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BusinessWeek.com -- Europe
  • Swiss Re Expects $500 Million in Chile Quake Claims (Update1)
    Swiss Reinsurance Co., the world’s second-largest reinsurer, said it expects about $500 million in claims from the Chile earthquake and about 100 million Swiss francs ($93 million) in losses from the Xynthia storm in Europe.
  • Brown Calls for National Unity Amid U.K. Public Pay Freeze
    Prime Minister Gordon Brown will call on Britons to unite behind his government on the day many government staff learn whether their pay has been frozen.
  • Romania’s Rating Outlook Raised to Stable at S&P (Update1)
    Romania’s credit rating outlook was raised to stable at Standard & Poor’s after the International Monetary Fund resumed a bailout loan to the country and the government passed an austerity budget.
  • Shell Australia Official Set to Begin Amid Arrow Bid (Update1)
    Royal Dutch Shell Plc, bidding with PetroChina Co. to acquire Arrow Energy Ltd., said Ann Pickard is expected to start this month as the executive vice president leading oil and gas exploration and production in...
  • BA Cabin Crew Union Rates Strike an Even Bet
    British Airways Plc’s chances of avoiding a cabin-crew strike after the end of talks today are no better than even, a union said, while Deutsche Lufthansa AG pilots pledged to carry on negotiating beyond a...
  • Eurostar Failures Bolster Rival Train Plans
    Though Europe opened railroad competition Jan. 1, no rivals have emerged for the Anglo-French Eurostar. But its problems in 2009 may open the door for Deutsche Bahn
  • Tata Stake Sale Cushions Daimler's EADS Loss
    Daimler AG’s sale of Tata Motors Ltd. shares will cushion the maker of Mercedes-Benz cars from a hit on earnings at European Aeronautic, Defence & Space Co.
  • Greek Tax Revenue Estimates May Be Too High
    Greek tax increases designed to curb the European Union’s biggest budget deficit may fail to generate as much additional revenue as the government in Athens estimates, a draft EU report said.
  • EADS: Air Force Tanker Bid Retreat Is Final
    The CEO of Airbus parent EADS says there's no turning back now that partner Northrop has decided not to bid on the $35 billion U.S. Air Force refueling tanker contract
  • Merkel Takes Aim at Credit-Default Swaps
    Joined by fellow EU officials, German Chancellor Angela Merkel called for urgent regulation of "speculative" derivatives trading to prevent another Greek-type crisis
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