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Europe

Financial crisis France unveils 360 billion euro bank bailout package

France has followed Britain's lead in the financial crisis by unveiling a 360 billion euro (£283 bn) plan to bail out the country's banks. Sarkozy said nothing must be spared to prevent the finanical crisis from worsening...

UPDATE 1-Gartner slashes 2009 tech spending forecast

Cuts 2009 IT spending growth to 2.3 pct from 5.8 pct * Sees Western Europe down 0.8 pct, North America up 0.5 pct (Adds analyst comment, regions, BOSTON dateline) BOSTON, Oct 13 (Reuters) - Gartner Inc, the world's biggest...

Civic pride

The future is expected to be gloomy for some HBOS staff With banking jobs at risk, the future of the West Yorkshire town of Halifax was made clear in the local newspaper's leader column. "The town of Halifax might find itself...

Nervous savers scramble to protect assets

Cantonal banks are welcoming more net inflows (Keystone) Smaller banks are experiencing unprecedented demand for new accounts as savers seek to safeguard their assets from the global financial crisis. All Swiss banks guarantee...

Nissan slashes staff in Spain as sales drop

Nissan is cutting more than a quarter of its staff in Spain in response to what it called “a dramatic decline” in vehicle sales. The Japanese company’s Spanish unit will eliminate the third shift and reduce the workforce by...

Emergency moves to defend Ukraine banks

Ukraine’s central bank on Monday imposed emergency measures to stabilise the country’s fragile banking sector, which has been shaken by declining confidence, a falling currency and a deepening political crisis. The National...

Europe stuns with €1.5bn bank rescue as France plays role of saviour

Germany France Italy Spain Holland and Austria have joined forces to launch the greatest bank bailout in history offering over €1.5 trillion in guarantees and fresh capital in a "shock and awe" blitz to halt the credit panic.

Housekeepers at Beckhams' Hertfordshire mansion arrested for 'stealing items and selling them on...

Missing items: David and Victoria Beckham, pictured in 2006 outside their Sawbridgeworth mansion, called police in when their belongings turned up for sale on a website A couple who worked as housekeepers at David Beckham's...

Lithuania wants to keep Chernobyl style nuclear plant

Lithuania looks set to push for extending the lifespan of its controversial Ignalina nuclear power plant, despite EU calls for it to shut down by 2009. The referendum on the issue, held on Sunday, proved invalid as the turnout...

Day the markets breathed again

• Share prices bounce back in London, Frankfurt and New York • Eurozone nations announce trillion euro plan to save ailing banks • Five bank bosses axed as state takes huge stake in three UK firms • Brown says £37bn bail-out...