THE WALL STREET JOURNAL Europe Morning Update
Jan. 5, 2009 -- 2:41 a.m. EST
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TODAY'S NEWS
(WSJ.COM SUBSCRIPTION REQUIRED TO READ FULL STORIES)
Russia's dispute with Ukraine over natural gas prices descended into counter claims and legal threats over the weekend, as six European countries downstream said they had begun to record slight supply disruptions.
http://online.wsj.com/article/SB123108447607051847.html?mod=djemEMU
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Volkswagen and BMW are gearing up to expand their share of the U.S. auto market. VW expects to triple U.S. sales by 2018.
http://online.wsj.com/article/SB123110372170452019.html?mod=djemEMU
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Britain's markets regulator is becoming more demanding and may impose costlier rules on banks, abandoning its previous light touch.
http://online.wsj.com/article/SB123110527369552083.html?mod=djemEMU
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Merkel's bid to shield Germany from the global downturn is being complicated by a rift over tax cuts within the chancellor's ruling coalition.
http://online.wsj.com/article/SB123110582798052071.html?mod=djemEMU
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U.K. banks sharply tightened credit to households and companies, intensifying worries that a bank-rescue plan is failing to get money flowing.
http://online.wsj.com/article/SB123110580872352069.html?mod=djemEMU
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Manufacturing activity in the euro zone contracted for the seventh consecutive month in December, hitting a fresh record low.
http://online.wsj.com/article/SB123089107241248759.html?mod=djemEMU
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The IMF announced plans to lend Belarus $2.5 billion to help the Eastern European country cope with the global economic crisis.
http://online.wsj.com/article/SB123083529319447047.html?mod=djemEMU
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Trustees of HBOS's pension plan said they will ask a court not to sanction the merger with Lloyds TSB Group unless the HBOS pension fund is protected.
http://online.wsj.com/article/SB123110161245851955.html?mod=djemEMU
To read any of the articles above, please see: http://www.wsj.com
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FEATURES
(WSJ.COM SUBSCRIPTION REQUIRED TO READ FULL STORIES)
A new antismoking law goes into effect this month in Austria, one of the last European countries to tighten rules on smoking in public spaces. Yet despite bans, Europeans are having a hard time stamping out their nicotine habit.
http://online.wsj.com/article/SB123085631602247715.html?mod=djemEMU
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The holidays were good to discounters, online retailers and businesses that cater to young, financially unencumbered consumers, but sales figures will show just how bleak a Christmas it was for others.
http://online.wsj.com/article/SB123110151753451983.html?mod=djemEMU
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