Money Talks: Business News from the Heart of Europe
On this week's Money Talks: EU-Ukraine deal on reform of gas system angers Russia, Spain's labour laws a hurdle amidst recession, and why people are putting money into God's hands! EU-Ukraine Deal on Reform of Gas System Angers RussiaThe European Union and Ukraine have agreed to work together on reforming the country's outdated gas transit system.At an energy conference in Brussels on Monday, EU and Ukrainian leaders signed a joint declaration for Kiev to modernise its gas sector by 2011....
Money Talks: Business News from the Heart of Europe
On this Week's programme: why German city councils are swamped by AIG's losses, how German companies are coping with an export slump, why the tourism industry is hopeful despite the gloomy outlook, and the publishing industry is braving the global downturn. German City Councils Swamped by AIG LossesThe fallout of AIG’s poor performance is being felt as far afield as in Germany.In the US, President Barack Obama is reaping a political whirlwind as massive bonuses planned by bailed-out insurer...
Money Talks: Business News from the Heart of Europe
On this week's Money Talks: Swiss struggle to evade tax havens blacklist - French employers woo young people to rural areas - Vinyl records still turn a profit! Swiss Struggle to Evade Tax Havens BlacklistSwiss government officials came together with their counterparts from Luxembourg and Austria last weekend to find ways to fight off attempts to put them on an international blacklist of tax havens.As the world slips into recession, governments are struggling to find the cash to put together...
Money Talks: Business News from the Heart of Europe
This week on Money Talks: CeBit opens in Hannover -- Exploring the human side of the Opel dilemma -- Working under the table -- For Sale: CarbonCeBit Opens in HannoverThe world's largest information and communication technology trade fair has opened its doors to the public. However, with competition from other shows, like the Mobile Congress held last week in Barcelona, and the world in the grips of a recession, how is CeBit holding up?The movers and shakers from the information and...
Money Talks: Business News from the Heart of Europe
This week on Money Talks: Opel seeks a bailout -- Mobile Congress in Barcelona -- The recession-proof slopes -- A beginner’s guide to starting your own business.Opel Seeks Government AidThe auto manufacturer needs at least 3.3 billion euros ($4.2 billion) if it hopes to even stay afloat, but not everyone is convinced that the German government should bail them out.It's no secret that German auto maker Opel has been hit hard by the global credit crunch. But now it's become especially dire for...
Money Talks: Business News from the Heart of Europe
This week on Money Talks: German auto giants could join forces – Recession-proof in Eastern Europe – Art and artists face the recession.BMW and Daimler to Share TechnologyThe auto industry has been badly damaged by the global recession, especially the makers of luxury cars BMW and Mercedes-Benz. But could more cooperation between the two German giants really be the answer?It has been said that necessity is the mother of all invention, and it seems the global recession could mean that it's...
Money Talks: Business News from the Heart of Europe
On this week's Money Talks: Germany gets a new economics minister -- How Germans are responding to rising unemployment -- Eurozone worries amid recession -- Islamic banking tries to get a foothold in Europe -- Financial crisis a dominant topic at the Berlinale!Germany Gets a New Economics MinisterThe change in the key ministry comes at a time when the country is struggling to come to terms with a biting recession that has seen growth plummet, unemployment rise and credit dry up.Karl-Theodor...
Money Talks: Business News from the Heart of Europe
Coming up on this week's Money Talks: The exclusive Business party in Davos -- Could social values form a new European business model? -- Getting the French car industry moving -- Turkey looks to profit from the big gas freeze.Davos: The Business Party Where Everyone Wants to be SeenPolitical leaders and central bankers will dominate this week's annual Davos forum as a chastened business elite is sidelined in the drive to reboot the world economy, improve global security and slow climate...
Money Talks: Business News from the Heart of Europe
This week on Money Talks: Obama brings hope for new transatlantic economic relations -- EU Financial forecast looks bleak -- 3rd runway at Heathrow vital for economy? -- and Full steam ahead at Boot 2009Obama Brings New Era in Transatlantic Economic RelationsThe eyes of the world were on Washington on Tuesday as Barack Obama was sworn in as President of the United States. But there won’t be much time to get comfortable in the White House.The new man has inherited a wealth of problems: above...
Money Talks: Business News from the Heart of Europe
This week on Money Talks: German economy to get €50 billion boost - Mixed response to Commerzbank bailout - UK consumers cutting back amid gloom - Carmakers put on a brave face at Detroit showGermany to Pump €50b Into EconomyThe second stimulus package is meant to shield the economy from the worst recession since World War Two as well as to silence critics who have accused the government of doing too little so far.Chancellor Angela Merkel's grand coalition of conservatives and Social...
