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...Even before Wall Street's opening slump of 1.66%, prices on European exchanges suffered serious erosion, with London's FTSE 100 down 4.2%, Paris' CAC 40 by 3.6%, and Frankfurt's Dax index 2.8%. The trio closed Monday trading with losses of 5.33%, 4.48%, and 3.48% respectively. The European shrinkage followed Asia's lead, with Tokyo's Nikkei index dropping 3.8%, Hong Kong's Hang Seng off 3.9%, Sydney's All Ordinaries falling 2.8%, and Mumbai's BSE Sensex down 3.69%. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Markets Fall from Tokyo to London to New York City | 3/2/2009 | See Source »

...Illinois or the Senate, or the executive experience that qualifies him for the presidency and thus to be some sort of reincarnation of Lincoln? To be an oratorical superstar does not make him a savior. Let's talk about his real record a year from now. Charles G. Kormendy, FRANKFURT, GERMANY...

Author: /time Magazine | Title: A Global Leader | 2/5/2009 | See Source »

...that market has gotten a lot tougher recently," says Baroness Jo Valentine, the chief executive of London First, a lobby group that campaigns for investment in London. Other advocates point out that the $13 billion expansion is vital to help Heathrow stay ahead of rival hubs in Paris, Frankfurt and Madrid, and that it will create 65,000 new jobs...

Author: /time Magazine | Title: Heathrow's Expansion: A New Kind of Blitz in England | 1/17/2009 | See Source »

...wouldn't know that to look at the Friday's activities on European stock markets. After rises of nearly 4% during Friday trading, London's FTSE 100 index closed up 1.5%, while Frankfurt's Dax and Paris' CAC 40 ended the week up by 1.3% and 0.67% respectively. In the wake of Wall Street's 6.7% gain Thursday, Asian markets also largely advance Friday, with Tokyo's Nikkei closing 2.7% higher, and Hong Kong's Hang Seng finishing 2.4% stronger. Given the macro-economic moroseness, what's with the market giggles...

Author: /time Magazine | Title: Stock Markets Undeterred by Euro Recession | 11/14/2008 | See Source »

...Peril" that the E.U. indulges in schadenfreude about the U.S. financial crisis [Oct. 20]. We all know what the global economy is about. Would anyone be stupid enough to ignore the fact that the entire human body suffers if just one organ gets sick? Helmar W. Kühn, FRANKFURT, GERMANY...

Author: /time Magazine | Title: Financial Contagion | 10/30/2008 | See Source »

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