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GM to restructure Opel without European aid

General Motors said on Wednesday it was dropping its request for European aid to restructure its Opel unit, opting to fund the sweeping turnaround plan on its own after government talks bogged down.

Opel withdraws European requests for state aid

Opel turned its back on state assistance for its restructuring drive on Wednesday, abandoning months of talks with European governments and leaving parent General Motors to fund the program.

Emerging markets to drive growth in oil storage

Surge in crude oil storage capacity in emerging markets will help lift global average annual growth rate (AAGR) in oil storage capacity by 4.9% during 2009-15. Emerging markets constitute 26% of the global storage capacity, according to an analysis by Research and Markets.

Germany delays final aid decision on Opel again

Germany's Economics Minister warned on Tuesday a decision over state aid for Opel, affecting thousands of jobs, could take until early June

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Greece gets little market bounce from EU deal

Debt-stricken Greece returned to capital markets on Monday for the first time since euro zone leaders agreed to give it a financial safety net, but the foggy rescue plan did little to reduce its borrowing costs.

Euro zone hopes Greece deal will impress market

Euro zone leaders received a cautious stamp of approval from financial markets on Friday for their agreement to create a safety net with the International Monetary Fund to help debt-ridden Greece.

Merkel eyes Greece deal on German terms, ECB helps

German Chancellor Angela Merkel backed aid for Greece with IMF involvement as a last resort on Thursday, and the European Central Bank extended looser funding rules in a big reprieve for Athens.

Divided EU seeks pre-summit deal on Greek debt

European Union leaders were striving on Thursday to reach a last-minute agreement on how to help Greece resolve its debt crisis and reassure investors before what was likely to be a tense summit.

Microsoft's browser loses market share in Europe

Microsoft's Internet Explorer has lost market share in major European markets, such as France, Britain and Italy, after the U.S. software firm started to make it easier for European consumers to use competing browsers.

Pope's shame and remorse over Irish child sex abuse

Pope Benedict apologized on Saturday to victims of child sex abuse by clergy in Ireland and ordered an official inquiry there to try to stem a scandal gripping the Catholic Church which has swept across Europe.

Kraft under fire after Cadbury plant U-turn

Kraft Foods came under heavy fire from UK parliamentarians on Tuesday for raising false hopes about the future of a Cadbury plant as it battled to win control of the British chocolatier.

Greek crisis may wound southeast Europe

The Greek debt crisis is poised to undermine already dwindling investment flows into south-eastern Europe's emerging economies, adding to barriers to recovery in one of the continent's most fragile regions.

Kraft under probe over Cadbury deal in UK: report

Kraft Foods Inc is being investigated by U.K. regulators on whether the company misled employees and investors in its battle to take over British firm Cadbury.

Opera says demand up as Microsoft opens EU market

Opera Software said on Wednesday it had seen a surge in downloads of its browser after Microsoft started making it easier for Europeans to choose smaller rivals' browsers.

Allied Irish eyes asset/stake sale to raise capital

Allied Irish Banks said it would try to sell assets or a stake in the group before approaching shareholders or the government for further capital, after posting its first ever full-year net loss.

GM triples Opel financing, cuts state aid request

General Motors has tripled its funding of European arm Opel and cut its request for state aid in a bid to win over European governments and labor.

Kowalczyk wins 30Km

Marit Bjoergen's bid for a fourth gold at the Vancouver Games ended in dramatic fashion on Saturday when she was edged out by Poland's Justyna Kowalczyk in a sprint finish to the women's 30km classical event.

Greece crisis to delay EMU aspirants

The Greek crisis has likely delayed euro adoption for the biggest emerging European economies by at least a year, a Reuters poll showed on Wednesday.

U.N. narcotics board warns of prescription drug abuse

The International Narcotics Control Board (INCB) also pointed to a rise in the use of so-called date rape drugs, as sexual abusers try to get around more rigorous controls with substances not banned by international drugs laws.

Crisis, not Greece, makes euro hopefuls cautious

Before the crisis, Helena Kubickova couldn't wait until she could go to a bank machine in Prague and pull out euros, just like in Berlin or Paris.

Most oil majors hunting for shale gas in Europe

Nearly all the major oil companies are looking across Europe for shale gas, an unconventional energy source that has transformed the U.S. energy market.

Lionheart Majdic earns medal for bravery

Petra Majdic won a Winter Olympics cross country bronze but deserved a special medal for extraordinary valor after conquering an excruciating injury over three races before painfully climbing to the podium.

Vonn gives command performance to lift Games

American Lindsey Vonn overcame a painful injury and the weight of massive expectation to win a scintillating and, for many, very painful women's downhill and seize the limelight at the Winter Olympics on Wednesday.

Timeline: Major recent train crashes in Europe

Two commuter trains crashed head-on near Brussels during the Monday morning rush hour killing 18 people.

EU welcomes Ukraine's Yanukovich

NATO and the European Union's new president joined U.S. President Barack Obama in congratulating Viktor Yanukovich on Friday on his election in Ukraine, as the West looked to extend a hand to the Moscow-leaning leader.

ECB President Trichet EC President Barroso Germany's Angela Merkel, Greece's Prime Minister Papandreou EU Council President Van Rompuy and France's President Sarkozy leave the EU Council building in Brussels

EU seals deal to rescue Greece, details still murky

European leaders struck a deal to provide financial aid to Greece on Thursday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro single currency.