Money Talks: Business News from the Heart of Europe
This week on Money Talks: Europe feels the cold amid gas row - German economy likely to get €50b injection - How China is hurting from a slump in exports - Can Slovakia's Roma cash in on the euro?Europe Feels the Cold Amid Gas RowThe European Union has condemned cuts in gas supplies from Russia to some member states. The Czech Republic, which currently holds the EU’s rotating presidency, and the European Commission are demanding that supplies be restored immediately.Russia cut supplies to...
Money Talks: Business News from the Heart of Europe
This week on Money Talks: The Economic Year in review – Euro zone welcomes its newest member – France debates Sunday shopping.2008: The Economic Year in ReviewFrom tax evading in Liechtenstein, the crumbling of the auto industry around the world, and the financial crisis rocking the globe, 2008 was an interesting business year.There’s no denying it, 2008 was certainly one of the worst financial years the world has seen in a long time. Between oil prices skyrocketing through the roof and...
Money Talks: Business from the Heart of Europe
This week on Money Talks: The IMF is heading to Turkey – Handmade goods are pushing out mass produced items – Christmas Markets with a twist – Paul Krugman talks about the future of the world’s economies.IMF to Bail Out TurkeyFor many nations, facing the world economic crisis is just too much for them to handle. Good thing the IMF is there. At the beginning of January the International Monetary Mund (IMF) is due to visit Turkey to negotiate a possible new agreement, expected to be worth...
Money Talks: Business from the Heart of Europe
This week on Money Talks: The EU agrees on economic recovery measures – Germany’s biggest credit card issuer in data theft scare – British retail icon closing its doors for good – Transforming former industrial areas into thriving urban spacesEU Summit Strategy for European Economic RecoveryAfter the two-day of meeting of EU leaders in Brussels that ended on the 12th of December there was agreement to spend the equivalent of 1.5 percent of the EU ‘s gross domestic product.This means around...
Money Talks: Business from the Heart of Europe
On this week's Money Talks: Irish pork industry hit by dioxin scare -- Spanish debt collectors thrive amid economic downturn -- How the Christmas markets in Germany & Austria are faring this holiday season.Irish Pork Industry Hit by Dioxin ScareAuthorities fear that pork produced since the beginning of September may contain dioxins, which can cause cancer.The Republic of Ireland and Northern Ireland have both been hit by a scare over contaminated pork products. Tests have shown that some...
Money Talks: Business from the Heart of Europe
This week on Money Talks: Merkel ignores calls for tax cuts to boost the economy -- A look at the economic climate in France -- Europe's Creative Industries Brave the Crisis.Merkel Snubs Critics of her Economic StrategyGerman Chancellor Angela Merkel has refuted charges that she is sitting on her hands while faced with a crippling recession and a global downturn.In a speech to her fellow Christian Democrats at a party congress this week, Merkel said Germany had been well-served in the past...
Money Talks: Business from the Heart of Europe
This week on Money Talks: a bleak outlook for the European car industry -- economic climate change in Germany -- why cheap oil could be bad for the consumer -- Polish exodus from stricken UKBleak Outlook for German Car-MakersThese days, whenever the head of a carmaker gives a talk, people listen. And it’s no wonder – the industry is in big trouble.Executives from Opel have had to go cap in hand to the government to seek federal aid in case parent company General Motors goes bankrupt. And in...
Money Talks: Business from the Heart of Europe
This week on Money Talks: What the G20 summit means for Europe -- Will the German government bail-out Opel? -- From financial powerhouse to sick man of Europe -- and France narrowly escapes recessionDid Europe Emerge Stronger from G20 Summit?It was the meeting that was meant to find a way out of the global financial crisis. But what will it mean for Europe?The G20 summit in Washington wrapped up at the weekend with world leaders pledging to work together to restore global growth. The heads...
Money Talks: Business from the Heart of Europe
This week on Money Talks: We look at the IMF emergency loan for Hungary – See the plans for Mercedes-Benz’s new plant in Hungary – Find out more about Deutsche Post slashing jobs in the US – Changes to air fares advertising in Europe – and green thumbs help German family business thrive IMF Board Approves Emergency Loans for Ukraine and HungaryThe International Monetary Fund approved emergency loans for Ukraine and Hungary.Both countries have found themselves in financial jeopardy during the...
Money Talks: Business from the Heart of Europe
This week on Money Talks: We follow the pay dispute and escalating IG Metall union strikes across German – Visit a Bavarian bank offering ethical and ecological investments—Catch the latest copper fever in eastern German – and meet the decision makers at the World Economic Forum in Turkey Listen to Money Talks online or subscribe to our podcast.Powerful Union Seeks Wage Increase During Financial CrisisThousands of metal and electronics workers went on strike across Germany as industrial...
