS, and it will spend 5.7 billion pounds to buy its share of the new Lloyds shares. And the Treasury set aside a further 8 billion pounds to support RBS if its position deteriorates badly. (AP Photo/Sang Tan)

EU hikes growth forecasts, warns on jobs (AFP) EU Economy News - Yahoo! News - Tue, 03 Nov 2009 15:45:34 GMT A giant symbol of the euro currency outside the European Central Bank in Frankfurt. The European Commission said it now expected the eurozone economy to expand rather than contract in 2010 but warned that rising unemployment and public deficits would remain problems for several years.(AFP/File/John Macdougall)

BMW 3Q net income falls 74 percent to euro78 million (AP) EU Economy News - Yahoo! News - Tue, 03 Nov 2009 11:33:24 GMT FILE - In this March 18, 2008 file photo the company sign of German car manufacturer BMW is seen at the headquarters in Munich, southern Germany. German carmaker BMW AG says Tuesday Nov. 3, 2009 its net profit for the third quarter fell 74 percent to 78 million Euro (US$ 115 million) as a result of the global economic downturn. BMW, the world's biggest luxury car company by sales, says it delivered 7.2 percent fewer cars during the July-September period and that its revenue fell 6.6 percent to 11.8 billion Euro. (AP Photo/Uwe Lein, File)

Obama: US, Europe must push hard for climate deal (AP) EU Economy News - Yahoo! News - Tue, 03 Nov 2009 21:41:18 GMT President Barack Obama, second from right, listens as Swedish Prime Minister Fredrik Reinfeldt, second from left, speaks during a meeting in the Cabinet Room of the White House in Washington, Tuesday, Nov. 3, 2009. European High Council High Representative Javier Solana is at left, and European Commission President Jose Manuel Barroso is at right. (AP Photo/Susan Walsh)