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USA UK and Malta News
24/09/2008 - 19:49

UK Today Editoweb 24 septembre 2008

Ruling out US-style bailout plan, EU looks to tougher regulation - Daimler wants to sell remaining Chrysler stake to Cerberus - EU parliament waters down telecoms reforms.



Ruling out US-style bailout plan, EU looks to tougher regulation

Europe does not need a US-style bailout plan for the financial sector, top EU officials said Wednesday, limiting their response to the current crisis to calls for tougher regulation.

Daimler wants to sell remaining Chrysler stake to Cerberus

German automaker Daimler said Wednesday it wanted to sell its remaining 19.9 percent interest in its former US subsidiary Chrysler to private equity firm Cerberus, which last year acquired a majority stake in Chrysler from Daimler.

EU parliament waters down telecoms reforms

The European Parliament on Wednesday backed a range of telecom measures aimed at giving consumers better rights and boosting competition among operators, but some components were watered down.

China, Venezuela step up energy cooperation

China and Venezuela signed several energy agreements in Beijing on Wednesday that will allow the South American country to export half a million barrels of oil a day to the Asian giant from 2009.

Air France chief agrees to step down: source

The head of Air France Jean-Cyril Spinetta is to hand over his top management post to his number two in January 2009, a source at the company told AFP on Wednesday.

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