Money Talks: Business from the Heart of Europe
This week on Money Talks: We take a look at skyrocketing VW stocks – Learn which was the first German bank to take advantage of the bailout – Get an in-depth look at one of German’s most successful businesses – and – Check in on some business owners in Sicily to see how they deal with the mafia.Volkswagen Stocks SkyrocketAn opaque German market and the failure of Porsche to disclose just how much of VW it owned have made some people very rich. But who has suffered when the stocks hit the...
Money Talks: Business from the Heart of Europe
Germany's bid to stimulate the economy, Spain's Santander braves the financial storm, e-books pose a threat to traditional publishers and a visit to a millionaires' bazaar! All that on this week's Money Talks.Germany Looks to Boost Economy Amid Gloomy OutlookChancellor Angela Merkel has asked the economy and finance ministries to quickly come up with ideas for ‘’targetted measures’’ to boost struggling industries.The Chancellor's comments to the cabinet came even as Germany’s central bank...
Money Talks: Business from the Heart of Europe
This week on Money Talks: We take a look at rescue packages around Europe – Learn how the credit crunch is affecting the average German – Travel to London to see how the service industry is suffering from the credit crunch – and take a look at how French banks have been able to weather the storm.Bailout Plans Sweep the European UnionAfter meetings over the weekend it seems that the EU member states are going to set up large, American-style rescue plans for their banking industries. But what...
Money Talks: Business from the Heart of Europe
This week on Money Talks: We take a look at the rescue package for German mortgage bank Hypo Real Estate – Learn about the possibility of a broader German bailout plan – Travel to eastern Germany to see why some Poles are packing up and crossing the boarder – and check in with the auto industry at the Paris Motor ShowFinancial Crisis Hits Germany: What Should be Done?Germany’s first bank to feel the crunch has already called for mercy. But is this just a stopgap and what needs to be done to...
Money Talks: Business From the Heart of Europe
We take a look at the rescue package for German mortgage bank Hypo Real Estate, The US financial crisis spreading into Europe, German logistics companies who are making international inroads, Spain paying unemployed immigrants to go back homeRescue Package for German Mortgage Bank Hypo Real EstateThe financial crisis has now hit Germany’s second biggest commercial property lender Hypo Real Estate.It has been rescued in a bailout by a consortium of banks backed by the German government. It...
Money Talks: Business From the Heart of Europe
We take a look at the $700 billion rescue fund proposed by the US Treasury Department and the German reaction to it, learn how Lufthansa is taking a different approach to pilot training, and pay a visit to Bavaria to peer into the economic side of Oktoberfest -- All that in this edition of Money Talks.US Treasury Announces Rescue Fund for BanksUS Secretary of the Treasury has announced the formation of a $700 billion rescue fund to pull future failing banks out of the red.US Secretary of the...
Money Talks: Business From the Heart of Europe
We take a look at how the Lehman Brothers crisis might effect the European markets, celebrate 100 years of General Motors, learn how Daimler is paving the way in the trucking industry, and see what effect Polish apprentices in German are having on Poland -- All that in this edition of Money Talks.Lehman Brothers Declares BankruptcyLehman Brothers, America's fourth largest bank, has filed for bankruptcy protection. How did it all start, and what effect will this have on European markets?...
Money Talks: Business From the Heart of Europe
Rescuing the US mortgage market, making sense of the stock exchange, how cork is making a comeback, why some Germans are looking to the east for work, and Monopoly gets a global look -- All that in this edition of Money Talks.US Government Bails Out Fannie and FreddieThe US mortgage market has long been in trouble. Two companies in particular, Fannie Mae and Freddie Mac, which own half of the market, have been feeling the sting. Now the government has decided to step in. Stockmarkets across...
Money Talks: Business From the Heart of Europe
The effects of Germany's giant bank merger, the highlights of the IFA exhibition in Berlin, German companies' slow reaction to demographic change, the negative impact of all-inclusive holidays on Crete's economy, and how climate change is threatening Spain's winemaking industry -- All that in this edition of Money Talks.Commerzbank Takes Over Dresdner BankTwo of Germany's biggest banks are merging. For just under ten billion Euros, the Commerzbank is taking over the Dresdner Bank.The result...
Money Talks: Business From the Heart of Europe
How European-American business relations would change if Obama became president, how an organic eatery became NY's latest success story, why the French government attempts get rid of bureaucratic red tape, and how Germany tries to protect local business -- These stories and more in this edition of Money Talks.Tune in to this week's program or listen to the audio stream here on the Internet. You can also subscribe to our podcast. Barack Obama's Plans for European-American Business...