Chill Out

Euler Hermes says premiums may rise

World's biggest credit insurer profit warning sends shares into freefall as claims from Woolworths' suppliers flows in

Ryanair turns up pressure on Aer Lingus

The budget airline wants to meet its rival's shareholders and government officials after its €750 million offer failed

Willie Walsh and Alan Joyce: taking off

A shared history at Aer Lingus brought the two Irish airline chiefs together again

EDF may sell capacity to win British Energy

The European Commission has extended a deadline for its review of the takeover of Britain's nuclear generator

EC under pressure to relax state aid rules

EU finance ministers ask Competition Commissioner Neelie Kroes to approve government banking bailouts

EU urged to relax rules on government bailouts

Competition Commissioner called on to allow governments to give massive capital injections and guarantees to banks

Waterford Wedgwood adds pressure on O'Reilly

The manufacturer has said that it will not pay the interest due on a bond, paving the way for a financial restructuring

Spanish car sales plunge to 15-year low

Car sales in Spain fell by almost 50 per cent last month, the biggest year-on-year fall since the country's recession in 1993

Dip in manufacturing adds to rate-cut case

Worldwide slump for industry adds to expectations that central banks will act decisively with drastic cuts in interest rates

Spanish developer falls with €2.3bn debt

Promociones Habitat is the second property firm to file for administration amid the collapse of the construction sector

Car industry in plea for emergency funding

Business Secretary is told that threat is growing of factory shutdowns, the collapse of some businesses and job losses

Pressure grows for eurozone rate cut

Further pressure heaped on European Central Bank to cut eurozone official interest rates by at least 50 basis points

EDF: UK energy shortfall to be filled by gas

Lack of capacity in the nuclear industry means that UK will have to rely on imported natural gas to meet emerging shortfall

Contrite UBS chiefs act on bonuses and secrecy

Swiss banking giant announced a sweeping overhaul of historic practice with executive bonuses worth SwFr70m to be forfeited

ING Direct cuts interest rate to 2.75%

The Dutch bank has cut the interest rate on its popular savings account, pushing it out of the best-buy tables

EU urged to borrow in €200bn plan

Countries across Europe will be encouraged to borrow under proposals for an EU recovery plan worth 1.5 per cent of GDP

EU countries urged to fund €200bn rescue plan

EU states will be pressed to contribute to the economic stimulus package following similar moves in the UK and US

Europe urges states to back €130 billion plan

Angela Merkel and Nicolas Sarkozy appeal for more fiscal leeway as EC proposes tax cuts and investment

Brewer revives $9.8bn rights issue

Analysts say the speed with which Anheuser-Busch InBev has resurrected the issue indicates that markets could worsen

Europe to plough €6bn into recovery plan

More than 1% of the EU’s gross domestic product of €130bn is expected to be brought forward to stimulate Europe’s economies